🌍 Accelerating Net-Zero Targets in the Advertising Industry ✨🌍
Thrilled to share insights from a recent report by Ad Net Zero, shedding light on the progress and challenges within our industry's commitment to reducing carbon footprints. Published on Nov. 20, 2023, by Aaron Baar, the findings highlight both encouraging advancements and the pressing need for more substantial efforts.
🚀 Positive Strides: Tech Platforms and Advertisers Take the Lead
100% of tech platforms are committed to both net-zero and near-term reduction targets.
88% of advertisers have set net-zero targets, and 100% have established near-term objectives.
🛑 Critical Gaps: Agencies and Production Companies Lag Behind
Only 35% of creative and advertising agencies have set net-zero targets, with 54% focusing on near-term goals.
Similarly, a mere 34% of production companies have committed to both net-zero and near-term targets.
📉 The Ripple Effect: Industry-wide Impact
While brands have made commendable strides, the sluggish adoption of standards by agencies and production companies has created a ripple effect throughout the marketing-communications supply chain. The report underscores the need for accelerated action across the board.
🌐 Ad Net Zero's Call to Action: A Five-Point Plan
Ad Net Zero, recognizing the urgency, has outlined a comprehensive five-point action plan to expedite progress:
1️⃣ Business Operations: Set and achieve net-zero targets.
2️⃣ Production: Cut back on travel and transport, the largest contributors to emissions.
3️⃣ Media Planning and Buying: Develop a standard methodology for measuring emissions from media campaigns.
4️⃣ Awards and Events: Collaborate with industry groups to spotlight low-carbon footprint campaigns.
5️⃣ Consumer Behavior Change: Leverage advertising's power to drive widespread environmental awareness and action.
🌱 Our Collective Responsibility
Ad Net Zero's Chair, Sebastian Munden, emphasizes the urgency, stating, "None of it is enough. Not even close." It's time for reflection and impactful change. Let's prioritize emission reduction and work together to reshape our industry's impact on the environment.
#Sustainability #NetZero #ClimateAction #AdvertisingIndustry #EnvironmentalResponsibility #AdNetZero #ChangeMakers
Marketing Director, Kroger Precision Marketing at 84.51
3wSo happy for all of the momentum happening at Scope3!