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Retailers need to prove their sustainability cred to grow sales

January 27, 2022

Through a special arrangement, presented here for discussion is a summary of a current article from the blog of Oliver Guy, Senior Director, Industry Solutions, Software AG.

Retailers in 2022 will need to prove their sustainability commitments and establish their environmental, social and governance (ESG) credentials or lose business.

Investors, partners and customers alike are putting pressure on retailers to be more sustainable — and will abandon them if they do not prove it. These market forces are more powerful than any government or environmental protest group could ever be: In fact, 73 percent of global consumers say they would change buying habits to reduce environmental impact, according to Bain & Co.

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