Brands Boycott Facebook
Facebook has been facing a backlash over their apparent money-making activities surrounding fake news garnering high-traffic views based on misinformation and falsehoods, all culminating in a lot of 'news' and posts surrounding George Floyds death and American Police Brutality and Racism.
Brands that Boycott Facebook
But high-profile brands such as Patagonia, Ford, Diageo, Unilever, Starbucks and Adidas boycotting Facebook and its advertising platform to try and push the Social Media giant into doing more to filter and eliminate fake news.
Facebook has been actively trying to use tech to eliminate hate speech on its platform and has been embroiled in many a controversy involving fake news and businesses such as Cambridge Analytica using Facebook to help sway political votes in many countries.
But, this move by some of the worlds largest brands may be the incentive that Facebook needs to really look at this problem in more detail.
Facebook has long swerved the conversation about being a media broadcaster, always dodging that bullet and the responsibilities that come with being a media outlet.
Brands Doing Good
Patagonia are a brand that we have always respected, for its commitment to its people and the planet, as well as their pro-active campaigns around regenerative farming and this move, plays perfectly into their policy of being a good role model – but are some of these other brands using this as a positive PR exercise?
Possibly, but the worlds prominent brands now have the power to take it directly to Facebook (and other Social Media platforms), to ensure that their brands, their value, their message is not tainted by the negative aspects of Facebook.
How will Zuckerberg et al play this one?
It's good to Be Good. B Corporation status for Finisterre
Finisterre is a UK based Surf clothing brand, based in Cornwall. A brand I have followed and admired for their commitment to quality sourced materials for their well designed and durable garments, commitment to their people and the people creating their products and their appreciation of the natural environment.
So it was good to see that Finisterre has voluntarily committed to the B Corporation certification and passed with flying colours. B Corporation status is like having a shiny badge pinned to your merino jumper, that openly communicates with the world that you’re an all-round good egg.
In the words of Tom Kay (Finisterre Founder)
“…committed to using business as a force for good. To become B Corp certified, we have morally and legally committed to prioritising responsibility to the environment and society as well as all stakeholders, from our staff to the people that make our products. Together with a global community of likeminded B Corporations and with the support of our customers, we have the power to make a real difference”.
A force for good
A growing number of brands are striving to set themselves apart from others – by either going through the B Corporation certification process or having credible Social Responsibility Policies that ensure commercial entities can be a real force for good.
Ethically minded buying is also a growing market, with consumers worldwide seeking out those brands that they know are using their money to do good. It helps consumers communicate a message that the clothing they wear, the food they eat has been considered – to reflect their own ethics and morals.
And the B Corporation certification means those that are compliant have to set out a code of conduct that voluntarily holds themselves to higher levels of transparency. This ensures accountability from their customers.
Greater levels of transparency in business are increasingly becoming the norm. Accountability and honesty for brands will be driven by voluntary schemes such as B Corporation, and I would envisage through digital technologies such as Blockchain (specifically Ethereum) that will be a digital ledger of all transactions and contracts a business undertakes – visible in the public domain.
How transparent is your brand? Your values, your social responsibility policy?
What badge are you wearing on your fine Merino sweater?
The Third Industrial Revolution & The Smart Economy
Jeremy Rifkin is an American Economist & Social Theorist.
The Chinese Government and the European Union have taken his advice to help grow their economies through creating a 'Smart Economy', using renewables, technology and internet of things to drastically reduce the cost of creating energy, logistics and communicating.
Vice Impact have put together a documentary, presented by Jeremy himself – where he runs through his vision for the future economy, why non-profits and co-operatives are bucking the trend of a global slow down and why productivity is falling massively around the world on a biblical scale.
It's a gripping documentary based on Jeremys book of the same title, that puts the focus firmly on America woefully lagging behind in this exciting Third Industrial Revolution. And how China and the European Union are placing themselves firmly at the forefront.
Photo by Patrick Hendry on Unsplash
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