Achieving Sustainable Brand Impact
When brands focus on sustainability, they foster positive perceptions and make it possible for marketers to support ongoing growth. A Brand’s sustainability is its knack to sustain and grow today, without compromising its growth prospects in long term. Rather than chasing short-term gains, this is a holistic, strategic mindset aimed at long-term achievement.
It is a new paradigm that infuses the element of business responsibility in the brand strategy and gives an opportunity to differentiate it from the clutter of me-too brands. While sales growth and market share are important performance indicators of a brand’s performance, it is also important how the Company achieves them.
Brands that focus on sustainable impact add real value for their customers. It brings ethics and value-based decisions to the forefront, strengthening communication with key stakeholders, especially customers. It also addresses aspirational needs, aligning with customers’ cultural beliefs and providing a sense of safety, compliance, and a positive identity through brand ownership.
A sustainable thinking approach aimed at creating a positive and lasting impact helps the company address key material issues faced by the brand and identify the risks and opportunities. Even if the triple bottom line (economic, environmental, social) seems irrelevant to some, addressing these dimensions can create a powerful impact on customers’ minds.
Ultimately, the value you offer is the value you get back. You deliver a superior value proposition to the customer with sustainable benefits, you get it translated into a higher economic value for the firm. At the same time, it results in positive brand identity and brand loyalty. Customers are increasingly becoming conscious today of ethical practices, social responsibility, and impact on the environment, safety & health. So, when a brand creates a sustainable impact on target audiences, the customers who own and endorse the branded product in long term also become ambassadors to give a distinct identity to the brand.
It creates a positive cycle for transparency and sustainability. A Company or brand cannot think of it growing alone at the cost of the environment or customers or community at large. The more sincerely a brand protects stakeholders, the environment, and the community—and actively manages risks—the greater the positive effect on both industry and category growth, not just its own.
Increased awareness about climate change, sustainable development goals, and caring for the less privileged have greatly influenced the value judgments of customers. Long-term, customers will pay more for brands that truly align with their core values and beliefs. Thus, shifting brand strategy towards sustainability helps avoid compliance issues and positions the brand favorably in a world moving towards sustainability.
This approach is more important, when a brand striving for higher growth in the long term and natural resources are material for its growth & sustainability, or when a brand owns up a cause and creates a big positive impact. Given the uniqueness of each brand’s strategy, opportunity, and proposition, strategists should actively pursue inclusive growth and socio-economic value. When sustainability becomes a core part of branding, it results in greater acceptance and resonance with target groups.
At Brandure, we believe every communication asset—be it the brand name, logo, website, emailer, Brochure Design Agency ESG or annual report, ads, newsletter, or packaging—should be consistent and work together. Such a holistic communication strategy generates synergy, maximizing sustainable brand impact. And We at Brandure, help you achieve that.
Stephan Covey rightly enunciated that, “there are three constants in life…change, choice, and principles.” This is the apt saying if we apply it in the context of creating sustainable brand impact.