Scientific Center of Innovative Research, International Conference on Corporation Management-2024

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GREEN MARKETING: PROMOTING ENVIRONMENTALLY SUSTAINABLE PRODUCTS AND PRACTICES
Archana GR, Dr. CH Madhavi Latha


Abstract


In today's world, environmental concerns have become increasingly prominent, driving significant shifts in consumer behavior and business practices. As awareness of climate change, pollution, and resource depletion grows, consumers are seeking products and services that align with their values of sustainability and environmental responsibility. This shift in consumer mindset has given rise to a concept known as green marketing.

Green marketing, also referred to as environmental marketing or sustainable marketing, revolves around promoting products and services while emphasizing their positive environmental attributes. It entails integrating environmental considerations into all facets of marketing, from product development and production processes to distribution channels and communication strategies.

Green marketing helps companies adopt more sustainable business practices as it helps promote the environmental benefits of their products and services. Furthermore, green marketing can raise awareness among consumers about the importance of sustainability and the environmental impact of their purchasing decisions. It could encourage consumers to make more eco-friendly choices that could help reduce waste, pollution, and other negative impacts on the planet.

Green marketing helps raise awareness about environmental issues and encourages consumers to make more sustainable choices.

By promoting eco-friendly products and practices, companies can differentiate themselves from their competitors and appeal to consumers who are increasingly seeking out environmentally responsible products and services.

It can also help companies reduce their environmental impact by promoting products and practices with a lower carbon footprint or recycled materials.

Companies that are seen as environmentally responsible can benefit from increased customer loyalty and a positive brand reputation.

By embracing sustainable practices and promoting them through marketing campaigns, companies can help to drive positive change and contribute to a more sustainable future.

In conclusion, the evolution of green marketing has been greatly facilitated by technological advancements, which have streamlined sustainable practices for businesses. These innovations have not only made it easier but also more cost-effective for companies to adopt environmentally friendly measures. Consequently, green marketing has flourished, providing companies with a platform to showcase their eco-conscious initiatives to consumers.

Green marketing serves as a pivotal tool for modern businesses, serving multiple purposes. Firstly, it raises awareness about pressing environmental issues, fostering a deeper understanding among consumers about the importance of sustainability. Secondly, it encourages individuals to make more environmentally conscious choices by promoting products and practices that prioritize eco-friendliness. Lastly, green marketing enables companies to reduce their environmental footprint while contributing to a broader societal shift towards sustainability. This article examines the role and impact of green marketing in promoting environmentally sustainable products and practices amid rising global environmental concerns. Green marketing, or environmental marketing, involves the integration of environmental considerations into all aspects of marketing. This includes product development, production, distribution, and communication strategies that emphasize the environmental benefits of products and services. The study explores how green marketing not only aids companies in adopting sustainable business practices but also educates and influences consumers to make environmentally responsible purchasing decisions. By promoting eco-friendly products and sustainability, companies can differentiate themselves, enhance brand reputation, and build customer loyalty. Additionally, the article discusses how technological advancements have facilitated the adoption of sustainable practices, making green marketing both a strategic and cost-effective approach for businesses aiming to contribute to a sustainable future. Through green marketing, companies not only reduce their environmental footprint but also drive societal shifts towards sustainability, fulfilling multiple roles in the business ecosystem and the broader community.


Keywords


green marketing; environmental marketing; sustainable marketing; consumer behavior, environmental sustainability; eco-friendly products; corporate sustainability; environmental impact

References


  1. Fernando, Jason (2023) What Is Green Marketing? Definition, Example and How It Works URL: https://www.investopedia.com/terms/g/green-marketing.asp
  2. Yadav, R., & Pathak, G. S. (2013). Green marketing: Initiatives in the Indian context.
  3. Explore Green Marketing, Top Benefits, and Trends URL: https://www.shiksha.com/online-courses/articles/green-marketing/
  4. Sandeep Kumar Gupta et al. (2023). Competencies for the academy and market perspective: an approach to the un-sustainable development goals, International Journal of Experimental Research and Review, Vol 32, pp 70-88. https://doi.org/10.52756/ijerr.2023.v32.005

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