Ethical Consumer Markets Report 2021
Once again, ethical consumer spending and finance in the UK has grown from the previous year. There has been nearly a 24% increase from 2019 to 2020, with the size of the market now at £122bn.
The 2021 report finds that ethical consumer spending and finance in the UK in 2020 broke through the £100bn mark for the first time. It also finds that all sectors have seen growth, but the most significant growth has been in eco travel and transport, and green home spending such as green electricity tariffs and energy efficient appliances.
The report is produced in conjunction with the Co-op Group. Steve Murrells, CEO of the Co-op Group said:
"Our Ethical Consumerism Report is a barometer on consumer behaviour – and shoppers are turning up the heat by boycotting businesses which fail to act on ethical or social concerns. The report is a warning to brands that they must do business a better way for workers, communities and the planet. But it also offers clear evidence to policy-makers that they can positively influence change."