Sunday, April 20, 2008

The Corporatization of the Green Industry

In recent years, independent media as well as mass media and the Internet have all played key roles in raising awareness about climate change. Now, scientists from around the world have all reached a consensus that climate change is real and is most likely caused by human created greenhouse gases.

Since Al Gore's documentary film "An Inconvenient Truth," many people have decided to take action in their personal lives to help alleviate some of the problems that contribute to climate change. Progressive cities around the country and around the world have taken leadership roles to promote their commitment to sustainability to tackle climate change.

This ever "greening" world has most definitely spurred an interest in an emerging 'green' market. Consumers are buying non-toxic or natural cleaners, they are purchasing toilet paper made from 100% recycled material, they are buying hybrids, and organic food. An entire shift in consciousness has been made to a growing percentage of citizens that notice the importance of environmental awareness.

Almost as if the corporate world wouldn't notice, so called 'green' products and services have poured into the market to meet a growing demand of green consumers. Some of the products that have long been on the shelves of local health food stores, have now been making their way into corporate grocery stores like Safeway. In recent months, a competitive market has begun to emerge with a variety of green products seen down Safeway supermarket shopping aisles.

Safeway's own Organic brand has even been slowly creeping next to the once traditional food brands we've all grown up to recognize. People take comfort in knowing that the food they eat is organic. The trend is very clear, people want to help the planet and also help themselves by purchasing the least toxic cleaners, and the healthiest food for their bodies.

Corporations like Clorox have capitalized on the green industry by introducing a brand called Green Works. It is 99% natural, and is basically competing with already established green companies like Seventh Generation. The fact that a major cleaning brand such as Clorox has entered the green market with the approval of the Sierra Club, says that we can expect to see more greening with all the products we have come to know.

A quick look at the commercial lineup on CNN, and you will notice that nearly 1 in 3 or more of the commercials are about something to do with being environmentally friendly. Out entire society is being green-washed! I believe we are on the right path to a greener world, and people must remember that it is the consumer demand that creates the market and not the other way around. The fact is, a greener world can put the green in your wallet as well as stand for environment we all inhabit.

Something I learned from Safeway corporation this last Saturday (during the celebrated Earth Day) was that they annually purchase 87 million kilowatt-hours of renewable energy. They currently have two dozen renewable solar projects under development with a projected output of more than 7,500 megawatt hours per year. It's great news to hear that corporations are finally taking notice of issue's that obviously mean a lot to a lot of people.

I still urge most people to shop at your local grocery stores, health food stores, and farmer's market if possible. The impact on the environment is considerably less due to the fact that the products haven't been shipped from hundreds or even thousands of miles away. But if your local stores and community aren't available, it's nice to know you can stroll over to your 24-hour Safeway and still buy green.

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4 COMMENTS, ADD YOURS HERE:

Curt S. said...

I think that corporations, you had mentioned, have no other perspective, than to adapt to new 'green conditions', if they want to be successful and trendy.
But, there is a real problem with energy lobby (Power lobby), led by the President and his team of 'old boys', who have profited enormously by record oil prices. Their financial power is truly immense, yet the financial power of the country they govern is so very weak these days, caused by Iraq war and record oil prices, the same 'heroic team' has so very successfully achieved.

globalgreenqueen said...

I agree that as a society we are becoming more environmentally conscious and friendly. Corporations are taking responsibility now more than ever because the pressure is on. The public holds large businesses accountable because they have the funding, manpower and ability to enact change. Although some businesses have followed the trend of “going green” others are hesitant to make changes due to fear of decreased profits.

I heard of a company called Sustainable Land Development International that teams up with large corporations to teach them best practices such as reducing energy consumption, reducing waste, and conservation of natural resources. This particular company is on the right track in my opinion. I strongly feel that those in leadership positions within large corporations should promote sustainable business practices, which would in turn effect the lifestyles of employees while at work, as well as outside of the office.

Biological said...

Yup. I feel exactly the same. Think green has been turned into a marketing ploy and as usual major corperations make a big profit from a new trend. I guess if the environtment is the beneficiary that it is still a good thing.

Samantha Jacoby said...

The fact is, a greener world can put the green in your wallet as well as stand for environment we all inhabit.

This is very true. Even big oil companies, such as BP, and investment companies like JPMorgan and Credit Suisse are recognizing the market potential for going green and are devoting more and more time to projects like renewable energy.

If you'd like to learn more about what companies are doing in the renewable energy sector, I suggest you check out the Renewable Energy Finance Forum (REFF), held this June in New York City. REFF provides an opportunity for financiers and renewable energy project deveopers to network and share ideas on the future of the industry. Over 40 high profile industry leaders will speak at the event, discussing topics such as solar power, wind energy, biofuels, market drivers, and more.

For more information, visit www.REFFWallStreet.com.