Landlords who invest in green buildings might be able to lure a higher calibre of tenant – and should have a far higher occupancy level than landlords selling space in non-green buildings. Landlords who invest in green buildings might be … Continue reading
Tag Archives: going-green
The World’s First Vertical Forest Is Growing Sky High
Did you know that Milan is one of the most polluted cities in Italy? Apparently urban sprawl and increased emissions are major causes for slumping air quality in the international fashion capital. So Italian architectStefano Boeri has formulated an unusual plan to … Continue reading
Sustainability Efforts reduce medical claims
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What is the relationship between sustainability and employee morale?
A firm’s financial performance has no correlation with employee happiness levels, according to Courtney Rubin of Inc.1, new research, conducted by the Charlton College of Business in Massachusetts. The report has shown that working for an environmentally-friendly company is often … Continue reading
COP17 brand challenge to South African business
DEAR South African businessmen and women, why so quiet when it comes to the 17th Conference of the Parties to the United Nations Framework Convention on Climate Change? Where’s your advertisement, your support, your commitment?
Closing your eyes won’t help you or the climate. Last year, it was so exciting to see how seemingly every business, government official and South African proudly celebrated and supported the World Cup. This great support and co-operation made the world turn its gaze toward South Africa. It paved the way for many new business ventures and forged strong relations with the international community.
Everyone’s eyes, from Scandinavia to Bangladesh, are again turned toward South Africa, this time for the COP17 climate talks in Durban. There’s plenty at stake, not only business-wise, but also so on a human scale; arguably one of the biggest challenges we have faced so far.
I was at COP15 in Copenhagen, Denmark and experienced the disappointing outcome, but I also saw how businesses were willing to do their part, raise their voices and make a difference. They simply saw the value in it.
This is not about rescuing polar bears; it’s about money. Sustainability is not just the flavour of the month, fanatical tree hugging or a tactical consideration.
Former US president Bill Clinton put it well: “We can choose not to act. But we can no longer choose not to know.”
Business is changing and if you, your brand or your advertising aren’t changing with it, you risk becoming obsolete.
The business opportunity is major. Investors are taking environmental and ethical investments very seriously and the market in Europe alone increased from €2.7 trillion in 2007 to €5 trillion in 2009. That’s almost 10 times the gross domestic product of South Africa.
This is a tendency that has manifested globally despite certain stalemates and sticking points because of the financial crisis. These investments are forecast to grow significantly in the years to come.
Is this the slice of cake you can afford to miss out on? They care; do you?
Moreover, the average South African does care about his or her health, the environment and sustainability. Several surveys have shown that people not only care, but expect you as a brand to do your part and to place equal value in society’s interests as the interests of business (from Edelman’s 2010 global good-purpose study).
Your average customer is also willing to put their money where their mouth is, rewarding brands that make a difference and leaving those on the shelf that don’t.
A 2011 Sustainability Survey from Ogilvy Earth Cape Town revealed that 76 percent of the respondents would be prepared to pay extra for a product or service that was either ethically or environmentally sound.
Consumers care; maybe you should, too? The competition is no longer about being bigger, better or cheaper, but what difference you want to make for people and planet.
Arch-rivals Pepsi and Coca-Cola demonstrate this well. In 2009, Coke launched its PlantBottle made from 30 percent renewable plant-based material. Pepsi is set to up the competition and introduce a bottle made of 100 percent renewable plant-based material next year.
The new responsible competition is fought not only by delivering on similar committed goals – but also by securing your share of a responsible voice in the market place.
Last year Pepsi left its usual celebrity endorsers, such as Britney Spears, on the bench and created a $20 million crowd-sourced community-supporting project, Pepsi Refresh, in the US, that has now spread to other countries around the world.
Pepsi is responsible and its customers are thanking it for for that. If your customers can’t hear and see that you care about them, why should they care about you?
Reframe the climate argument. You simply have to reframe your communication to meet your customers’ worries or aspirations. Maybe for them protecting the climate equals saving money or for the poorest – getting food on the table. Electricity isn’t cheap, petrol isn’t cheap, food and clean water aren’t cheap – and as recent uprisings in neighbouring Mozambique have shown, the poorest are always hit hardest when food prices go up.
Supporting your local community and securing their livelihood is the best way to a prosperous business and a beloved brand.
In that sense, sustainability does have a huge role to play here in South Africa, where more than half the population has very limited resources.
For you, this is a chance to get even closer to your customers and ask them to work together with you to solve some of these pressing issues. It’s a move from target group to collaborators. Suddenly, you’re not advertising to them, but working with them. I can’t think of a stronger brand relationship.
I’ve seen the success companies such as Procter & Gamble has had with its Ariel Turn to 30º campaign, for example, where not only is it launching products that are more climate-friendly but is also inviting its customers along for a resource-saving journey.
This means money saved for you – and money saved for your customers. It’s a win-win situation. When you as a brand take on a greater responsibility, your customers reward you with greater affection.
Is your brand a trusted leader? Dear South African businesses, the climate summit this month and the discussion around it in the following months are an opportunity to begin a responsible journey and take the lead from your competitors, harvest the business advantages and forge a stronger relationship with your customers.
Personally, I think it’s better that your brand gets out there and adds to the responsible voices in the marketplace, rather than continue the campaign for mindless or irresponsible consumerism.
I see this as future-proofing your brand and your business. In uncertain times, people look for leadership and determination, someone who can tell them it’s going to be all right. What is your response?
l Thomas Kolster, who is visiting South Africa from Copenhagen, Denmark, is an advertising consultant, speaker and author of an upcoming book about communication’s pivotal role in the worldwide responsible revolution, The Bible of Goodvertising from Thames & Hudson. Follow @dogoodvertising and @thomaskolster on Twitter or log on to http://thomaskolster.com
Source: IOL http://www.iol.co.za
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Green Building Takes Centre Stage
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