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Sunday, September 27th, 2020

Over Half Singaporeans Trust In ‘Recyclable’ Product Labels This Year

by October 18, 2019 Industry

KUALA LUMPUR, Over 50 per cent and 37 per cent of Singaporeans trust in ‘recyclable’ and ‘sustainably-produced’ product labels, respectively, according to Euromonitor International.

The global market research company shared the figure on its 2019 Lifestyles Survey.

Euromonitor International (Home and Garden Research) head, Erika Sirimanne said: In the future, sustainable lifestyles driven by concern about the environment will involve less meat, no plastic and bulk buying.

In fact, Singapore was ranked 63rd out of 97 markets in Euromonitor’s Environmental Sustainability Index, with energy and pollution pillars pulling the country’s score down.

More than 95 per cent of Singapore’s electricity output comes from fossil fuels. In Norway, it is closer to two per cent, she added.

There is potential for businesses to leverage renewable sources of energy. Solar power is the most viable for Singapore.

Euromonitor will share insights on how technological developments and sustainable lifestyles will change businesses at its first conference held in Singapore on Friday.

Source: NAM News Network