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Leveraging Eco-Innovation in Building Green Products: Practical Examples from Organizations

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  • Roxana-Maria BARB

    (Lucian Blaga University of Sibiu)

Abstract

Challenges related to the environment have led companies and researchers alike to focus more on how to develop sustainable products, leaning them into choosing more sustainable production patterns and raising attention to eco-friendly consumption. Clients’ interests are shifting more towards purchasing green products who provide great benefits for the environment. All these stakeholders become more and more preoccupied with finding ways to improve the planet and the lives of the people. Considering these aspects, it is important for organizations to concentrate their efforts into adopting an eco-innovation process in order to develop new products taking into account the implications they have on the environment. Some companies are still reluctant in using eco-innovation, thinking that they need to have higher costs and clients not being interested in buying green products. This research paper concentrates on providing examples of companies which use eco-innovation in creating green products having a high success on the market they operate in. These companies’ decision in using eco-innovation in their activities come as a response to the current environmental challenges and it highlights their commitment to the Sustainable Development Goals adopted by UN to be met by 2030. This study provides evidence for companies to adopt eco-innovation for developing their products, processes, and how it revolutionizes the way they operate.

Suggested Citation

  • Roxana-Maria BARB, 2024. "Leveraging Eco-Innovation in Building Green Products: Practical Examples from Organizations," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, vol. 0(36), pages 179-191, December.
  • Handle: RePEc:cmj:seapas:y:2024:i:36:p:179-191
    DOI: 10.70147/s36179191
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    More about this item

    Keywords

    Eco-innovation; Green Product; Sustainable Development Goals;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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