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Eco-Labels as a Commitment to Responsible Production Practices

Author

Listed:
  • Iva Kostova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Corporate social responsibility (CSR) in all its diverse forms, initiatives, practices and implications, is an inseparable part of strategic planning and management of (business) organizations nowadays. As companies strive to maintain their competitive advantages on the market while aiming to increase their profitability, they now need to act in response to society’s expectations and show their commitment to different stakeholders. One of the methods to inform consumers about the environmental performance of a company and the environmental impact of their purchase decisions is through eco-labels. This paper is a theoretical analysis focused on eco-labels as a form of social responsibility and an opportunity for business organizations and producers to declare their commitment to responsible production practices. The main purpose is to perform a systematic review and classification of eco-labels and to analyze how they can help organizations in informing consumers about their environmental goals.

Suggested Citation

  • Iva Kostova, 2019. "Eco-Labels as a Commitment to Responsible Production Practices," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 251-262, June.
    • Handle: RePEc:nwe:eajour:y:2019:i:2:p:251-262
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    More about this item

    Keywords

    corporate social responsibility; social responsibility practices; eco-labels; responsible production practices;
    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
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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