Consumers Worldwide Would Switch to Energy Providers That Help Reduce Greenhouse Gas Emissions, Accenture Study Finds



    Nearly nine out of 10 consumers worldwide said they would switch
    to energy providers that offer products and services that help reduce
    the level of greenhouse gas emissions, according to a study on climate
    change released today by Accenture (NYSE: ACN).

    The study, based on a survey of more than 7,500 consumers in 17
    countries in North America, Europe and Asia, found that 89 percent of
    all consumers surveyed would switch to energy providers that offer
    lower-carbon-emitting products and services.

    While respondents across the world are concerned about climate
    change and its impact, the concern appears to be greatest in
    emerging-market countries. Ninety-seven percent of consumers surveyed
    in Brazil, China and India said they are concerned about climate
    change, compared with 85 percent of all respondents, and 98 percent of
    respondents in those three emerging-market countries said they believe
    that climate change will directly affect their lives, compared with
    just 73 percent of respondents in Europe.

    Respondents in emerging-market countries are also the most aware
    of the level of effort required for their countries to achieve their
    targets for reducing greenhouse gas emissions. For instance, more than
    80 percent of emerging-market respondents said they avoid taking the
    car (82 percent, compared with an average of 68 percent for all other
    respondents) and avoid buying food imported by plane (82 percent,
    compared with an average of 63 percent for all other respondents).

    Nine out of 10 of all respondents said they would have a negative
    perception of any energy provider that is not taking concrete action
    to address climate change. Further, more than half (54 percent) said
    they would be willing to switch electricity and gas providers if their
    current provider didn't take action to address climate change, and 61
    percent said the same of their oil providers.

    In addition, nearly two-thirds (64 percent) of respondents said
    they would be willing to pay a higher price -- a premium of 11
    percent, on average -- for products and services that produce lower
    greenhouse gas emissions.

    "Accenture's research suggests that while the initial impact in
    business terms may be most evident on energy providers, it seems
    likely that this impact will increasingly spread to other resources
    companies either directly or as the impacts trickle through the supply
    chain from consumer-facing businesses," said Sander van 't Noordende,
    group chief executive of Accenture's Resources operating group. "From
    oil and gas companies to retailers to financial services companies to
    governments, no provider of products or services will be immune from
    consumers' scrutiny and action."

    The study found that individuals are taking the lead on climate
    change in response to deep concern over its effects on their everyday
    lives. The vast majority (85 percent) of respondents said they are
    either 'extremely' or 'somewhat' concerned about climate change, and
    81 percent said they believe it will directly affect their lives.

    While the majority (more than 80 percent) of consumers said they
    believe that climate change will have the greatest impact on weather
    and the ecosystem, three out of four (74 percent) said they believe it
    will also have a significant effect on people's health.

    "This seismic and rapid shift in the global consumer landscape
    presents major opportunities for companies who take the lead in
    addressing consumers' climate change concerns and values, giving them
    a competitive advantage and differentiation in the eyes of consumers,"
    said van 't Noordende.

    The study also shows that consumers are already acting on their
    concerns about climate change. Most survey respondents said they
    'frequently' recycle paper or plastic (71 percent of respondents),
    shut down electric devices when not in use (62 percent), turn down the
    heating or air-conditioning at home (61 percent), and use
    high-efficiency light bulbs (59 percent). More than one in three (41
    percent) said they regularly buy products containing recycled
    material.

    Methodology

    Accenture's Climate Change study is based on an online survey
    conducted with 7,526 consumers in 17 countries around the world to
    elicit opinions on climate change. Consumers were interviewed in North
    America (1,511 interviewees), Europe (3,512 interviewees), Japan and
    Australia (1,001 interviewees), as well as in the emerging-market
    countries of Brazil, China and India (1,502 interviewees). The sample
    was representative of the general population in the different
    countries except in the emerging-market countries, where a sample
    representative of each country's urban population was interviewed.

    About Accenture

    Accenture is a global management consulting, technology services
    and outsourcing company. Committed to delivering innovation, Accenture
    collaborates with its clients to help them become high-performance
    businesses and governments. With deep industry and business process
    expertise, broad global resources and a proven track record, Accenture
    can mobilize the right people, skills and technologies to help clients
    improve their performance. With approximately 170,000 people in 49
    countries, the company generated net revenues of US$19.70 billion for
    the fiscal year ended Aug. 31, 2007. Its home page is
    www.accenture.com.