In a wake-up call for marketing services firms, Proctor & Gamble Co. unveiled its Supplier Environmental Sustainability Scorecard earlier this month, and, as Ad Age wrote, “neither advertising agencies nor media companies appear to be off the hook.”
The environmental measures include:
- Energy usage
- Waste disposal, reduction and recycling
- Environmental regulatory compliance factors
Also of note is that P&G is providing extra points on the scale (from 1-5, with 5 being the best) to firms that provide sustainability ideas.
The scorecard will initially be rolled out to 400 suppliers throughout P&G’s entire supply chain.
The key takeaway from this news report is the increasing movement of large companies to reward suppliers for green business practices at the expense of competitors who have not demonstrated environmental leadership. The message is clear: cut your carbon footprint, or you will see your revenues cut. This is a sure sign that sustainability goes hand-in-hand with profitability.
WalMart was a real trend-setter here. IBM recently announced their own scorecard system as well.
I totally agree – Wal-Mart has set the bar. I found this of note because it had a specific section for marketing firms. Thanks for reading!