The Role of Sustainable Marketing in Modern Business Practices
BANKING FINANCE|October 2024
The landscape of business is evolving with a growing emphasis on sustainability. Sustainable marketing, which integrates environmental and social responsibility into business practices, is gaining traction as a critical approach for companies aiming to align with the values of modern consumers.
Aniket Santosh Kirtiwar
The Role of Sustainable Marketing in Modern Business Practices

Abstract: This paper explores the principles, strategies, and benefits of sustainable marketing, emphasizing its importance in contemporary business practices. As environmental and social concerns rise to prominence, businesses are increasingly adopting sustainable marketing strategies to meet consumer expectations and regulatory requirements. This manuscript delves into the core principles of sustainable marketing, effective implementation strategies, and the myriad benefits that it offers, while also addressing the challenges and future directions of the field.

Introduction

The landscape of business is evolving with a growing emphasis on sustainability. Sustainable marketing, which integrates environmental and social responsibility into business practices, is gaining traction as a critical approach for companies aiming to align with the values of modern consumers. This manuscript investigates the essential aspects of sustainable marketing, presenting a comprehensive analysis of its implementation and impact on business practices.

Understanding Sustainable Marketing Definition and Importance

Sustainable marketing is the promotion of products and services based on their environmental and social benefits. Unlike traditional marketing, sustainable marketing considers the long-term impacts of business activities, aligning with the broader concept of sustainability, which seeks to meet present needs without compromising future generations.

Core Principles

1. Environmental Responsibility: Ensuring marketing practices do not harm the environment through ecofriendly materials, waste reduction, and minimal carbon footprints.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BANKING FINANCEView all
Implementation of New Tax Regime and Its Impact on Direct Tax Revenue
BANKING FINANCE

Implementation of New Tax Regime and Its Impact on Direct Tax Revenue

Salaried assessees constitute a significant number in the direct tax population in India. Removal of existing deductions and exemptions causes disappointment especially for the salaried employees and assessees belong to middle income group who took different tax savings scheme.

time-read
5 mins  |
March 2025
How to Convince Customers to Continue SIP in a Falling Market
BANKING FINANCE

How to Convince Customers to Continue SIP in a Falling Market

Systematic Investment Plans (SIPs) have emerged as one of the most reliable ways for retail investors to build wealth over time. However, during a falling market, many investors become apprehensive and contemplate discontinuing their SIPs, fearing further losses.

time-read
3 mins  |
March 2025
What is Digital Public Infrastructure? A comprehensive introduction to DPI, its components, and benefits
BANKING FINANCE

What is Digital Public Infrastructure? A comprehensive introduction to DPI, its components, and benefits

Digital Public Infrastructure (DPI) is a foundational framework that enables digital transformation in a country. It's akin to the physical infrastructure of roads, bridges, and power grids, but in the digital realm. DPI provides the essential tools and systems for governments, businesses, and citizens to interact and transact digitally.

time-read
9 mins  |
March 2025
Reputational Risk: A DoubleEdged Sword for Indian Banking
BANKING FINANCE

Reputational Risk: A DoubleEdged Sword for Indian Banking

The Indian banking sector has made significant strides in managing reputational risk. However, the challenges and opportunities facing the sector are evolving rapidly. By proactively addressing these challenges and embracing innovation, banks can continue to build trust, enhance their reputation, and contribute to the growth of the Indian economy.

time-read
5 mins  |
March 2025
Priority Sector Lending Norms – Historical trend and Time to realign
BANKING FINANCE

Priority Sector Lending Norms – Historical trend and Time to realign

Climate change has led to the emergence of new concept of green financing which requires huge commitment of allocation of funds. Climate adaptation has taken centre stage at recently held COP29 at the UN global climate summit.

time-read
6 mins  |
March 2025
SAMRIDH: Leveraging Blended Finance for Quality Healthcare in India
BANKING FINANCE

SAMRIDH: Leveraging Blended Finance for Quality Healthcare in India

India faces significant challenges in its healthcare system, primarily due to chronic underfunding. The government allocates approximately 1.9% of its GDP to public health, starkly lower than the global average of about 10%. This shortfall has resulted in inadequate infrastructure, a shortage of skilled workforce, and an overreliance on overstretched public facilities.

time-read
3 mins  |
March 2025
Fintech Ecosystem in India and Impacts of Paytm on RBI's Move
BANKING FINANCE

Fintech Ecosystem in India and Impacts of Paytm on RBI's Move

In today's scenario the wallet users as well as digital channel payment users are having bundle of opportunity to avail services of various service providers and without hindrance they can enjoy the benefits of digital payments.

time-read
5 mins  |
March 2025
Unlocking Financial Synergy: The Power of Co-Lending
BANKING FINANCE

Unlocking Financial Synergy: The Power of Co-Lending

Co-lending is an arrangement where multiple lenders, typically a bank and a Non-Banking Financial Company (NBFC), partner to provide loans to borrowers. This helps increase lending capacity and reduces risk for individual lenders. Each lender sets their own terms and conditions. This model leverages the strengths of both types of financial institutions to extend credit, especially to underserved markets.

time-read
10+ mins  |
March 2025
Legal News
BANKING FINANCE

Legal News

In the recent Supreme Court's judgment in the CORE (Central Organisation for Railway Electrification) vs ECI-SPICSMOMCML case on the appointment of arbitrators, the intended result and reactions have been contrasting.

time-read
2 mins  |
March 2025
ICICI Bank installs units to produce water from atmospheric moisture
BANKING FINANCE

ICICI Bank installs units to produce water from atmospheric moisture

ICICI Bank has announced the adoption of state-of-the-art technology to produce drinking water from atmospheric moisture as part of its commitment to enhancing the sustainability of its operations.

time-read
1 min  |
March 2025