BusinessMirror

Survey: Google, Nestle top sustainabl­e brands in PHL

- By Elijah Felice E. Rosales @alyasjah

Technology giant google, its subsidiary Youtube and multinatio­nal nestle were listed by Filipinos as brands they trust in terms of employing sustainabi­lity in their operations, according to a study.

a survey carried out by data firms Blackbox research and Dynata showed nearly all of Filipino buyers are willing to spend on brands that model adhere to sustainabi­lity standards in producing their goods and lending their services.

the survey reported 96 percent of Filipinos will put money on sustainabl­e products, making it an untapped opportunit­y for many firms. likewise, about 2 in every 5 said they think the private sector carries much of the load in driving sustainabi­lity in the consumer market.

however, only 29 percent said the government is living up to its responsibi­lity to put first issues on sustainabi­lity, which ranges from employment to environmen­tal factors.

the study also found that foreign brands are dominating the Philippine sustainabi­lity space. according to the sustainabi­lity index, google received a score of 1.47, followed by Youtube at 1.37 and nestle at 1.27, to lead the way.

Samsung and Shopee are among the only asian bands that rank above average with a score of 1.13 and 1.04, respective­ly.

Saurabh Sardana, chief operating officer at Blackbox research, said there is a strong opportunit­y for local brands that employ sustainabl­e methods to connect with consumers, especially as the Covid-19 pandemic has severely disrupted the country’s trajectory in achieving its sustainabi­lity goals.

Before the pandemic, the Philippine­s had attained progress in the implementa­tion of the United nations’ Sustainabl­e Developmen­t goals, through the Philippine Developmen­t Plan 2017-2022 and the 2030 Developmen­t agenda.

Poverty incidence fell to 16.6 percent in 2018, from 23.3 percent in 2015, and underemplo­yment and unemployme­nt rates hit all-time lows. however, the impact of the health crisis on economic sectors throughout last year has interrupte­d this momentum.

“the pandemic has highlighte­d a need to fast-track our efforts to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere. our research makes it clear that this has major economic implicatio­ns, given that Filipinos have demonstrat­ed a preference for brands that are sustainabl­e,” Sardana said.

“Business is leading the way for sustainabi­lity in the Philippine­s. While our study found global companies dominating the market in this respect, Blackbox research believes that progressiv­e Filipino brands can lead the way when it comes to pioneering sustainabl­e business that would help create a brighter future for all, while winning the hearts, minds, and spending power of consumers.”

Based on the survey, 39 percent of Filipinos said they will patronize businesses that provide an equal footing for their would be workers.

also, 35 percent claimed they support firms that promote fair and just trading system in between countries, and 32 percent said they are looking at brands that make use of responsibl­e consumptio­n and production methods.

as such, the survey concluded sustainabi­lity is not limited to environmen­tal concerns, and that issues of social justice are of equal factor to Filipinos.

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