Business Leaders and Consumers Want It – So Where’s The ESG Progress?

LONDON and BOSTON, Jan. 30, 2023 /PRNewswire/ — ESG and sustainability continue to remain top of mind for both business leaders and consumers. And survey research conducted by global strategy consultancy L.E.K. Consulting indicates both groups are committed to becoming more sustainable – and are willing to pay a price and make trade-offs for it. In fact, according to an L.E.K. Consulting survey of over 2,700 consumers in the UK, U.S. and Australia, more than half report they’re turning their backs on unsustainable products and services – while 55% report they may change brands due to ESG considerations and 56% said they’re willing to pay up to 40% more for sustainable products. And the hunger for sustainability is the same inside organizations. The majority of large companies around the world have made net-zero carbon emissions commitments, and 54% of executives say their companies should address ESG issues – even if doing so reduces short-term financial performance, according to an L.E.K. survey of 400 C-suite global leaders. But there’s also a large gap between the desire for progress and the capacity to make it happen, says John Goddard, Partner at L.E.K. Consulting and Vice Chair, Sustainability. "Unless the disconnect can […]

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