New research from Cavill + Co and Di Marzio Research shows that despite the turmoil in the economy created by COVID, rising unemployment and lockdowns, consumers are demanding that the corporate sector increase their commitment to CSR.
The Conscious Consumer movement is finally mainstream, and something that companies cannot ignore.
The research report entitled ‘The Conscious Consumer Era Arrives.” is free to download below.
DOWNLOAD YOUR COPYA consumer that uses the power of their purchase to effect positive social change. They are now far more than just conscious – they’re warriors. Their weapons are their amplified voice and their wallet.
They’re demanding that corporates partner with non-profits to solve societal problems, and they’re voting at the checkout by buying those brands doing good, and boycotting those that are not.
The report, containing research conducted in September 2020 by Di Marzio Research, reveals a substantial increase in conscious consumerism. This manifests in changed behaviour including preferencing brands that have a good reputation for social responsibility and on the flipside, boycotting those that don’t. It shows beyond doubt that Australians do not expect government to fix societal problems – they want corporates to step up and do more.
The research exposes a deep sense of disappointment and distrust in corporates regarding their obligation to – and investment in – society. It signals to corporates that if they do not embrace their responsibility, consumers will walk away.
What does this mean for corporates? Whilst this year has forced many companies to adapt to the way they do business, this research confirms that companies must pivot to a new purpose. Australians want to see fundamental change in the way companies engage with – and support – society. It is time for companies to let go of the old way – purely financially driven capitalism – and fully embrace a Triple Bottom Line model of operation.
If you work within a charity, non profit or foundation, check out the Conscious Consumer Report written for you here
We took to the streets to gain further insight into why this movement has grown so rapidly. They were of course empty, so we gathered on Zoom. Watch what Baby Boomers, Gen X and Gen Y say about their conscious consumerism, the research results, and the effect of COVID-19.
Understanding research requires knowledge of the different generational groups and the events that shaped their attitudes and behaviour.
Download our free booklet ‘The Generations‘ for a deep dive into Gen X, Y, Z & Boomers, KIPPERS, PUMCINS & Millennials.
DOWNLOAD YOUR COPY
We do hope that the statistics and insights contained within this report provide you with the impetus to start a conversation about CSR & Social Good. Whilst investing in this area may seem counter-intuitive at the start of a recession, it’s essential. It can no longer be viewed as an optional feel-good strategy; it must be an integral part of doing business. At Cavill + Co, we can help you to get clear on what your focus should be, and we can partner you with a brilliant non-profit that will make your strategy a reality.
Our last e-book, called Talking the Walk®2, contains numerous statistics from around the globe on the conscious consumer movement, and is a good benchmark for our latest study. It also includes a new model for communicating CSR & Social Good, along with guidelines on the best way to communicate to resonate with Millennials. This e-book is now freely available to download.
DOWNLOAD TALKING THE WALK®2 E-BOOKIf you work with a charity, non profit or foundation, check out the Conscious Consumer report written for you here
© Copyright Cavill + Co 2016. Click here to read Privacy Commitment
