Elias Tefarikis’ Post

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Championing Innovation & Social Impact | Corporate Impact Venturing | Laconia Venture Fellow I President Fundacion Entrepreneur

"Beyond the Green Hype: The True Cost of Greenwashing 🌍 This article👇🏼 in the Harvard Business Review is very good for understanding the impact of this practice. Greenwashing, the practice of making misleading claims about a product, service, or company's environmental benefits, can have significant repercussions for businesses. Here are five key takeaways from the article: ▶️ Consumer Distrust: Greenwashing erodes consumer trust. When consumers discover that environmental claims are exaggerated or false, they can significantly lose brand credibility and customer loyalty. ▶️ Regulatory Scrutiny: As governments and regulatory bodies become more vigilant about environmental claims, companies engaging in greenwashing face increased scrutiny, fines, and legal repercussions, which can impact their bottom line. ▶️ Investor Backlash: Investors are increasingly prioritizing sustainability. Companies caught greenwashing risk losing investor confidence, leading to potential divestment and decreased stock value. ▶️ Employee Morale: Greenwashing can demoralize employees who value corporate integrity and environmental responsibility. This can lead to reduced productivity, higher turnover rates, and difficulty attracting top talent. ▶️ Competitive Disadvantage: Authentic sustainability initiatives are a competitive edge. Companies found greenwashing not only lose this edge but also damage their market position, as consumers and partners opt for genuinely sustainable alternatives. Unfortunately, it is a reality, but thousands of companies and organizations are creating a real impact. Read the full article here: https://lnkd.in/exuyXJJH #Sustainability #Greenwashing #CorporateResponsibility #BusinessEthics #HBR #Innovation

How Greenwashing Affects the Bottom Line

How Greenwashing Affects the Bottom Line

hbr.org

Nidal Khaznadar

I help professionals with international experience in the U.S. get $100-$300k roles in TOP companies | Helped landing at Amazon, Google, Snapchat, Oracle, Deloitte, World Bank, Microsoft, EY, HP, and more | Career Coach

7mo

In today's market, consumers value honesty and authenticity in sustainability efforts. Genuine commitment not only builds trust and enhances brand reputation but also attracts environmentally-conscious customers. How do you think businesses can communicate sustainability initiatives transparently to attract customers?

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Susana Zuluaga

Literary Studies Professional | Project Manager | Copywriting and Editing

7mo

This is so informative! Making false claims can not only deeply hurt your business but also the environment in the long run

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