Global warming due to human activity is an increasingly pressing issue for businesses and the aviation industry has been labeled a notorious contributor to greenhouse gas (GHG) emissions. However, the digital ecosystem is now the fastest-growing source of GHG emissions, with a 6% annual increase each year for the last five years. With digital advertising’s growth powering everything from connected TV platforms, retail media and outdoor advertising, the carbon cost of online advertising has become impossible to ignore.
Advertisers, large and small, are making bold promises to eradicate the industry’s carbon footprint in the next decade. However, the lack of accurate and reliable data on the real carbon impact of digital campaigns has been a significant roadblock to achieving net zero. To address this, fifty-five, a global martech consultancy, conducted a study to better understand the carbon impact of brands’ digital advertising campaigns. The study found that a typical digital advertising campaign from a single advertiser produces approximately 323 tons of carbon dioxide or the equivalent of 160 round-trip flights between Paris and New York.
By making several small changes, advertisers can reduce the impact of their digital campaigns by nearly 50%. Here are five recommendations for reducing emissions without harming the efficiency of a campaign:
True change calls for industry-wide collaboration. Organizations led by marketers and analysts from all industries have stepped up to lend industry-level expertise to the growing issue of sustainable advertising. Scope3, a leading force in creating standardization around carbon footprint measurement in advertising, is recognized as a trusted source for sustainable programmatic optimization. The organization has introduced Green Media Products (GMPs) as carbon-neutral media that can be easily measured per advertising campaign. By allocating spend to GMPs, carbon can be priced into decisions for reducing emissions.
By evaluating the advertising channels and marketing strategies behind digital campaigns, advertisers can build systematic carbon accounting and an accelerated reduction plan for their media buy. This ultimately creates new standards to decarbonize the industry’s supply chains. There is still ample progress to be made in the advertising industry’s sustainability journey. By working hand in hand and adopting more sustainable practices and technologies, the industry can play a significant role in the fight against climate change and the transition to a low-carbon economy.
Originally reported by Martech: https://martech.org/how-advertisers-can-take-the-lead-in-reducing-carbon-emissions/
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