Now more than ever before, consumers are taking their social responsibility seriously. This shift in behaviours and actions directly impacts businesses as people prefer to choose companies making changes for the better.
Initiatives like the Fair Trade scheme, for example, encourage companies to source materials sustainably and equitably. People want to know that the products they are buying are not coming via the exploitation of producers and workers in different countries.
Animal testing is another huge factor, especially in the cosmetics market, and there is a huge demand that companies operate responsibly.
One of the biggest changes though is the consumer demand that companies take action to decrease their impact on global warming.
The purpose of this article is to investigate the impact of global warming. Namely, how it impacts your business, the regulations in place to reduce the potential impact of industries (particularly the energy industry), the opportunities that will arise from the change in consumer behaviour and industry regulations, and what changes can be implemented.