SlideShare a Scribd company logo
1 of 22
Download to read offline
Sustainable
Marketing
November 21, 2022
Yağmur Can
21802404
GE-420 Midterm Project
Table of Contents
SECTION 1
Why this topic?
Background Information about
Marketing
Why Sustainability in Marketing
Matters?
Introduction & Background
Why Green Marketing?
Strategies
Greenwashing
Laws and Regulations
Green Marketing
Practices
LEGO
Samsung
ÜNSPED Turkey
Suggestions
Practices & Suggestions
SECTION 2 SECTION 3
Introduction &
Background
SECTION 1
Introduction
the scarcity of resources, social inequality, pollution, and
serious health issues caused by mass production and
exploitation of natural resources --> sustainability actions
1
sustainability actions in production, operation and
marketing activities...
2
3
81% of CEOs affirm that they are already developing
new sustainable products and services.
4 Marketing, consumption and sustainability? : the
possible dilemma
*2021 Report of United Nations Global Compact
5 Sustainable
Development
Goals out of 17
the main goal of marketing strategy: creating a competitive advantage
Concepts of marketing - 3 Cs: customers, companies, and competitors.
First, the emphasis on production, product, and selling concepts,
Then, in the middle of the 20th century - focus on a customer-centric approach
creating, communicating, and delivering superior value to the target customers
the concept of "societal marketing,": integrating moral and social issues
Now, it is time to implement sustainability criteria into marketing.
Background Information
Why Sustainability in
Marketing Matters?
different brand communication = priority on
relationship marketing
increased environmental protection awareness =
businesses looking to benefit from sustainable
marketing strategies
green marketing is gaining popularity gradually.
how to meet consumers' demands and expectations on
sustainability
considerations for people, profit, and the planet
Green Marketing
SECTION 2
Green Marketing
it can help them achieve their goals,
moral obligation to be socially responsible,
the pressure of government and society,
competitors' environmental activities putting
pressure to change their marketing strategies,
costs associated with waste
•does not have a single definition: ecological, environmental,
or sustainable marketing...
•Companies use green marketing because:
Green Marketing – 2
reduce costs
increase profit
competitive advantage through
differentiation
business development
brand enhancement & reputation building &
improved consumer understanding of the
business
•An internal and external opportunity for
businesses:
Strategies: Green Marketing Mix
1
2
3
4
responsible packaging,
e.g. Doğadan
recyclable materials and types of ingredients
reframing the product life cycle
renewable energy
innovative product development.
cruelty-free and fairtrade
GREEN PRODUCT
location where a product is available to the
consumers
how it is delivered to that location.
logistics are managed to reduce gas
emissions from transportation
lowering the carbon footprint and the
negative effects on the environment.
e.g. e-commerce and sustainability in logistics,
Trendyol's discount offer
GREEN PLACE
GREEN PRICING
promoting environmental
sponsorships
concrete environmental
actions
public discourse regarding
eco-friendly products and
services.
GREEN PROMOTION
green products are typically
more expensive
Companies and producers
might reconsider their pricing
strategies
Greenwashing
deceiving consumers that their products, aims, and policies are
environment-friendly.
a fine line between greenwashing and green marketing
if an organization does green marketing and fails to live up to
sustainable business practices standards - greenwashing
taking advantage of green marketing labels such as “eco-
friendly,” “organic,” “natural,” and “green”
Green marketing - a moral obligation, more environmentally and
socially responsible.
but failure to back these labels up - greenwashing
Use of ambiguous words - "all-natural", "eco-
friendly"
Lack of transparency and proof
Utilizing suggestive photos - images that
suggest a green impression
Irrelevant claims - one green attribute
although the rest is not sustainable
Fabricated claims or data - reports
Green products vs. dirty company - producing
green products but yet the factories pollute the
environment
Greenwashing Activities
Precautions: Laws & Regulations
rules and principles when
formulating public statements
about sustainability
false environmental marketing
claims and labeling regulations for
specific types of products or
claims.
only 18% of CEOs claim that the
law and regulations have a clear
structure for companies*
*2021 report of UN Global Compact and Accenture -The Decade to Deliver
Federal Trade Commission (FDC) Act forbids "unfair or
deceptive acts or practices" **
policies:
claims in commercials,
product packaging,
sustainability reporting in the US.
a reasonable foundation for sustainability claims in ads
clear information about which marketing claims apply to a
product, packaging, or service.
16th of Code of Federal Regulations:
claims that a product is "sustainable" or "environmentally
friendly" are likely to be misleading
Sept 2019: Truly Organic Inc. paid a $1.76 million fee to resolve an
FTC case.
**Covington Sustainability Toolkit - Sustainability Marketing Claim Regulation
In the US
Meanwhile in Turkey...
"Environmental Law" - Çevre Kanunu
"sustainability": mentioned as a term
2022: the Capital Markets Board's new requirement:
Public Disclosure Platform (In Turkish: Kamuyu
Aydınlatma Platformu, KAP) sustainability
statements with a specific template
transparency
However, no legal framework for deceptive marketing
activities
Practices and
Suggestions
SECTION 3
Example #1:
The LEGO Group
toys = plastic bricks
more than toy production company: environmental
issues, equality and human rights
impacting children, creativity and learning
"role model"
Partnerships:
with the World Wildlife Fund in 2013
1st toy company to join the WWF Climate Savers
Program, (reduce energy by 10% when producing. )
building a wind farm to generate renewable energy for
the production of bricks.
huge windmill made of their bricks (Guinness
Record)
greenwashing?
2030: sustainable alternatives of raw materials and
packaging
CSR = Corporate Social Responsibility
a YouTube channel called “Samsung CSR”
partnered with the Korea International Volunteer
Organization
safe and low-cost solar-powered lanterns in areas
lacking electricity in Ethiopia.
the story of an Ethiopian girl named Aster
with the light -> youth helping their families by making
more baskets and saving money
emotional value -> contribution to brand image
Example #2:
Samsung CSR
Example #3:
ÜNSPED
Turkish Customs Consultancy Company
a member of UN Global Compact
too much paper wasted in the customs business.
digitalization process (e.g. e-bills)
discouraging customers from using paper bills (via extra fee)
sustainability activities are framed by the “Green Customs Initiative”
social responsibility projects :
healthy development and sports habits of children
a sports club was established in a school, financial aids
CSR committees within the company for the projects
Blockchain -- gathered a R&D team
lack of proper regulations + bureaucratic support
Problems and Solutions
1 4
2 5
3 6
ÜNSPED
transparent reporting
detailed goals (e.g. year)
more framed plans
sustainability consultancy
Suggestions
COMMUNICATION WITH
CONSUMERS
educating the consumers:
seminars, schools, etc.
marketing campaigns
COLLABORATIVE WORK
partnerships with different
sectors
faster change
TRANSPARENCY
reporting
claims in campaigns
GREEN PRICING
inflation
short-term thinking when purchasing
encouragement through keeping the
price similar to conventional products
LAWS AND REGULATIONS
More sustainability laws in
Turkey
laws and regulations about
green-washing
THANK YOU!
Title of the Report | Date of the Report
References
Borsa İstanbul A.Ş. (n.d.). Retrieved November 3, 2022, from https://www.borsaistanbul.com/tr/duyuru/3175/spk-surdurulebilirlik-ilkeleri-
uyum-cercevesini-yayinladi
Çevre Kanunu, Resmî Gazete 7981 (11 Ağustos 1983), Kanun No. 2872, 499.
https://www.mevzuat.gov.tr/anasayfa/MevzuatFihristDetayIframe?MevzuatTur=1&MevzuatNo=2872&MevzuatTertip=5
Greenwashing vs. Green Marketing: Protect Environmental. Protect Environmental |. Retrieved November 21, 2022, from
https://www.protectusa.net/greenwashing/
Kumar, V., Rahman, Z., Kazmi, A. A., & Goyal, P. (2012). Evolution of sustainability as marketing strategy: Beginning of new era. Procedia - Social
and Behavioral Sciences, 37, 482–489. https://doi.org/10.1016/j.sbspro.2012.03.313
Nogueıra, S. (2020). THE IMPORTANCE OF A GREEN MARKETING STRATEGY IN BRAND COMMUNICATION - M. COUTINHO MULTI-BRAND
CAR DEALER CASE IN NORTHERN PORTUGAL . Economics Business and Organization Research, Proceedings of The Third Economics,
Business And Organization Research (EBOR) Conference , 351-373 . Retrieved from https://dergipark.org.tr/en/pub/ebor/issue/58610/848975
NTV. (2022, June 28). Borsa şirketlerine sürdürülebilirlik zorunluluğu. ntv.com.tr. Retrieved November 3, 2022, from
https://www.ntv.com.tr/ekonomi/borsa-sirketlerine-surdurulebilirlik-zorunlulugu,fcIm0mz0IUCuyzuu1s3rKA
Our Lego Responsibility: Protect the Planet for Future Generations. (2018). YouTube. Retrieved November 3, 2022, from
https://www.youtube.com/watch?v=QkH13mO0uog.
Samsung Corporate Social Responsibility: Bringing Light to Ethiopia Improves Life for Youth. (2013). YouTube. Retrieved November 3, 2022,
from https://www.youtube.com/watch?v=gt-ga9hdZ0w.
Sustainability Toolkit - Sustainability Marketing Claim Regulation. (n.d.). Retrieved November 3, 2022, from
https://www.cov.com/-/media/files/corporate/sustainability-toolkit/sustainability-toolkit--marketing-claims.pdf
The decade to deliver - accenture. (n.d.). Retrieved November 3, 2022, from https://www.accenture.com/_acnmedia/pdf-109/accenture-
ungc-ceo-study.pdf%20-%20zoom=50
The Lego Group. Wikipedia. (2022, October 26). Retrieved November 3, 2022, from https://en.wikipedia.org/wiki/The_Lego_Group

More Related Content

Similar to GE 420 Presentation

49659549 green-marketing
49659549 green-marketing49659549 green-marketing
49659549 green-marketingjupinder_kaur
 
Green marketing
Green marketing Green marketing
Green marketing ravneetubs
 
Your creative & sustainability integrating brand, direct, and green power
Your creative & sustainability integrating brand, direct, and green powerYour creative & sustainability integrating brand, direct, and green power
Your creative & sustainability integrating brand, direct, and green powerVivastream
 
Your Creative & Sustainability: Integrating Brand, Direct, and Green Power
Your Creative & Sustainability: Integrating Brand, Direct, and Green PowerYour Creative & Sustainability: Integrating Brand, Direct, and Green Power
Your Creative & Sustainability: Integrating Brand, Direct, and Green PowerVivastream
 
Green Strategy Presentation
Green Strategy   PresentationGreen Strategy   Presentation
Green Strategy PresentationSabrina_08
 
Integrating Green Marketing Communications Avinash Mantri
Integrating Green Marketing Communications  Avinash MantriIntegrating Green Marketing Communications  Avinash Mantri
Integrating Green Marketing Communications Avinash Mantrinashhman
 
Green marketing final
 Green marketing final Green marketing final
Green marketing finalRamdas Nadar
 
ETHICAL AND SUSTAINABLE SOURCING
ETHICAL AND SUSTAINABLE SOURCINGETHICAL AND SUSTAINABLE SOURCING
ETHICAL AND SUSTAINABLE SOURCINGFaHaD .H. NooR
 
Green marketing sujith
Green marketing sujithGreen marketing sujith
Green marketing sujithSujith Prasad
 
Green marketing a marketing practice with e-marketing
Green marketing  a marketing practice with e-marketingGreen marketing  a marketing practice with e-marketing
Green marketing a marketing practice with e-marketingKoushik Dutta
 

Similar to GE 420 Presentation (20)

Green Marketing
Green MarketingGreen Marketing
Green Marketing
 
Green marketing
Green marketingGreen marketing
Green marketing
 
49659549 green-marketing
49659549 green-marketing49659549 green-marketing
49659549 green-marketing
 
Green marketing
Green marketing Green marketing
Green marketing
 
Green marketing
Green marketingGreen marketing
Green marketing
 
Green marketing
Green marketingGreen marketing
Green marketing
 
Sustainable E-Commerce
Sustainable E-Commerce Sustainable E-Commerce
Sustainable E-Commerce
 
Your creative & sustainability integrating brand, direct, and green power
Your creative & sustainability integrating brand, direct, and green powerYour creative & sustainability integrating brand, direct, and green power
Your creative & sustainability integrating brand, direct, and green power
 
Your Creative & Sustainability: Integrating Brand, Direct, and Green Power
Your Creative & Sustainability: Integrating Brand, Direct, and Green PowerYour Creative & Sustainability: Integrating Brand, Direct, and Green Power
Your Creative & Sustainability: Integrating Brand, Direct, and Green Power
 
Green Strategy Presentation
Green Strategy   PresentationGreen Strategy   Presentation
Green Strategy Presentation
 
Green Marketing Essay
Green Marketing EssayGreen Marketing Essay
Green Marketing Essay
 
Integrating Green Marketing Communications Avinash Mantri
Integrating Green Marketing Communications  Avinash MantriIntegrating Green Marketing Communications  Avinash Mantri
Integrating Green Marketing Communications Avinash Mantri
 
Make In INDIA
Make In INDIAMake In INDIA
Make In INDIA
 
white_paper_Sustainability
white_paper_Sustainabilitywhite_paper_Sustainability
white_paper_Sustainability
 
Green marketing final
 Green marketing final Green marketing final
Green marketing final
 
Green marketing
Green marketingGreen marketing
Green marketing
 
ETHICAL AND SUSTAINABLE SOURCING
ETHICAL AND SUSTAINABLE SOURCINGETHICAL AND SUSTAINABLE SOURCING
ETHICAL AND SUSTAINABLE SOURCING
 
Green marketing sujith
Green marketing sujithGreen marketing sujith
Green marketing sujith
 
Green marketing a marketing practice with e-marketing
Green marketing  a marketing practice with e-marketingGreen marketing  a marketing practice with e-marketing
Green marketing a marketing practice with e-marketing
 
Greenmarketing
Greenmarketing Greenmarketing
Greenmarketing
 

Recently uploaded

BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBalmerLawrie
 
Cost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surgesCost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surgesPushON Ltd
 
pptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptxpptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptxarsathsahil
 
Avoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG complianceAvoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG complianceDamien ROBERT
 
Branding strategies of new company .pptx
Branding strategies of new company .pptxBranding strategies of new company .pptx
Branding strategies of new company .pptxVikasTiwari846641
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...aditipandeya
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!dstvtechnician
 
Social Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa
 
9654467111 Call Girls In Mahipalpur Women Seeking Men
9654467111 Call Girls In Mahipalpur Women Seeking Men9654467111 Call Girls In Mahipalpur Women Seeking Men
9654467111 Call Girls In Mahipalpur Women Seeking MenSapana Sha
 
Uncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 ReportsUncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 ReportsVWO
 
Moving beyond multi-touch attribution - DigiMarCon CanWest 2024
Moving beyond multi-touch attribution - DigiMarCon CanWest 2024Moving beyond multi-touch attribution - DigiMarCon CanWest 2024
Moving beyond multi-touch attribution - DigiMarCon CanWest 2024Richard Ingilby
 
Beyond Resumes_ How Volunteering Shapes Career Trajectories by Kent Kubie
Beyond Resumes_ How Volunteering Shapes Career Trajectories by Kent KubieBeyond Resumes_ How Volunteering Shapes Career Trajectories by Kent Kubie
Beyond Resumes_ How Volunteering Shapes Career Trajectories by Kent KubieKent Kubie
 
CALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service Online
CALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service OnlineCALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service Online
CALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service Onlineanilsa9823
 
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...Search Engine Journal
 
April 2024 - VBOUT Partners Meeting Group
April 2024 - VBOUT Partners Meeting GroupApril 2024 - VBOUT Partners Meeting Group
April 2024 - VBOUT Partners Meeting GroupVbout.com
 
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessBrighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessVarn
 
TOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdf
TOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdfTOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdf
TOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdfasiyahanif9977
 
Situation Analysis | Management Company.
Situation Analysis | Management Company.Situation Analysis | Management Company.
Situation Analysis | Management Company.DanielaQuiroz63
 

Recently uploaded (20)

BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
 
Cost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surgesCost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surges
 
pptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptxpptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptx
 
Avoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG complianceAvoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG compliance
 
Branding strategies of new company .pptx
Branding strategies of new company .pptxBranding strategies of new company .pptx
Branding strategies of new company .pptx
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!
 
Social Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdf
 
9654467111 Call Girls In Mahipalpur Women Seeking Men
9654467111 Call Girls In Mahipalpur Women Seeking Men9654467111 Call Girls In Mahipalpur Women Seeking Men
9654467111 Call Girls In Mahipalpur Women Seeking Men
 
Uncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 ReportsUncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 Reports
 
Moving beyond multi-touch attribution - DigiMarCon CanWest 2024
Moving beyond multi-touch attribution - DigiMarCon CanWest 2024Moving beyond multi-touch attribution - DigiMarCon CanWest 2024
Moving beyond multi-touch attribution - DigiMarCon CanWest 2024
 
Beyond Resumes_ How Volunteering Shapes Career Trajectories by Kent Kubie
Beyond Resumes_ How Volunteering Shapes Career Trajectories by Kent KubieBeyond Resumes_ How Volunteering Shapes Career Trajectories by Kent Kubie
Beyond Resumes_ How Volunteering Shapes Career Trajectories by Kent Kubie
 
CALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service Online
CALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service OnlineCALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service Online
CALL ON ➥8923113531 🔝Call Girls Hazratganj Lucknow best sexual service Online
 
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting GroupSEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
 
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
 
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
 
April 2024 - VBOUT Partners Meeting Group
April 2024 - VBOUT Partners Meeting GroupApril 2024 - VBOUT Partners Meeting Group
April 2024 - VBOUT Partners Meeting Group
 
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessBrighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
 
TOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdf
TOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdfTOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdf
TOP DUBAI AGENCY OFFERS EXPERT DIGITAL MARKETING SERVICES.pdf
 
Situation Analysis | Management Company.
Situation Analysis | Management Company.Situation Analysis | Management Company.
Situation Analysis | Management Company.
 

GE 420 Presentation

  • 1. Sustainable Marketing November 21, 2022 Yağmur Can 21802404 GE-420 Midterm Project
  • 2. Table of Contents SECTION 1 Why this topic? Background Information about Marketing Why Sustainability in Marketing Matters? Introduction & Background Why Green Marketing? Strategies Greenwashing Laws and Regulations Green Marketing Practices LEGO Samsung ÜNSPED Turkey Suggestions Practices & Suggestions SECTION 2 SECTION 3
  • 4. Introduction the scarcity of resources, social inequality, pollution, and serious health issues caused by mass production and exploitation of natural resources --> sustainability actions 1 sustainability actions in production, operation and marketing activities... 2 3 81% of CEOs affirm that they are already developing new sustainable products and services. 4 Marketing, consumption and sustainability? : the possible dilemma *2021 Report of United Nations Global Compact
  • 6. the main goal of marketing strategy: creating a competitive advantage Concepts of marketing - 3 Cs: customers, companies, and competitors. First, the emphasis on production, product, and selling concepts, Then, in the middle of the 20th century - focus on a customer-centric approach creating, communicating, and delivering superior value to the target customers the concept of "societal marketing,": integrating moral and social issues Now, it is time to implement sustainability criteria into marketing. Background Information
  • 7. Why Sustainability in Marketing Matters? different brand communication = priority on relationship marketing increased environmental protection awareness = businesses looking to benefit from sustainable marketing strategies green marketing is gaining popularity gradually. how to meet consumers' demands and expectations on sustainability considerations for people, profit, and the planet
  • 9. Green Marketing it can help them achieve their goals, moral obligation to be socially responsible, the pressure of government and society, competitors' environmental activities putting pressure to change their marketing strategies, costs associated with waste •does not have a single definition: ecological, environmental, or sustainable marketing... •Companies use green marketing because:
  • 10. Green Marketing – 2 reduce costs increase profit competitive advantage through differentiation business development brand enhancement & reputation building & improved consumer understanding of the business •An internal and external opportunity for businesses:
  • 11. Strategies: Green Marketing Mix 1 2 3 4 responsible packaging, e.g. Doğadan recyclable materials and types of ingredients reframing the product life cycle renewable energy innovative product development. cruelty-free and fairtrade GREEN PRODUCT location where a product is available to the consumers how it is delivered to that location. logistics are managed to reduce gas emissions from transportation lowering the carbon footprint and the negative effects on the environment. e.g. e-commerce and sustainability in logistics, Trendyol's discount offer GREEN PLACE GREEN PRICING promoting environmental sponsorships concrete environmental actions public discourse regarding eco-friendly products and services. GREEN PROMOTION green products are typically more expensive Companies and producers might reconsider their pricing strategies
  • 12. Greenwashing deceiving consumers that their products, aims, and policies are environment-friendly. a fine line between greenwashing and green marketing if an organization does green marketing and fails to live up to sustainable business practices standards - greenwashing taking advantage of green marketing labels such as “eco- friendly,” “organic,” “natural,” and “green” Green marketing - a moral obligation, more environmentally and socially responsible. but failure to back these labels up - greenwashing
  • 13. Use of ambiguous words - "all-natural", "eco- friendly" Lack of transparency and proof Utilizing suggestive photos - images that suggest a green impression Irrelevant claims - one green attribute although the rest is not sustainable Fabricated claims or data - reports Green products vs. dirty company - producing green products but yet the factories pollute the environment Greenwashing Activities
  • 14. Precautions: Laws & Regulations rules and principles when formulating public statements about sustainability false environmental marketing claims and labeling regulations for specific types of products or claims. only 18% of CEOs claim that the law and regulations have a clear structure for companies* *2021 report of UN Global Compact and Accenture -The Decade to Deliver Federal Trade Commission (FDC) Act forbids "unfair or deceptive acts or practices" ** policies: claims in commercials, product packaging, sustainability reporting in the US. a reasonable foundation for sustainability claims in ads clear information about which marketing claims apply to a product, packaging, or service. 16th of Code of Federal Regulations: claims that a product is "sustainable" or "environmentally friendly" are likely to be misleading Sept 2019: Truly Organic Inc. paid a $1.76 million fee to resolve an FTC case. **Covington Sustainability Toolkit - Sustainability Marketing Claim Regulation In the US
  • 15. Meanwhile in Turkey... "Environmental Law" - Çevre Kanunu "sustainability": mentioned as a term 2022: the Capital Markets Board's new requirement: Public Disclosure Platform (In Turkish: Kamuyu Aydınlatma Platformu, KAP) sustainability statements with a specific template transparency However, no legal framework for deceptive marketing activities
  • 17. Example #1: The LEGO Group toys = plastic bricks more than toy production company: environmental issues, equality and human rights impacting children, creativity and learning "role model" Partnerships: with the World Wildlife Fund in 2013 1st toy company to join the WWF Climate Savers Program, (reduce energy by 10% when producing. ) building a wind farm to generate renewable energy for the production of bricks. huge windmill made of their bricks (Guinness Record) greenwashing? 2030: sustainable alternatives of raw materials and packaging
  • 18. CSR = Corporate Social Responsibility a YouTube channel called “Samsung CSR” partnered with the Korea International Volunteer Organization safe and low-cost solar-powered lanterns in areas lacking electricity in Ethiopia. the story of an Ethiopian girl named Aster with the light -> youth helping their families by making more baskets and saving money emotional value -> contribution to brand image Example #2: Samsung CSR
  • 19. Example #3: ÜNSPED Turkish Customs Consultancy Company a member of UN Global Compact too much paper wasted in the customs business. digitalization process (e.g. e-bills) discouraging customers from using paper bills (via extra fee) sustainability activities are framed by the “Green Customs Initiative” social responsibility projects : healthy development and sports habits of children a sports club was established in a school, financial aids CSR committees within the company for the projects Blockchain -- gathered a R&D team lack of proper regulations + bureaucratic support Problems and Solutions
  • 20. 1 4 2 5 3 6 ÜNSPED transparent reporting detailed goals (e.g. year) more framed plans sustainability consultancy Suggestions COMMUNICATION WITH CONSUMERS educating the consumers: seminars, schools, etc. marketing campaigns COLLABORATIVE WORK partnerships with different sectors faster change TRANSPARENCY reporting claims in campaigns GREEN PRICING inflation short-term thinking when purchasing encouragement through keeping the price similar to conventional products LAWS AND REGULATIONS More sustainability laws in Turkey laws and regulations about green-washing
  • 21. THANK YOU! Title of the Report | Date of the Report
  • 22. References Borsa İstanbul A.Ş. (n.d.). Retrieved November 3, 2022, from https://www.borsaistanbul.com/tr/duyuru/3175/spk-surdurulebilirlik-ilkeleri- uyum-cercevesini-yayinladi Çevre Kanunu, Resmî Gazete 7981 (11 Ağustos 1983), Kanun No. 2872, 499. https://www.mevzuat.gov.tr/anasayfa/MevzuatFihristDetayIframe?MevzuatTur=1&MevzuatNo=2872&MevzuatTertip=5 Greenwashing vs. Green Marketing: Protect Environmental. Protect Environmental |. Retrieved November 21, 2022, from https://www.protectusa.net/greenwashing/ Kumar, V., Rahman, Z., Kazmi, A. A., & Goyal, P. (2012). Evolution of sustainability as marketing strategy: Beginning of new era. Procedia - Social and Behavioral Sciences, 37, 482–489. https://doi.org/10.1016/j.sbspro.2012.03.313 Nogueıra, S. (2020). THE IMPORTANCE OF A GREEN MARKETING STRATEGY IN BRAND COMMUNICATION - M. COUTINHO MULTI-BRAND CAR DEALER CASE IN NORTHERN PORTUGAL . Economics Business and Organization Research, Proceedings of The Third Economics, Business And Organization Research (EBOR) Conference , 351-373 . Retrieved from https://dergipark.org.tr/en/pub/ebor/issue/58610/848975 NTV. (2022, June 28). Borsa şirketlerine sürdürülebilirlik zorunluluğu. ntv.com.tr. Retrieved November 3, 2022, from https://www.ntv.com.tr/ekonomi/borsa-sirketlerine-surdurulebilirlik-zorunlulugu,fcIm0mz0IUCuyzuu1s3rKA Our Lego Responsibility: Protect the Planet for Future Generations. (2018). YouTube. Retrieved November 3, 2022, from https://www.youtube.com/watch?v=QkH13mO0uog. Samsung Corporate Social Responsibility: Bringing Light to Ethiopia Improves Life for Youth. (2013). YouTube. Retrieved November 3, 2022, from https://www.youtube.com/watch?v=gt-ga9hdZ0w. Sustainability Toolkit - Sustainability Marketing Claim Regulation. (n.d.). Retrieved November 3, 2022, from https://www.cov.com/-/media/files/corporate/sustainability-toolkit/sustainability-toolkit--marketing-claims.pdf The decade to deliver - accenture. (n.d.). Retrieved November 3, 2022, from https://www.accenture.com/_acnmedia/pdf-109/accenture- ungc-ceo-study.pdf%20-%20zoom=50 The Lego Group. Wikipedia. (2022, October 26). Retrieved November 3, 2022, from https://en.wikipedia.org/wiki/The_Lego_Group