A favoured route for marketers at the moment is to lead their communications, not with details about their products, but with what they are doing in the Corporate Social Responsibility (CSR) arena. The likes of Shell and BP are companies who you wouldn't think would want to talk about CSR, but are leaders in this field. This is a perplexing trend when you consider that large national companies are the least trusted of institutions. People are more likely to trust the government or their local newspapers than a corporate press release! (Source: World Economic Forum)
So why the bandwagon? Firstly, brand perceptions are increasingly being shaped by corporate responsibility more than product offering or business fundamentals. (Source: Strategic Communications Magazine) Secondly, there has been a change in business sentiment towards CSR programmes. Ten years ago the business world was dominated by accountants, management consultants and the pesky spreadsheet that decreed the financial bottom line as the only criteria to judge performance. Now we are being introduced to concepts such as the "triple bottom line" which suggests that financial, social and environmental criteria all need to be evaluated. And most importantly, companies are taking CSR seriously now, so they actually have something to talk about.
From a communications perspective CSR marketing has become a very pure science. Information that is being released has to be 100% accurate, because in a Googled world, every detail can be scrutinised by sceptics. Consumers are more likely to check up on cause related stats than regular product information. As a result, any CSR programme has to be based on a genuine and comprehensive company programme, and not merely a financial donation that a company may have made to an environmental charity. The last thing a company can be in CSR marketing is a fake, or superficial. Messages that are seeded and supported with actions are going to be far more believable than those that are shouted from the rooftops.
When it comes to CSR, genuine propagation trumps fake propaganda. - Ian