ESG. Consumers expect brands to be involved in ecology [REPORT]

The results of the latest study conducted by the French-Polish Chamber of Commerce show that companies are increasingly focusing on ESG areas, and as many as 84% of the surveyed enterprises actively undertake actions aimed at combating climate change.

ESG. Consumers expect brands to be involved in ecology [REPORT]
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Summary

  • The report by the French-Polish Chamber of Commerce, "CSR in practice - barometer of the French-Polish Chamber of Commerce", examines how companies manage environmental, social, and governance (ESG) issues. The report identifies the individuals responsible for these areas and analyzes the fields in which companies are most active.
  • The report includes new topics such as climate protection, the role of suppliers, and non-financial reporting.
  • A study by Havas Media Group, included in the report, surveyed 1087 adult Poles to understand how consumers perceive companies' social awareness.
  • The study found that a quarter of companies consider environmental criteria when selecting suppliers, and half plan to do so within two years. This trend is attributed to the implementation of the CSRD directive, which mandates non-financial data reporting.
  • Over 60% of adult Poles believe that brands should actively participate in combating climate change, and a third expect them to take action. Consumers identified improving energy efficiency, using renewable energy sources, and offering eco-friendly solutions as the most important challenges.
  • 67% of respondents believe it's important for brands to reduce their own carbon footprint.
  • Only a fifth of adult Poles would be willing to pay more for products from brands that take action in environmental protection and climate change mitigation. Over 45% would only buy such products if they were priced the same.

The report CSR in practice - barometer of the French-Polish Chamber of Commerce published by the French-Polish Chamber of Commerce presents for the eighth time the way in which companies manage issues related to ESG (environmental, social, governance). The study identifies the people responsible for these areas and analyzes in which fields companies undertake the most initiatives. This year's edition of the survey has been expanded with new issues. It includes climate protection, the role of suppliers and non-financial reporting. 

An important part of the report are the results of a study by Havas Media Group, conducted on a group of 1087 adult Poles. The aim was to observe how consumers perceive the social awareness of companies.

Role of suppliers 

The study indicates that one quarter of companies take environmental criteria into account when choosing suppliers, and within two years every second company plans to do so. This phenomenon is said to result from the implementation of the CSRD directive, which imposes the obligation to report non-financial data.

"The EU directive on sustainable development reporting (CSRD) will contribute to ESG being at the heart of companies' business strategies, which will certainly be a driver of rapid change. Let's remember that this directive imposes on company managers the obligation to analyze issues related to climate change, loss of biodiversity, human rights and, crucially, their links to the potential financial risks for these companies" - commented Izabela Rakuć-Kochaniak, CSR Director and President of the Board of the Veolia Poland Foundation.

Expectations towards brands 

The study also showed that over 60% of adult Poles believe that brands should actively participate in the fight against climate change, and one third expect them to take action in this direction. The most important challenges according to consumers are improving energy efficiency, using renewable energy sources and offering ecological solutions. In addition, 67% of respondents consider it important for brands to take action to reduce their own carbon footprint. 

"Although we expect a fight against climate change, as consumers we are still not ready to bear, at least partially, its costs. Only one fifth of adult Poles would be willing to pay more for products of brands that take action in the field of environmental protection and fight against climate change. Over 45% indicate that they would buy such products only if their price was the same" - says Anna Ostrowska, Insights Manager, Havas Media Network Poland.