ECO-FRIENDLY B2B TRENDS: HANDLING SUSTAINABILITY AND BRAND PERCEPTION
ecofriedly business trends
14 November 2024
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Table of Content
Eco-Friendly B2B Trends: Handling Sustainability and Brand Perception explores how businesses are integrating sustainable practices into their operations while shaping a positive brand image.
Today, the B2B market is flooded with a diverse range of trends.
However, the most popular ones are the ones which promote sustainability and a commitment to environment protection.
It is a fact, proven time and again, that the B2B marketplace is a thriving place for ideas and innovations of all sorts. With the vision for sustainability gaining center stage, this has become even more true.
The question of B2B, also throws light on the topic of Brand Image.
How do the latest trends and a sustainable vision influence a Brand’s perception among the masses?
Are Sustainable trends really helpful?
I am sure you might have thought about these questions time and again.
Read ahead to know the top 10 B2B trends which revolve around sustainability and aid in building your brand image and gain new insights for your B2B marketplace!
- CIRCULAR ECONOMY MODEL
A circular business model refers to a type of model wherein the companies move away from the linear “take-make-dispose” model towards a circular model which emphasizes reuse, recycling and refurbishing. Businesses use these three methods to focus on extending the lifecycle of products while also helping in minimizing waste and conserving resources.
Levis' initiative ‘WASTE<LESS DENIM COLLECTION’ where it used post-consumer waste, especially recycled plastic bottles and food trays to make jeans, is one such example.
This initiative not only helped Levis gain a new audience but went a long way in adding to its brand perception at a time when various clothing brands were under scrutiny for encouraging fast fashion.
- SUPPLY CHAIN SUSTAINABILITY
Where your supply, goods, products come from is becoming an increasingly important question. Various consumers today do not want to associate themselves with brands which practice unethical labor or harm the environment.
Organizations today are increasingly prioritizing suppliers with sustainable practices, such as using renewable energy, eco-friendly materials and sustainable packaging.
Technologies like blockchain are being used to improve supply chain transparency, allowing companies to track the environmental and social impacts of their products from source to end-user. Many businesses have begun to demand sustainable practices from suppliers, including responsible sourcing, green logistics, and ethical labor practices.
IKEA, the globally recognized furniture retailer is one of the many companies which has introduced sustainable practices throughout its supply chain, and the brand’s overall appeal is a proof to the impact it created by adopting sustainable practices.
- NET ZERO AND CARBON NEUTRALITY GOALS
The pollution and hazards caused by greenhouse gas emissions is not new knowledge.
Unsurprisingly and fortunately, several organizations and companies are setting ambitious targets to reduce greenhouse gas emissions in line with climate science, often aiming for net-zero emissions by 2030 or 2050.
In addition to this, many are also opting for carbon offsetting programs as a way to compensate for greenhouse gas emissions by investing in projects which reduce emissions elsewhere, like reforestation.
This aids in building a loyal customer base which puts its trust in the company, aware that it accepts its responsibility towards the environment and nature.
OffsetFarm, a Delhi based blockchain platform which helps retail investors invest in carbon offset projects is one such example.
- ENERGY EFFICIENCY AND RENEWABLE ENERGY
One of the surest and smartest B2B trends is the rapid transitioning of many businesses to renewable energy resources like wind, solar or hydroelectric power. Some are also generating their own renewable energy on-site.
Implementing energy-efficient processes, upgrading machinery, and using smart energy management systems are other ways to practice this transition.
It helps in reducing consumption as well as lowering costs.
Additionally, it helps in tackling waste generation to a large extent, further aiding in solidifying a brand’s image.
Tata Power, ReNew and Borosil Renewables are of the many companies which have successfully made the shift.
- SUSTAINABLE PACKAGING AND ECO-FRIENDLY MATERIAL
Using Sustainable packaging and eco-friendly materials is one of the most basic, and most successful B2B trends in the market today.
Its appeal lies in the fact that it can be used for almost any company since most of them deal with the production and manufacturing of products, thereby making packaging an integral part of themselves.
Adopting sustainable packaging options, including biodegradable materials, recycled content, or minimal packaging help in reducing waste.
In addition, there's a growing interest in materials with lower environmental footprints, such as plant-based plastics, recycled metals, and organic textiles.
Our vision, at BiomanDii, is exactly this- aiding businesses throughout India in switching to using sustainable and eco-friendly packaging materials.
- GREEN CERTIFICATIONS AND ECO LABELS
What can add more credibility to a company’s commitment to sustainability than a certification for the same?
Achieving certifications like LEED (Leadership in Energy and Environmental Design), ISO 14001 (Environmental Management), or B Corp internationally and Indian Green Building Council (IGBC) and Green Rating for Integrated Habitat Assessment (GRIHA) in India can enhance a company’s green credentials and appeal to eco-conscious clients.
Moreover, displaying recognized eco-labels on products or marketing materials can improve credibility and brand perception.
Infinity Benchmark in Kolkata and CII-Sohrabji Godrej Green Business in Hyderabad are two of the several buildings and centers which have achieved LEED certification.
- ELECTRIC AND HYBRID FLEETS
The emissions and pollution which result from transportation of goods is another environmental issue concerning businesses and startups around the world today.
As a solution, electric and hybrid fleets are emerging as a key sustainability trend in B2B industries, particularly in sectors like logistics, transportation, and distribution.
This shift toward greener fleets is driven by the need to reduce carbon emissions, lower operating costs, and meet increasingly strict environmental regulations.
Apart from reducing waste and saving the world from a substantial amount of pollution, this alternative is equally innovative, aiding in developing trust among the consumers, clients and partners, and consequently helping in maintaining a positive brand image.
Toyota is one brand possessing a diverse range of hybrid, plug-in hybrid and electric vehicles.
- CORPORATE SOCIAL RESPONSIBILITY(CSR) PROGRAMS
Corporate Social Responsibility is a company’s commitment to become good corporate citizens and contribute to the society. In recent times, the phenomena have become increasingly popular with various companies changing and introducing policies with the CSRprogram in mind.
They are strengthening their CSR efforts to include a focus on sustainability, community impact, and ethical business practices.
Moreover, involving employees in sustainability initiatives, such as volunteer programs or green office practices, can improve company culture and brand perception.
Apart from aligning with the values of clients and stakeholders, CSR Programs go a long way in fostering a healthy and conscious work environment, further adding to the company’s image.
- DIGITAL TRANSFORMATION FOR SUSTAINABILITY
Digital transformation, despite its flaws, has come as a boon for the business and working sector.
It contributes to a sustainable vision with the help of data-driven decision making.
Using data analytics and AI, companies can optimize their resource use, track emissions, and implement sustainable practices more effectively.
Moreover, the use of hybrid mode or promoting remote work and digital collaboration tools reduces the need for commuting and office space, thereby lowering the carbon footprint.
The benefits are manifold as working becomes more flexible for employees, increases productivity while simultaneously aiding in building a conscious and responsible brand image.
- CUSTOMER AND STAKEHOLDER COMMUNICATION
Transparency is a must for building a positive brand image, even more so when it deals with sustainability.
Regular sustainability reporting, including the disclosure of environmental, social, and governance (ESG) metrics, is key to building trust with customers and stakeholders.
Various companies are also increasingly using their sustainability achievements in marketing to build an eco-friendly brand image.
This can be achieved through storytelling that highlights the company's sustainability journey.
This approach shows that the company cares about its clients and partners, garnering trust and loyalty in response.
As the above-mentioned points make it clear, businesses with strong sustainability practices are often viewed more favorably, which can lead to increased customer loyalty and higher brand equity.
It is also essential to note that B2B customers are increasingly demanding sustainable products and practices and meeting these demands can lead to stronger partnerships.
As mentioned already, sustainability today is the need of the hour.
Employing eco-friendly practices and aiming for a sustainable future is trending, in fashion and a sure way to take your business to new heights.
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