B2B marketing used to follow a straightforward approach centered around the four Ps: product, price, place, and promotion. The main goal was to capture buyers’ attention, guide them through the purchasing journey, and turn them into advocates. Marketers generally understood their responsibilities. However, as marketing evolved, it became more complex. One of the key drivers of this transformation has been the rise of sustainability, which has reshaped marketing’s role.
Sustainability is no longer just a buzzword—it’s a competitive advantage and a business necessity, driven by demands from governments, consumers, investors, and regulators. It has now merged with business strategy, becoming integral to how companies position themselves, as future products and services must incorporate sustainability at their core. However, sustainability is not just an opportunity—it also presents risks. Companies are increasingly vulnerable to scrutiny from stakeholders such as investors, regulators, and customers if they fail to meet sustainability expectations.
The rise of sustainability has expanded the marketer’s role beyond simply focusing on the customer. Marketers must now consider a wider range of stakeholders, including suppliers, investors, NGOs, and employees. Marketing is no longer just about promoting a product or service; it now involves balancing profitability with the impact on people and the planet.
Additionally, the boundaries of marketing’s role in sustainability have blurred. New roles, like Chief Sustainability Officer, have emerged, often reporting directly to the CEO. Responsibility for sustainability messaging is shared across multiple departments and is not owned solely by marketing.
Metrics for marketing success have shifted as well. It’s no longer just about driving more sales—sometimes that conflicts with sustainability goals, such as encouraging recycling over increased consumption. Missteps in sustainability messaging can result in serious consequences, including accusations of greenwashing and financial or reputational damage.
Many marketers are grappling with these changes:
This report delves into the evolving role of marketers, drawing insights from B2B and B2C professionals. It explores how marketers can make sustainability and purpose a core aspect of their responsibilities and the key questions they need to address within their teams and organizations.
Discover how sustainability is transforming marketing. Continue reading to explore new strategies and download the full report for actionable insights.
The insights in this report come from 20 in-depth qualitative interviews conducted by FT Longitude in November and December 2021. We chose participants for their expertise in marketing and communications and corporate sustainability.
COPYRIGHTS DIGITAL MARKETING COMMUNITY 2019