Is it Sustainability or Greenwashing? - Part I [Free Report]by Theodore Bechlivanis | 11-03-2020 06:58 |
---|
Every few weeks, social media networks get swamped with news of big-league corporations taking sustainability initiatives or millionaires donating sizable sums to organizations dedicated to protecting the environment. It can be anyone from fashion giants like Lacoste, who started a limited-supply line and donated the profits to endangered animal preservation funds, to companies like Amazon, who boast green shipping options and entire workforces dedicated to sustainability research. ¡°Boast¡± is a very apt choice of words here, because no matter how drastic those measures might seem, they are a marketing strategy, and the key to every good marketing strategy is great optics. What is greenwashing? The name of this strategy is greenwashing, and much like its sibling marketing strategy, pinkwashing, it¡¯s an attempt to entice a corporation¡¯s consumer base with ambiguous proof that they care for the same causes. According to Investopedia, ¡°greenwashing is the process of providing misleading information about how a company¡¯s products are more environmentally sound¡±. This is a rudimentary form of Corporate Social Responsibility (CSR), and at the same time a way to capitalize on the growing demand for green products and services. And it works! A study by Nielsen reveals that 66% of global consumers were willing to pay more for sustainable products in 2015. With more and more corporations hitching a ride on the growing sustainability trends, it¡¯s almost a given that these numbers have, and will continue to rise. What are some examples of greenwashing? According to entrepreneurship news site FEEDOUGH, there are five basic greenwashing techniques. Those include:
So many brands have been accused of greenwashing that it is next to impossible to keep track on your own. Fortunately, there are multiple resources you can consult before making an informed choice, some of which will be covered later on in this article. Here are some industries that heavily practice greenwashing: 1. Airlines. In a 2008 ad, EasyJet claimed that ¡°an EasyJet plane emitted 22% less CO2 than another plane on the same route.¡± This was swiftly debunked by the Advertising Standards Agency, which accused the airline of misrepresenting the fact that their airplanes can carry more passengers, and as such have a lower ratio of fuel used per person on board. This is a stellar example of misleading claims. What is unfortunate is that the year is 2020, and we¡¯re all still buying it. The circle of greenwashing goes somewhat like this: a corporate giant implements a half-baked sustainability strategy; they pay good money to have it posted all over our social media feeds; and then it¡¯s up to the residents of the web to circulate the news, adorning them with congratulatory clapping emojis and skewed eco-activist jargon in the process. Greenwashing is complicated, and there is often little to no information available. However, there are free resources you can use to make responsible decisions as a consumer. Those, along with some significant counterarguments, will be discussed in the next part of this article, so stay tuned! |