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Corporate Social Responsibility
News
7.03.2008 - 06:54pm ET
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Perceptions Of Green Marketplace Are Evolving
Big And Small Businesses Shifting Focus To Include Mainstream Consumers In Green Push
(CSRwire) BOULDER,CO.- July 3, 2008 - Perceptions of the green marketplace and green
consumers are changing. The LOHAS 12 Forum (www.lohas.com/forum), which took
place June 18-21, opened the door for some lively discussions and eye
opening realizations about the evolving trends and the progression of the
"green purchaser". The LOHAS consumer, the individual who makes purchasing
decisions based on their values of personal and planetary health and
benefit, accounts for a healthy 19% of the overall LOHAS marketplace.
However, according to several key note speakers and LOHAS conference
luminaries, while they continue to be the primary influencers, they are no
longer the primary focus of businesses developing more eco-friendly
products and services.
The LOHAS consumer base has remained static for several years, while the
overall LOHAS marketplace continues to grow. More and more individuals
have come to appreciate the value and attributes of products offered in
the green, fair-trade, eco-friendly and organic market area; but are not
at all interested in changing their purchasing habits. They are instead
looking to their familiar and favorite products, businesses and
organizations to incorporate strategic and sustainable, green practices.
The LOHAS 12 Forum disclosed that this will be the next wave in business.
In fact, according to The Natural Marketing Institute (NMI), the LOHAS
marketplace is expected to nearly double in size, from $209 billion to an
incredible $400 billion by 2010.
The Forum showcased the melding of two different worlds: corporate and
boutique. The collaborations allowed for attendees to recognize that not
all big businesses are out of tune with the ideals of going green and
being sustainable. One particular, controversial, panel discussion was a
highlight of the Forum, where Rand Waddoups, the Senior Director of
Strategy and Sustainability for Wal-Mart shared the stage with Michael
Besancon, the South West Regional President of Whole Foods Markets. The
two came together to surprisingly reveal that they share the same ideas,
approaches and strategies on sustainable business practices. They both
understand consumer trends and the ever-changing and evolving green
marketplace. Ultimately, they are striving for the same end-goal: guiding
consumers, within their markets, while providing better products and
services that help, not hurt the environment and society. The LOHAS 12
Forum was just what attendees needed to shake up their pre-existing
thoughts, while embracing new concepts and initiatives showcasing how all
businesses can work together.
Influential discussions took place in every corner of the Forum. One of
the most notable was a conversation between Ted Ning, the Executive
Director of the LOHAS conference and an attendee, with both sharing their
thoughts about how the LOHAS marketplace could be described as the engine
driving the mainstream consumer market. Their discussion centered on the
understanding that it takes a core group of pioneers and truly organically
grown green businesses to set the standard for all others to learn from,
adopt their ideas from and hopefully follow in their footsteps.
The LOHAS 12 Forum offered attendees numerous networking and learning
opportunities, and featured a variety of unique and engaging events,
resulting in many different highlight moments. There were numerous lively
speaking sessions, including "Conscious Money", "The True Value of
Organic", "Natural Solutions to Wellness", "Fair Trade and Sustainable
Sourcing" to "Penetrating Mainstream Markets with LOHAS Products". The
morning yoga session with internationally acclaimed yoga instructors
Rodney Yee and Colleen Saidman were always packed. A live butterfly
release ceremony, held in the courtyard was the epitome of life, beauty
and rebirth. And all enjoyed the organic tastings, the array of LOHAS
companies exhibiting, the plethora of magazines and newspapers dedicated
to the LOHAS lifestyle, as well as the pleasant feeling of being
surrounded by like-minded individuals who are all in their unique ways,
making a difference.
Ted Ning was thrilled with this years turn out. He was pleased with the
overall message that most attendees seemed to be taking away from the
Forum which is "It's not a new way of doing business; it's a better way of
doing business." The conference promotes a marketplace and industry that
presents high quality products and services that just happen to be green.
It's a way of life and an added benefit that the LOHAS community can't live
without.
About LOHAS Forum
Since its inception in 1996, LOHAS (Lifestyles of Health and
Sustainability) has been the catalyst for the adoption of sustainable
living and environment-friendly practices within the North American and
global business community. The LOHAS Forum is the leading annual gathering
of thought and opinion leaders in the LOHAS marketplace.
The LOHAS Forum annually features highly influential speakers and
panelists who address and explore some of today's most prominent issues
and business challenges.
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