The FMCG industry has topped the rankings of 31 business sectors in its commitment to social responsibility, according to a new study released today.
Online research platform Glow’s Social Responsibility study shows FMCG tops the rankings with a score of 26, closely followed by the arts, culture and music sector at 25, universities at 24, restaurants, cafes and bars at 21 and retailers, including supermarkets, at 19.
At the other extreme is the gambling and sports betting sector on -19, natural resource extraction at -8, and social media platforms like Facebook, at -1.
Glow is launching an FMCG Social & Environmental Responsibility Report to enable FMCG companies to compare their social and environmental performance against that of their rivals. The benchmarking of the sector against other industry groups helps set a broader context.
The first edition of the report found that consumers consider the most important sustainability issue for FMCG businesses to address is plastic waste and packaging – nominated by one in two respondents – followed by ethical sourcing.
Scores are calculated by asking consumers to rate how environmentally and socially responsible they consider a sector or brand to be.
Glow Founder and CEO Tim Clover said the report marks a milestone in the progress and development of the CSR/ESG agenda.
“Increasingly investors, employees, customers and consumers want to see businesses taking action on these important social and environmental issues. This report enables industries and brands to start to assess their own performance against issues that matter to their stakeholders.”