Wales Co-operative Centre

Canolfan Cydweithredol Cymru

Ethical consumers buck the recession

leave a comment »

Spending on products that carry a green or ethical label has grown by almost a fifth over the last two years, in spite of the recession, according to the latest report by Co–operative Financial Services.

Such goods include eco–friendly travel, food products such as Fairtrade, and other goods.

Beneath the totals, there have been some winners and losers. Fairtrade has enjoyed significant growth. Organic food has suffered.

Some of this can be explained by the increasing move of the Fairtrade label into the mainstream. For instance, over the period covered by the report, companies like Cadbury have introduced Fairtrade standards on mainstream products that are not sold to customers on the basis of the ethical link.

Whether the figures represent the rise of the ethical consumer, or the filtering of higher standards into the mainstream, is an open question.

Co–operative Financial Services seems to be in no doubt. Tim Franklin, the company’s chief operating officer, said: “This annual report clearly shows that the growth in ethical consumerism continues to outstrip the market as a whole. I have no doubt that this will come as a surprise to those commentators who thought ethical considerations would be the first casualty of an economic downturn.”

Source: Business Respect

The Wales Co-operative Centre offers help and support to businesses in Wales who would like to adopt a Fair Trade policy.

Written by C Kenzie

January 5, 2011 at 12:29 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: