Ad biggies predict green issues will influence brand choices in 2007
Farah Ramzan Golant, chief executive of AMV, said: “We’re at a tipping point. I really believe we are going to see more of this.”
Lee Daley, chairman and chief executive of Saatchi & Saatchi UK, said: “Brands will not be able to opt out of this. Companies which do not live by a green protocol will be financially damaged because consumers will punish them. In the longer term, I do not think they will survive.”
James Murphy, chief executive of RKCR/Y&R, “I think in time a strong environmental brand will become a hygiene factor of doing business. It will also allow you to increase customer loyalty and charge a premium.”
More and more are arguing that this issue will have a growing influence on the brand preferences of consumers.
But they sound a cautionary note. They warn companies against “rushing in” and exaggerating their environmental commitments, if they cannot substantiate them.
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See the original article in the Financial Times, London:
http://www.ft.com/cms/s/ec520b18-ba3d-11db-89c8-0000779e2340.html