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Brand Sustainability Benchmark Report - Food & Grocery Industry - US 2023

FMCG

Description

1 in 2 US consumers say they've changed F&G brands recently based on sustainability credentials.

Consumer behavior and expectations are changing. While quality, value and price still matter, consumers now want (and expect) those things without companies harming the planet, human beings or our communities.

This landmark report demonstrates how the leading brands are capturing hearts and minds, reveals the critical environmental, social and governance (ESG) areas F&G brands must address, and validates how sustainability supports brand growth.

It is for F&G brand CEOs, Insights Professionals, Sustainability Specialists and Marketers (and the agencies that service them).

The report provides answers to critical questions including:
– What is important to your customers in relation to ESG/sustainability issues?
– What is the scale of risk or opportunity for your brand based on ESG/sustainability perceptions?
– Which brands are winning and why?
– Where should you focus your ESG efforts and communications to impact consumer perception?
– What does your specific audience expect? And how does that differ from other demographic groups?
– Where should your brand communicate its ESG messages to maximize impact?

The report was produced by research technology company Glow with global information services company NIQ (NielsenIQ).

Research notes

The 50 page report is based on the opinions of over 33,000 respondents using a nationally representative sample of US consumers based on age, gender and geography to obtain their views on 165 food and grocery brands. Data was captured through Glow's unique Social Responsibility Score (SRS) methodology between April-December 2022.

Published by...

The SRS Metric: Simplifying Sustainability Measurement

This is where sustainability data captured using the SRS metric is published.

About SRS:
Achieving sustainability goals can be tough, especially when progress tracking is inconsistent. However, the SRS metric offers a solution by providing a universal perception metric. This can be used both within and across businesses to accurately measure the ROI of sustainability.

While corporate ESG ratings capture a business's actions and intentions, the Social Responsibility Score TM (SRS) measures the human response to those efforts. SRS is a straightforward and consistent metric that assesses how consumers, customers, employees, or investors perceive a brand's performance in environmental, social, and governance areas. It enables benchmarking across different brands, categories, markets, and time periods and has been proven to align with business outcomes.