55% of global respondents in Nielsen’s corporate social responsibility survey were willing to pay extra for products and services from companies committed to positive social and environmental impact—an increase from 45% in 2011. However, people living in North America lag the global average, with only 42% saying they would be willing to pay extra – a 7% increase from three years ago.
As continued impactful climate change events and social consciousness raises people’s concern about companies’ impact on society, the importance of brand’s corporate responsibility reputations will continue to rise. Brands which act responsibly and communicate those actions effectively will increasingly be the ones rewarded by consumers.
Images: Future Leaders in Philanthropy, Nielsen