Sustainable development and greenwashing: an analysis of sufficient consumption in the fashion industry
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Scientific Center of Innovative Research
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The  article  examines  how  the  fashion  industry  has  been exploiting   marketing   tactics   that   encourage   overconsumption   and generate  a  mass  consciousness  among  consumers,  where  a  person's social  status  is  determined  by  the  clothes  and  accessories  they  use. However,   these   tactics   have   contributed   significantly   to   global environmental   pollution   and   socio-economic   issues.   The   fashion industry  has  been  driven  by  profit-first  interests  that  rely  on  cheap materials, accelerated aging of products, aggressive advertising, and an offshoring  strategy  that  provides  cheap  labor  and  low  tax  rates.  It  is high time that companies reassess their marketing strategies and focus on  sustainable  development.  The  current  climate  crisis  demands  that companies  make  informed  decisions  and  take  proactive  measures toward  sustainability.  This  article  revealed  the  impact  of  fast  fashion marketing on consumer behavior and the environment, highlighting the need   for   sustainable   fashion   practices.   The   article   analyzes   the initiatives  fashion  companies  take  to  incorporate sustainability  into their  core  business  strategies,  for  instance,  innovative  raw  materials, recycling,  and  repair  services. The  article  examines  the  practice  of greenwashing,  where  companies  make  false  or  exaggerated  claims about  their  environmental  efforts  to  appear  more  sustainable. The article emphasizes the need for companies to encourage consumers to sufficient consumption to stay sustainable and achieve zero emissions to solve  climate  problems.  Achieving  and  maintaining  consumer  well-being  and  social equity  are  critical  goals  in  today's  global  business environment. One strategy for achieving these goals is through sufficient consumption,  which  involves  optimizing  resource  use  and  reducing waste.  Sufficient  consumption  can  be  realized  by  revaluing  personal needs  and  desires,  limiting  excessive  consumption,  and  minimizing waste. By adopting a mindful and responsible approach to consumption, consumers  and  companies  can  promote  social  equity  and  cultivate  a sustainable business environment.
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Naumova O. Sustainable development and greenwashing: an analysis of sufficient consumption in the fashion industry /O.Naumova, M. Naumova // Economics, Finance and Management Review. - 2024. - № 1(17). - Pp. 16-24. - DOI https://doi.org/10.36690/2674-5208-2024-1-16
