Can Ecolabels Influence Firms’ Sustainability Strategy and Stakeholder Behavior?
نویسنده
چکیده
Ecolabels are policies and programs that are designed to signal information to stakeholders about a product’s sustainability attributes and reduce stakeholder uncertainty about the validity of green product claims. However, for ecolabels to be successful at addressing information asymmetries external stakeholders must perceive them as being credible. We assess the prospects of different sorts of ecolabels to influence firms’ sustainability strategies and stakeholder behavior based on the credibility of their institutional construction. We then describe important areas for future ecolabel research, and analyze connections between these future reseach areas and the articles that form this issue. Finally, we emphasize the importance of collaborative stakeholder initiatives in advancing sustainability strategy and how accurate information is vital to the success of these initiatives.
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