WARNER MUSIC GROUP RELEASES 2022 ANNUAL ESG REPORT
2022 report reaffirms commitment to ESG, including through new targets on
People, Workplace, and DEI agendas, and the announcement of a partnership for
more sustainable records
The report coincides with WMG's CEO transition and was introduced by WMG's new CEO
The 2022 report highlights include:
- Work to reduce
Green House Gas(GHG) emissions by measuring WMG's annual global footprint and setting targets in line with climate science to reduce emissions and procure renewable energy.
- Building on several supplier partnerships to produce more sustainable record options, particularly recycled vinyl, WMG is thrilled to announce a new effort with
Sonopressto provide fans with records that use an estimated eight times less energy, reduce GHG emissions per record by approximately 85%, and have the same sound quality as traditional vinyl. Sales of these records will be piloted in 2023 with a view to scale over time.
- Reduced output of virgin raw plastic traditionally used for physical audio products and packaging by approximately 520 tonnes.
- Certification as a
Great Place to Work™ in the U.S.for the second year and in Spain, and designated as a Best Place to Work for LGBTQ+ Equality by the Human Rights Coalitionfor the third year running.
- The launch of
WMG's DEI Institute, a hub for innovation, learning, and action. The Institute offers educational series and training sessions with external expert faculty. It was awarded Best Initiative to Support Diversity & Inclusionin Music at the 2022 Music Cities Awards.
- Five new global targets to make progress in the areas of: talent development, employee wellbeing, workplace experience, DEI learning and development, and DEI plans tailored for each region.
- WMG-led industry wide effort, with more than 100 artists and songwriters, companies, organizations, and legal scholars, to call to Protect Black Art and urge
U.S.legislators to limit the practice of using lyrics as confessions in trials.
- WMG's legacy unrecouped advances program saw approximately 4,500 artists and related producers benefit globally in its first year.
Warner Music Group/ Blavatnik Family Foundation Social Justice Fundhas over $25 millionin grant commitments to date and has supported a roster of more than 30 organizations through its Core Grants Fund.
- Strengthened compliance protocols and controls, and reinforced compulsory anti-harassment trainings.
- WMG, along with
Sony Music Groupand Universal Music Group, won landmark victories against large-scale copyright theft.
Click here to read the report.
With a legacy extending back over 200 years,
View original content to download multimedia:https://www.prnewswire.com/news-releases/warner-music-group-releases-2022-annual-esg-report-301731740.html