Showing posts with label Buying Decision. Show all posts
Showing posts with label Buying Decision. Show all posts

Green Shopping on Black Friday

American consumers love a good deal but that should also include a good deal for the environment. Although the environmental impact of all the Black Friday shopping is huge, there are many things that can be done to radically reduce this footprint while supporting greener offerings.

The Friday after Thanksgiving, has come to be known as Black Friday, a day that heralds the official beginning of the Christmas shopping season. However, it is also the start of the most environmentally destructive shopping period of the year.

Some may opt to make gifts, others may opt to avoid shopping altogether, but if you are going to shop, it is possible to make more environmentally aware choices. It is better to buy durable high quality, well-made items that are made using sustainably sourced materials and have very little or no packaging. Supporting companies that either make or sell eco-products and employ sustainable business practices is also a good way of advancing the green economy.

For the last few years, we have witnessed a positive trend in green shopping practices. According to a 2007 survey done by Conservation International, two out of five people would rather receive a "green" gift than a traditional one. Out of the 1,000 consumers surveyed by the group, women were more interested in going green, with 62% preferring to give and receive environmentally friendly goods. Seventeen percent of consumers surveyed say they will shop at retailers they perceive as greener. The same study also found that 44 percent of consumers are willing to pay extra for green gifts–between 10 and 25 percent more.

According to this study, 38 percent of consumers say they will use fewer plastic bags while 21 percent are planning on not wrapping holiday gifts to conserve paper. More than one-third of consumers saying they will shop more online and in catalogs this year in order to save on gas.

Another 2007 study indicated that nearly one in five consumers (18%) were planning to purchase more eco-friendly products this holiday season than in the past, and a similar number (17%) are willing to pay more for green gifts, according to Deloitte's annual survey of holiday spending and retail trends. About one-third of survey respondents also say they will use fewer plastic bags, and one in five will consider not wrapping holiday gifts to conserve paper.

These responses were consistent across gender, age, and income groups, indicating that environmental concerns have become more mainstream among consumers.

To be a more ecologically responsible shopper, look for products that are vetted by a reputable third-party government or non-profit certification program. When buying electronics make sure they have the Energy Star label, try to buy Organic, Fair Trade and Conflict Free products. When buying wood products or books look for the Forest Stewardship Council (FSC) label.

According to Greenbiz, "a number of groups, ranging from the federal government to nonprofits to research groups, are jumping on the Black Friday bandwagon telling shoppers in effect, if you have to shop, shop for green goods."

For comparative assessments of products see Climate Counts' ratings. The "Striding Shopper campaign" (also taking place on Facebook) highlights some of the greenest companies in their fields (see chart).

Consumers and businesses are increasingly seeing the wisdom of a more sustainable approach to commerce. By factoring environmental issues into their buying decison, many consumers are making a difference. The business community are responding to this burgeoning trend.

Traditional capitalism created a high standard of living for some, but a new economic philosophy is emerging. Some have called this social capitalism, and it is helping to reduce humankind's destructive impact on the earth.


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New Year's Resolutions for a More Sustainable World in 2010

The beginning of the new decade is a good time make a resolution for a more sustainable world. During the holidays we collectively generate mountains of waste. According to the California Integrated Waste Management Board and Recycle Works, the US alone purchases over 2.6 billion holiday cards each year. (enough to fill a football field 10 stories high). Between Thanksgiving and the New Year, Americans throw out an extra million tons of trash each week (a 25% increase). In addition, 38,000 miles of ribbon are discarded each year–enough to tie a bow around the Earth.

Powerful improvements can be made through relatively simple business innovations and consumer decisions. Each year, 50 million Christmas trees are purchased in the U.S. and about 30 million go to the landfill. During the average 15 year life span of a fake Christmas tree, a real tree user will put about 1/2 ton of waste into landfills. Fake trees are even more destructive to the environment as they are made with polyvinyl chloride (or PVC, otherwise known as vinyl), one of the most environmentally offensive forms of non-renewable, petroleum-derived plastic. Fake Christmas trees are also know to have several carcinogens, including dioxin, ethylene dichloride and vinyl chloride. Fake trees also contain lead and other additives that have been linked to liver, kidney, neurological and reproductive system damage.

The most eco-friendly way to enjoy a Christmas tree is to buy a live tree with its roots intact from a local grower. As reviewed in a recent New York Times article, Scott Martin, a landscape designer in California, has established a business that rents living Christmas trees to LA homes using biodiesel trucks. After the holidays, the trees are picked up and planted on industrial properties.

The beginning of the new year is a good time to make green resolutions. Here are several suggestions:

Inform yourself about sustainable business
Raise awareness about sustainable business
Lobby your legislators on behalf of the green economy
Get a green degree
Get a green job
Invest in sustainable stock
Start a sustainable business
Make your existing business more sustainable

Whatever you resolve to do, find a way to get involved in the green economy. As consumers we can resolve to make more informed, responsible buying decisions. As entrepreneurs and business owners, we can make our businesses more sustainable by resolving to adopt the triple bottom line of planet, people and profits.

Other green business resolutions include incorporating sustainable principles into your business decisions. Supplying environmentally friendly products or services that replace the demand for non green products or services. Being greener than traditional competition and making an enduring commitment to environmental principles. (for more specific information on sustainable business frameworks and guidelines see ISO14001).

You can also follow THE GREEN MARKET and get updated, topical information delivered to your inbox, as well as gain access to the wealth of resources and tools in the Green Link Library.

Whether you are a business owner, entrepreneur or consumer, everyone can make sustainable resolutions for 2010.
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