Costs could rise even more in 2023 — and thousands of CEOs blame climate change. (via CNBCMakeIt)
Then, there's the matter of "greenwashing" — overselling your environmental commitments to seem consumer-friendly.
Nike, for instance, has spent the past decade using a form of fabric weaving that uses less material and labor time,. The company's expenditures on materials, transportation and waste disposal have fallen — and millions of pounds of potential waste have been kept out of landfills, the Times reported in 2019.
Nestle's thinner plastic water bottles and Walmart's efforts to recycle trash into new products have had similar effects, the Times noted. "We've moved past this concept that business versus the environment is a tradeoff," Environmental Defense Fund executive vice president Tom Murray told the Times. "The business benefits were always there, but more and more companies are going after them."
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