BSS Fall 2012

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20 Building Strategies & Sustainability T This is the third article in a series designed to assist you in the design, implementation, marketing and verification of your company’s sustainability journey. The first two summarized the main steps in the design and implementation of your sustainability program; this article focuses on ensuring your program is successfully and effectively marketed - externally. Developing your sustainability plan, recruiting champions, integrating sustainability into the corporate culture is primary and on-going. Marketing your company’s sustainability journey externally starts with asking “What should we say to whom?” – followed by “Why?” and “How?” Like speaking out in a crowd, all external marketing raises the company’s profile, whether it involves advertising, PR, industry presentation or the use of social media. What you have to say will resonate well with some in the audience and serve as a red flag for others. You need to be prepared for the attention and the range of responses you receive. e following steps will help. 1. Recognize that marketing sustainability is an evolving and labile area of corporate practice. Since Rachel Carson’s book “e Silent Spring” there has been an ebb and flow of interest in environmental degradation of our sustainability as a species. In the last few years, leading businesses have picked up the torch on sustainability – in part because more sustainable business practices can save money in the near term, reduce risk and add financial stability over the longer term. Business The green plan Harnessing the power of sustainability marketing and leadership CORPORATE SUSTAINABILITY 12039_BS&S_Fall_resize_2012.indd 20 12-09-20 11:08 AM

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BSS Fall 2012

Transcript of BSS Fall 2012

Page 1: BSS Fall 2012

20 Building Strategies & Sustainability

TThis is the third article in a series designed to assist you in the design, implementat ion , ma rket ing a nd ve r i f ic at ion of you r compa ny ’s sustainability journey. The f irst two summarized the main steps in the design and implementation of your sustainability program; this article focuses on ensuring your program is successfu l ly and effectively marketed - externally.

Developing your sustainability plan, recruit ing champions, integrat ing sustainability into the corporate culture is primary and on-going. Marketing your

company ’s susta inabi l it y journey externally starts with asking “What should we say to whom?” – followed by “Why?” and “How?”

Like speaking out in a crowd, all external marketing raises the company’s profile, whether it involves advertising, PR, industry presentation or the use of social media. What you have to say will resonate well with some in the audience and serve as a red flag for others. You need to be prepared for the attention and the range of responses you receive. The following steps will help.

1. R e c o g n i z e t h a t m a r k e t i n g sustainability is an evolving and labile area of corporate practice. Since Rachel Carson’s book “The Silent Spring” there has been an ebb and flow of interest in environmental degradation of our sustainability as a species. In the last few years, leading businesses have picked up the torch on sustainability – in part because more sustainable business practices can save money in the near term, reduce risk and add financial stability over the longer term. Business

The green planHarnessing the power of sustainability marketing and leadership

corPorAtE sustAinABiLity

12039_BS&S_Fall_resize_2012.indd 20 12-09-20 11:08 AM

Page 2: BSS Fall 2012

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and sustainability experience can save a great deal of time and optimize your investments. Your, marketing partners will be able to provide guidance on the best ways to reach your stakeholders and communicate with them effectively.

7. Pre-test major communications

elements to prevent disasters and optimize success. Measure twice, cut once, save wood. Measure your communications against your own knowledge but don’t stop there. The only people who can tell you what really works for your target audience are members of that a u d i e n c e . A n d p r e - t e s t i n g communications with them can often yield additional learning useful in your business.

8.Assess your progress over time – adjusting your strategy and tactics as needed. From time to time it is important to check in with your major stakeholders to understand what you have and have not successfully communicated – and how thei r expec tat ions have changed overtime. How else do you know how you are doing in m a r k e t i n g y o u r c o r p o r a t e sustainability performance?

Once you have worked through this eight-step process it is time to start over again. Chances are the climate will have changed and the practice evolved. BS&S

Peter Love, Bill Ratclif fe and Yasmin Glanville are founding directors of Rethink Sustainability Initiatives. Peter is an Adjunct Professor at York University’s Faculty of Environmental Studies and is the former Chief energy Conservation Officer of Ontario. Bill is an Adjunct Professor, with University of Waterloo’s School of Environment, Enterprise and Development and CEO of Collected Conscience, a market research firm focused on understanding corporate sustainability and other marketing issues. Yasmin Glanville is the Founder and President of Rethink Sustainability Initiatives and President of CTR Inc, a communication firm serving global and local clients seeking a new phase of profitable growth, innovation and sustainability.

terms of sustainability? Where is the “white space” for your company that is consistent with its history and direction? Even if you are in a conservative industry – your choices about both involvement in and promotion of sustainability will influence whether you are seen as a fast follower or industry laggard.

4.Benchmark stakeholder perceptions

of your corporate sustainability performance now. Knowing how you are seen on sustainability – relative to your competitors and other leading companies – is a good place to start setting your objectives. A s se s s how you r compa ny ’s sustainability profile and position as seen by consumers, customers, shareholders and the public at large. Use these insights to gauge what you can capitalize on and what gaps you need to overcome. Since these are early days in d e v e l o p i n g s u s t a i n a b i l i t y credentials – there is current little c o r r e l a t i on b e t w e e n p u b l i c percept ions of sus ta inabi l it y leadership and independent audits of actual performance. But these will begin to align over the coming years and will start to shape access to capital, reputational appeal, employment appeal and related business success factors.

5.Establish your marketing objectives

overall and for each target audience. With your starting points in mind; knowledge of what works based on your industry scans and stakeholder percept ions; and your overa l l position objectives – you are now in a position to establish your market objectives. When you stop and think about it, sustainable business practices are good for business and the communities they serve. Why would you not want to build a reputation for good business?

6.Identify marketing partners to

work w it h to de ve lop you r messaging. Marketing corporate sustainability is relatively new. Debates about the merits of even being involved in sustainability are stil l raging. Finding marketing partners who have both industry

analysts and the market increasingly reward firms that put sustainability at the centre of their corporate strategy.

But greenwashing over the past half decade have made consumers and NGOs both vigilant and skeptical of business initiatives and claims. BP’s Beyond Petroleum blew up with its oil rigs in the Gulf while Wal-Mart has enjoyed grudging respect and praise for its initiatives to reduce its carbon footprint and encourage its suppliers to undertake a range of sustainable initiatives. W he n m a rk e t i n g c o r p o r a t e sustainability - what works is only beginning to become clear and what works is liable to change.

2.S c a n “m a r k e t i n g c o r p o r a t e sustainability” for the most learning on what works. Some studies s u g g e s t t h a t t h i r d - p a r t y announcements of awards and certificates have greater impact on share prices and self-proclaimed sustainability reporting and claims. Recent evidence suggests growing attention to corporate action on sustainability. PwC’s Do investors care about sustainability? (March 2012) makes the case for seven trends that support sustainable act ion by corporat ions – and communication of those actions, by e x t en s ion . Un i l e v e r i s now recognized as the world leader in sustainability based on the actions that it has taken, the openness with wh ic h i t i s t a c k l i n g ma jor sustainability challenges and the fact that it widely publicizes its vision, bold objectives and public reporting of progress (The 2012 Sustainability Leaders report).

3.Audit what competitors are saying

a b o u t t h e i r s u s t a i n a b i l i t y in it iat ives . Susta inabi l it y has b e c o m e p a r t o f c o r p o r a t e positioning. Unilever is making sustainability a central element in its corporate branding – even though much of the impact of its products on the environment is beyond its direct control (the use of its products in showers and washing, for example). How are you r compet itor s pos it ion ing themselves and their products in

corPorAtE sustAinABiLity

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