May 21, 2010 – A recent study conducted by Cone LLC finds that while the overwhelming majority of American consumers believe that their ideas can help business build more sustainable products, a much smaller number believe companies are doing enough to encourage communication about corporate sustainability.
The report, entitled 2010 Cone Shared Responsibility Study, finds that 84% of the 1,045 American consumers polled believed that their ideas could benefit businesses sustainability offerings, while only 53% felt encouraged to engage at any level. The four key areas consumers wanted more engagement in are: including how a company conducts its business (85%), its products and packaging (83%), its support of social and environmental issues (81%) and its marketing and advertising (74%).
In grading companies on their engagement levels, over 75% of those surveyed gave companies either a “C”, “D”, or “F” on customer engagement. Cone calls this a lost opportunity for most companies, as many more consumers would be more likely buy products and services and recommend companies with better engagement policies.
Consumers are also prepared to listen to companies willing to engage them, with a full 92% of respondents wanting more communication from brands. While this number sounds like an overwhelming endorsement for more brand communication, some other statistics bring to light the dichotomy of the situation:
- Skepticism – 87 percent of consumers believe the communication is one-sided — companies share the positive information about their efforts, but withhold the negative.
- Confusion – 67 percent of consumers are confused by the messages companies use to talk about their social and environmental commitments.
For a copy of the complete 2010 Cone Shared Responsibility Study fact sheet, please visit http://www.coneinc.com/research/.