IAB Tech Lab Releases Ad Product Taxonomy 1.1 for Public Comment
NEW YORK, July 14, 2022 /PRNewswire/ -- IAB Tech Lab, the digital advertising technical standards-setting body, announced today that the Ad Product Taxonomy has been updated to support the declaration of ads for foods containing high fat, salt, or sugar (HFSS). The release is open for public comment for a 30-day period until August 13.
- The Ad Product Taxonomy is a standardized way for advertisers to declare and describe the product or service advertised in a creative ad unit.
- "IAB Tech Lab takes its commitment to help the industry navigate and comply with the fast-changing regulatory landscape extremely seriously," said Benjamin Dick, Senior Director of Product, IAB Tech Lab.
- IAB Tech Lab recommends immediate adoption of Ad Product Taxonomy by demand-side platforms and service providers to empower advertisers to support HFSS regulation by labeling the content being advertised in their creatives.
- "This expansion of Ad Product Taxonomy 1.1 demonstrates IAB Tech Lab's continued investment in the evolution of publisher controls," said Kevin Flood, General Partner at FirstPartyCapital.