Trust is not an ethereal concept. Rather, it’s a currency of exchange in the sustainability economy. Consumers are likely to spend more when they can trust the brand and what it stands for, and if the brand has illustrated a commitment to real change.
The most important actions brands can use to engender trust include:
- Investing in producing products that are sustainable
- Committing to sustainability efforts over a long period of time
- Building a commitment to sustainability into their company’s values
These actions were much more important than donating or partnering with experts, other organizations, or influencers in the space.
Additionally, consumers tended to be wary of national/large brands, rating smaller, niche brands/companies as being more trusted. However, several of the “small brands” cited in the qualitative phase of the survey as being “trusted” were actually sub-brands of multi-nationals, signaling that perhaps nurturing an independent image for sub-brands could be a beneficial strategy for multi-nationals.