Professional Documents
Culture Documents
More Profits
Responsible organisations upgrade their facilities with energy
efficient technologies and this reduces operating costs and
liability while boosting profits.
Producing eco-efficient products creates less waste, uses fewer
raw materials, and saves energy too.
Competitive Advantage
Many marketers now know that being the first to the shelf with
an environmental innovation brings competitive advantage.
Companies such as Rayovac, German based Henkel, Philips
Lighting, Wellman, Inc. gained competitive advantage for
pioneering with environmentally conscious products.
Many of these leaders are being showered with any number of
eco-accolades now offered by industry, media, government, or
environmental groups.
Personal Rewards
Creating products that are more in sync with nature allows
companies to personally contribute to environmental clean-up
and helps ensure a more secure future for the young
generations to come. Green marketers are moving away from
mere product functionality/performance e.g. clothes will
become ‘white than white” or that their breath is “fresher than
fresh”.
The movement is now towards offering their consumers the
prospect of healthier, more fulfilled lives and the power to
make the world a better place by being eco-friendly.
REVENUE INCREASED- Consumers prefer every new and positive
concept, a successful product that fulfils consumer satisfaction will
definitely have an increase in sales and revenue.
Build brand value-A great green practices company will get a good
brand value in the heart of the consumers.
ECO-LABELING
Eco labelling is characterized as a tool for consumers to assist
the progress of making a decision to choose eco-friendly
product.
It also allows consumers to understand how the processes of
products are made.
Environmental labels can include merely the brand products or
a series of mixed Information
In modern day, there are relatively 30 various green label
schemes worldwide.
b) Eco-brand
c) Environmental advertisement
In order to improve green movements worldwide and raise
public attention to environmental problems, most
organizations engage in environmental advertisements
This is done through media or newspapers as green techniques
for introducing their products to environmentally responsible
consumers.
Green advertisement is one of the ways to influence
consumers’ purchasing behavior that will strongly encourage
consumers to buy products that are eco-friendly to our
environment.
Davis (1994) describes there are three elements in green
advertisement.
1)Firstly, the company will start a statement that is related to the
environment.
2)Secondly,the company will demonstrate its concern and
dedication to improve the environment by its changed procedure
from the green advertisement.
3) Thirdly, specific environmental actions in which the company is
involved will be promoted by green advertisement.
Green Packaging
It is an approach towards product packaging that considers full
environmental impact of the production and disposal of the
packaging material.
A sustainable package will generate less waste than
conventional packaging and will be manufactured from
materials that use as much recyclables material as possible
using least amount of energy.
ENVIRONMENTALISM
Is an organized movement of concerned citizens, businesses,
and government agencies designed to protect and improve
people’s current and future living environment.
Environmentalism is concerned with damage to the ecosystem
caused by global warming, resource depletion, toxic and solid
wastes, litter, the availability of fresh water, and other
problems.
Other issues include the loss of recreational areas and the
increase in health problems caused by bad air, polluted water,
and chemically treated food.
Environmental sustainability
A management approach that involves developing strategies
that both sustain the environment and produce profits for the
company.
For example, Elevation Burger has adopted the concept of
eating authentic and sustainably prepared food that’s good for
the consumers as well as the environment .
In Zimbabwe the Harare City Council has embarked on zero
litter campaign on effort to adopt sustainable practises since
June 2013 and with the help of Environment Management
Agency (EMA) have set a fine to be paid when one throws litter
not in bins
The Reserve Bank of Zimbabwe (RBZ) is driving to go green this
2020 whereby a sustainable bank maintains balance between
the need to make profits, on one hand, meeting environmental,
social and development issues on the other.