WEBVTT - Responsible Consumerism and its impact on your brand

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<v Speaker 1>Hello and good morning, everyone. Welcome to another session of

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<v Speaker 1>executive insights by media com. All right now, responsible consumerism

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<v Speaker 1>and its impact on your brand. Right? What is it exactly?

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<v Speaker 1>And why is it important for brands to get on

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<v Speaker 1>board and how can brands develop strategies to promote being responsible? Finally,

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<v Speaker 1>what is the bottom line implication we are going to

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<v Speaker 1>talk about all this today with me are three very

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<v Speaker 1>special guests and really no strangers to this topic.

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<v Speaker 1>Now, first, we have Miss Serena Tan, the founder and

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<v Speaker 1>managing partner of Brewer Consulting. She has a track record

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<v Speaker 1>in leading award winning communication programs programs across Asia Pacific

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<v Speaker 1>and is part of campaign Asia's 40 under 40 list. Hi, Serena.

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<v Speaker 1>Hi, everyone.

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<v Speaker 1>All right up. Next is uh Mr Teke Fong, founder

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<v Speaker 1>of Binomial Consulting. Now with over two decades of experience

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<v Speaker 1>in strategy and branding. Khong helps businesses to sharpen their

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<v Speaker 1>strategic management tools to grow in a sustainable manner. Welcome

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<v Speaker 1>Kai Fong

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<v Speaker 2>morning morning, everyone.

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<v Speaker 1>Lastly, Mr Kan Paris, Sami CEO and member of the

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<v Speaker 1>board at Herber Farm. Now, Kan has a wealth of

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<v Speaker 1>experience in the realm of responsible consumerism that he'll be

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<v Speaker 1>sharing today. Welcome. And thank you for your time, Kan.

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<v Speaker 1>Right? So my name is Jade, I head up trade

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<v Speaker 1>marketing within Media Corp. Um Today, I have a different

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<v Speaker 1>role that of a facilitator and moderator. I will also

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<v Speaker 1>be taking your questions so please feel free to send

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<v Speaker 1>them through and we'll try our best to answer. All

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<v Speaker 1>right now, responsible, responsible consumerism is not a new topic

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<v Speaker 1>at all. There has been a lot of awareness about

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<v Speaker 1>being socially responsible, both as an individual and as a brand.

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<v Speaker 1>But really not many are practicing it now from a

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<v Speaker 1>brand perspective. What is the role when it comes to

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<v Speaker 1>responsible consumption? How do we educate and what is the

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<v Speaker 1>budgetary implications in the long run before we jump right in?

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<v Speaker 1>Let's run a poll to get a sense of the rule.

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<v Speaker 1>All right, you should see a pop up

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<v Speaker 1>on your screen, right. The question is, does your brand

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<v Speaker 1>promote responsible consumerism? Now, I want to cover this in

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<v Speaker 1>terms of marketing, communications. All right, you can either choose. Yes. No,

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<v Speaker 1>we will be in the next 3 to 6 months

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<v Speaker 1>or don't know because we really don't know how to

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<v Speaker 1>go about to do it. Like maybe we'll hang up

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<v Speaker 1>for another 10 seconds before we close the poll. Yeah. Ok.

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<v Speaker 1>We're gonna close the poll right now

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<v Speaker 1>and let's see the results. Ok.

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<v Speaker 1>Ok.

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<v Speaker 1>Wow! Ok. It's interesting, like more than half of you actually.

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<v Speaker 1>Said that your company do promote responsible consumerism right about

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<v Speaker 1>now

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<v Speaker 1>and a good about close to 40% said we don't

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<v Speaker 1>know how to go about doing it. This is the

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<v Speaker 1>webinar for you because we will definitely talk about, you know,

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<v Speaker 1>the insights they advise the strategies that brand can take

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<v Speaker 1>on board to promote responsible consumerism. Ok, I will, I'm

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<v Speaker 1>gonna hand over the space of Serena right now, right?

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<v Speaker 1>She will deep dive into this topic about what is

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<v Speaker 1>conscious branding and how can brands unleash the potential of

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<v Speaker 1>responsible consumerism over to you, Serena?

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<v Speaker 1>Thank you, Jade. Good morning, everyone. Thanks again for joining

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<v Speaker 1>us this morning. Um As Jade mentioned, uh my name

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<v Speaker 1>is Serina. I'm the founder and managing partner of Brewer Consulting.

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<v Speaker 1>We're an award winning strategic Communications advisory firm that was

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<v Speaker 1>set up in 2021. So, uh moving on to the

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<v Speaker 1>next slide

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<v Speaker 1>at Brewer, we're all about making a positive impact for

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<v Speaker 1>our clients and society through the power of strategic communications.

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<v Speaker 1>We work very closely with organizations of all sizes. So

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<v Speaker 1>we've got clients from industry giants like Danon Aqua to

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<v Speaker 1>innovative startups like Alaa Paynes, both of which I'll be

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<v Speaker 1>sharing more about later through my work with diverse businesses

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<v Speaker 1>over the last 20 years,

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<v Speaker 1>I've actually witnessed the incredible potential for businesses to shape

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<v Speaker 1>consumer behavior and vice versa. So today I'm delighted to

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<v Speaker 1>be here, not just as a communications strategist and expert,

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<v Speaker 1>but most importantly, as a firm believer in the transformative

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<v Speaker 1>power of responsible consumerism and the positive impact it will bring.

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<v Speaker 1>So as you can see from the video, there are

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<v Speaker 1>dire consequences stemming from the overconsumption of our planet's resources.

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<v Speaker 1>We are essentially living on borrowed reserves from our future generations.

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<v Speaker 1>As consumers, our purchasing choices have the power to influence

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<v Speaker 1>businesses and drive change. Now, moving on to the next slide,

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<v Speaker 1>let's take a look at some interesting stats.

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<v Speaker 1>Did you know that nine out of 10 consumers in

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<v Speaker 1>apex are willing to pay more for products that have

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<v Speaker 1>a positive impact. And eight out of 10 consumers actively

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<v Speaker 1>promote their favorite sustainable products to their family and friends.

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<v Speaker 1>And of these eight people, five in 10 are super promoters.

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<v Speaker 1>So what these numbers show is that there is clearly

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<v Speaker 1>an immense potential for businesses in this area, but this

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<v Speaker 1>is not the only reason why your brand should care

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<v Speaker 1>and moving on to the next slide like it or not.

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<v Speaker 1>This wave of responsible consumption is here to stay. Consumers

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<v Speaker 1>are expecting businesses to contribute to a better environment. And

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<v Speaker 1>when businesses show a genuine commitment to promoting responsible consumer reserve,

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<v Speaker 1>it does pay off in the sense that building trust

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<v Speaker 1>with consumers. And you know what that leads to increased

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<v Speaker 1>customer loyalty, positive word of mouth referral as you saw

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<v Speaker 1>earlier and financial returns.

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<v Speaker 1>So in embracing responsible consumerism is not only a moral

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<v Speaker 1>imperative but also a strategic business decision by aligning your

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<v Speaker 1>brand with ethical practices, you can attract and retain environmentally conscious. Consumers,

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<v Speaker 1>differentiate yourself in the market and contribute to a better

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<v Speaker 1>future for all. And now at this point, you might

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<v Speaker 1>be wondering what role can your brand play in educating

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<v Speaker 1>consumers to make uh to make educated conscious and responsible choices.

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<v Speaker 1>So before I go into this, it's important to first

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<v Speaker 1>understand three key areas,

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<v Speaker 1>first consider the consumer journey, it's important to understand the

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<v Speaker 1>different touch points of your consumer journey and see how

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<v Speaker 1>you can influence your consumers at every part of their journey.

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<v Speaker 1>From awareness, consideration, purchase and advocacy, both digitally and physically.

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<v Speaker 1>So I won't dwell too much into the details as

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<v Speaker 1>Ka Ka Fong will be speaking more about this in

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<v Speaker 1>his segment.

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<v Speaker 1>Second, have a good understanding of what are the most

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<v Speaker 1>impactful channels to engage your consumer just like our planets resources.

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<v Speaker 1>We all know that our budgets are limited. So do

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<v Speaker 1>put your money into the channels that bring you maximum

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<v Speaker 1>packed in this case. Um If you are looking at

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<v Speaker 1>this chart, your brand product elements as well as online

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<v Speaker 1>and social media because this these are the most common

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<v Speaker 1>sources that environmentally conscious consumers turn to when looking for information,

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<v Speaker 1>but adopt an integrated marketing strategy when communicating to your consumers.

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<v Speaker 1>So what you see here on this slide is the

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<v Speaker 1>Peso model which represents a paid earned, shared and owned approach,

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<v Speaker 1>paid media is exactly what it sounds like. You pay

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<v Speaker 1>to market your brand and product. Essentially advertising.

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<v Speaker 1>This, this can come in the form of digital ads,

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<v Speaker 1>sponsored content, lit jam or pay per click campaigns. Earned

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<v Speaker 1>media is focused on pr so it can be anything

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<v Speaker 1>related to media engagement, influencer, partnerships, thought leadership and compared

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<v Speaker 1>to paid media earned media ranks higher in credibility and trust.

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<v Speaker 1>And then we move on to shared media, which is

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<v Speaker 1>social media

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<v Speaker 1>from tiktok to Facebook, Instagram to reviews and forums, own media.

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<v Speaker 1>Last but not least is for content that you own.

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<v Speaker 1>So for example, your website, blogs, podcasts, videos, own media

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<v Speaker 1>is really powerful because you are in control of the

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<v Speaker 1>kinds of content you create and how you share it.

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<v Speaker 1>So by considering the consumer journey, selecting impactful channels and

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<v Speaker 1>adopting an integrated strategy, your brand can now educate, engage,

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<v Speaker 1>convince and inspire your consumers to make responsible choices. Here

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<v Speaker 1>is just some practical steps your brand can take. So

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<v Speaker 1>you could look into transparent product labeling.

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<v Speaker 1>How are you making it helpful and easy for consumers

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<v Speaker 1>to make purchase decisions in store, be digital or online

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<v Speaker 1>engaging in educational content? What kind of content are you creating?

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<v Speaker 1>And what kind of content are you putting out and across?

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<v Speaker 1>What kind of channels?

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<v Speaker 1>Third um partnerships and collaborations. So this essentially helps you

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<v Speaker 1>reach out to a wider pool that's beyond your current

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<v Speaker 1>uh target audience. So thinking about how do you partner

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<v Speaker 1>with communities on the ground think tanks NGO S that

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<v Speaker 1>reach out to environmentally conscious customers

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<v Speaker 1>and also think about how you are educating future generations

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<v Speaker 1>of consumers. So this could be through partnerships with schools

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<v Speaker 1>um or even thinking about partnering with different brands, other

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<v Speaker 1>brands that reach out to a similar group of consumers

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<v Speaker 1>and that gives you the opportunity to educate them and

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<v Speaker 1>last but not least customer engagement, what you are doing

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<v Speaker 1>in store and online. Um ok, so moving on to

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<v Speaker 1>the next section, uh

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<v Speaker 1>I'm just going to show you a case study that

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<v Speaker 1>checked all these boxes. As I mentioned earlier, Danon Aqua

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<v Speaker 1>is one of our key clients and I'm sure you

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<v Speaker 1>heard of this household brand. It is the pioneer of

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<v Speaker 1>uh leading bottled mineral water in Indonesia. It's got a

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<v Speaker 1>50 year history. So every day it serves more than

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<v Speaker 1>150 million Indonesians Daily. That's more than half of Indonesia's population.

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<v Speaker 1>So from day one, Danon Aqua has always been a

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<v Speaker 1>firm believer in building circularity. It's always been educated uh

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<v Speaker 1>committed to education. In 1983 it introduced its first reusable

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<v Speaker 1>packaging in 1993 the first recyclable collection products. And in 2019,

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<v Speaker 1>Aqua was the first brand in Indonesia to launch 100%

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<v Speaker 1>recycled pet bottle.

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<v Speaker 1>Um So it wouldn't surprise you, you know, uh the

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<v Speaker 1>stats that you see on this slide that Aqua is

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<v Speaker 1>the leading waste collector in Indonesia. It collects more than

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<v Speaker 1>18,000 tons of plastic a year and it leads watershed

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<v Speaker 1>preservation in Indonesia.

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<v Speaker 1>All because Aqua believes in building a sustainable Indonesia and

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<v Speaker 1>only when Indonesia is sustainable, then its business is sustainable.

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<v Speaker 1>All of Aqua's efforts are really about future proofing its business.

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<v Speaker 1>And I want to show you um this campaign called Beats,

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<v Speaker 1>which is on the next slide.

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<v Speaker 1>And uh in Bahasa means wise. And so this campaign

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<v Speaker 1>is loosely translated into English as b plastic wise. As

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<v Speaker 1>I mentioned earlier, the plastic circular economy model is one

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<v Speaker 1>of the solutions to tackling the plastic waste problem. So

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<v Speaker 1>a little bit of background about this campaign aqua launched

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<v Speaker 1>it five years ago to support the Indonesian government's bid

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<v Speaker 1>in reducing plastic waste and

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<v Speaker 1>and um the market is not a very mature market.

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<v Speaker 1>So there is a lot of education required to, to

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<v Speaker 1>make sure that consumers are doing the right thing and

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<v Speaker 1>choosing the right thing. And for this campaign, a forged

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<v Speaker 1>a number of strategic partnerships with NGO S and startups

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<v Speaker 1>on the ground to drive innovation and plastic waste collection

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<v Speaker 1>to educate the public, including school Children and local communities.

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<v Speaker 1>And um in terms of the success of this

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<v Speaker 1>campaign, it's reduced plastic waste by 12 tons a year

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<v Speaker 1>since its rollout in 2019. As you can see from

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<v Speaker 1>the video, this initiative with the Malu Dong community, it's

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<v Speaker 1>a V V W O. It started in 2019. It

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<v Speaker 1>focuses on the education and collection of plastic waste in

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<v Speaker 1>the Balinese community. And it's not, not just about educating

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<v Speaker 1>the Locusts. So going a further step um as you know,

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<v Speaker 1>Bali is a popular tourist destination.

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<v Speaker 1>So what Aqua did was that they creatively reached out

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<v Speaker 1>to the many tourists there as well with a special

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<v Speaker 1>600 M L bottle that's only available in Bali. And

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<v Speaker 1>if you look at the packaging, it's all in English,

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<v Speaker 1>it's not in Bahasa. And um and the communications on

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<v Speaker 1>the packaging was kept bite sized and simple to educate

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<v Speaker 1>tourists on how their purchases will make a difference to

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<v Speaker 1>their

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<v Speaker 1>environment. So uh if you look at the slide, it

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<v Speaker 1>says this bottle is made from other bottles, work with

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<v Speaker 1>us for cleaner Indonesia. This bottle is 100% recyclable, plastic

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<v Speaker 1>and recyclable with a call to action at the end

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<v Speaker 1>on the far right. Recycle me. So keeping it very

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<v Speaker 1>brief and short works. Um And now you just want

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<v Speaker 1>to wrap up this case study with

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<v Speaker 1>the next slide. And what Aqua believes in as I

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<v Speaker 1>mentioned earlier is that every good thing they do will

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<v Speaker 1>increase the company's growth and maintain the continuity and sustainability

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<v Speaker 1>of Indonesia. And in the words of its CEO Conny

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<v Speaker 1>Ang who is a Singaporean

0:13:57.369 --> 0:14:00.340
<v Speaker 1>and she works in Indonesia as a company that was

0:14:00.349 --> 0:14:05.700
<v Speaker 1>established and has thrived in Indonesia. Danon, AUA continues to

0:14:05.710 --> 0:14:10.960
<v Speaker 1>strive to maintain, striking a balance between business sustainability and

0:14:10.969 --> 0:14:14.260
<v Speaker 1>nature conservation for a healthier Indonesia.

0:14:15.229 --> 0:14:18.909
<v Speaker 1>So the end of the aqua case study, so you

0:14:18.919 --> 0:14:21.789
<v Speaker 1>know that that is really amazing results, right? As you

0:14:21.799 --> 0:14:25.299
<v Speaker 1>can see now, 18,000 tons of plastic collected a year

0:14:25.309 --> 0:14:28.140
<v Speaker 1>being a pioneer in the circular economy. You know, it's

0:14:28.150 --> 0:14:30.799
<v Speaker 1>it's really nice to see a company selling bottled water,

0:14:30.809 --> 0:14:33.659
<v Speaker 1>no being mindful to the environment and its impact on

0:14:33.669 --> 0:14:37.960
<v Speaker 1>the community. Now, having said that is a huge company

0:14:38.020 --> 0:14:40.539
<v Speaker 1>and some of the brands in the audience are maybe

0:14:40.549 --> 0:14:43.109
<v Speaker 1>a little bit smaller. So what advice would you give

0:14:43.119 --> 0:14:44.020
<v Speaker 1>for sme who want

0:14:44.124 --> 0:14:46.703
<v Speaker 1>to get started? I I believe you have another example

0:14:46.713 --> 0:14:50.294
<v Speaker 1>to share. That's great, great. Um Great point, Jade. So

0:14:50.304 --> 0:14:52.773
<v Speaker 1>as you, as I mentioned earlier, we do work with

0:14:52.783 --> 0:14:56.343
<v Speaker 1>huge companies. We also work with very innovative startups and

0:14:56.354 --> 0:15:00.054
<v Speaker 1>that brings me exactly right to the next case study

0:15:00.064 --> 0:15:05.814
<v Speaker 1>which is a local very creative homegrown startup um called

0:15:05.823 --> 0:15:09.273
<v Speaker 1>Alora Pains. So a little bit of background about Aura

0:15:09.283 --> 0:15:12.914
<v Speaker 1>Alora is an eco-friendly online Pain

0:15:13.018 --> 0:15:17.408
<v Speaker 1>and Pain Supply brand founded just last year and from

0:15:17.418 --> 0:15:21.197
<v Speaker 1>its inception, um what the Ceo Adrian called whom I

0:15:21.208 --> 0:15:25.557
<v Speaker 1>believe is on um this webinar today. So from its inception,

0:15:25.567 --> 0:15:31.997
<v Speaker 1>Adrian has decided that as an environmentally conscious consumer, he

0:15:32.007 --> 0:15:37.937
<v Speaker 1>too would adopt environmentally responsible practices. And in Alora. So

0:15:37.947 --> 0:15:41.807
<v Speaker 1>what Alora does is that it cleverly weaves environmentally

0:15:41.911 --> 0:15:46.502
<v Speaker 1>responsible practices into every aspect of the company from product

0:15:46.512 --> 0:15:50.521
<v Speaker 1>design to manufacturing, to packaging. So let me share a

0:15:50.531 --> 0:15:55.101
<v Speaker 1>few examples. For example, uh it's uh got a 2.5

0:15:55.111 --> 0:16:00.101
<v Speaker 1>liters um very special, optimally sized paint cans. It only

0:16:00.111 --> 0:16:04.142
<v Speaker 1>contains sufficient paint for a feature wall in a H DB.

0:16:04.262 --> 0:16:07.161
<v Speaker 1>What this means is that there's no, there's no wastage.

0:16:07.171 --> 0:16:10.702
<v Speaker 1>And you guys, if you do a home Diy project,

0:16:10.806 --> 0:16:13.695
<v Speaker 1>you'll realize that every time we paint and we cannot

0:16:13.705 --> 0:16:16.476
<v Speaker 1>finish using the paint and we don't know what to

0:16:16.486 --> 0:16:19.656
<v Speaker 1>do with it. And what Alora does is that not

0:16:19.666 --> 0:16:24.195
<v Speaker 1>only does this packaging minimize wastage it on also saves cost.

0:16:24.315 --> 0:16:28.565
<v Speaker 1>And at the same time, left, any, any potential leftover

0:16:28.575 --> 0:16:32.335
<v Speaker 1>paint can be mixed with its paint hardener so that

0:16:32.346 --> 0:16:36.505
<v Speaker 1>it can be disposed of responsibly in household trash without

0:16:36.515 --> 0:16:39.416
<v Speaker 1>polluting the environment. So uh

0:16:39.929 --> 0:16:42.320
<v Speaker 1>if you look at this slide, even though it is

0:16:42.330 --> 0:16:46.340
<v Speaker 1>a startup with a limited marketing budget, we talked about

0:16:46.349 --> 0:16:50.140
<v Speaker 1>resources being finite, right? You can see that aura is

0:16:50.150 --> 0:16:57.169
<v Speaker 1>cleverly engaging its environmentally conscious consumers through product labeling, engaging

0:16:57.179 --> 0:17:01.539
<v Speaker 1>in educational content, especially digital and online because it's an

0:17:01.549 --> 0:17:02.760
<v Speaker 1>e-commerce company.

0:17:02.989 --> 0:17:07.359
<v Speaker 1>Um So it's adopting a peso approach, the paid earned

0:17:07.369 --> 0:17:13.099
<v Speaker 1>share and own approach. It's also having NGO partnerships to

0:17:13.109 --> 0:17:18.099
<v Speaker 1>educate consumers on the ground. So this has brought very

0:17:18.109 --> 0:17:20.839
<v Speaker 1>positive business outcomes. Actually, if you move on to the

0:17:20.849 --> 0:17:21.560
<v Speaker 1>next slide,

0:17:22.790 --> 0:17:25.880
<v Speaker 1>yeah, you'll see that uh it's got a good return

0:17:25.890 --> 0:17:29.859
<v Speaker 1>customer rate. It's got uh seen an increase in the

0:17:29.869 --> 0:17:34.060
<v Speaker 1>total number of orders over the last six months, double

0:17:34.069 --> 0:17:37.910
<v Speaker 1>digit revenue growth. And because of that AA is already

0:17:37.920 --> 0:17:42.688
<v Speaker 1>planning for regional expansion and further extension into its products,

0:17:44.380 --> 0:17:47.050
<v Speaker 1>right? So, so maybe I'll stop you here, right? And

0:17:47.060 --> 0:17:49.910
<v Speaker 1>just to answer the question, it came in from the audience.

0:17:49.920 --> 0:17:53.410
<v Speaker 1>Now someone wrote, how can my business measure and track

0:17:53.420 --> 0:17:56.669
<v Speaker 1>our impact on the environment and society? I think you

0:17:56.680 --> 0:17:59.989
<v Speaker 1>allude you alluded to this in your two examples. Maybe

0:18:00.000 --> 0:18:01.739
<v Speaker 1>you want to expand a little bit more on how

0:18:01.750 --> 0:18:06.089
<v Speaker 1>businesses can actually use measurement tools to track the impact.

0:18:06.689 --> 0:18:10.699
<v Speaker 1>Yeah, sure. So, so um so we talk a lot

0:18:10.709 --> 0:18:15.040
<v Speaker 1>about educating the consumer and we talked about the Peso model.

0:18:15.250 --> 0:18:19.599
<v Speaker 1>So the important thing is measurement cannot only be tracked

0:18:19.609 --> 0:18:24.020
<v Speaker 1>through output. And in um my field of public relations,

0:18:24.030 --> 0:18:28.699
<v Speaker 1>we believe in this framework called the a a measurement framework.

0:18:28.709 --> 0:18:30.149
<v Speaker 1>And we look at

0:18:30.510 --> 0:18:33.260
<v Speaker 1>output is not just like what you do, how much

0:18:33.270 --> 0:18:35.260
<v Speaker 1>money you pay into your ads, how many ads you

0:18:35.270 --> 0:18:37.179
<v Speaker 1>put out, how many press releases you put out, how

0:18:37.189 --> 0:18:40.209
<v Speaker 1>many announcements and interviews you do, right? So that's output.

0:18:40.219 --> 0:18:42.900
<v Speaker 1>After you do the, after you look at the output,

0:18:42.910 --> 0:18:46.520
<v Speaker 1>you need to look at the outtakes. What exactly um

0:18:46.530 --> 0:18:51.219
<v Speaker 1>are consumers doing with your post? Your social media posts?

0:18:51.296 --> 0:18:54.725
<v Speaker 1>Are they sharing, are they liking, you know, the engagement bit?

0:18:54.926 --> 0:18:57.984
<v Speaker 1>And that's not it, then you look at the outcomes,

0:18:58.265 --> 0:19:01.775
<v Speaker 1>you look at the outcomes and you look at business outcomes.

0:19:01.786 --> 0:19:05.865
<v Speaker 1>So whatever communications and marketing efforts we adopt, we are

0:19:05.875 --> 0:19:11.994
<v Speaker 1>always linking it back to whatever business outcomes and outcomes

0:19:12.082 --> 0:19:16.352
<v Speaker 1>do not need to be only linked to dollars and cents.

0:19:16.442 --> 0:19:20.121
<v Speaker 1>It can also be about trust and reputation. So if

0:19:20.131 --> 0:19:24.822
<v Speaker 1>you receive like interest and partnerships, more visits to the website,

0:19:24.832 --> 0:19:28.581
<v Speaker 1>things like that, it actually all brings back to outcomes.

0:19:28.592 --> 0:19:31.391
<v Speaker 1>And last, but not least we want to measure impact

0:19:31.401 --> 0:19:32.791
<v Speaker 1>organizational impact.

0:19:33.050 --> 0:19:35.859
<v Speaker 1>So there are times when I say, for example, we

0:19:35.869 --> 0:19:39.280
<v Speaker 1>put out uh a story. We, we, so so I

0:19:39.290 --> 0:19:42.800
<v Speaker 1>have experienced a few times in my career. So uh

0:19:42.810 --> 0:19:45.359
<v Speaker 1>there was once I was working with N US and

0:19:45.369 --> 0:19:49.179
<v Speaker 1>then we put out a really nice uh article uh

0:19:49.189 --> 0:19:52.459
<v Speaker 1>also with me and Poly, we put out nice articles

0:19:52.500 --> 0:19:56.489
<v Speaker 1>about uh the faculty. And what happened next was that

0:19:56.500 --> 0:19:59.540
<v Speaker 1>they got a like five figure sum donation

0:20:00.489 --> 0:20:05.540
<v Speaker 1>and, and, and, and uh interest in partnership collaborations. So

0:20:05.550 --> 0:20:09.410
<v Speaker 1>like um uh private sector, contacting the schools wanting to

0:20:09.420 --> 0:20:12.339
<v Speaker 1>do something with the schools. So uh this is not

0:20:12.349 --> 0:20:17.300
<v Speaker 1>directly linked to responsible consumerism, which is the topic today.

0:20:17.310 --> 0:20:19.920
<v Speaker 1>But we are talking if we, we are talking about men,

0:20:20.444 --> 0:20:23.125
<v Speaker 1>we need to look at it from a holistic standpoint,

0:20:23.135 --> 0:20:25.604
<v Speaker 1>from a broader, broader point of view as well, right?

0:20:25.614 --> 0:20:27.494
<v Speaker 1>And he has to be continuous, he can't just be

0:20:27.505 --> 0:20:30.385
<v Speaker 1>at the end of a campaign or end of project, right?

0:20:30.525 --> 0:20:34.194
<v Speaker 1>And I'm sure and would have a lot of to

0:20:34.204 --> 0:20:38.234
<v Speaker 1>add to. Yeah. Can any, any inputs or any buys from,

0:20:38.244 --> 0:20:39.405
<v Speaker 1>from both of you?

0:20:40.660 --> 0:20:43.540
<v Speaker 1>Thanks Jade. Let me quickly come in. Uh very good

0:20:43.550 --> 0:20:46.380
<v Speaker 1>morning everyone and I just wanted to say Serena, thank you.

0:20:46.390 --> 0:20:50.319
<v Speaker 1>Uh But on measurement, uh on the environment part, we

0:20:50.329 --> 0:20:54.000
<v Speaker 1>actually participate with the Singapore Environment Council. We did a

0:20:54.010 --> 0:20:56.300
<v Speaker 1>course with them and they gave us a little very

0:20:56.310 --> 0:20:56.550
<v Speaker 1>nice

0:20:56.635 --> 0:20:59.583
<v Speaker 1>two and on which we just answered a variety of

0:20:59.594 --> 0:21:02.285
<v Speaker 1>questions over a few pages and then we were able

0:21:02.295 --> 0:21:05.044
<v Speaker 1>to score. So this measurement is actually very good which

0:21:05.055 --> 0:21:07.675
<v Speaker 1>I will share on the last slide when I when

0:21:07.685 --> 0:21:10.405
<v Speaker 1>it's my turn to present. But it is there out there,

0:21:10.415 --> 0:21:13.504
<v Speaker 1>there are many tools out there. They're also very professionally done,

0:21:13.795 --> 0:21:16.224
<v Speaker 1>but you don't need as a small sme to jump

0:21:16.234 --> 0:21:18.915
<v Speaker 1>into all of that, you need to have traction. What

0:21:18.925 --> 0:21:21.084
<v Speaker 1>you do there are tools out there. Thank you.

0:21:22.729 --> 0:21:23.239
<v Speaker 1>What do you think?

0:21:24.280 --> 0:21:27.140
<v Speaker 2>Yes, they are actually tools out there and to connect

0:21:27.150 --> 0:21:30.000
<v Speaker 2>with what has said sometimes the issue is there are

0:21:30.010 --> 0:21:32.458
<v Speaker 2>too many tools out there. There are many standards that

0:21:32.469 --> 0:21:35.050
<v Speaker 2>you can align with in terms of measuring your own

0:21:35.060 --> 0:21:38.020
<v Speaker 2>business as well as uh the comms, part of it,

0:21:38.030 --> 0:21:41.579
<v Speaker 2>as well as products. Um One tool that I found

0:21:41.589 --> 0:21:43.569
<v Speaker 2>quite useful so can mentioned the S E C one

0:21:43.579 --> 0:21:46.900
<v Speaker 2>that's very useful. The Singapore Stock Exchange S G X

0:21:46.910 --> 0:21:50.199
<v Speaker 2>also has a guide on uh E S G core metrics.

0:21:50.540 --> 0:21:52.609
<v Speaker 2>So that's a PDF that you can download and I

0:21:52.619 --> 0:21:55.069
<v Speaker 2>can share the link as well. Um They've tried to

0:21:55.079 --> 0:21:57.869
<v Speaker 2>make it easy for people who are just starting out

0:21:57.880 --> 0:21:59.909
<v Speaker 2>so you can get started there. And then as you

0:21:59.920 --> 0:22:02.709
<v Speaker 2>get more advanced, start looking into all the G R

0:22:02.719 --> 0:22:05.260
<v Speaker 2>I T C F D, all the various acronyms and

0:22:05.270 --> 0:22:07.089
<v Speaker 2>how they look at the measurements.

0:22:07.439 --> 0:22:10.489
<v Speaker 1>Yeah. Yes. So as, as, as you heard, there's many,

0:22:10.500 --> 0:22:12.510
<v Speaker 1>many tools. So if you are really interested to find

0:22:12.520 --> 0:22:14.890
<v Speaker 1>out what some of these tools are, write to us

0:22:14.900 --> 0:22:17.199
<v Speaker 1>and we'll send you the links. OK? All right. Back

0:22:17.209 --> 0:22:17.869
<v Speaker 1>to you, Serena.

0:22:18.869 --> 0:22:22.420
<v Speaker 1>All right. So um moving on to the next section,

0:22:22.430 --> 0:22:25.649
<v Speaker 1>um we are at the conclusion of my segment. So

0:22:25.660 --> 0:22:29.198
<v Speaker 1>as you can see from both the Aqua and Allora examples,

0:22:29.209 --> 0:22:32.670
<v Speaker 1>it's clear that regardless of whether you are an industry

0:22:32.680 --> 0:22:35.920
<v Speaker 1>giant or a small startup, as long as you

0:22:36.084 --> 0:22:38.834
<v Speaker 1>set out to do the right thing and are smart

0:22:38.844 --> 0:22:43.395
<v Speaker 1>in your approach, every effort, big or small counts and

0:22:43.405 --> 0:22:47.014
<v Speaker 1>will eventually pay off both to your business and the environment.

0:22:47.104 --> 0:22:51.364
<v Speaker 1>So um just a few key takeaways here by doing

0:22:51.375 --> 0:22:53.234
<v Speaker 1>your part for the planet.

0:22:53.949 --> 0:22:57.729
<v Speaker 1>You are future proofing your business as you would have

0:22:57.739 --> 0:23:01.899
<v Speaker 1>seen from uh what we have from Dan on and

0:23:01.910 --> 0:23:06.359
<v Speaker 1>a laura and effective communications and engagement is key to

0:23:06.369 --> 0:23:11.040
<v Speaker 1>maximizing impact and driving change. So, looking at your consumer journey,

0:23:11.050 --> 0:23:14.649
<v Speaker 1>deciding on which are the most impactful channels and adopting

0:23:14.660 --> 0:23:16.300
<v Speaker 1>a Peso model to

0:23:16.375 --> 0:23:21.296
<v Speaker 1>excite and convince your customers and also inspire them to

0:23:21.306 --> 0:23:24.956
<v Speaker 1>take action. And last but not least you can successfully

0:23:24.965 --> 0:23:30.495
<v Speaker 1>marry environmentally responsible practices with positive brand and financial outcomes.

0:23:30.505 --> 0:23:34.365
<v Speaker 1>Thank you. Right. Thank you, Serena. That was really, really interesting. Now,

0:23:34.375 --> 0:23:38.514
<v Speaker 1>if anything just remember Peso model paid

0:23:38.802 --> 0:23:43.351
<v Speaker 1>earn, right? Uh What's next shared and owned and also

0:23:43.362 --> 0:23:47.251
<v Speaker 1>the last three key takeaways, right? And uh Serena has

0:23:47.261 --> 0:23:51.141
<v Speaker 1>also mentioned about two very, very different case studies. OK,

0:23:51.261 --> 0:23:55.911
<v Speaker 1>very different examples, different budgets but similar results, higher brand awareness,

0:23:55.921 --> 0:24:00.091
<v Speaker 1>better customer retention engagement, and most importantly, continued growth in

0:24:00.102 --> 0:24:03.312
<v Speaker 1>terms of revenue. Now you've seen the why? Let's hear

0:24:03.321 --> 0:24:06.691
<v Speaker 1>the how, how can you get started in this journey? Right?

0:24:06.702 --> 0:24:08.191
<v Speaker 1>K from the space is yours

0:24:08.540 --> 0:24:12.689
<v Speaker 2>morning. Thanks. Thanks, Serena. That was a great presentation. I

0:24:12.699 --> 0:24:15.458
<v Speaker 2>established a case for why it's important for us to

0:24:15.469 --> 0:24:20.150
<v Speaker 2>look at responsible consumerism, particularly push and promote that. Um

0:24:20.160 --> 0:24:22.819
<v Speaker 2>My name is Kate Fong. I'm the founder of Binomial.

0:24:22.829 --> 0:24:24.948
<v Speaker 2>We're a strategy consulting company

0:24:25.760 --> 0:24:28.640
<v Speaker 2>and we looked at we we help businesses achieve long

0:24:28.650 --> 0:24:32.790
<v Speaker 2>term growth and positive impact in four key areas. Uh innovation.

0:24:32.800 --> 0:24:35.250
<v Speaker 2>We tend to help uh our clients look at new

0:24:35.260 --> 0:24:38.109
<v Speaker 2>ideas to grow and to win. Then we help them

0:24:38.119 --> 0:24:42.030
<v Speaker 2>sort out the the excess of ideas. Sometimes if you

0:24:42.040 --> 0:24:44.550
<v Speaker 2>will figure out priorities and trade-offs,

0:24:44.900 --> 0:24:46.540
<v Speaker 2>then we help them figure out. So how do you

0:24:46.550 --> 0:24:50.619
<v Speaker 2>communicate and brand this uh externally obviously, but also internally

0:24:50.630 --> 0:24:53.849
<v Speaker 2>as well. And recently we started saying, ok, if you've

0:24:53.859 --> 0:24:56.530
<v Speaker 2>done well for the business, take a step back and

0:24:56.540 --> 0:24:59.770
<v Speaker 2>see what you can do for the broader environment and community.

0:24:59.780 --> 0:25:02.310
<v Speaker 2>And so that's very relevant to our topic today in

0:25:02.319 --> 0:25:04.890
<v Speaker 2>terms of responsible com uh consumerism.

0:25:05.579 --> 0:25:08.890
<v Speaker 2>Now, Serena's built the case. You can really as a

0:25:08.900 --> 0:25:12.699
<v Speaker 2>business tap on the growing segment of responsible consumers. I mean,

0:25:12.709 --> 0:25:16.969
<v Speaker 2>the stats are looking pretty good, 90% will pay more.

0:25:17.310 --> 0:25:20.380
<v Speaker 2>Uh uh And I'm not sure if she mentioned this today,

0:25:20.390 --> 0:25:24.810
<v Speaker 2>but she mentioned yesterday, 50% of uh the those consumers

0:25:24.819 --> 0:25:28.729
<v Speaker 2>will become super promoters and they constantly become your champions

0:25:28.739 --> 0:25:32.089
<v Speaker 2>and push your business forward. So that's real reasons to,

0:25:32.099 --> 0:25:34.010
<v Speaker 2>to get into this space and look at how it

0:25:34.020 --> 0:25:36.180
<v Speaker 2>can benefit your business um

0:25:37.040 --> 0:25:38.689
<v Speaker 2>before all this money. Of course,

0:25:39.709 --> 0:25:41.400
<v Speaker 2>it's the right thing to do. So I think she

0:25:41.410 --> 0:25:44.239
<v Speaker 2>Serena has established that I won't go into that too much,

0:25:44.250 --> 0:25:45.939
<v Speaker 2>but it's the right thing to do. I want to

0:25:45.949 --> 0:25:47.760
<v Speaker 2>talk about the how because it will also help you

0:25:47.770 --> 0:25:51.579
<v Speaker 2>grow the business beyond growing, beyond tapping on this growing

0:25:51.589 --> 0:25:53.300
<v Speaker 2>segment of responsible consumers.

0:25:53.829 --> 0:25:57.698
<v Speaker 2>You can also look at your own existing customers and

0:25:57.709 --> 0:26:01.040
<v Speaker 2>use what you do um in the A S G

0:26:01.150 --> 0:26:06.339
<v Speaker 2>and in responsible consumerism to drive loyalty and retention among them,

0:26:06.410 --> 0:26:09.169
<v Speaker 2>we see that trend coming. If you really want to

0:26:09.180 --> 0:26:12.849
<v Speaker 2>keep your customers, you have to answer some difficult questions

0:26:12.859 --> 0:26:15.359
<v Speaker 2>they have about how are you helping make sure that

0:26:15.369 --> 0:26:18.438
<v Speaker 2>I am a responsible consumer. I need your help because

0:26:18.449 --> 0:26:20.239
<v Speaker 2>I'm buying from you. So help me out there.

0:26:21.300 --> 0:26:24.500
<v Speaker 2>So that's the important bit for, for me in terms

0:26:24.510 --> 0:26:26.989
<v Speaker 2>of the how the three key things

0:26:28.449 --> 0:26:30.089
<v Speaker 2>uh that we want to look at.

0:26:31.339 --> 0:26:34.569
<v Speaker 2>The first thing is to start with the right mindset.

0:26:34.579 --> 0:26:39.979
<v Speaker 2>Um And it's really seeing what responsible consumerism should be,

0:26:40.280 --> 0:26:43.589
<v Speaker 2>then take a step back and look at your business

0:26:43.599 --> 0:26:47.060
<v Speaker 2>from a value chain approach. There was an earlier question

0:26:47.069 --> 0:26:49.469
<v Speaker 2>in the Q and A about how do I promote

0:26:49.479 --> 0:26:53.540
<v Speaker 2>responsible consumerism uh across all aspects of my brand, this

0:26:53.550 --> 0:26:54.569
<v Speaker 2>talks about that.

0:26:54.849 --> 0:26:58.060
<v Speaker 2>And then number three, Serena mentioned it earlier. She talked

0:26:58.069 --> 0:27:01.510
<v Speaker 2>about how you can use this in your marketing communication

0:27:01.699 --> 0:27:06.329
<v Speaker 2>to really help drive your customers to become responsible consumers.

0:27:06.339 --> 0:27:09.020
<v Speaker 2>So let's go into each of them very quickly. Uh

0:27:09.030 --> 0:27:12.660
<v Speaker 2>Tom Fishman comic here, depending on which shade of green

0:27:12.670 --> 0:27:15.540
<v Speaker 2>and green consumers are part of responsible consumers, not all

0:27:15.550 --> 0:27:18.300
<v Speaker 2>of it, they are also, you know, ethical consumers and

0:27:18.310 --> 0:27:18.680
<v Speaker 2>all that,

0:27:18.930 --> 0:27:21.550
<v Speaker 2>but depending on which shade of green you want, that's OK.

0:27:21.560 --> 0:27:23.579
<v Speaker 2>As long as you don't green wash and I I

0:27:23.589 --> 0:27:26.939
<v Speaker 2>know this term has been brought up. So often that people,

0:27:26.949 --> 0:27:29.930
<v Speaker 2>businesses like yourself must have heard it or could be

0:27:29.939 --> 0:27:34.000
<v Speaker 2>familiar with it. For us, the right mindset is just

0:27:34.010 --> 0:27:37.380
<v Speaker 2>finding that balance, what you want to do on one

0:27:37.390 --> 0:27:41.030
<v Speaker 2>end is to get started, do something. Um And you

0:27:41.040 --> 0:27:43.430
<v Speaker 2>want to be authentic and honest about it. And if

0:27:43.439 --> 0:27:44.859
<v Speaker 2>you say, oh, I don't really don't

0:27:45.270 --> 0:27:48.319
<v Speaker 2>take the opportunity to learn partner with others. They are

0:27:48.329 --> 0:27:52.020
<v Speaker 2>nonprofits can mention S E C Singapore Environment Council. There

0:27:52.030 --> 0:27:55.270
<v Speaker 2>are other uh organizations that you can partner with and

0:27:55.280 --> 0:27:58.139
<v Speaker 2>work with to help you get started as well. So

0:27:58.150 --> 0:28:00.739
<v Speaker 2>on one end, you just want to get started and

0:28:00.750 --> 0:28:03.589
<v Speaker 2>get going. Uh Well, 56 of you are a percent

0:28:03.599 --> 0:28:06.099
<v Speaker 2>of you are already looking at it. So I assume

0:28:06.109 --> 0:28:09.119
<v Speaker 2>you're already on that journey. On the other end, what

0:28:09.130 --> 0:28:11.040
<v Speaker 2>you want to avoid is obviously green washing. So

0:28:11.349 --> 0:28:13.359
<v Speaker 2>this isn't a time to fake it till you make

0:28:13.369 --> 0:28:16.079
<v Speaker 2>it or to sort of to, to boost it up

0:28:16.089 --> 0:28:20.290
<v Speaker 2>in this space. Consumers are hyper sensitive. So say what

0:28:20.300 --> 0:28:23.379
<v Speaker 2>you do do what you say, don't add in any

0:28:23.390 --> 0:28:26.410
<v Speaker 2>flavoring and, and sauce for this part of the business.

0:28:26.420 --> 0:28:29.089
<v Speaker 2>This isn't some sort of a financial forecast and, and

0:28:29.099 --> 0:28:32.859
<v Speaker 2>it's time to be bullish. Uh No. So for this space,

0:28:32.869 --> 0:28:35.140
<v Speaker 2>responsible consumerism when you're promoting it,

0:28:35.729 --> 0:28:38.260
<v Speaker 2>just say what you do do what you say.

0:28:39.130 --> 0:28:41.099
<v Speaker 2>The other thing to avoid also is because of all

0:28:41.109 --> 0:28:42.569
<v Speaker 2>they say, well, I'm not going to get started. It's

0:28:42.579 --> 0:28:45.140
<v Speaker 2>just too difficult. I there's so many metrics I could,

0:28:45.150 --> 0:28:48.239
<v Speaker 2>could look at, I don't know, just get going. It,

0:28:48.250 --> 0:28:51.150
<v Speaker 2>it's ok as long as you're authentic about the fact

0:28:51.160 --> 0:28:53.300
<v Speaker 2>that you're starting on this journey or you're early in

0:28:53.310 --> 0:28:56.380
<v Speaker 2>the journey perfectly fine. And the last thing I think

0:28:56.390 --> 0:29:00.219
<v Speaker 2>Serena's established this as well. It is all our problems

0:29:00.229 --> 0:29:04.170
<v Speaker 2>from individuals, as leaders as businesses. We can all make

0:29:04.180 --> 0:29:05.380
<v Speaker 2>a difference. Um

0:29:05.709 --> 0:29:08.170
<v Speaker 2>I volunteer at the Jane Goodall Institute and she always

0:29:08.180 --> 0:29:11.180
<v Speaker 2>likes to say everyone makes a difference. You just have

0:29:11.189 --> 0:29:14.540
<v Speaker 2>to decide what difference you want to make. Um So

0:29:14.550 --> 0:29:16.780
<v Speaker 2>businesses can really move the needle,

0:29:18.199 --> 0:29:20.989
<v Speaker 1>you know, maybe I'll just stop you here for a while, right?

0:29:21.000 --> 0:29:23.359
<v Speaker 1>Because as you say, you, you, you know, businesses need

0:29:23.369 --> 0:29:27.489
<v Speaker 1>to walk to talk and you know, and avoid green washing.

0:29:27.569 --> 0:29:29.939
<v Speaker 1>But a lot of times I do see that, you know,

0:29:29.949 --> 0:29:33.229
<v Speaker 1>brands probably don't take the lead in changing certain behaviors

0:29:33.239 --> 0:29:34.609
<v Speaker 1>because they don't see the

0:29:34.680 --> 0:29:37.489
<v Speaker 1>demand for it. But on the other hand, right, consumers

0:29:37.500 --> 0:29:39.609
<v Speaker 1>are actually waiting for a brand to walk the talk

0:29:39.619 --> 0:29:42.369
<v Speaker 1>as you say and help them to be more responsible.

0:29:42.380 --> 0:29:44.890
<v Speaker 1>So there is that disconnect there, I mean, what is

0:29:44.900 --> 0:29:48.410
<v Speaker 1>your view on this? Should they just get started regardless

0:29:48.420 --> 0:29:51.599
<v Speaker 1>or you know, they they adopt a wait and see approach.

0:29:52.010 --> 0:29:55.760
<v Speaker 2>So the short answer is yes. Um I think brands

0:29:55.770 --> 0:29:58.930
<v Speaker 2>and brands need to control the narrative is, is a

0:29:58.939 --> 0:30:01.719
<v Speaker 2>single sentence answer to it. I think if you're trying

0:30:01.729 --> 0:30:04.339
<v Speaker 2>to grow your business and you're serious about what your

0:30:04.349 --> 0:30:07.199
<v Speaker 2>business is, you want to take the lead and be

0:30:07.209 --> 0:30:11.689
<v Speaker 2>proactive in pulling the right segment of customers to you

0:30:11.780 --> 0:30:15.140
<v Speaker 2>and nurturing customers to hit the right way. Um

0:30:15.650 --> 0:30:19.109
<v Speaker 2>The we we as people as human beings, we need

0:30:19.119 --> 0:30:22.550
<v Speaker 2>to care about E S G about climate change, about

0:30:22.560 --> 0:30:26.290
<v Speaker 2>excessive consumerism. So there is the whole ethical, are we

0:30:26.300 --> 0:30:28.369
<v Speaker 2>doing the right thing as business owners and leaders? So

0:30:28.380 --> 0:30:30.699
<v Speaker 2>we got to check that box and then there's the

0:30:30.709 --> 0:30:32.969
<v Speaker 2>judiciary duties. So are we growing our business doing right

0:30:32.979 --> 0:30:36.839
<v Speaker 2>by our shareholders and stakeholders to check that box as well?

0:30:37.170 --> 0:30:40.839
<v Speaker 2>It connects with all the numbers. We've seen consumers already

0:30:40.849 --> 0:30:44.130
<v Speaker 2>indicate that if done, right? I would love to buy

0:30:44.140 --> 0:30:45.859
<v Speaker 2>from you and I don't pay, I don't mind paying

0:30:45.869 --> 0:30:46.869
<v Speaker 2>a bit extra.

0:30:47.579 --> 0:30:50.760
<v Speaker 2>The whole problem is a lot of companies start to

0:30:50.770 --> 0:30:52.579
<v Speaker 2>green wash and say, oh yeah, yeah, we, we, we

0:30:52.589 --> 0:30:54.579
<v Speaker 2>saved the planet, the moon and the sun as well.

0:30:54.900 --> 0:30:57.949
<v Speaker 2>Um So that's a huge pushback but don't let that

0:30:57.959 --> 0:31:00.500
<v Speaker 2>stop us. I think on this slide, that's what we're

0:31:00.510 --> 0:31:03.829
<v Speaker 2>trying to say with the right mindset. It's ok. It's

0:31:03.839 --> 0:31:05.130
<v Speaker 2>ok to take baby steps.

0:31:05.719 --> 0:31:07.910
<v Speaker 2>People will still reward you for it in a while.

0:31:07.920 --> 0:31:09.979
<v Speaker 2>I'll talk about the value chain and we could see

0:31:09.989 --> 0:31:11.849
<v Speaker 2>what are some baby steps. We can take.

0:31:12.069 --> 0:31:15.079
<v Speaker 1>So three keywords here control the narrative. I think that's

0:31:15.089 --> 0:31:16.449
<v Speaker 1>the most important thing. Yeah.

0:31:16.800 --> 0:31:22.349
<v Speaker 2>Yes, yes, thanks. Um So if you've got the right mindset,

0:31:23.810 --> 0:31:26.300
<v Speaker 2>uh what you want to then do is to say, OK,

0:31:26.310 --> 0:31:29.250
<v Speaker 2>so I got my thinking right? How do I look

0:31:29.260 --> 0:31:31.680
<v Speaker 2>at all this uh in terms of the approach of

0:31:31.689 --> 0:31:35.219
<v Speaker 2>the mindset, uh there are many different types out there,

0:31:35.300 --> 0:31:38.319
<v Speaker 2>this I strongly encourage, which is a circular economy. Uh

0:31:38.329 --> 0:31:40.800
<v Speaker 2>Serena has talked about it in her Dan known example

0:31:40.810 --> 0:31:41.319
<v Speaker 2>as well.

0:31:41.415 --> 0:31:44.864
<v Speaker 2>Essentially, it basically takes a linear approach from raw material

0:31:44.875 --> 0:31:47.714
<v Speaker 2>to product and sales and it loops it back to say,

0:31:47.724 --> 0:31:50.665
<v Speaker 2>how can we ensure the the purple arrow here on

0:31:50.675 --> 0:31:54.645
<v Speaker 2>the left, the waist uh remains as little as possible.

0:31:54.655 --> 0:31:57.505
<v Speaker 2>How do we push things back? So the raw material

0:31:57.515 --> 0:32:01.984
<v Speaker 2>stream becomes smaller every single step here is an opportunity

0:32:01.994 --> 0:32:04.444
<v Speaker 2>for you to make a difference in your business and

0:32:04.454 --> 0:32:08.165
<v Speaker 2>to communicate that difference to drive responsible consumerism.

0:32:08.640 --> 0:32:13.199
<v Speaker 2>And that's the third thing consumers today, particularly younger consumers

0:32:13.209 --> 0:32:15.750
<v Speaker 2>are very happy to hear about your story. It used

0:32:15.760 --> 0:32:17.569
<v Speaker 2>to be that people didn't want to know what you

0:32:17.579 --> 0:32:19.599
<v Speaker 2>did in the backroom like, hey, you just make the thing,

0:32:19.680 --> 0:32:21.750
<v Speaker 2>I'll just enjoy it, right? So whether it's a product

0:32:21.760 --> 0:32:23.969
<v Speaker 2>or service, I don't even know how you've done it.

0:32:24.599 --> 0:32:26.410
<v Speaker 2>But if you look at what's going on in social

0:32:26.420 --> 0:32:29.290
<v Speaker 2>media and all that these days, everyone is sharing behind

0:32:29.300 --> 0:32:32.930
<v Speaker 2>the scenes, open the pop the hood. Let's see what's underneath.

0:32:33.189 --> 0:32:37.469
<v Speaker 2>So every step of the way in your circular economy

0:32:37.839 --> 0:32:41.329
<v Speaker 2>is an opportunity to share your journey and tell the story.

0:32:41.339 --> 0:32:44.449
<v Speaker 2>This can be in terms of whether you've chosen to

0:32:44.459 --> 0:32:48.930
<v Speaker 2>use raw material and products. Um whether you've designed for

0:32:48.939 --> 0:32:51.680
<v Speaker 2>product life extension, you've sourced ethically

0:32:52.579 --> 0:32:55.270
<v Speaker 2>in terms of manufacturing and packaging, whether you reduce the

0:32:55.280 --> 0:32:59.250
<v Speaker 2>amount of carbon footprint, your pro uh production plants use,

0:32:59.260 --> 0:33:03.250
<v Speaker 2>whether you give fair wages to people in logistics, partnering

0:33:03.260 --> 0:33:07.770
<v Speaker 2>with the carbon neutral transportation partners optimizing your supply chain.

0:33:08.140 --> 0:33:12.650
<v Speaker 2>And then obviously in sales and marketing, visual merchandizing, install operations,

0:33:12.660 --> 0:33:15.709
<v Speaker 2>whether you can cut down carbon footprint. Again, this part,

0:33:15.719 --> 0:33:17.729
<v Speaker 2>I'll talk a bit uh in the next slide of

0:33:17.739 --> 0:33:21.010
<v Speaker 2>storytelling across all possible touch points and through partners like

0:33:21.020 --> 0:33:22.030
<v Speaker 2>influencers

0:33:22.319 --> 0:33:25.839
<v Speaker 2>and this last bit on after sales uh is slightly

0:33:25.849 --> 0:33:27.959
<v Speaker 2>new for a lot of brands and businesses which is

0:33:27.969 --> 0:33:31.030
<v Speaker 2>end of life. Typically, we rely on government to come

0:33:31.040 --> 0:33:35.400
<v Speaker 2>in and regulate this. But increasingly more companies are looking

0:33:35.410 --> 0:33:37.119
<v Speaker 2>at this more seriously. And if you think about a

0:33:37.130 --> 0:33:40.479
<v Speaker 2>lot of new companies, startup companies, they start talking about

0:33:40.489 --> 0:33:42.930
<v Speaker 2>end of life a lot more. Uh in Singapore. Uh

0:33:42.939 --> 0:33:46.280
<v Speaker 2>recently e waste has been regulated in terms of end

0:33:46.290 --> 0:33:48.550
<v Speaker 2>of life, uh produces responsibility,

0:33:48.760 --> 0:33:52.430
<v Speaker 2>uh plastic packaging will come soon as well. Traditionally, things

0:33:52.439 --> 0:33:55.599
<v Speaker 2>like tires have always been regulated. Um So you want

0:33:55.609 --> 0:33:58.849
<v Speaker 2>to look into that as Well, now as you look across,

0:33:58.859 --> 0:34:00.880
<v Speaker 2>I spent a bit of time on this slide because

0:34:00.920 --> 0:34:04.079
<v Speaker 2>this is where you get to answer that question. Look

0:34:04.089 --> 0:34:06.839
<v Speaker 2>at it across all aspects of your brand, simply to

0:34:06.849 --> 0:34:08.969
<v Speaker 2>look at it from raw material all the way to

0:34:08.979 --> 0:34:11.739
<v Speaker 2>end of life. Now I'll come back to this slide

0:34:11.750 --> 0:34:13.810
<v Speaker 2>later on to talk about the, the quick winds or

0:34:13.820 --> 0:34:15.030
<v Speaker 2>the low hanging fruits.

0:34:15.350 --> 0:34:18.770
<v Speaker 2>But if you look across this, every single sort of

0:34:18.780 --> 0:34:19.620
<v Speaker 2>diamond shape

0:34:20.408 --> 0:34:23.049
<v Speaker 2>step in the process is an opportunity for you to

0:34:23.059 --> 0:34:25.739
<v Speaker 2>tell the story. People want to know and you should

0:34:25.748 --> 0:34:28.698
<v Speaker 2>tell it across different touch points, social media and website.

0:34:29.168 --> 0:34:32.158
<v Speaker 2>Whether if you've got a store of your retail BBC company,

0:34:32.358 --> 0:34:35.718
<v Speaker 2>put it in your store, visual merchandizing. If you sell products,

0:34:35.729 --> 0:34:38.309
<v Speaker 2>there are opportunities to put it in your products as well.

0:34:38.559 --> 0:34:39.039
<v Speaker 2>Um

0:34:40.110 --> 0:34:43.270
<v Speaker 2>There is especially with the older companies a sense that yeah,

0:34:43.280 --> 0:34:45.750
<v Speaker 2>let me not talk about all these things because people

0:34:45.760 --> 0:34:48.889
<v Speaker 2>want to know what benefits my product have. I think

0:34:48.899 --> 0:34:49.939
<v Speaker 2>the case here is

0:34:50.729 --> 0:34:55.010
<v Speaker 2>one of the benefits that needs to be clearly communicated

0:34:55.100 --> 0:34:58.689
<v Speaker 2>is what you're doing for responsible consumerism. The case is

0:34:58.699 --> 0:35:01.129
<v Speaker 2>there that people care about it and the opportunities for

0:35:01.139 --> 0:35:04.679
<v Speaker 2>you to communicate it. Yeah, I'll show you a case example,

0:35:04.689 --> 0:35:06.719
<v Speaker 2>not a client of mine, I wish but show you

0:35:06.729 --> 0:35:10.158
<v Speaker 2>a case example of one of the best practices. Um

0:35:10.169 --> 0:35:13.840
<v Speaker 2>So this uh this case um is one of the

0:35:13.850 --> 0:35:15.439
<v Speaker 2>best practices when it comes to

0:35:15.689 --> 0:35:21.780
<v Speaker 2>helping consumers be responsible and then promoting responsible consumerism. They

0:35:21.790 --> 0:35:24.699
<v Speaker 2>started all the way from the founding of the company,

0:35:24.709 --> 0:35:28.439
<v Speaker 2>they baked it into their values. So internally, the first group, they,

0:35:28.449 --> 0:35:32.760
<v Speaker 2>they sort of promoted responsible consumerism is uh to the staff.

0:35:32.770 --> 0:35:34.360
<v Speaker 2>So they want to make sure people who join the

0:35:34.370 --> 0:35:35.459
<v Speaker 2>company Patagonia,

0:35:36.250 --> 0:35:36.620
<v Speaker 2>the

0:35:37.620 --> 0:35:41.109
<v Speaker 2>they are aligned with these set of values in case

0:35:41.120 --> 0:35:42.290
<v Speaker 2>you're not familiar with the brand. Let me just go

0:35:42.300 --> 0:35:45.120
<v Speaker 2>back one slide. They do outdoor wear. So the guys,

0:35:45.129 --> 0:35:48.969
<v Speaker 2>everything on him could be Patagonia. Yeah. So they encourage

0:35:48.979 --> 0:35:52.949
<v Speaker 2>uh uh outdoor weather. It's hiking, trekking, climbing, snowboarding, skiing,

0:35:52.959 --> 0:35:53.870
<v Speaker 2>all that sort of stuff,

0:35:54.679 --> 0:35:57.330
<v Speaker 2>surfing as well. Um So they're known for that.

0:35:57.929 --> 0:36:01.969
<v Speaker 2>I'll show you a short video that, that communicates how

0:36:01.979 --> 0:36:03.899
<v Speaker 2>they promote responsible consumerism.

0:36:07.110 --> 0:36:10.889
<v Speaker 2>No longer. Can we assume the earth's resources are limitless?

0:36:11.699 --> 0:36:15.310
<v Speaker 2>We wrote this in our first catalog in 1972.

0:36:17.030 --> 0:36:21.659
<v Speaker 2>Nearly 50 years later, it's only gotten worse today. The

0:36:21.669 --> 0:36:25.678
<v Speaker 2>clothing industry contributes up to 10% of the pollution driving

0:36:25.689 --> 0:36:26.819
<v Speaker 2>the climate crisis.

0:36:28.360 --> 0:36:30.879
<v Speaker 2>For as long as we've been in business, we've seen

0:36:30.889 --> 0:36:34.810
<v Speaker 2>quality as an environmental issue. That's why we build clothes

0:36:34.820 --> 0:36:37.239
<v Speaker 2>to endure. So you don't need to buy new as

0:36:37.250 --> 0:36:37.840
<v Speaker 2>often

0:36:40.689 --> 0:36:45.510
<v Speaker 2>we make gear with recycled materials, we grow food and fiber,

0:36:45.520 --> 0:36:49.389
<v Speaker 2>the way nature intended, we promote safe and fair labor

0:36:49.399 --> 0:36:50.870
<v Speaker 2>conditions for workers.

0:36:52.669 --> 0:36:55.509
<v Speaker 2>There are some things you can do too when you

0:36:55.520 --> 0:36:59.469
<v Speaker 2>want something new. Ask yourself, do I really need it?

0:37:00.219 --> 0:37:03.280
<v Speaker 2>Look for one product you can use in multiple ways,

0:37:04.669 --> 0:37:07.379
<v Speaker 2>repair what you wear out and pass things down

0:37:08.709 --> 0:37:10.179
<v Speaker 2>demand, recycled

0:37:11.389 --> 0:37:13.000
<v Speaker 2>demand, fair trade

0:37:14.250 --> 0:37:15.659
<v Speaker 2>demand, organic,

0:37:17.709 --> 0:37:20.159
<v Speaker 2>buy less demand more.

0:37:23.639 --> 0:37:29.060
<v Speaker 2>So you can see with Patagonia, they are not about

0:37:29.070 --> 0:37:31.389
<v Speaker 2>pushing their products first and you can see this on

0:37:31.399 --> 0:37:34.050
<v Speaker 2>their website as well. If you type in Patagonia dot com,

0:37:34.060 --> 0:37:36.879
<v Speaker 2>you probably see something like this. If you think about

0:37:36.889 --> 0:37:39.029
<v Speaker 2>the first block of what a consumer would see on

0:37:39.040 --> 0:37:43.370
<v Speaker 2>their website, it talks about their values and beliefs rather

0:37:43.379 --> 0:37:45.299
<v Speaker 2>than their products, which is the next in line. You

0:37:45.310 --> 0:37:47.870
<v Speaker 2>need to scroll down and there are links leading the

0:37:47.879 --> 0:37:51.089
<v Speaker 2>the consumer away to other things. So this really sort

0:37:51.100 --> 0:37:51.290
<v Speaker 2>of

0:37:51.989 --> 0:37:54.429
<v Speaker 2>puts in practice their beliefs. So the website is part

0:37:54.439 --> 0:37:57.459
<v Speaker 2>of it, the marketing campaign, this is an award winning ad.

0:37:57.469 --> 0:38:00.760
<v Speaker 2>They did don't buy this jacket. They talk about repairing

0:38:01.550 --> 0:38:04.540
<v Speaker 2>so they directly go against the green and say, yeah,

0:38:04.550 --> 0:38:07.399
<v Speaker 2>please don't buy more from us. Our stuff are expensive

0:38:07.600 --> 0:38:09.120
<v Speaker 2>but you can wear it for a long time

0:38:10.310 --> 0:38:12.428
<v Speaker 2>and then they start saying, ok, well, the products part

0:38:12.439 --> 0:38:14.590
<v Speaker 2>of it, let's also think about people and from their

0:38:14.600 --> 0:38:20.020
<v Speaker 2>staff to the community, they start engaging uh like-minded individuals. Now, obviously,

0:38:20.030 --> 0:38:21.860
<v Speaker 2>this has a knock on effect on their products as

0:38:21.870 --> 0:38:24.009
<v Speaker 2>well on the sales as well because a community of

0:38:24.020 --> 0:38:27.270
<v Speaker 2>champions and ambassadors will start buying your products and start

0:38:27.280 --> 0:38:28.699
<v Speaker 2>introducing it to others.

0:38:30.310 --> 0:38:33.090
<v Speaker 2>And finally, a couple of months ago in September 2022

0:38:33.110 --> 0:38:36.719
<v Speaker 2>the founder Yvon Shana, he donated the company uh to

0:38:36.989 --> 0:38:39.610
<v Speaker 2>collective which is a charity, a not for profit that

0:38:39.620 --> 0:38:43.510
<v Speaker 2>focuses on climate change uh and saving the, the environment.

0:38:43.540 --> 0:38:47.270
<v Speaker 2>So this is the ultimate right, the of, of how,

0:38:47.280 --> 0:38:49.899
<v Speaker 2>how far it goes is essentially converting a for profit

0:38:49.909 --> 0:38:52.879
<v Speaker 2>to a, a not not for profit in a way. Now,

0:38:53.270 --> 0:38:55.629
<v Speaker 2>this is a great example and I encourage you to

0:38:55.639 --> 0:38:58.500
<v Speaker 2>look at Patagonia a bit more in depth. Uh They've

0:38:58.510 --> 0:39:01.959
<v Speaker 2>got sustainability reports, they talk about how they measure and

0:39:01.969 --> 0:39:04.820
<v Speaker 2>track in a very rigorous manner to ensure that uh

0:39:04.830 --> 0:39:09.610
<v Speaker 2>responsibility and ensure that authenticity. Um What I want to

0:39:09.620 --> 0:39:11.270
<v Speaker 2>say to you here is we don't have to be

0:39:11.280 --> 0:39:14.388
<v Speaker 2>Patagonia to get started. You could be selling products, B

0:39:14.399 --> 0:39:16.178
<v Speaker 2>to C B to B services.

0:39:17.659 --> 0:39:20.620
<v Speaker 2>They are in a high effort, high impact sort of space.

0:39:20.629 --> 0:39:22.189
<v Speaker 2>So they invest a lot in and they get a

0:39:22.199 --> 0:39:24.820
<v Speaker 2>lot out of it. Uh We can start small, it's

0:39:24.830 --> 0:39:28.408
<v Speaker 2>perfectly to start with smaller things. So here this space

0:39:28.419 --> 0:39:31.969
<v Speaker 2>is really to avoid analysis, paralysis, just get started and

0:39:31.979 --> 0:39:33.879
<v Speaker 2>authentically start engaging your consumer.

0:39:34.584 --> 0:39:36.415
<v Speaker 2>What you want to avoid is just to make sure

0:39:36.425 --> 0:39:38.215
<v Speaker 2>you don't get into the, you put in a lot.

0:39:38.225 --> 0:39:41.794
<v Speaker 2>But for vanity metrics or just for low impact stuff,

0:39:41.804 --> 0:39:44.544
<v Speaker 2>and if you can find a low effort, high impact space. Well,

0:39:44.554 --> 0:39:47.534
<v Speaker 2>that's the, that's the holy grail. But I guess what

0:39:47.544 --> 0:39:49.745
<v Speaker 2>I'm really saying is it's ok to start small and

0:39:49.754 --> 0:39:52.895
<v Speaker 2>just keep building up words, there are companies we can

0:39:52.905 --> 0:39:55.314
<v Speaker 2>look up to and reference in terms of how good

0:39:55.324 --> 0:39:56.094
<v Speaker 2>good can be.

0:39:57.479 --> 0:40:00.009
<v Speaker 2>So I'm showing you this slide again just with quick

0:40:00.020 --> 0:40:02.050
<v Speaker 2>wins because I, I want to connect back to my

0:40:02.060 --> 0:40:04.000
<v Speaker 2>last slide and say so what are easy things you

0:40:04.010 --> 0:40:05.750
<v Speaker 2>can get started in each of the areas.

0:40:06.560 --> 0:40:08.530
<v Speaker 2>You could, you don't have to figure everything out yourself.

0:40:08.540 --> 0:40:12.080
<v Speaker 2>You could partner with suppliers. Sometimes these suppliers are themselves

0:40:12.090 --> 0:40:16.689
<v Speaker 2>promoting by uh uh their uh sustainable practices and responsible practices.

0:40:16.699 --> 0:40:18.760
<v Speaker 2>So you can already read it off their website. You

0:40:18.770 --> 0:40:22.050
<v Speaker 2>can get that information from them, you can choose them, right?

0:40:22.580 --> 0:40:25.310
<v Speaker 2>Uh In terms of the manufacturing, water waste energy, those

0:40:25.320 --> 0:40:29.199
<v Speaker 2>are easy things to get going, packaging, plastic packaging, particularly

0:40:29.209 --> 0:40:32.340
<v Speaker 2>single use ones. Uh big topic there. Uh a lot

0:40:32.350 --> 0:40:34.120
<v Speaker 2>of insights that you can get also in terms of

0:40:34.129 --> 0:40:36.370
<v Speaker 2>how we can reduce it. And I know is gonna talk,

0:40:36.379 --> 0:40:39.620
<v Speaker 2>give you an actual example of his company shortly. Um

0:40:39.729 --> 0:40:43.790
<v Speaker 2>in terms of inventory and logistics partner with the right people,

0:40:43.800 --> 0:40:46.949
<v Speaker 2>they a lot of logistics partners talk about their carbon footprint.

0:40:46.959 --> 0:40:49.570
<v Speaker 2>Now have a look, choose the right one

0:40:50.179 --> 0:40:52.979
<v Speaker 2>in terms of your own sales and marketing, huge opportunity

0:40:52.989 --> 0:40:56.339
<v Speaker 2>to educate consumers. I mean that video from Patagonia and

0:40:56.350 --> 0:40:58.399
<v Speaker 2>all the other stuff they do on their products in

0:40:58.409 --> 0:41:01.800
<v Speaker 2>their stores, they publish books. Uh Those are all different

0:41:01.810 --> 0:41:05.040
<v Speaker 2>opportunities you can tap on. Serena talked about Peso and

0:41:05.050 --> 0:41:07.100
<v Speaker 2>how you the old part of it, your own

0:41:07.340 --> 0:41:10.679
<v Speaker 2>uh channels are very powerful. Take advantage of all of

0:41:10.689 --> 0:41:13.850
<v Speaker 2>that showcase your products and highlight attributes on your products.

0:41:13.860 --> 0:41:17.500
<v Speaker 2>Those are all opportunities uh for quick wins. And finally,

0:41:17.510 --> 0:41:20.639
<v Speaker 2>if you're not doing this offer, help with repair, find

0:41:20.649 --> 0:41:24.500
<v Speaker 2>ways to help your customers recycle, resell their secondhand stuff

0:41:24.510 --> 0:41:27.020
<v Speaker 2>and dispose of the the stuff when it has to

0:41:27.030 --> 0:41:29.469
<v Speaker 2>be disposed responsibly. So

0:41:29.739 --> 0:41:32.509
<v Speaker 2>this one slide for me is quick wins to get started.

0:41:32.520 --> 0:41:35.110
<v Speaker 2>If you check some of these bullet points or boxes, great.

0:41:35.120 --> 0:41:37.929
<v Speaker 2>If you haven't finished off the rest and then get

0:41:37.939 --> 0:41:41.279
<v Speaker 2>going in depth into each of these diamonds. Yeah, my

0:41:41.290 --> 0:41:44.919
<v Speaker 2>last slide um beyond all this, you know, I've done

0:41:44.929 --> 0:41:45.250
<v Speaker 2>the quick.

0:41:45.344 --> 0:41:48.574
<v Speaker 2>What else can you do? Um I think there's the

0:41:48.584 --> 0:41:50.715
<v Speaker 2>short term things we can do the quick wins. You

0:41:50.725 --> 0:41:52.823
<v Speaker 2>can start thinking in terms of midterm and long term

0:41:52.834 --> 0:41:55.685
<v Speaker 2>as well. Start doing some planning in terms of where

0:41:55.695 --> 0:41:57.985
<v Speaker 2>can my business grow? If I start putting on a

0:41:57.995 --> 0:42:00.875
<v Speaker 2>lens of promoting responsible consumerism,

0:42:01.239 --> 0:42:03.469
<v Speaker 2>then you want to. Obviously, I showed this in my

0:42:03.479 --> 0:42:06.279
<v Speaker 2>second slide after you've done the work, a good brand

0:42:06.290 --> 0:42:08.879
<v Speaker 2>reflects a good business. So you can talk about branding,

0:42:09.060 --> 0:42:12.169
<v Speaker 2>you want to engage your people that's your, your staff,

0:42:12.179 --> 0:42:15.629
<v Speaker 2>your uh customers and even the broader community. So they

0:42:15.639 --> 0:42:19.739
<v Speaker 2>become your advocates, look a bit more at product innovation,

0:42:19.899 --> 0:42:23.379
<v Speaker 2>continue building the community. So you can see you can

0:42:23.389 --> 0:42:24.919
<v Speaker 2>do more and more and more. But I wanted to

0:42:24.929 --> 0:42:27.379
<v Speaker 2>start with quick wins, you can get going and then

0:42:27.389 --> 0:42:30.250
<v Speaker 2>a sense of what else you can do after that. Yeah.

0:42:30.580 --> 0:42:33.590
<v Speaker 2>So that's all from me in terms of the, how

0:42:33.600 --> 0:42:35.709
<v Speaker 2>you can promote responsible consumerism.

0:42:35.899 --> 0:42:39.290
<v Speaker 1>Yeah, thank you. OK. That was a lot of great information.

0:42:39.300 --> 0:42:41.590
<v Speaker 1>And you know, I'm I'm looking at the questions that

0:42:41.600 --> 0:42:44.879
<v Speaker 1>are really coming in fast and furious. So um I'm

0:42:44.889 --> 0:42:47.090
<v Speaker 1>going to hold off some of your questions towards the

0:42:47.100 --> 0:42:49.919
<v Speaker 1>end because I think they will be answered when you

0:42:49.929 --> 0:42:52.439
<v Speaker 1>hear from Hanna next, right? Because so we're going to

0:42:52.449 --> 0:42:53.409
<v Speaker 1>hear from a brand that is really

0:42:53.495 --> 0:42:58.324
<v Speaker 1>committed to deliver a responsible consumer experience and the process

0:42:58.334 --> 0:43:00.165
<v Speaker 1>it went through to get to where they are and

0:43:00.175 --> 0:43:03.975
<v Speaker 1>the results of that just switch in mindset. So looking

0:43:03.985 --> 0:43:07.784
<v Speaker 1>at the questions, there are questions about, you know, government subsidies,

0:43:07.794 --> 0:43:11.705
<v Speaker 1>government uh partnerships, car. Can we ensure that our vendors

0:43:11.715 --> 0:43:13.745
<v Speaker 1>and uh partners are

0:43:14.090 --> 0:43:19.040
<v Speaker 1>uh prioritizing responsible consumerism? Um There is a, a question

0:43:19.050 --> 0:43:23.540
<v Speaker 1>on um price competitive, competitiveness as well. So I think

0:43:23.550 --> 0:43:26.820
<v Speaker 1>Canon will actually answer all the questions in his contact.

0:43:26.830 --> 0:43:29.020
<v Speaker 1>So I'm gonna hand that over to can over to you.

0:43:29.379 --> 0:43:34.009
<v Speaker 1>Thank you, Jade. Firstly, very quickly, I think Serena, your

0:43:34.040 --> 0:43:37.050
<v Speaker 1>model and Peso is very, very well. It, we uh

0:43:37.060 --> 0:43:39.620
<v Speaker 1>we have paid a, we do a lot of that

0:43:39.629 --> 0:43:42.199
<v Speaker 1>stuff and so is we're gonna talk about that in

0:43:42.209 --> 0:43:45.939
<v Speaker 1>our brand and then uh very nicely, you,

0:43:46.310 --> 0:43:48.529
<v Speaker 1>we did the road map that some of this, we

0:43:48.540 --> 0:43:53.080
<v Speaker 1>have already do some accidentally. So as a small sme

0:43:53.090 --> 0:43:56.979
<v Speaker 1>this is uh our lives. Ok. We over farm and

0:43:56.989 --> 0:44:00.050
<v Speaker 1>uh we are in the healthy lifestyle space. If you

0:44:00.060 --> 0:44:02.389
<v Speaker 1>can just go to the next slide. Thank you.

0:44:04.239 --> 0:44:07.370
<v Speaker 1>Yes. In a healthy lifestyle space, we've been around for

0:44:07.379 --> 0:44:10.860
<v Speaker 1>20 years. The company was founded by Vigen Gun, a

0:44:11.100 --> 0:44:15.949
<v Speaker 1>very adventurous person. But more importantly for our point here,

0:44:15.969 --> 0:44:21.169
<v Speaker 1>uh environmental friendly person, he really concerned about the environment

0:44:21.179 --> 0:44:24.120
<v Speaker 1>and people. That's how this business was started. And that's

0:44:24.129 --> 0:44:28.060
<v Speaker 1>why we, our main goal is to offer healthier choices

0:44:28.070 --> 0:44:31.030
<v Speaker 1>for people to have products that can make them live healthier.

0:44:31.260 --> 0:44:33.530
<v Speaker 1>So in the 20 years, we have been able to

0:44:33.540 --> 0:44:38.259
<v Speaker 1>sell 3.2 million products and we have made 600,000 deliveries

0:44:38.270 --> 0:44:42.638
<v Speaker 1>as Serena's uh earlier presentation would have said to you, 70%

0:44:42.649 --> 0:44:46.139
<v Speaker 1>of greenhouse gasses is produced by businesses. So we actually

0:44:46.149 --> 0:44:50.100
<v Speaker 1>contribute to that. So we feel somewhat responsible to try

0:44:50.110 --> 0:44:51.090
<v Speaker 1>to help this

0:44:51.399 --> 0:44:56.049
<v Speaker 1>situation changed. So we, we have taken this responsibility from

0:44:56.060 --> 0:44:59.189
<v Speaker 1>the onset. So we have 50 other staff here, but

0:44:59.199 --> 0:45:01.649
<v Speaker 1>I'll very quickly tell you about this part of the

0:45:01.659 --> 0:45:03.689
<v Speaker 1>social impact of our staff.

0:45:04.560 --> 0:45:09.689
<v Speaker 1>More than 60 more than 80% of female, more than 50%

0:45:09.830 --> 0:45:13.729
<v Speaker 1>are in their seniors age. We have got 46% of

0:45:13.739 --> 0:45:16.020
<v Speaker 1>them who have been with us for more than 10 years.

0:45:16.090 --> 0:45:18.570
<v Speaker 1>This is the state state of our

0:45:19.310 --> 0:45:22.259
<v Speaker 1>stuff that keeps us going. So we are doing something

0:45:22.270 --> 0:45:24.590
<v Speaker 1>right that when people want to stay with us, we

0:45:24.600 --> 0:45:30.000
<v Speaker 1>have got 50,000 loyal customers, 35,000 of them regularly buy

0:45:30.010 --> 0:45:33.870
<v Speaker 1>from us. 15,000 of them are buying every now and

0:45:33.879 --> 0:45:39.010
<v Speaker 1>then and usually uh by the next year continuously and

0:45:39.020 --> 0:45:41.120
<v Speaker 1>this is how this happened. But very quickly, I'll tell

0:45:41.129 --> 0:45:43.120
<v Speaker 1>you about 60 year productive. We can go to the

0:45:43.129 --> 0:45:43.820
<v Speaker 1>next slide.

0:45:44.570 --> 0:45:47.699
<v Speaker 1>This is a lifestyle diseases. So we, we are responsible

0:45:47.709 --> 0:45:49.839
<v Speaker 1>in that way that we don't keep selling what other

0:45:49.850 --> 0:45:52.820
<v Speaker 1>people sell. We do have our vitamins and all. But

0:45:52.830 --> 0:45:56.659
<v Speaker 1>we focus on lifestyle diseases like diabetes, your because of

0:45:56.669 --> 0:46:00.259
<v Speaker 1>eye abuse, your eye health, 70% of our revenue is

0:46:00.270 --> 0:46:04.060
<v Speaker 1>from sales of nutraceuticals. The rest comes from healthier choice,

0:46:04.070 --> 0:46:07.060
<v Speaker 1>fast moving consumer goods. If we can move to the

0:46:07.070 --> 0:46:08.659
<v Speaker 1>next slide. Thank you.

0:46:09.229 --> 0:46:11.669
<v Speaker 1>All right. So what are we here for? Why? Why

0:46:11.679 --> 0:46:15.819
<v Speaker 1>are we invited to speak about responsible consumerism? Because we

0:46:15.830 --> 0:46:19.080
<v Speaker 1>are a company that has put purpose before profits, right?

0:46:19.090 --> 0:46:23.439
<v Speaker 1>We are healthier choices in the Singaporean sustainable lifestyle space

0:46:23.449 --> 0:46:26.560
<v Speaker 1>is uh known people know us for that and we

0:46:26.570 --> 0:46:28.679
<v Speaker 1>just want to make the world a better place. You

0:46:28.689 --> 0:46:31.939
<v Speaker 1>might think it's lofty, but it's inspired by something if

0:46:31.949 --> 0:46:34.040
<v Speaker 1>we can move to the next page.

0:46:34.320 --> 0:46:36.939
<v Speaker 1>OK. We are inspired by Ray Anderson, right? He's a

0:46:36.949 --> 0:46:42.070
<v Speaker 1>known in the corporate sustainability industry and he said about purpose.

0:46:42.330 --> 0:46:44.510
<v Speaker 1>If you are just going to make profits, you see

0:46:44.520 --> 0:46:47.510
<v Speaker 1>something is wrong with this picture. We cannot exist just

0:46:47.520 --> 0:46:50.399
<v Speaker 1>to make profits. We must exist for a higher good.

0:46:50.679 --> 0:46:53.830
<v Speaker 1>And then uh a literate from um

0:46:54.169 --> 0:46:58.370
<v Speaker 1>the father of Japanese literature. Mr Sauro said individually, we

0:46:58.379 --> 0:47:01.399
<v Speaker 1>are one drop together. We are an ocean. So with

0:47:01.409 --> 0:47:04.419
<v Speaker 1>the right mindset, the object is we can find ways

0:47:04.429 --> 0:47:07.100
<v Speaker 1>to make the world a better place. That's our inspiration.

0:47:07.199 --> 0:47:10.110
<v Speaker 1>We have been like this from the onset. All right.

0:47:10.260 --> 0:47:13.939
<v Speaker 1>So now we come to this little thing about responsible consumerism.

0:47:14.229 --> 0:47:18.250
<v Speaker 1>So where we are in with regards to this same

0:47:18.260 --> 0:47:21.909
<v Speaker 1>thing we procure, we have vendor management. Let's quickly talk

0:47:21.919 --> 0:47:24.939
<v Speaker 1>about this vendor management question earlier that was asked.

0:47:25.179 --> 0:47:27.299
<v Speaker 1>So what we have done is we have tightened up

0:47:27.310 --> 0:47:30.770
<v Speaker 1>in the last 5 to 6 years. Our vendor registration,

0:47:30.780 --> 0:47:33.989
<v Speaker 1>we make sure our vendors are qualified. We ask them

0:47:34.000 --> 0:47:37.449
<v Speaker 1>sustainable questions. Where do you source from all this? So

0:47:37.459 --> 0:47:40.229
<v Speaker 1>it's just not about price anymore. It's about what they

0:47:40.239 --> 0:47:43.679
<v Speaker 1>do and how they procure. So it's like some of

0:47:43.689 --> 0:47:46.270
<v Speaker 1>our products that we buy from America. It comes with

0:47:46.280 --> 0:47:47.570
<v Speaker 1>the GMP stamp.

0:47:47.750 --> 0:47:50.139
<v Speaker 1>So you won't find vendors with all these green labels

0:47:50.149 --> 0:47:53.270
<v Speaker 1>and all that. They may have the green label GMP stamp.

0:47:53.280 --> 0:47:56.270
<v Speaker 1>They may also have the green labeling but GMP stamp,

0:47:56.280 --> 0:48:00.259
<v Speaker 1>the GMP itself, which is a good manufacturing practices. So

0:48:00.270 --> 0:48:04.000
<v Speaker 1>they have got sustainable requirements for you to get that stamp.

0:48:04.010 --> 0:48:06.830
<v Speaker 1>So if you have that stamp, you probably are already sustainable.

0:48:06.840 --> 0:48:09.080
<v Speaker 1>So we try to do our best. All our products

0:48:09.090 --> 0:48:10.259
<v Speaker 1>have the GMP stamp

0:48:10.540 --> 0:48:14.449
<v Speaker 1>and we also check on freight. How far are you,

0:48:14.459 --> 0:48:17.629
<v Speaker 1>what are the impact on moving this stuff to us

0:48:17.639 --> 0:48:20.299
<v Speaker 1>and stuff like this? But sometimes these things have to

0:48:20.310 --> 0:48:22.909
<v Speaker 1>be done. This is a pain that we have to take,

0:48:22.919 --> 0:48:26.750
<v Speaker 1>but we get responsible throughout the rest of our lives. Ok.

0:48:26.810 --> 0:48:30.259
<v Speaker 1>So packaging wise, ok, we, we started packaging. We are

0:48:30.270 --> 0:48:30.689
<v Speaker 1>small company

0:48:30.780 --> 0:48:34.389
<v Speaker 1>and even though we are environmentally friendly, we had to

0:48:34.510 --> 0:48:36.870
<v Speaker 1>shrink wrap and all we have removed all of this.

0:48:36.879 --> 0:48:39.770
<v Speaker 1>Now we have changed better and we have come now

0:48:39.780 --> 0:48:43.870
<v Speaker 1>with operations as well. So our coo Luge Shiva Prakash.

0:48:43.879 --> 0:48:47.029
<v Speaker 1>So she was and she's an operation guru if you like.

0:48:47.040 --> 0:48:49.779
<v Speaker 1>So I asked her to help us digitize the business,

0:48:49.790 --> 0:48:50.929
<v Speaker 1>she digitized this.

0:48:51.260 --> 0:48:54.929
<v Speaker 1>So this changed our way. We work paper trail. We

0:48:54.939 --> 0:49:00.319
<v Speaker 1>save 1.1 ton of paper by digitizing our offices. We

0:49:00.330 --> 0:49:03.090
<v Speaker 1>have two premises. Now we can operate in with a

0:49:03.100 --> 0:49:06.139
<v Speaker 1>touch of a button before we had to deliver stuff

0:49:06.149 --> 0:49:09.189
<v Speaker 1>and all that very archaic. But that's the, the beauty

0:49:09.199 --> 0:49:10.250
<v Speaker 1>of digitization.

0:49:10.510 --> 0:49:14.759
<v Speaker 1>So, before I go further, we have plans to do

0:49:14.770 --> 0:49:17.629
<v Speaker 1>a refilling station. All right, we sell the oldest soap

0:49:17.639 --> 0:49:20.479
<v Speaker 1>in the world. It's called the A soap 800 years old.

0:49:20.489 --> 0:49:23.199
<v Speaker 1>It comes in bath form. We have tried to influence

0:49:23.209 --> 0:49:25.209
<v Speaker 1>the market and we have, we sell it well, it's, it's,

0:49:25.219 --> 0:49:29.459
<v Speaker 1>it's true. We sell it about 100 200 pieces a day.

0:49:29.600 --> 0:49:33.689
<v Speaker 1>But the usage is still very commonly shower gel. So

0:49:33.699 --> 0:49:36.929
<v Speaker 1>we got the manufacturer to exclusively make for us shower

0:49:36.939 --> 0:49:37.259
<v Speaker 1>gel

0:49:37.790 --> 0:49:41.260
<v Speaker 1>in this a form, right? Very, very difficult, very different.

0:49:41.419 --> 0:49:44.550
<v Speaker 1>So we're gonna do a refilling station in our new showroom.

0:49:44.560 --> 0:49:47.659
<v Speaker 1>We are revamping it. It's gonna happen in the coming months.

0:49:47.669 --> 0:49:51.620
<v Speaker 1>These are all helps to become responsible. So we partner

0:49:51.629 --> 0:49:53.549
<v Speaker 1>with people who know how to do this, right? We

0:49:53.560 --> 0:49:56.939
<v Speaker 1>partner with zero waste S G, we partner with the

0:49:56.949 --> 0:49:59.860
<v Speaker 1>W W F, we partner with anyone else who wants

0:49:59.870 --> 0:50:02.520
<v Speaker 1>to help. For example, the Sing Post initiative

0:50:02.770 --> 0:50:05.859
<v Speaker 1>asked us to do this bag thing, right? So they

0:50:05.870 --> 0:50:08.239
<v Speaker 1>package our bag, they give it to the customer, the

0:50:08.250 --> 0:50:11.580
<v Speaker 1>customer returns the package. So we don't have to keep

0:50:11.590 --> 0:50:15.159
<v Speaker 1>manufacturing packaging bags. However, we still have to have a

0:50:15.169 --> 0:50:18.580
<v Speaker 1>little slip where the customer has to see the order

0:50:18.590 --> 0:50:20.840
<v Speaker 1>and the rider who delivers this at to see

0:50:20.909 --> 0:50:23.739
<v Speaker 1>because we are trying to solve that. We are working

0:50:23.750 --> 0:50:26.580
<v Speaker 1>with a polytechnic to try to come out with a

0:50:26.590 --> 0:50:31.090
<v Speaker 1>solution for a re highly non plastic solution for this.

0:50:31.100 --> 0:50:34.439
<v Speaker 1>Our recycling efforts are very legendary. I will show you

0:50:34.449 --> 0:50:38.340
<v Speaker 1>little pictures later, but 270,000 cans we sell uh a

0:50:38.350 --> 0:50:38.959
<v Speaker 1>year

0:50:39.590 --> 0:50:44.049
<v Speaker 1>and 68,000 of them are recycled. That's about 25%. Yeah.

0:50:44.060 --> 0:50:47.239
<v Speaker 1>So that's about 25%. Right. I mean, I just did

0:50:47.250 --> 0:50:49.610
<v Speaker 1>a quick math. I mean, there's still a big gap

0:50:49.620 --> 0:50:52.919
<v Speaker 1>even though the numbers are great in as a great start.

0:50:52.929 --> 0:50:55.439
<v Speaker 1>What do you think companies can do actually to bridge

0:50:55.449 --> 0:50:59.000
<v Speaker 1>the gap between knowledge and putting it into practice? Firstly,

0:50:59.010 --> 0:51:00.260
<v Speaker 1>I think you must accept that

0:51:00.350 --> 0:51:03.290
<v Speaker 1>some of these are because of logistics reasons why they cannot.

0:51:03.429 --> 0:51:07.540
<v Speaker 1>But you can notice uh it is inspiring people to recycle.

0:51:07.689 --> 0:51:10.280
<v Speaker 1>You continue to educate them. If the con if the

0:51:10.290 --> 0:51:14.500
<v Speaker 1>brand continues to show commitment to this, people will change.

0:51:14.510 --> 0:51:16.879
<v Speaker 1>If you look at the commitment the government has done

0:51:16.889 --> 0:51:19.270
<v Speaker 1>with the neighborhoods, you look at how much of recycling

0:51:19.280 --> 0:51:21.000
<v Speaker 1>opportunities they are. The

0:51:21.110 --> 0:51:25.949
<v Speaker 1>blue color bins, neighborhoods, private public, everywhere you see this

0:51:25.959 --> 0:51:29.439
<v Speaker 1>is commitment. So you keep seeing, you will eventually change.

0:51:29.449 --> 0:51:33.189
<v Speaker 1>So if you don't, all the numbers are poor, you stop,

0:51:33.199 --> 0:51:35.229
<v Speaker 1>I think then we are in trouble. You have to

0:51:35.239 --> 0:51:38.659
<v Speaker 1>believe in something. We all can see the traction is there.

0:51:38.739 --> 0:51:41.020
<v Speaker 1>If you continue, it will be fine. I think people

0:51:41.030 --> 0:51:41.760
<v Speaker 1>will change

0:51:42.350 --> 0:51:44.709
<v Speaker 1>and we are delighted with this. It's still big numbers

0:51:44.719 --> 0:51:48.000
<v Speaker 1>and it's two ton, actually two tons of cancers a year.

0:51:48.169 --> 0:51:49.699
<v Speaker 1>All right, if you can go to the next slide,

0:51:49.709 --> 0:51:51.560
<v Speaker 1>I will share a little bit more about this.

0:51:53.169 --> 0:51:55.279
<v Speaker 1>So this is our cans. If you look, it's I

0:51:55.290 --> 0:51:57.469
<v Speaker 1>going to tell you on the left you'll see. Diamond

0:51:57.479 --> 0:52:00.540
<v Speaker 1>is uh we sell 60,000 bottles a year. It's a

0:52:00.550 --> 0:52:04.739
<v Speaker 1>plastic bottle. It's transformed from the middle one is from Chile.

0:52:04.760 --> 0:52:07.360
<v Speaker 1>The last one is from our later supply in Asia.

0:52:07.370 --> 0:52:10.500
<v Speaker 1>So we actually shaved off vast shipping

0:52:10.929 --> 0:52:13.570
<v Speaker 1>roots as well. So we uh we do think about

0:52:13.580 --> 0:52:16.090
<v Speaker 1>these things. It's not just about price. The other one

0:52:16.100 --> 0:52:19.120
<v Speaker 1>I wanted to show you is the aesthetic finish from

0:52:19.129 --> 0:52:22.889
<v Speaker 1>the plastic to that aluminum. Look at that pan on

0:52:22.899 --> 0:52:24.949
<v Speaker 1>the right. Sorry if I say so myself, I think

0:52:24.959 --> 0:52:28.899
<v Speaker 1>it's lovely. There's so many colors and it's aesthetically beautiful

0:52:28.909 --> 0:52:31.899
<v Speaker 1>and I think the sales hike in sales for that

0:52:31.909 --> 0:52:34.989
<v Speaker 1>product could be because it would look beautiful. But of course,

0:52:35.000 --> 0:52:35.678
<v Speaker 1>the product inside

0:52:35.760 --> 0:52:38.209
<v Speaker 1>that is also good. Huh? So let's go to the

0:52:38.219 --> 0:52:41.109
<v Speaker 1>next one, please. And then, you know, just now you

0:52:41.120 --> 0:52:43.719
<v Speaker 1>say uh that's, that's a phrase that you say it's

0:52:43.729 --> 0:52:46.330
<v Speaker 1>not just about cost, right? That there is some questions

0:52:46.340 --> 0:52:50.139
<v Speaker 1>that talk about the balancing going green with the rising

0:52:50.149 --> 0:52:53.780
<v Speaker 1>cost of materials. I'm sure aluminum costs a lot more

0:52:53.790 --> 0:52:57.949
<v Speaker 1>than plastic. So how, how does Herbal Farm actually balance

0:52:57.959 --> 0:53:00.510
<v Speaker 1>that bottom line, you know, strike a fine balance between that.

0:53:00.800 --> 0:53:04.239
<v Speaker 1>OK? Like I told you, right? Uh As our founder

0:53:04.250 --> 0:53:06.199
<v Speaker 1>said to us, this is what he wants and this

0:53:06.209 --> 0:53:08.949
<v Speaker 1>is what our business wants. This is why I joined the,

0:53:08.959 --> 0:53:11.239
<v Speaker 1>the company and why we want to do this is

0:53:11.250 --> 0:53:13.120
<v Speaker 1>because if we are going to tell, we have to

0:53:13.129 --> 0:53:15.530
<v Speaker 1>be responsible, we have to be sustainable. This is good.

0:53:15.550 --> 0:53:19.209
<v Speaker 1>We cannot just sell out plastic bottles. It's so in

0:53:19.219 --> 0:53:21.638
<v Speaker 1>your face wrong. And that's a solution. If there was

0:53:21.649 --> 0:53:21.989
<v Speaker 1>no

0:53:22.070 --> 0:53:24.759
<v Speaker 1>solution, we have to accept it, there are solutions. So

0:53:24.770 --> 0:53:27.379
<v Speaker 1>we went for this solution. It cost us more. I

0:53:27.389 --> 0:53:29.639
<v Speaker 1>will show you a financial impact at the end. It

0:53:29.649 --> 0:53:32.239
<v Speaker 1>definitely cost us more every time you want to go

0:53:32.250 --> 0:53:35.939
<v Speaker 1>do good. It is always harder, it's always harder. But

0:53:35.949 --> 0:53:38.319
<v Speaker 1>that's when it comes. If you want to do good

0:53:38.469 --> 0:53:41.199
<v Speaker 1>really or you just want to do good to make money.

0:53:41.270 --> 0:53:42.879
<v Speaker 1>If you want to do good to make money, something

0:53:42.889 --> 0:53:43.260
<v Speaker 1>is wrong,

0:53:43.340 --> 0:53:48.589
<v Speaker 1>right? So we want to do good really? We believe right?

0:53:48.760 --> 0:53:52.479
<v Speaker 1>Very well. Yeah, sorry, sorry. So it's very well said, right?

0:53:52.489 --> 0:53:55.719
<v Speaker 1>So being responsible and being honest in terms of your

0:53:55.729 --> 0:53:59.500
<v Speaker 1>marketing communications, it it starts internally, it starts, you know,

0:53:59.510 --> 0:54:04.080
<v Speaker 1>right within ourselves, right? So um it is a prerequisite

0:54:04.090 --> 0:54:08.409
<v Speaker 1>to being uh to showing how consumers can be responsible

0:54:08.419 --> 0:54:10.569
<v Speaker 1>towards the end. So continue kind of

0:54:10.899 --> 0:54:14.609
<v Speaker 1>OK, sorry. This one I think uh Serena has touched

0:54:14.620 --> 0:54:17.439
<v Speaker 1>in a little bit but uh fog beautifully. I cannot

0:54:17.449 --> 0:54:19.790
<v Speaker 1>do any better. But this is our journey. We had

0:54:19.800 --> 0:54:22.729
<v Speaker 1>to do a feasibility study with the limited resources. We

0:54:22.739 --> 0:54:26.389
<v Speaker 1>had a few people, our founder myself, a few other people.

0:54:26.399 --> 0:54:28.449
<v Speaker 1>We had to do a feasibility study. We have

0:54:28.600 --> 0:54:31.790
<v Speaker 1>current inventory plastic. We have to finish those. How fast

0:54:31.800 --> 0:54:34.469
<v Speaker 1>can we sell? Do we sell it cheaper? So we,

0:54:34.479 --> 0:54:36.859
<v Speaker 1>we did uh some marketing and we said, ok, we

0:54:36.870 --> 0:54:39.810
<v Speaker 1>brought in, we brought in four tons of aluminum cans

0:54:39.820 --> 0:54:43.149
<v Speaker 1>because the minimum order was tough. So these were some challenges.

0:54:43.159 --> 0:54:45.340
<v Speaker 1>We had to do the feasibility study. We had to

0:54:45.350 --> 0:54:46.229
<v Speaker 1>find the right

0:54:46.830 --> 0:54:50.540
<v Speaker 1>procured uh customer. We found them in Chile, but they

0:54:50.550 --> 0:54:52.120
<v Speaker 1>had high in my M O Q. We had to

0:54:52.129 --> 0:54:55.379
<v Speaker 1>do redesigning. They only allowed six colors on our can.

0:54:55.389 --> 0:54:58.899
<v Speaker 1>We had 30 different different products to design and then

0:54:58.909 --> 0:55:02.149
<v Speaker 1>the reception. This is why it is all worth it.

0:55:02.250 --> 0:55:07.360
<v Speaker 1>Customers loved it. Sales increased by 13% a year on

0:55:07.370 --> 0:55:11.540
<v Speaker 1>year since 2019. When we launched the aluminum cans every year,

0:55:11.550 --> 0:55:14.459
<v Speaker 1>we have grown our business by at least 13%.

0:55:14.750 --> 0:55:17.759
<v Speaker 1>It is tapering after it went really higher during the

0:55:17.770 --> 0:55:20.979
<v Speaker 1>COVID period, but it's tapering but it's still decent, right?

0:55:21.139 --> 0:55:24.120
<v Speaker 1>So responsibility wise, I think

0:55:24.709 --> 0:55:27.620
<v Speaker 1>we have to be the change driver. We will live

0:55:27.629 --> 0:55:32.219
<v Speaker 1>up to our ideals, leading more responsible consumers who can

0:55:32.229 --> 0:55:38.570
<v Speaker 1>then embrace responsible consumerism. If we ourselves don't practice responsible consumerism.

0:55:38.629 --> 0:55:42.149
<v Speaker 1>How do we ask the cons consumers, the customers who

0:55:42.159 --> 0:55:44.879
<v Speaker 1>buy and sustain us to do the same? I think

0:55:44.889 --> 0:55:47.020
<v Speaker 1>it's a bit offside. I mean, that's why we are

0:55:47.030 --> 0:55:49.469
<v Speaker 1>very rigorous with the way we do things. If we

0:55:49.479 --> 0:55:51.080
<v Speaker 1>can go to the next slide, I can show you

0:55:51.090 --> 0:55:52.719
<v Speaker 1>a little bit more on

0:55:53.360 --> 0:55:56.350
<v Speaker 1>some of the challenges. I've already spoken about this but

0:55:56.360 --> 0:55:59.000
<v Speaker 1>I want to talk about this. Uh some of this

0:55:59.010 --> 0:56:01.870
<v Speaker 1>that we have to talk mostly internal. I think I've

0:56:01.879 --> 0:56:05.698
<v Speaker 1>already covered it but the customer education, but in order

0:56:05.709 --> 0:56:09.050
<v Speaker 1>to put the customer education in perspective, do they care

0:56:09.169 --> 0:56:11.419
<v Speaker 1>how to make them care? So let's look at some

0:56:11.429 --> 0:56:14.590
<v Speaker 1>stats arena. I borrow your uh can you go back please? Yeah,

0:56:14.600 --> 0:56:17.189
<v Speaker 1>this week, eight out of 10 customers in

0:56:17.409 --> 0:56:21.899
<v Speaker 1>Asia Pacific want to buy from responsible banks. 25% of

0:56:21.909 --> 0:56:24.659
<v Speaker 1>customers uh Jade, you already mentioned that I think the

0:56:24.669 --> 0:56:27.540
<v Speaker 1>gap is a lot of them may be recycling themselves.

0:56:27.550 --> 0:56:30.179
<v Speaker 1>We throw in a kicker. If you bring back some stuff,

0:56:30.189 --> 0:56:33.569
<v Speaker 1>I give you $5 off and stuff like that. But ultimately,

0:56:33.580 --> 0:56:38.780
<v Speaker 1>people want to recycle. 5% of customers participated are reusable bags. Ok?

0:56:38.790 --> 0:56:39.719
<v Speaker 1>You might think that's a lot.

0:56:39.790 --> 0:56:43.000
<v Speaker 1>Very little. That is still 2000 people. This is still

0:56:43.010 --> 0:56:46.120
<v Speaker 1>something we have done for the earth. 80% of our

0:56:46.129 --> 0:56:49.709
<v Speaker 1>customers that visited our showrooms brought their own bags. They

0:56:49.719 --> 0:56:52.899
<v Speaker 1>participated in, bring your own bag. I think that's again,

0:56:52.909 --> 0:56:56.959
<v Speaker 1>very good numbers. These are, we're talking about few everyday

0:56:56.969 --> 0:57:00.279
<v Speaker 1>2030 people coming to our stores. They are practicing this

0:57:00.290 --> 0:57:02.080
<v Speaker 1>if you can go to the next slide. Now,

0:57:02.389 --> 0:57:06.379
<v Speaker 1>these are some of our campaigns we use reuse to reduce,

0:57:06.389 --> 0:57:12.020
<v Speaker 1>we embraced all four of these reuse, reduce refuse and recycle.

0:57:12.030 --> 0:57:14.699
<v Speaker 1>Then we have the bags below in the middle. You'll

0:57:14.709 --> 0:57:18.939
<v Speaker 1>see in our showroom, this is a recycled container, acrylic.

0:57:18.949 --> 0:57:21.189
<v Speaker 1>We had no choice again. Like I said, when there's

0:57:21.199 --> 0:57:23.929
<v Speaker 1>no choice, we have to use these materials. It's filled

0:57:23.939 --> 0:57:27.070
<v Speaker 1>with our recycled cans. This is cleared daily and we

0:57:27.080 --> 0:57:29.790
<v Speaker 1>fill it up every day with the customers coming and

0:57:29.800 --> 0:57:30.540
<v Speaker 1>putting it in

0:57:30.919 --> 0:57:33.989
<v Speaker 1>on our right. We have a statement here. We do care. We,

0:57:34.000 --> 0:57:37.270
<v Speaker 1>we tell our customers properly in every channel that we

0:57:37.280 --> 0:57:40.209
<v Speaker 1>can every time that we can, we tell them this.

0:57:40.239 --> 0:57:43.250
<v Speaker 1>We do not hope that to heart, sell to them.

0:57:43.560 --> 0:57:46.750
<v Speaker 1>We hope to tell them this is us. We are responsible.

0:57:47.050 --> 0:57:49.850
<v Speaker 1>If you are responsible. If you like this brand, please sell,

0:57:49.860 --> 0:57:53.429
<v Speaker 1>we speak more and we sell more to the heart. Ok.

0:57:53.439 --> 0:57:56.489
<v Speaker 1>If we can go to the last few slides. Now,

0:57:56.850 --> 0:57:59.439
<v Speaker 1>this is the financial impact jade. I would I promise

0:57:59.449 --> 0:58:01.500
<v Speaker 1>to touch on you. We brought four tons of

0:58:02.270 --> 0:58:05.780
<v Speaker 1>aluminum can. We had to find storage for this outside.

0:58:05.790 --> 0:58:08.729
<v Speaker 1>We pay for this and we have to start moving

0:58:08.739 --> 0:58:11.919
<v Speaker 1>our products, the plastic because we are eager now, right?

0:58:11.929 --> 0:58:14.719
<v Speaker 1>We are eager wanna sell the aluminum. So we get

0:58:14.729 --> 0:58:18.719
<v Speaker 1>discounts on our plastic bottles and we moved it out 2019.

0:58:18.729 --> 0:58:21.959
<v Speaker 1>It came all the way from South America. We started

0:58:21.969 --> 0:58:25.840
<v Speaker 1>to sell, they said 30,000 per brand per product. It

0:58:25.850 --> 0:58:27.479
<v Speaker 1>is hard. But we did all of that.

0:58:28.000 --> 0:58:31.030
<v Speaker 1>But you can see 2020 when we reordered from them,

0:58:31.040 --> 0:58:33.850
<v Speaker 1>the price dropped, we were paying double what we paid

0:58:33.860 --> 0:58:36.350
<v Speaker 1>for plastic and don't forget the quantity we had to

0:58:36.360 --> 0:58:40.070
<v Speaker 1>pay much more. But we invested in this 2020. The

0:58:40.080 --> 0:58:44.719
<v Speaker 1>price dropped to plastic bottle levels. But unfortunately, I had

0:58:44.729 --> 0:58:47.750
<v Speaker 1>to drop the vendor. We moved to a vendor closer

0:58:47.760 --> 0:58:52.100
<v Speaker 1>in Asia. We now pay slightly lesser. We get better

0:58:52.110 --> 0:58:52.870
<v Speaker 1>quality

0:58:53.129 --> 0:58:55.919
<v Speaker 1>and quicker and the M O Q s are less.

0:58:55.929 --> 0:58:58.959
<v Speaker 1>So we manage this better. I'm hoping it continues to

0:58:58.969 --> 0:59:01.610
<v Speaker 1>be more because it sells more. But that is not

0:59:01.620 --> 0:59:03.770
<v Speaker 1>what it is and we managed to do it in

0:59:03.780 --> 0:59:05.659
<v Speaker 1>two sizes. We had to do it in three sizes

0:59:05.669 --> 0:59:06.718
<v Speaker 1>now in two sizes,

0:59:07.379 --> 0:59:10.050
<v Speaker 1>but this is where it comes to play, right? What

0:59:10.060 --> 0:59:12.300
<v Speaker 1>it's all about if you are a brand is about

0:59:12.310 --> 0:59:16.250
<v Speaker 1>making profits. We are not Saints guys. We are here

0:59:16.260 --> 0:59:19.709
<v Speaker 1>to make money, right? But it is not the first

0:59:19.719 --> 0:59:22.290
<v Speaker 1>thing on our list. The first thing on our list

0:59:22.300 --> 0:59:25.790
<v Speaker 1>to make people live healthier, make the world a better place,

0:59:25.800 --> 0:59:29.909
<v Speaker 1>then comes profits. We are talking about 15% of our

0:59:29.919 --> 0:59:32.530
<v Speaker 1>operating cost was saved 15%.

0:59:33.090 --> 0:59:36.459
<v Speaker 1>This tend to profits for us. We shared it with

0:59:36.469 --> 0:59:41.100
<v Speaker 1>the people. We have a very high social and sustainability

0:59:41.179 --> 0:59:43.439
<v Speaker 1>angle as well. We do a lot of charity and

0:59:43.449 --> 0:59:47.219
<v Speaker 1>stuff like that. OK? We can go into the last slide,

0:59:49.149 --> 0:59:52.419
<v Speaker 1>OK. This is where it comes about the sustainability report,

0:59:52.429 --> 0:59:55.580
<v Speaker 1>the measurement that we did, you can see our score.

0:59:55.760 --> 0:59:59.229
<v Speaker 1>We have a good, I actually I thought 85.2 was

0:59:59.239 --> 1:00:02.969
<v Speaker 1>going to be excellent, but it's ok. I cannot win everything,

1:00:03.110 --> 1:00:05.610
<v Speaker 1>but that's the scoring, right? They won 90. So we

1:00:05.620 --> 1:00:10.459
<v Speaker 1>still can aspire. So in terms of cost versus competitiveness,

1:00:10.469 --> 1:00:14.030
<v Speaker 1>the question I must answer very quickly. If you invest

1:00:14.040 --> 1:00:16.620
<v Speaker 1>in this, I'm not saying everyone has a nice happy

1:00:16.629 --> 1:00:17.360
<v Speaker 1>ending here.

1:00:17.850 --> 1:00:20.820
<v Speaker 1>However, if you are sincere and if you make the

1:00:20.830 --> 1:00:23.610
<v Speaker 1>right choices, you cannot just say, oh sustainable, I will

1:00:23.620 --> 1:00:26.879
<v Speaker 1>do everything. I think that's silly. It's not prudent. You

1:00:26.889 --> 1:00:29.169
<v Speaker 1>have to be prudent. You need to know what you

1:00:29.179 --> 1:00:32.310
<v Speaker 1>can change, how you can change, sourcing. You have to

1:00:32.320 --> 1:00:36.580
<v Speaker 1>have deep, deep research avenues, you have to consult people

1:00:36.800 --> 1:00:39.610
<v Speaker 1>of the network and then you make decisions. And I

1:00:39.620 --> 1:00:42.629
<v Speaker 1>think you can see this is a validation of our efforts.

1:00:42.639 --> 1:00:45.129
<v Speaker 1>This is by the way, yeah, it's only two months ago,

1:00:45.139 --> 1:00:49.360
<v Speaker 1>we did this, by the way, we attended a sustainability course, right?

1:00:49.550 --> 1:00:51.810
<v Speaker 1>And now the other one on government grants, I must

1:00:51.820 --> 1:00:54.479
<v Speaker 1>tell you, that government doesn't give you grants to do

1:00:54.489 --> 1:00:55.570
<v Speaker 1>this sometimes. Uh

1:00:55.909 --> 1:00:58.229
<v Speaker 1>I think for electric vehicles, there's some grant when you

1:00:58.239 --> 1:01:01.399
<v Speaker 1>buy it. But for companies they have what is called

1:01:01.409 --> 1:01:04.590
<v Speaker 1>a career conversion program. They have other schemes like that.

1:01:04.629 --> 1:01:08.139
<v Speaker 1>I attended a sustainability course, me and our Coo Lucas

1:01:08.149 --> 1:01:12.429
<v Speaker 1>attended and we both had heavily subsidized fees for that course,

1:01:12.439 --> 1:01:15.000
<v Speaker 1>it was an eye opening cost. The fact that I'm here,

1:01:15.010 --> 1:01:17.760
<v Speaker 1>I think is because of that cost and there you go,

1:01:17.770 --> 1:01:18.659
<v Speaker 1>you see, the government

1:01:18.754 --> 1:01:22.665
<v Speaker 1>gives us this kind of opportunities, opportunities to defray the

1:01:22.675 --> 1:01:26.715
<v Speaker 1>cost of you learning and therefore understanding better. So you

1:01:26.725 --> 1:01:30.195
<v Speaker 1>don't make wrong decisions when you're trying to be responsible.

1:01:30.294 --> 1:01:32.754
<v Speaker 1>But that is something that I must say nobody is

1:01:32.764 --> 1:01:35.354
<v Speaker 1>out there to give you something to do and do good. Right. Exactly.

1:01:35.364 --> 1:01:38.625
<v Speaker 1>I think it's not Singaporean if you like what I mean?

1:01:38.685 --> 1:01:41.534
<v Speaker 1>So the other one about why you must be sustainable.

1:01:41.844 --> 1:01:44.395
<v Speaker 1>I think the answers have already been there and you

1:01:44.405 --> 1:01:47.405
<v Speaker 1>can see brands like a, we are so far from

1:01:47.415 --> 1:01:48.584
<v Speaker 1>that brand, but still

1:01:48.820 --> 1:01:51.229
<v Speaker 1>the intentions are the same. They want to make the

1:01:51.239 --> 1:01:53.989
<v Speaker 1>world a better place. And so if you have a

1:01:54.000 --> 1:01:57.370
<v Speaker 1>better world, you have better health, you have a better you,

1:01:57.379 --> 1:01:59.909
<v Speaker 1>which is uh what Hubble farm stands for, I think.

1:01:59.919 --> 1:02:02.570
<v Speaker 1>Thank you so much for giving me this chance to

1:02:02.580 --> 1:02:03.350
<v Speaker 1>inspire you.

1:02:03.719 --> 1:02:07.129
<v Speaker 1>Thank you. That, that is um that is really amazing.

1:02:07.139 --> 1:02:11.129
<v Speaker 1>Results and the process um Herber Farm went through. Now

1:02:11.139 --> 1:02:14.479
<v Speaker 1>we are actually overrunning on time, but I want to

1:02:14.489 --> 1:02:16.979
<v Speaker 1>quickly wrap up. Now. There's a, there's a couple of questions, right?

1:02:16.989 --> 1:02:19.969
<v Speaker 1>That I want to also highlight there's one question about

1:02:19.979 --> 1:02:23.090
<v Speaker 1>how can brands communicate about its effort in an authentic

1:02:23.100 --> 1:02:26.290
<v Speaker 1>way to avoid being hard selling or self promoting, which

1:02:26.300 --> 1:02:27.429
<v Speaker 1>I E green washing.

1:02:27.679 --> 1:02:32.350
<v Speaker 1>Uh Remember the three words during K speech control, the narrative, right?

1:02:32.360 --> 1:02:35.149
<v Speaker 1>So you need to control the nar narrative throughout the

1:02:35.159 --> 1:02:39.040
<v Speaker 1>value chain as well to make sure that you're being honest, right?

1:02:39.050 --> 1:02:42.310
<v Speaker 1>You're being responsible in terms of your marketing communication. Don't

1:02:42.320 --> 1:02:43.310
<v Speaker 1>talk about things that

1:02:43.989 --> 1:02:46.120
<v Speaker 1>it's yet to come or don't do what things that

1:02:46.129 --> 1:02:49.000
<v Speaker 1>you are not even sure that you are going to do, right?

1:02:49.010 --> 1:02:51.800
<v Speaker 1>Be sure in what you want to achieve. Be sure

1:02:51.810 --> 1:02:55.280
<v Speaker 1>in what you want to communicate to the audience. Um

1:02:55.290 --> 1:02:56.979
<v Speaker 1>There is a question about

1:02:57.310 --> 1:03:01.780
<v Speaker 1>consumers being price sensitive and how can we actually balance

1:03:01.790 --> 1:03:05.360
<v Speaker 1>that when we want to go greener? Because of course,

1:03:05.370 --> 1:03:09.719
<v Speaker 1>um you know, in Kan's case, aluminum costs more than plastic.

1:03:09.729 --> 1:03:12.909
<v Speaker 1>So how can we manage that? Maybe just a quick

1:03:12.919 --> 1:03:17.110
<v Speaker 1>wrap up from each of um you, Serena K followed

1:03:17.120 --> 1:03:17.350
<v Speaker 1>by

1:03:18.659 --> 1:03:21.229
<v Speaker 1>just as a wrap up for the entire session?

1:03:23.770 --> 1:03:26.760
<v Speaker 1>Yeah, so I'm happy to go first. So thank you

1:03:26.770 --> 1:03:30.620
<v Speaker 1>everyone um for being so sticky with us today. And

1:03:30.629 --> 1:03:32.479
<v Speaker 1>uh it's been a pleasure and I learned a lot

1:03:32.489 --> 1:03:34.100
<v Speaker 1>even from, and

1:03:34.780 --> 1:03:39.010
<v Speaker 1>um, I guess from the consumer education perspective, I've seen

1:03:39.020 --> 1:03:42.729
<v Speaker 1>a few questions about um, the cost involved because we

1:03:42.739 --> 1:03:44.939
<v Speaker 1>are running a business at the end of the day. Right. So,

1:03:44.949 --> 1:03:48.840
<v Speaker 1>really start off with quick wins, starting from your own assets.

1:03:48.850 --> 1:03:51.040
<v Speaker 1>So thinking about, you know, if you look back at

1:03:51.050 --> 1:03:54.520
<v Speaker 1>the Peso model, look at your own channels, what can

1:03:54.530 --> 1:03:57.570
<v Speaker 1>you control? And if you look at the four key

1:03:57.669 --> 1:04:00.409
<v Speaker 1>things, right? Um It's really um you don't need to

1:04:00.419 --> 1:04:03.040
<v Speaker 1>spend a lot of money. If you look at product labeling,

1:04:03.050 --> 1:04:05.590
<v Speaker 1>you just need to communicate clearly. If you are looking

1:04:05.600 --> 1:04:08.540
<v Speaker 1>at engaging content, you are looking at content for your website.

1:04:08.550 --> 1:04:11.159
<v Speaker 1>For example, if you are looking at partnerships, you know,

1:04:11.169 --> 1:04:14.689
<v Speaker 1>if you go into clever partnerships and collaborations, um you

1:04:14.699 --> 1:04:17.030
<v Speaker 1>will be able to reach out to a wider audience

1:04:17.040 --> 1:04:20.459
<v Speaker 1>and then install an online customer engagement.

1:04:20.560 --> 1:04:23.530
<v Speaker 1>So, so we are not asking you um you know,

1:04:23.540 --> 1:04:26.379
<v Speaker 1>to spend a ton of money, but uh it's always

1:04:26.389 --> 1:04:28.949
<v Speaker 1>important to go for the quick wins, go for the

1:04:28.959 --> 1:04:33.409
<v Speaker 1>low hanging fruit and um measure measure along the way,

1:04:33.419 --> 1:04:36.270
<v Speaker 1>do not only measure at the end of campaign measure

1:04:36.280 --> 1:04:39.909
<v Speaker 1>and refine along the way um test, test out some

1:04:39.919 --> 1:04:43.350
<v Speaker 1>of your uh creative ideas and see if it works.

1:04:43.449 --> 1:04:46.379
<v Speaker 1>And then after that, uh elevate what you're

1:04:46.389 --> 1:04:49.989
<v Speaker 2>doing, I completely agree with, with Serena. And I think

1:04:50.000 --> 1:04:52.050
<v Speaker 2>if you think about that two by two, I showed

1:04:52.060 --> 1:04:55.020
<v Speaker 2>that you can figure out what is impact that you

1:04:55.030 --> 1:04:57.699
<v Speaker 2>like to put in for the returns that it's all

1:04:57.709 --> 1:05:00.560
<v Speaker 2>we are businesses. So we always do, do R I

1:05:00.840 --> 1:05:04.879
<v Speaker 2>um analysis. But the key thing is if we have the,

1:05:04.979 --> 1:05:08.709
<v Speaker 2>the right mindset um just get, just get going, just

1:05:08.719 --> 1:05:09.540
<v Speaker 2>get started.

1:05:09.939 --> 1:05:12.429
<v Speaker 2>It is possible to do good and do well, I

1:05:12.439 --> 1:05:14.709
<v Speaker 2>think that would be the, the, the key thing I

1:05:14.719 --> 1:05:16.199
<v Speaker 2>leave with everybody.

1:05:16.209 --> 1:05:18.709
<v Speaker 1>Yeah. Yeah, I think it's a brand. Uh you guys

1:05:18.719 --> 1:05:21.129
<v Speaker 1>the same, right? I learned so much just from listening

1:05:21.139 --> 1:05:24.639
<v Speaker 1>to all of you and also the questions because it's real, right?

1:05:24.649 --> 1:05:26.709
<v Speaker 1>This is what we is all about. We have to

1:05:26.719 --> 1:05:30.629
<v Speaker 1>sustain ourselves first. But um I think the intention must

1:05:30.639 --> 1:05:32.570
<v Speaker 1>be good. You must have an

1:05:33.010 --> 1:05:36.560
<v Speaker 1>intuitive team to understand what we are trying to achieve.

1:05:36.570 --> 1:05:39.370
<v Speaker 1>Don't try to be lofty in what you're trying to do.

1:05:39.409 --> 1:05:42.760
<v Speaker 1>Sustainability is not going to go away and the world

1:05:42.770 --> 1:05:45.739
<v Speaker 1>is not going to change for the better immediately. It's

1:05:45.750 --> 1:05:48.659
<v Speaker 1>been damaged for a while. So these efforts we take

1:05:48.669 --> 1:05:50.399
<v Speaker 1>is a step by step. So, but

1:05:50.814 --> 1:05:53.254
<v Speaker 1>even one small step in the right direction is going

1:05:53.264 --> 1:05:56.225
<v Speaker 1>to lead us, excuse my language, but to the promised land.

1:05:56.235 --> 1:05:59.104
<v Speaker 1>Uh Thank you so much for sharing your thoughts. Uh

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<v Speaker 1>It has been a very fruitful discussion and we are

1:06:02.405 --> 1:06:04.405
<v Speaker 1>just going to end the webinar right now. Thank you

1:06:04.415 --> 1:06:06.195
<v Speaker 1>for your time and I hope to see you at

1:06:06.205 --> 1:06:08.185
<v Speaker 1>our next webinar. Thank you so much.