Who’s really driving the green movement for businesses? It’s not environmental groups or government agencies.
It’s Wal-Mart.
The huge retailer plans to tag every product it sells with a label that tells buyers how green the item really is.
And Wal-Mart plans to pass along the cost to its 100,000 suppliers.
Wal-Mart’s Green Business Summit, Feb. 10 in Vancouver, British Columbia, aims to “accelerate change towards sustainability.”
Wal-Mart is reacting to its customers who want various green information about the products they buy, such as:
- packaging materials
- energy used in production
- transportation emissions and fuel usage, and
- raw materials.
Just how much green information can you fit on a small consumer item? Soon, all buyers will need is a bar code and a smart phone.
The technology already exists to develop a smart phone app that will allow consumers to use a package’s bar code to access green information.
How do companies prepare? With demands like those coming from Wal-Mart, companies will have to track their environmental footprints and then tout any reduction in greenhouse gas emissions or energy usage and explain how that makes the company greener.
BusinessBrief.com delivers the latest business news once a week to the inboxes of over 180,000 executives.
Click here to sign up and start your FREE subscription to BusinessBrief!
advertisement
Tags: green movement, smart phone app, Wal-Mart