Home Depot today will introduce a label for nearly 3,000 products, like fluorescent light bulbs that conserve electricity and natural insect killers, that promote energy conservation, sustainable forestry and clean water.I like it. I am interested to see how it will play out.
The initiative — which is expected to include 6,000 products by 2009, representing 12 percent of the chain’s sales — would become the largest green labeling program in American retailing and could persuade competitors to speed up their own plans.
Suppliers that qualify for the Eco Options label will be rewarded with what preferential treatment — like prominent shelf space in the nearly 2,000 Home Depot stores in the United States and aggressive marketing through weekly newspaper inserts..
Merchandise can qualify for the new line in two ways. It either meets widely accepted federal and industry standards, like the Energy Star or the Forest Stewardship Council certification process, or its environmental claims are tested and validated by an outside company, Scientific Certification Systems. Ultimately, Home Depot, rather than a third party, determines what products will receive an Eco Options label.
Will customers be willing to purchase the Eco Options products, especially if they cost more?
Will the Eco Options label be strict enough to be meaningful or will it become greenwashing?
via NY Times