2. WHAT IS GREEN
MARKETING?
Green marketing is the marketing of products that are
presumed to be environmentally safe.
In simple terms it refers to the process of selling products /
services based on their environmental benefits.
The efforts by organizations to produce, promote, package,
and reclaim products in a manner that is sensitive or
responsive to ecological concerns
3. REASONS WHY FIRMS ARE ADOPTING GREEN
MARKETING:
Social Responsibility
Laws
Cost reduction
Satisfying the Customer needs.
4. Why do companies use it?
Growing concern worldwide about the environment
protection.
Research shows that consumers prefer and they are willing to
spend more money on products they perceive as
environmentally safe.
More than half of American consumers have purchased a
product because of a label that said it was environmentally
safe or biodegradable.
Manufacturer have recognized environmental concern as a
source of competitive advantage.
7. Macdonald’s have stopped packaging their burgers in
polystyrene containers and now use cardboards which
comes from a renewable resource and is biodegradable and
recyclable.
Pepsi creates world’s first plastic green bottle and it is
100% recyclable.
Unilever: International consumer goods giants and it
announced that they going to cut carbon emission in
manufacturing plants.
8. Examples Of Green Marketing In India
Digital Tickets by Indian Railways
No Polythene carry bags
Green IT Project: State Bank of India
Lead Free Paints from Kansai Nerolac
Wipro's Green Machines
9. Benefits of Green Marketing
Healthy and safe.
It saves money in the long run, though initially the cost is
more.
It helps in accessing the new markets and enjoying
competitive advantage.
Improved environmental quality & customer satisfaction
Gaining and retaining customers.
Innovation in products and operations.
It helps companies market their products and services
keeping the environment aspects in mind.
Most of the employees also feel proud and responsible to be
working for an environmentally responsible company.
10. Challenges of Green Marketing:
Green products require renewable and recyclable material,
which is costly.
Problems of misleading advertising and false claims.
Most customers choose to satisfy their personal needs before
caring for the environment.
Requires a technology, which requires huge investment in R
& D.
Majority of the people are not aware of green products and
their uses.
Majority of the consumers are not willing to pay a premium
for green products.
11. Practical Problems of Green Marketing
Green washing
When a company, government or other group promotes
green-based environmental initiatives but actually operates in a
way that is damaging to the environment or in an opposite
manner to the goal of the announced initiatives.
This can also include misleading customers about the
environmental benefits of a product through misleading
advertising and unsubstantiated claim.
Green washing, a term derived from the term whitewashing
12. Green washing: examples
Recently in a case, the California Attorney General filed a Suit
against Water bottle companies, that claims their bottles are
biodegradable and recyclable.
Ford Motor Company
Print ad read, "Green vehicles. Cleaner factories. It's the right
road for our company, and we're well underway."
But it only planned on producing 20,000 of its Hybrid SUVs per
year, while continuing to produce almost 80,000 F-series trucks per
month.
13. People choose satisfy their personal needs
than caring for environment.
Most of them see these are marketing
gimmicks.
Etc..