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Title Green Brand of Companies and Greenwashing under Sustainable Development Goals
Authors Pimonenko, Tetiana Volodymyrivna  
Bilan, Yurii Valentynovych  
Horák, J.
Starchenko, Liudmyla Volodymyrivna  
Gajda, W.
Keywords сталий розвиток
устойчивое развитие
sustainable development
марка
марка
brand
контент-аналіз
контент-анализ
content analysis
відновлювальна енергія
возобновляемая энергия
renewable energy
Type Article
Date of Issue 2020
URI https://essuir.sumdu.edu.ua/handle/123456789/80230
Publisher MDPI
License Creative Commons Attribution 4.0 International License
Citation Pimonenko, T.; Bilan, Y.; Horák, J.; Starchenko, L.; Gajda, W. Green Brand of Companies and Greenwashing under Sustainable Development Goals. Sustainability 2020, 12, 1679. https://doi.org/10.3390/su12041679
Abstract Implementing Sustainable Development Goals (SDGs) and increasing environmental issues provokes changes in consumers’ and stakeholders’ behavior. Thus, stakeholders try to invest in green companies and projects; consumers prefer to buy eco-friendly products instead of traditional ones; and consumers and investors refuse to deal with unfair green companies. In this case, the companies should quickly adapt their strategy corresponding to the new trend of transformation from overconsumption to green consumption. This process leads to increasing the frequency of using greenwashing as an unfair marketing instrument to promote the company’s green achievements. Such companies’ behavior leads to a decrease in trust in the company’s green brand from the green investors. Thus, the aim of the study is to check the impact of greenwashing on companies’ green brand. For that purpose, the partial least-squares structural equation modeling (PLS-PM), content analysis and Fishbourne methods were used. The dataset for analysis was obtained from the companies’ websites and financial and non-financial reports. The objects of analysis were Ukrainian large industrial companies, which work not only in the local market but also in the international one. The findings proved that a one point increase in greenwashing leads to a 0.56 point decline in the company’s green brand with a load factor of 0.78. The most significant variable (loading factor 0.34) influencing greenwashing was the information at official websites masking the company’s real economic goals. Thus, a recommendation for companies is to eliminate greenwashing through the publishing of detailed official reports of the companies’ green policy and achievements.
Appears in Collections: Наукові видання (ННІ БіЕМ)

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