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WFA Global Media Charter calls for agencies, ad-tech companies, media owners and platforms to work alongside advertisers to create a safer, more transparent, more consumer-friendly environment
The World Federation of Advertisers has published a Global Media Charter, designed to create the conditions for a marketing ecosystem that works better for brands and consumers. The document is available at www.wfanet.org/mediacharter.
Developed by more than ten of the world’s top advertisers[1] as well as advertiser associations in the top ten global ad markets[2], the Global Media Charter sets out eight clear ‘Principles for Partnership’ designed to create a better, more balanced, digital marketing ecosystem.
It seeks to build on the concerns highlighted by Procter & Gamble[3] and Unilever[4] in the areas of transparency, brand safety, ad fraud and viewability by creating a framework that agencies, ad-tech companies and media platforms should comply with if they want to secure advertising revenues in the future.
WFA has worked closely with Procter & Gamble, Unilever, Mastercard and Diageo among other companies as well as advertiser associations in countries including the US, UK, China, Japan, Germany and France to develop the principles which seek to recalibrate the relationships between the tripartite of client, agency and media owners.
Consumer trust in online ads is at an all-time low, especially for online advertising[5], while ad blocking is growing 30% a year globally[6]. WFA believes that the principles outlined in the charter, especially those focused on the responsible use of data, are essential if consumer trust in digital advertising is to be rebuilt.
“The digital ecosystem has grown so rapidly, it’s no wonder that it’s far from perfect. But the time for indulgence is over. The largest chunk of the world’s marketing budgets is now invested in digital platforms and advertisers have a right to demand that the money they invest can be clearly tracked and understood. It’s not just about knowing that budgets have been well spent. We also need to be reassured that brand and consumer interests are protected in these new platforms,” said Stephan Loerke, CEO of the World Federation of Advertisers.
The eight Principles for Partnership require action from both advertisers and those across the media value chain. They are:
WFA, alongside the companies and advertiser associations who helped develop this charter, are calling on all players in the media value chain to work together to implement these eight principles.
Ben Jankowski, Senior Vice President of Media at Mastercard and co-chair of WFA Media Forum said “As the market continues to change quickly, global brands are being more tangible and specific about what we expect from the entire ecosystem; our tech partners, agency partners media owners and digital platforms. The WFA’s Global Media Charter is designed to ensure that everyone has the same common understanding of what we all need to do to thrive. Everyone should join us on this journey.”
Luis Di Como, EVP Global Media, Unilever added “Whether it be viewability, measurement, ad fraud of brand safety, we must work collectively to drive quality and transparency for our consumers and ourselves as advertisers. The Global Media Charter builds on Unilever’s Responsibility Framework and is an essential step on the journey to a better digital ecosystem for the industry and society.”
The topics addressed in the Global Media Charter have been discussed in thousands of meetings and on countless conference stages: non-transparent media, conflicts of interest, rebates & incentives, data ownership & management, brand protection. The list is long. The challenge we as an industry face is bigger still. We need to rebuild trust: between brands and consumers, between brands and agencies and between brands and publishers. It might seem like an impossible task but the WFA Global Media Charter draws an important line in the sand. It identifies, in no uncertain language, what steps the industry needs to take to rebuild trust. Let us start the long and winding road by first making our demands and expectations clear. Then we need to work collaboratively, step by step. Be part of the journey. The time has come,” said Gerhard Louw, international Media management and digital transformation at Deutsche Telekom
WFA President and RBS CMO, David Wheldon, added “The digital eco-system is a minefield for consumers and brands, with the result that online advertising is less and less trusted by consumers and brands are often left questioning their investment strategies. It's high time the industry as a whole drew a line in the sand and said enough is enough; things need to change and fast. The WFA Global Media Charter is critical in that it lists what brands need from their online partners so that the system can be sustainable. Put simply, it's the only future for the online advertising ecosystem."
[1] Including The Coca-Cola Company, Diageo, Deutsche Telekom, FrieslandCampina, L’Oreal, Mastercard, McDonalds, Nestle, P&G, Philips, Unilever
[2] Australia, Brasil, Canada, China, France, Germany, UK, US
[3] Marc Pritchard speech at IAB US, January 29 2017
[4] Keith Weed, speech at IAB US, February 12 2017
[5] https://digiday.com/marketing/global-state-consumer-trust-advertising-5-charts/
[6] https://pagefair.com/blog/2017/adblockreport/
[7] https://www.wfanet.org/news-centre/wfa-manifesto-for-online-data-transparency/