CE Industry’s Green Efforts Are in Trouble
Retrevo Announces First Part of Gadgetology™ Study That Finds Mistrust, Lack of Education and Price Hindering Use and Purchases of Environmentally-Friendly Consumer Electronics Products
SUNNYVALE, Calif.--(BUSINESS WIRE)--Contrary to reports about great strides the consumer electronics industry is making toward becoming more environmentally friendly, a recent study by Retrevo®, the first matchmaker for people and electronics, reveals mistrust, lack of education and high prices are hindering the CE industry’s green efforts.
“Even though a majority of consumers understand the importance of conserving energy and not polluting landfills, manufacturers and retailers aren’t succeeding in demonstrating the real-life value of green products”
The study, finds that while 75% of consumers claim that buying energy efficient products is important to them, less than half have actually bought a “green” electronics product before. Moreover, 35% of respondents said they would be unwilling to pay any premium whatsoever for green products, despite the documented effects these products have on lowering energy bills. These results suggest that manufacturers and retailers need to better communicate the importance of buying green or else they will have to be more aggressive with pricing.
Another impediment to buying green is skepticism consumers have about the validity of the green label. Forty percent of respondents felt that manufacturers and retailers use the term incongruously, capitalizing on the trend while not actually creating or selling energy efficient products; only 13% of respondents trusted green claims. Manufacturers will need to be more consistent in their claims and work hard to overcome consumers’ skepticism about energy ratings.
“Even though a majority of consumers understand the importance of conserving energy and not polluting landfills, manufacturers and retailers aren’t succeeding in demonstrating the real-life value of green products,” said Vipin Jain, CEO of Retrevo.
The good news is that many people say they dispose of electronics products in an environmentally conscious manner. Approximately 33% said they give them to charity; 20% said they take them to a recycling center; and 17% said they sell them. Only 12% said they throw old electronics in the trash.
Find details on the survey here.
Tips For Green Living
In anticipation of Earth Day, Retrevo has put together a list of twenty-two tips for living greener with gadgets available here.
Retrevo (www.retrevo.com) is the first matchmaker for people and electronics that makes finding, buying and using electronics products simple and enjoyable.