
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
The Global Alliance for Responsible Media (GARM) and Ad Net Zero, a sustainability initiative within the advertising industry, have collaborated to establish new industry standards for measuring greenhouse gas (GHG) emissions associated with media campaigns. This development signifies a significant step towards greater transparency and accountability within the advertising sector regarding its environmental impact.
The newly unveiled Global Media Sustainability Framework provides a standardized methodology for calculating the carbon footprint of various media channels, including digital, television, print, audio, outdoor, and cinema advertising. Previously, the lack of a unified approach to measuring media emissions hindered efforts to accurately assess the environmental impact of advertising campaigns. This inconsistency also complicated advertisers’ efforts to set and track sustainability goals.
The development of the Global Media Sustainability Framework involved contributions from a diverse group of stakeholders, including major advertisers, media owners, technology companies, and trade associations. This collaborative approach ensures the framework is comprehensive and reflects the realities of the complex media landscape.
The new standards are expected to have a multifaceted impact on the advertising industry. Firstly, they will enable advertisers to make more informed decisions about media buying, selecting channels with a lower carbon footprint whenever possible. Secondly, the framework will encourage media owners to adopt more sustainable practices throughout their operations, potentially leading to a reduction in energy consumption and reliance on carbon-intensive technologies. Finally, the standardized measurement approach will facilitate industry-wide tracking of progress toward environmental sustainability goals.
While implementing the Global Media Sustainability Framework represents a positive step, challenges remain. The framework’s accuracy and effectiveness will depend on consistent adoption by all industry players. Additionally, developing new media technologies necessitates ongoing updates and refinements to the measurement methodology.
In conclusion, the launch of the Global Media Sustainability Framework by GARM and Ad Net Zero marks a significant milestone in the advertising industry’s efforts to address its environmental impact. The new standards provide a much-needed foundation for measuring media emissions and promoting sustainable practices across the sector. The long-term success of this initiative hinges on widespread adoption and ongoing adaptation to ensure accurate measurement and meaningful progress toward a more sustainable advertising landscape.
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