There is increasing pressure on businesses to set out their strategy for going green. Aside from having a moral imperative to mitigate climate impact, businesses face increasing scrutiny from investors, clients and customers.
This is coupled with increased scrutiny from the government, which is introducing a number of measures to stop greenwashing – inflating green credentials.
If you are interested in the full discussion, including all the questions from the audience, you can find it here on LinkedIn but what follows are some highlights.
Why do businesses need to communicate their sustainability strategy?
Emma Drake: First, if you’re doing something amazing, then you want to tell everybody about it. As consumers and buyers, we’re increasingly looking for connections to sustainable products and services.
I had a guest on my podcast last week who works with startup companies finding investment for them. She said there’s an increasing number of investors looking to invest in sustainble businesses.
The flip side is consumers and buyers are wary, so it’s important that we communicate all the details and facts of what we’re doing clearly.
Ayo Abbas: The government is forcing peoples hands; every company by 2023 will have to have detailed public plans about how they are going to reach net zero.
Sustainability strategy and sustainability overall, if it’s done well, will be a differentiator; if it’s done badly, it will damage your business.
Me: People are much more savvy about greenwashing, and there’s a lot of scepticism about what businesses are doing or not doing. So it’s increasingly important to talk about what you are doing and your strategy.
Where does open and transparent communications leave us as communicators?
Emma: Greenwashing, whether that’s intentional or unintentional, can lead to a lack of trust from a consumer and a supply chain point of view. It’s a reputation issue that will affect the bottom line eventually.
It’s not just about best practices and communications; it’s about making sure that what we’re selling and what we’re telling people we’re selling are aligned in the simplest terms.Continue reading “How do businesses talk about going green?”