A recent survey by The Economist Intelligence Unit identified both the top influencers of – and benefits derived from - corporate environmental risk management (CERM) programs. Two things are curious about these survey results. First, customers and investors rank relatively low in influence (fourth and seventh, respectively) despite the fact that “better corporate reputation” among these groups ranks as the primary benefit for launching CERM in the first place.

Second, “regulators” and “government” exert significant influence – second only to “executive management” – on companies to initiate CERM programs; in terms of benefits, however, “improved relations with regulators” ranks only eighth.

Risk Manager Responses from Recent Survey by

Eco-labels influence consumer behavior in two ways.  First, they introduce green as a considered attribute at the point of sale.  Second, they enable consumers to comparison shop based on green.  Over the past few years, there have been many new eco-labels launched by governments, manufacturers and retailers.  Many of these labels are listed on Consumer Reports’ Greener Choices site.
Interestingly, the Natural Marketing Institute’s 2007 LOHAS Consumer Trends Database report determined that not all eco-labels have the same impact.  In fact, consumers indicate that they are more likely to make eco-friendly purchase decisions if the eco-labels are also widely recognized and trusted brands in of themselves.  Familiar labels for programs like the

These days, green marketers are challenged to efficiently reach consumers and effectively impact their attitudes and behaviors. There are many reasons for this of course: consumer attitudes are still evolving, familiarity with green products is just emerging and purchase behavior is inconsistent within and across categories. As such, marketers tend to look for targetable demographic groups or behaviors that have a higher propensity for green.   In this political year, it is interesting to examine whether political ideology, and more specifically, party identification as a Democrat or Republican is an indicator of interest in green.     Today, there is a common perception that Democrats are more pro-environment than Republicans. Indeed, on issues like

An Interview with Mark Williams, EVP/Partner at The Martin Agency and Planning Director for the “We Can Solve It” Campaign     While many consider the release of Al Gore’s An Inconvenient Truth to be a turning point regarding consumer awareness about climate change, consumer surveys indicate that much work is still left to be done. In fact, six months after the movie’s release, an ACNielsen online consumer survey found that North Americans were the least aware of and concerned about global warming of all respondents from the 46 markets surveyed. Moreover, North Americans were only half as likely as South Americans (Argentina, Brazil and Chile) - those surveyed that were most aware and concerned - to believe that climate change was “a direct result of

Last week, I had the opportunity to witness a milestone being reached in the effort to fight global warming:  officials from 18 states - representing a majority of the US population - signed an agreement at Yale University that committed their states to action on global warming.  While some states like California and New Jersey have already put formal carbon reduction targets into place, this agreement clearly reflects growing national support for action.   Governor Jon Corzine of New Jersey Signing the Governor’s Declaration                   Governor Kathleen Sebelius of Kansas Addressing the Conference Marketers should take careful note.  Shifting political winds are more than a sign that legislation is on the horizon; they also

Shifting from Product Placement to Engagement in Green For decades, marketers have leveraged product placement to influence consumers. The idea is quite simple: leverage media to showcase a product or service being used as part of everyday life in order to shape consumer brand perception and impact purchase behavior. Put a product in the hands of a celebrity and consumers will interpret this as a de facto endorsement. Such placements have been embedded across all types of media including television, film, video games, books and music videos. The digital channel has upended this traditional approach by enabling marketers to go well beyond simple product placements to create meaningful experiences for engagement. Not only does such an approach promise to yield greater brand

Today, many executives, and especially those working in carbon-intensive industries, are grappling with how future carbon regulation may impact their businesses and industries. To deal with uncertainty regarding such strategic issues, many corporate executives turn to scenario planning or even game theory to think about how the future competitive environment may unfold and how it may impact their companies. By doing so, corporate executives are, in effect, peering into the future to get a glimpse of what may come. Given its contribution to climate change, expected growth rate and evolving regulatory environment, the commercial airline industry presents an interesting case study to learn how competitive dynamics may change in a carbon-regulated environment. Today, airlines are

Last week, the green movement received endorsements from some very high places. Religious leaders that represent the two largest Christian denominations in the US - more than 66 million Catholics and 16 million Southern Baptists - declared that environmental protection has religious significance. For Southern Baptists, "any damage we do to this world is an offense against God Himself"; for Catholics, "environmental pollution" is considered a "sin". While not the first religious groups to endorse action to protect the environment, they were significant given their political, economic and social clout within the US and globally. Notably, the Southern Baptist Declaration calls for action on climate change despite an ongoing debate within the community as

This past week, the Industry Standard (IS), an icon of the late nineties Internet boom, relaunched its online property. It did so, however, not as a publisher of industry content but rather as a consumer-driven platform to predict the future. How does a platform such as this enable seemingly ordinary consumers to predict the future? Quite simply, IS taps the "wisdom of crowds" or consensus view to determine the probability that an event will happen in the future. Such an approach assumes that that "aggregation of information in groups...result[s] in decisions that...are often better than could have been made by any single member of the group." Perhaps somewhat surprisingly, this approach has been demonstrated to be quite effective at making accurate

An Interview with thepurplebook Founder Hillary Mendelsohn With the exception of a few select product categories, growing consumer interest in green has not yet translated into substantive changes in purchase behavior by mainstream consumers. Like many nascent categories, green faces many barriers to widespread adoption. In many ways, product adoption in the green space is a classic chicken and an egg problem: uncertain demand leads manufactures to limit the number of products they launch. Limited products and product choice, in turn, curtails demand. However, this only tells half the story as there are many reasons why demand is limited. Even with those receptive to a green message, marketers are challenged by low familiarity with green products. This, in turn, hampers