Banking, Insurance, and Mutual Funds: Enhancing Your Brand Commitments for Engaging Customer Communication

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In 2017, Cone Communications revealed that 91% of global consumers expect companies to go beyond just offering products and services by behaving ethically, transparently, and responsibly to earn their trust. Since then, banks and insurance companies have multiplied their commitments: HSBC promises carbon neutrality for its logistics operations by 2030, Crédit Agricole has labeled its investment funds with SRI since 2021, and CITI bank has committed to investing $1 trillion in sustainable initiatives. These initiatives show two key objectives: contributing to building a better world while meeting the expectations of current and future customers.

But are these commitments really integrated into the core value proposition of brands? How can banks and insurance companies highlight these commitments in their communication, and what results can they expect?

Different Types of Commitments

The commitments of banks and insurance companies can be divided into several dimensions:

  • Ethics and Social Responsibility: Commitment to ethical practices and increased social responsibility.
  • Environmental Sustainability: Promise to reduce the carbon footprint and invest in green initiatives.
  • Innovation and Quality of Offerings: Continuous improvement of the quality of services and products offered.

Integrating Commitments into Communication Strategy

To highlight their commitments, banks and insurance companies must fully integrate them into their communication strategy.

Aligning Commitments with the Brand's Vision and Values

For a commitment to be effective, it must be aligned with the overall vision and values of the company. This ensures coherence and continuity across all communication actions and strengthens perceived authenticity.

Transparent and Authentic Communication

Consumers are increasingly attentive to brand transparency. Open communication about goals, progress, and potential obstacles helps build a lasting relationship of trust.

Techniques and Tools to Highlight Commitments

  • Social Media: Use social platforms to share ecological, ethical, or community initiatives.
  • Awareness Campaigns: Promote commitments through traditional media to reach a broad audience.
  • Email Signatures: Relay messages of commitment through employee email signatures.
  • Partnerships and Collaborations: Collaborating with recognized associations or organizations helps strengthen credibility.
  • Omnichannel: Targeting a variety of channels and formats to ensure constant presence and depth in the topics covered.

Expected Results

1. Strengthened Trust and Customer Loyalty

Transparency directly contributes to customer trust and loyalty. According to a study by Label Insight, 94% of consumers are more loyal to a brand that demonstrates transparency. For example, Patagonia, a company committed to ethical practices, saw its sales increase by 30% after a campaign highlighting its transparency.

2. Improved Brand Image

Authentic communication can help differentiate the brand in a saturated market. According to a study by Cone Communications, 91% of global consumers expect companies to act ethically and responsibly. For example, Danone strengthened its brand image by communicating about its sustainability actions, which led to a notable increase in market share.

3. Customer Engagement and Involvement

Consumers prefer to engage with authentic brands. According to Accenture, 62% of consumers want companies to take a stand on current issues. For example, Nike took a stance on social issues such as inclusion, leading to increased customer engagement and sales.

4. Reducing Crisis Risks

Transparency can prevent crises by addressing issues before they escalate. According to a study by PwC, 87% of consumers are more likely to forgive a brand after a bad experience if it has shown transparency. For example, when IKEA faced criticism for using illegal wood, the transparency of its communication regarding corrective actions helped regain consumer trust.

5. Strengthened Legitimacy and Credibility

Transparent companies enhance their credibility and legitimacy. According to the "2022 Edelman Trust Barometer" study, 88% of investors believe that a transparent company is more trustworthy. For example, Unilever strengthened its credibility by openly communicating about its sustainability goals, which helped attract more investors.

6. Influence on Purchasing Decisions

Transparent communication positively influences purchasing decisions. According to a study by Sprout Social, 73% of consumers are willing to pay more for transparent products. For example, Everlane, a clothing brand that emphasizes cost transparency, saw an increase in sales due to this approach.

7. Motivation and Employee Engagement

Employees are more motivated when they work for a company aligned with their values. According to a study by Glassdoor, 79% of employees believe that the company’s mission is important for their job satisfaction. For example, Salesforce focuses on values such as equality and social impact, contributing to high employee satisfaction and retention.

Sources Cited

⁰¹ Label Insight, "The ROI of Transparency", 2016 ⁰² Cone Communications, "2017 Cone Communications CSR Study" ⁰³ Accenture Strategy, "From Me to We: The Rise of the Purpose-led Brand", 2018 ⁰⁴ PwC, "Experience is everything: Here’s how to get it right", 2018 ⁰⁵ Edelman, "2022 Edelman Trust Barometer" ⁰⁶ Sprout Social, "Championing Change in the Age of Social Media", 2020 ⁰⁷ Glassdoor, "Glassdoor Mission & Culture Survey 2019"

  • HSBC Climate Strategy: HSBC
  • Label ISR Crédit Agricole: Crédit Agricole
  • CITI Sustainable Finance: Citi
  • Cone Communications CSR Study: Cone Communications, "2017 Cone Communications CSR Study"
  • Label Insight, "The ROI of Transparency", 2016
  • Accenture Strategy, "From Me to We: The Rise of the Purpose-led Brand", 2018
  • PwC, "Experience is everything: Here’s how to get it right", 2018
  • Edelman, "2022 Edelman Trust Barometer"
  • Sprout Social, "Championing Change in the Age of Social Media", 2020
  • Glassdoor, "Glassdoor Mission & Culture Survey 2019"

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Questions
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1

Is it possible to track the number of clicks on email signatures?

Yes, with the 'Campaigns' offer, it is possible to track the number of clicks on the email signatures of all your employees in the 'Statistics' area of the platform.

You can then access a detailed or global view of the number of clicks on the email signatures of each employee. You can use the search option to target a specific signature or a given period. Finally, you have the possibility to export all statistics to an Excel document.

If you launch campaigns with banners inserted in your email signatures, you can also access their performance via this same space.

2

Can we add links to social networks, our website, and appointment-setting applications such as Calendly?

With Letsignit, you can easily add social network icons in your collaborators' email signatures and link to your company pages. Also, our "attributes" feature allows you to manage personalized URLs for each of your collaborators such as their individual LinkedIn profile.

And that's not all: you can add links to an appointment-setting application, allow your customers to leave reviews easily, and integrate our 'Chat on Teams' widget to let anyone start a discussion via Microsoft Teams chat.

3

Can employees update their signature information themselves (number, function, etc.)?

It’s up to you! As an administrator of the Letsignit platform, you choose whether or not to grant modification rights to your employees. These permissions are managed on an attribute-by-attribute basis, which means that you can decide to allow the employee to change their phone number, but not the address of your premises, for example.

This feature applies to all attributes in your directory, including custom attributes created on Letsignit. When your employees change one or more attributes, your directory is obviously not affected.

4

Why it is important to standardize our email signatures on a large scale to ensure our identity and brand image?

It often happens that employees make their email signature their own: custom format, bad fonts, colors inconsistent with the brand standards... all of this has an impact on your brand!

A consistent visual identity is considered authentic and outperforms a perceived weak one by 20%. And, your customers are 2.4 times more likely to buy your products.

With Letsignit, take back control over your brand identity by standardizing all your email signatures. Our tool has many features that allow you to customize your signatures by department, by audience or by subsidiary. Not to mention the possibility of carrying out campaigns within your email signatures thanks to our Campaign offer.

5

What is the user experience like for our employees?

What is the user experience like for our employees?

  • If you opt for the Letsignit Add-in for Outlook, they will have a dedicated space in their Outlook account where they will be able to view the signatures and campaigns assigned to them.
  • If you opt for the Letsignit Desktop APP, they will be able to preview all their signatures and campaigns in this space. If they want to change their default signature to another one when sending an email, this will be done in their signature library in Outlook.

In both cases:

  • They preview their signature before sending an email and choose from signatures assigned to them.
  • Based on the permissions granted, they will also be able to modify their personal information such as their name, position, or address in these spaces.

In short, they have autonomy in their email signature, but you keep control on the field, signatures, and banners they can edit or use.

6

Can my employees have multiple signatures available to them?

With our "multi-signature" feature, your employees can benefit from multiple email signatures. No technical manipulation is required. Thanks to our Add-in for Outlook or the desktop app, they can change their email signatures as they wish with just a few clicks.

Regarding the creation of email signatures, you can make several variations such as:

Everything has been thought of to go further in the personalization process based on the recipient of your emails.

7

Regarding “Green IT,” have you implemented measures to limit the digital footprint of email signatures?

If sending emails has an impact, non-optimized email signatures also have an impact. An unsuitable format or an image that is too heavy considerably increases the size of your signatures... and therefore, your emails.

As a responsible economic actor, we contribute to reducing our CO2 emissions and those of our customers in several ways:

  • Optimization of the weight of signatures and campaigns in emails.
  • Green features: lightening of signatures during response/transfer emails, possibility of not embedding images, implementation of lighter signatures for internal exchanges.
  • Integration of a 'Switch to Teams' widget to encourage your employees to continue their exchanges via chat, rather than email.

As we are increasingly involved in sustainability initiatives, our priority in 2023 is to develop even more green IT functionality.

8

Regarding “Green IT,” have you implemented measures to limit the digital footprint of email signatures?

If sending emails has an impact, non-optimized email signatures also have an impact. An unsuitable format or an image that is too heavy considerably increases the size of your signatures... and therefore, your emails.

As a responsible economic actor, we contribute to reducing our CO2 emissions and those of our customers in several ways:

  • Optimization of the weight of signatures and campaigns in emails.
  • Green features: lightening of signatures during response/transfer emails, possibility of not embedding images, implementation of lighter signatures for internal exchanges.
  • Integration of a 'Switch to Teams' widget to encourage your employees to continue their exchanges via chat, rather than email.

As we are increasingly involved in sustainability initiatives, our priority in 2023 is to develop even more green IT functionality.

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