The 2022 report reaffirms our commitment to ESG.
Announcement of People, Workplace, DEI Agenda, and Partnerships
A more sustainable record
New York, January 26, 2023 /PRNewswire/ — Warner Music Group (Nasdaq: WMG) today released its 2022 Environmental, Social and Governance (ESG) Report. Last year, WMG became the first major music company to release his ESG report independently, beginning to translate years of grassroots efforts into a more formal approach. Our latest report shares progress in areas such as employee experience, social impact, diversity, equity and inclusion (DEI) and climate change while setting new goals for 2023 and beyond. increase.
The report coincides with WMG’s CEO change and was introduced by WMG’s new CEO. Robert Kinkle CEO leaving with Steve Cooper.
Robert Kinkle “Music is a powerful positive force, and WMG is full of passionate changemakers and cultural advocates. We are making ESG efforts an integral part of WMG’s plan to become a more dynamic, inclusive and sustainable company for long-term growth.”
Highlights of the 2022 report include:
- To reduce greenhouse gas (GHG) emissions, measure WMG’s annual global footprint, set targets aligned with climate science to reduce emissions, and source renewable energy .
- Building on partnerships with several suppliers to produce more sustainable record options, especially recycled vinyl, WMG is pleased to announce a new initiative with Sonopress. This gives the fan a record that uses an estimated eighth less energy, reducing his GHG emissions per record by about 85%. It has the same sound quality as traditional vinyl. Sales of these records will begin on a pilot basis in 2023 with the aim of expanding over time.
- We’ve eliminated approximately 520 tons of virgin raw plastic that was traditionally used in physical audio products and packaging.
- Obtained Great Place to Work™ certification in the United States from the second year onwards Spainand named the Best Place to Work for LGBTQ+ Equality by the Human Rights Coalition for the third consecutive year.
- Launch of WMG’s DEI Institute, a hub for innovation, learning and action. The Institute offers educational series and training sessions with external professional faculty. Winner of Best Initiative to Support Diversity and Inclusion in Music at the 2022 Music Cities Awards.
- Five new global targets to advance in the areas of Talent Development, Employee Benefits, Workplace Experience, DEI Learning and Development, and Locally Tailored DEI Plans.
- More than 100 artists, songwriters, businesses, organizations and legal scholars call for Protect Black Art in WMG-led industry-wide effort, lobbying US lawmakers to limit the practice of using lyrics as confessions in court .
- WMG’s traditional uncollected advance program benefited approximately 4,500 artists and associated producers worldwide in its first year.
- The Warner Music Group/Bravatnik Family Foundation Social Justice Fund has ended. $25 million To date, we have made grant commitments and have supported a roster of over 30 organizations through our Core Grants Fund.
- Enhanced compliance protocols and controls and enhanced mandatory anti-harassment training.
- WMG, along with Sony Music Group and Universal Music Group, scored landmark victories against large-scale piracy.
Click here to read the report.
About Warner Music Group
With over 200 years of history, Warner Music Group (WMG) brings together the artists, songwriters and entrepreneurs who are currently driving entertainment culture around the world. Operating in more than 70 countries through a network of affiliates and licensees, WMG’s recorded music division includes 300 Entertainment, Asylum, Atlantic, Big Beat, Canvasback, Elektra, Erato, First Night, Fueled by Ramen, Nonesuch , Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin’, warner records, Warner Classics, Warner Music Nashville. WMG’s Music Publishing Division, Warner Chappell songshas a catalog of over one million copyrights across all musical genres, from Great American Songbook standards to the biggest hits of the 21st century. Warner Music Group is also home to his ADA, an independent artist and label services company. EMP, an electronic retailer of goods. UPROXX, the destination of youth culture. His HipHopDX for hip hop music news site. In addition, WMG counts storytelling powerhouse Warner Music Entertainment and his social media content creator IMGN among numerous brands. Follow WMG on Instagram. twitterLinkedIn, and Facebook.
Source: Warner Music Group Corporation