Ethical spending is worth Â£14bn - Co-op
Thursday 21 November 2002
Consumers spent £6.8bn on green goods last year such as fair trade coffee and organic food, up 19 per cent on the previous year, showing the power of the ecological pound. Including sales of ethical banking and investment products, the total value to the UK economy of ethical goods and services was £13.9bn.
The research, published yesterday by the Co-op Bank, was based on a basket of consumer goods including food, energy, charity shop purchases, subscriptions to charities and other household and personal items such as cosmetics.
Around £800m was spent on fair trade and free-range food and consumers shelled out a similar amount on organic food – up 33 per cent. Fair trade coffee and tea sales were up 17 per cent to £24.1m. Fair trade chocolate sales rose 69 per cent to £20.8m.
Eco-tourism, where holidaymakers choose resorts that do not have a damaging impact on the environment or local communities, is also seeing signs of growth. The fastest growing area was energy, particularly ecologically friendly fuel and light. Sales of energy-efficient products grew 133 per cent to £1bn.
"These figures give a clear indication of where people are spending their money and what ethical spending decisions they are making. Transport is becoming the next important ethical issue and whether people will buy cars that are labelled 'green'," the ethical policy manager at the Co-op Bank, Barry Clavin said.
Sales of the tablet are set to fall again, say analysts
Does Chris Grayling realise what a vague concept he is dealing with?
Met Police confirm it was a 'minor disturbance' and no-one was arrested
Concerns raised phenomenon is threatening resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
Eccentric Fury star, 28, reveals he is 'not a really confident actor'
Peter Biaksangzuala died from his injuries in hospital on Sunday
The X Factor's judges colourful outfit was mocked by Simon Cowell
Footage shot by a passerby shows moment an ill man was carried out of his burning home
- 1 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 2 Star Wars memorabilia called a 'bit of plastic' on Antiques Roadshow by Fiona Bruce valued at £50,000
- 3 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 4 Russell Brand might seem like a sexy revolutionary worth getting behind, but he will only fail his fans
- 5 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Sophia Loren: How I rejected Cary Grant and 'pulverised' Marlon Brando with my eyes
Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
'Russian submarine spotted' by Swedish military off coast of Stockholm
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Oscar Pistorius sentence: Athlete's wealth and notoriety provoke an overdue debate on South African prisons
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...