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Citing the internet’s 2-4 percent contribution to global carbon emissions, IAB Europe said the committee will create standards designed to scale back the environmental impact of the digital advertising industry. The rising tide of sustainability standards. The UK programme was rolled out globally at this year’s Cannes Lions.
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Snap’s stock fell by 25 percent last night after the social media company posted disappointed Q2 financial results, with the company seeing a slowdown in advertiser demand. But now, wider macroeconomic conditions are causing a further fall in advertiser demand. Online and video advertising saw growth of 4.4 percent in Q1.
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Recently, OpenX became a signatory of the Science Based Targets initiative (SBTi) and we’ve committed to becoming a “Net-Zero” enterprise by the end of 2022 (much sooner than the 2030 and 2050 targets most companies have set). Worse, it’s expected to increase by 44x by 2030. Ditto for publishers that sell digital ads.
There needs to be economic incentives, not just pure altruism, for companies to want to measure the carbon footprint of their digital advertising activity — and then take steps to reduce that,” said an executive at a company that’s devoted to helping digital marketers and media reduce their carbon footprint, who declined to speak on the record.
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