Magnite Partners with Scope3 to Enhance Advertising Sustainability
The biggest independent sell-side ad provider in the world, Magnite, has announced a partnership with Scope3 to provide carbon emissions data across Magnite’s massive omnichannel inventory. As a result, advertisers will be able to evaluate their carbon emissions and match the success of their campaigns with their sustainability objectives.
Magnite will provide Green Media Products (GMPs) powered by Scope3 data as part of the cooperation. Advertisers and media purchasers can quickly find supply routes that naturally exclude climate risk (high carbon) inventory thanks to GMPs. For the purpose of precisely measuring carbon emissions from digital advertising, Scope3 developed and still employs the most detailed and all-encompassing emissions data model in the industry.
Here’s what they said
Sean Buckley, Chief Revenue Officer at Magnite said that with this partnership, the company is looking to minimize its environmental impact as the largest independent SSP. Furthermore, they are wanting to help their clients to do the same.
Our partnership with Scope3 is one of the many ways Magnite is incorporating sustainability into our workstreams to help our clients get more insight into their carbon emissions, with the goal of creating a more environmentally-friendly future. Digital advertising is inherently an energy-intensive business given the high level of data processing required. We are working closely with publishers, marketers and our peers to constantly innovate to create more energy efficient practices while also improving advertising outcomes.
Brenda Tuohig, Chief Commercial Officer at Scope3 stated,
The emissions data that Scope3 provides is most effective when it can be harnessed at scale, and an SSP of Magnite’s magnitude and reputation is well positioned to have significant influence on our collective impact. Our partnership represents yet another key building block in our mission to achieve a decarbonized ad ecosystem where sustainable media and positive marketer outcomes go hand in hand, and we’re glad to have support from Magnite in fulfilling this bold mission.
Martin Bryan, Global Chief Sustainability Officer at IPG Mediabrands commented
Sustainability is a priority for IPG Mediabrands, and we strive to ensure our clients are investing their media budgets in the most efficient and green paths to premium supply. We have long worked with Magnite on SPO to reduce unnecessary duplication and waste. We welcome the addition of Scope3 data across Magnite’s inventory as it provides another layer of transparency and accountability.
Read More: Magnite-Mediaocean Enhance CTV Access to Local Linear Buyers
GroupM Bolsters Media Decarbonization with SeenThis Partnership
SeenThis, a streaming technology provider, and WPP’s media investment division, GroupM, have formed a global alliance. The project will make it possible for the biggest media buyer in the world to cut back on and steer clear of pointless carbon emissions from online advertising. Through the ground-breaking partnership, GroupM and its agencies will be able to control and propel media decarbonization by delivering creative work by utilizing SeenThis’ knowledge and patented technology. Additionally, it will enhance display advertising campaigns’ effectiveness. Both businesses will be able to harmonize their approaches thanks to the relationship. SeenThis methodology will be incorporated into GroupM’s carbon calculator. Planners and purchasers will also be able to track a campaign-by-campaign basis. As a result, GroupM’s agencies will have greater power to improve and provide more comprehensive supply chain decisions for sharing data through digital channels.
Why the efforts for Media Decarbonisation?
The long-standing problem of climate change has recently gained attention. Businesses are making efforts to lessen their ecological impact and support a greener environment. In November 2022, GroupM made its initial announcement about a global structure to promote media decarbonization. The goal was to hasten the decarbonization of the media supply chain globally. In five significant economies, programmatic advertising was found to produce more than 215,000 metric tons of carbon emissions each month. The figures roughly equate to 24 million gallons of fuel. In terms of monthly program emissions overall,
- Australia – 9.3 m.t
- France – 22.7 m.t
- Great Britain – 30.8 m.t
- Germany – 52.5 m.t
- US – 100 m.t
Programmatic emissions from the UK additionally produce emissions equivalent to driving a car 36 miles per gallon more than 26 times around the globe. The internet also represents at least 2% of global greenhouse gas emissions. The percentage is on par with the aviation industry and contributes to the media industry’s overall emissions.
The collaboration strengthens a number of ongoing initiatives within the media sector to link increased ad performance and efficacy with sustainability initiatives. Fanning went on to say that the most recent collaboration with SeenThis was a crucial milestone in the organization’s mission to decarbonize the media supply chain.
Read More: GroupM Launches Programmatic Marketplace, Result of Licensing Deals with Magnite and PubMatic
SeenThis – GroupM’s strides in green advertising.
For some time, SeenThis has been researching the connection between data corruption and CO2 emissions. This has resulted in the publication of a white paper authored in association with top scientists and an emissions overview. The essay is a thorough investigation into how the internet and media play a significant role in rendering carbon footprints. Advertisers can analyze data transfer and associated emissions from creative delivery initiatives using the report. To quantify data transmission and develop a deeper understanding of campaign emissions, GroupM’s agencies will primarily use the SeenThis emissions dashboard. Ultimately, the data will be directly incorporated into GroupM’s services for the execution of display campaigns. The capacity of SeenThis’ technology to function with all significant ad servers, publishers’ networks, and outside sources allows both client and agency to achieve more with a standard media budget.
Above: SeenThis Emissions Dashboard. Image credit- InPublishing UK
Here’s what they said
Ed Fanning, GroupM Global Head of Partnerships, Advertising, and Retail Technology commented
As the world’s leading media investment company, the team at GroupM is on a mission to develop tools and technologies that ensure that carbon emissions are considered a part of the media planning process. This partnership builds on the global framework for media decarbonization we announced in 2022 and is an important step in our commitment to decarbonize our media supply chain.
Jesper Benon, CEO at SeenThis, added
We are excited to extend the benefits of the SeenThis solution to new and existing GroupM clients, as our proprietary streaming addresses the trade-off that otherwise exists between performance and sustainability in the digital ecosystem. GroupM agencies are able to increase performance while minimizing carbon emissions, and at the same time helping drive attention and unlock creative capabilities. We deliver lightning-fast ad-loading that attains higher attention from users, which translates into fewer wasted impressions and a more efficient use of resources.
About SeenThis
SeenThis, a Swedish technology firm, has been improving display experiences for everyone since 2017. It is revolutionizing how digital material is distributed and how it affects the environment in comparison to more established forms of technology. It uses its ground-breaking adaptive streaming technology to do so. The company is on a mission to alter the internet—for good—with billions of streams provided for 1000+ brands in 40+ countries. SeenThis’s seven offices throughout the world have a common goal to build an Internet that is both incredibly fast and energy-efficient.
Read More: GroupM Launches Geo Granularity For TV Advertisers
