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ESG Initiatives and Branding in Food and Beverage Industry (US)
- 1 Gies College of Business, University of Illinois – Urbana Champaign Champaign, IL, 61820, US
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Abstract
The integration of Environmental, Social, and Governance (ESG) principles into branding strategies has become crucial for success in the highly competitive and sustainability-conscious food and beverage industry. This paper examines the impact of ESG initiatives on brand perception, customer loyalty, and financial performance through a comprehensive review of case studies and sustainability reports from major companies such as PepsiCo, Coca-Cola, and McDonald's. The analysis reveals that aligning ESG practices with a company's core identity and purpose enhances brand equity, builds consumer trust, and provides a competitive edge. The luxury sector faces unique challenges in incorporating ESG while maintaining its exclusive appeal, but emphasizing authenticity and genuine commitment to sustainability can effectively meet evolving market demands. As consumer expectations shift towards ethical and responsible brands, companies that strategically integrate ESG into their branding efforts position themselves for long-term resilience and success while contributing to the well-being of society and the environment. The ongoing intersection of ESG and branding is significantly shaping the landscape of modern brand management, with far-reaching implications for the future of the food and beverage industry.
Keywords
ESG, Food and Beverage, Branding, Sustainability, US
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Cite this article
Lu,Y. (2024). ESG Initiatives and Branding in Food and Beverage Industry (US). Advances in Economics, Management and Political Sciences,93,93-97.
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Volume title: Proceedings of the 2nd International Conference on Management Research and Economic Development
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