Environment is essential for the growth and survival of all living beings.
But unfortunately environment has fallen prey to mankind. Nature is being degraded
by the activities undertaken by companies. Hence, it becomes the responsibility of
the business world to compensate for the harm that the companies are causing
to environment. The companies are employing a number of ways to
preserve the natural environment. This ethical
step helps the companies to become more disciplined about their
environmental performance and contribute towards nature's conservation.
Environmentally responsible companies make
themselves more attractive to customers and investors.
Fuller (1999) observed that the challenge is to reinvent the ways and means
of delivering desired customer benefits and meeting organizational goals while
leaving no discernible environmental footprints on the planet. The companies are
addressing this issue and playing their part in preserving the
nature. Producing environment-friendly products is
indeed one of the ways to conserve the environment.
Environmental product issues are complex; it includes the environmental impact of
the entire life cycle of the product. Any product that is made, used or disposed of in
a manner that significantly reduces the harm that it would otherwise cause to
the environment, can be considered as environment-friendly
product. Companies make specific changes in the
product development, manufacturing, promotion and distribution so that the products
do not harm the environment.
The Ministry of Environment and Forests, Government of India had launched
eco-labeling scheme known as
`Ecomark' for easy identification of
environment-friendly product in 1991. The criteria follow a cradle to
grave approach, i.e., from raw material extraction, to manufacturing and
final disposal. The basic criteria not only cover the broad environmental aspects but
also the aspects that are specific at product level. According to the ministry a
product is examined in terms of following main environmental impacts: |