Energy Efficiency, GHG Emissions - December 15, 2021
Music Industry Pledges Net Zero Emissions by 2050
Several music companies that represent many of the most popular singers signed a commitment to decarbonize the global music business by reducing GHG emissions to net zero by 2050 and achieving a 50% reduction by 2030.
Sony Music Entertainment, Universal Music Group and Warner Music Group along with independent music companies such as the Beggars Group, BMG, Brownswood Recordings, Ninja Tune, Secretly Group, Warp, and others signed the Music Climate Pact.
These music companies will sign up for either the Science Based Targets Initiative (SBTi) or the UN-backed Race to Zero SME Climate Commitment by 2022 to reach those two goals.
“Sony Music Group is delighted to join the Music Climate Pact and is committed to playing its part in tackling the climate crisis,” said Towalame Austin, Sony Music Group executive vice president for philanthropy and social impact, said in a statement. “As a division of Sony Group, we are working towards achieving a zero environmental footprint by 2050 under the ‘Road to Zero’ long-term environmental plan and both expanding renewable energy use and reducing environmental impact in supply chains as part of Sony Group’s Green Management 2025 targets.”
The Music Climate Pact includes the companies committing to:
- Take individual and collective action to measure and reduce GHG emissions (scopes 1, 2, and 3)
- Work together as an industry to establish carbon measurement methodologies, tools, and frameworks backed by climate science
- Work in partnership with shared suppliers and digital streaming platforms (DSPs) to obtain data and drive emission reduction projects in a collaborative fashion
“Since becoming a stand-alone company in September, we have established a dedicated Environmental, Social & Governance department that is overseeing this vital priority, including our purchases of renewable energy, offsets of greenhouse gas emissions, reduced supply chain footprint, and dedication to the highest building standards (such BREEAM and LEED),” said Boyd Muir, Universal Music Group executive vice president, CFO and president of operations. “We look forward to working with others in music to help address this critical issue.”
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