Universal Music Group NV 2023 AR2
The report highlights Universal Music Group's (UMG) financial and sustainability achievements in 2023, including becoming the first standalone major music company to receive approval for its greenhouse gas emission reduction targets from the Science Based Targets initiative (SBTi). The company co-founded the Music Industry Climate Collective (MICC) to address global climate change and launched its Responsible AI initiative to protect artist rights. UMG reduced its absolute Scope 1 and 2 emissions by 12% year-over-year and Scope 3 emissions intensity by 3% compared to 2022. Additionally, the company expanded its global presence in high-growth markets and hosted its first Music + Health Summit.
Company: Universal Music Group NV
Sector: Communication Services
Country: Netherlands
Year: 2023
Type: AR2
Pages: 355
Universal Music Group NV
Annual Report
The report highlights Universal Music Group's (UMG) financial and sustainability achievements in 2023, including becoming the first standalone major music company to receive approval for its greenhouse gas emission reduction targets from the Science Based Targets initiative (SBTi). The company co-founded the Music Industry Climate Collective (MICC) to address global climate change and launched its Responsible AI initiative to protect artist rights. UMG reduced its absolute Scope 1 and 2 emissions by 12% year-over-year and Scope 3 emissions intensity by 3% compared to 2022. Additionally, the company expanded its global presence in high-growth markets and hosted its first Music + Health Summit.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women in Management
Workplace Fatalities
Employees