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More than 60 per cent of Canadians “show a willingness” to pay up to 20 per cent more for sustainable products, but 57 per cent say they don’t believe in most “green” or sustainable claims that brands make, according to a report by Deloitte LLP on June 22.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
A third of businesses that aren’t pursuing sustainable products said it’s because there’s a lack of consumer demand while almost a quarter said it’s not a priority. And more than 40 per cent said they’re at risk of a backlash if they pursue sustainability goals.