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Wednesday 8 November 2023

Sustainable Business models - leading Indian brands and their strategies

The Sustainable business - a way of life, giving back to the environment.


The practical strategies and approaches that businesses can use to not only adopt sustainable practices but also succeed and grow in the rapidly evolving green economy. It's likely to capture the interest of business students and professionals looking to make a positive impact through sustainable entrepreneurship.





 Here are some examples of Indian brands that have adopted sustainable business practices:

1. Titan Company Limited:

   - Ethical Sourcing: Titan, a renowned watch and jewelry company, is committed to responsible sourcing of raw materials like gold and diamonds. They follow stringent ethical standards in their supply chain.

   - Water and Energy Conservation: Titan has implemented various initiatives to reduce water consumption and improve energy efficiency in their manufacturing processes.

2. ITC Limited:

   - Sustainable Agriculture: ITC is a conglomerate with diversified business interests, including FMCG, hotels, and agriculture. They have a strong focus on sustainable agriculture practices through their e-Choupal initiative, which empowers rural farmers with market information and support for sustainable farming.

   - Carbon Positive: ITC aims to be "carbon positive" by reducing its carbon emissions and offsetting more than it emits through its various sustainability initiatives.

3. Mahindra & Mahindra:

   - Electric Vehicles: Mahindra is a major player in the automotive industry and has made significant strides in electric mobility. They produce electric vehicles and have a commitment to reducing the carbon footprint of transportation.

   - Renewable Energy: Mahindra Group invests in renewable energy projects, including wind and solar power, to reduce its reliance on conventional energy sources.

4. Tata Group:

   - Tata Power: Tata Power, a subsidiary of Tata Group, is actively involved in renewable energy projects. They generate a significant portion of their power from renewable sources like solar, wind, and hydroelectric power.

   - Tata Chemicals: This division of Tata Group focuses on sustainable agricultural solutions and products, including crop nutrition and plant protection.

5. FabIndia:

   - Handcrafted and Artisanal Products: FabIndia is known for its promotion of traditional Indian handicrafts and handmade products. They work closely with artisans and craftspeople across the country, providing them with a platform to showcase their skills and generate sustainable livelihoods.

   - Sustainable Fashion: FabIndia also emphasizes sustainable fashion by using natural and eco-friendly materials in their clothing and accessories.

6. Greensole:

   - Upcycled Footwear: Greensole is a social enterprise that collects discarded shoes, refurbishes them, and turns them into comfortable and eco-friendly footwear. This initiative not only reduces waste but also provides shoes to underprivileged communities.

7. Paper Boat:

   - Natural Ingredients: Paper Boat, a beverage company, focuses on using natural and traditional Indian ingredients in their products. They avoid artificial preservatives and flavors, promoting healthier alternatives.

   - Sustainable Packaging: The company is also conscious of its packaging, using materials that are eco-friendly and easily recyclable.

These Indian brands demonstrate a commitment to sustainability through various initiatives, including ethical sourcing, renewable energy adoption, community empowerment, and eco-friendly product development. They showcase how businesses in India are increasingly integrating sustainability into their operations for the benefit of society and the environment.

Raw Pressery is a Mumbai-based Indian company that specializes in providing fresh and cold-pressed juices. The brand has gained popularity for its focus on providing healthy and natural beverage options. Here is a detailed explanation of Raw Pressery's business model:

1. Product Offering:

   - Raw Pressery primarily offers a range of cold-pressed juices made from a variety of fruits and vegetables. These juices are produced using a cold-pressing technique, which involves extracting juice without applying heat or oxidation, thereby retaining more nutrients and flavors.

2. Quality and Health Focus:

   - The brand places a strong emphasis on the quality and health benefits of its products. They use high-quality, natural ingredients sourced from trusted suppliers. Raw Pressery's juices are free from artificial preservatives, colors, and additives.

3. Product Diversification:

   - In addition to cold-pressed juices, Raw Pressery has expanded its product line to include other health-focused offerings like smoothies, nut milk, and wellness shots. This diversification allows the brand to cater to a broader range of health-conscious consumers.

4. Distribution Channels:

   - Raw Pressery products are available through multiple distribution channels, including:

     - Retail Stores: The brand's products are sold in various retail outlets, including supermarkets, specialty health food stores, and convenience stores.

     - Online Sales: Raw Pressery has an e-commerce platform where customers can order products directly from their website or through e-commerce marketplaces.

     - Subscription Model: The brand offers subscription services where customers can receive regular deliveries of their favorite juices, providing convenience and ensuring consistent supply.

5. Brand Positioning and Marketing:

   - Raw Pressery positions itself as a premium, health-focused brand. They invest in marketing and branding efforts to convey their commitment to quality, freshness, and health benefits. This includes advertising campaigns, social media presence, and collaborations with health and wellness influencers.

6. Sustainability Initiatives:

   - While the primary focus is on health and quality, Raw Pressery also emphasizes sustainability. They use sustainable packaging materials and have implemented initiatives to minimize their environmental impact.

7. Collaborations and Partnerships:

   - Raw Pressery has collaborated with various partners, including gyms, wellness centers, and corporate offices, to provide their products to a wider audience. These partnerships help increase brand visibility and accessibility.

8. Customer Engagement and Feedback:

   - The brand actively engages with its customers through various channels, including social media, email newsletters, and customer feedback forms. This allows them to gather insights, address customer concerns, and continuously improve their offerings.

9. Community and Events:

   - Raw Pressery participates in community events, health and wellness expos, and other gatherings to promote its products and engage with potential customers. This helps in building a community around the brand and creating brand loyalty.

10. Continuous Innovation:

    - Raw Pressery is known for introducing new flavors and product variations to cater to evolving consumer preferences and trends in the health and wellness industry.

It's worth noting that business models can evolve over time, so for the most up-to-date information on Raw Pressery's business model, I recommend checking their official website or recent reports from the company.

Image by Freepik

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