Universal Music
Universal Music Group (UMG), a leading entity in the global music industry, is headquartered in the Netherlands (NL) and operates extensively across major regions, including North America, Europe, and Asia. Founded in 1934, UMG has evolved into a powerhouse, representing a diverse array of artists and genres, from pop and rock to classical and hip-hop. The company excels in music publishing, recorded music, and merchandising, offering unique services that cater to both established and emerging talent. UMG's innovative approach to artist development and digital distribution has solidified its market position, making it a key player in the ever-evolving music landscape. With numerous accolades and a rich catalogue of iconic recordings, Universal Music continues to shape the future of music worldwide.
DitchCarbon Score
How does Universal Music's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Universal Music's score of 67 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Universal Music's reported carbon emissions
In 2023, Universal Music Group N.V. reported total carbon emissions of approximately 477,160,000 kg CO2e. This figure includes 1,945,000 kg CO2e from Scope 1 emissions, 5,627,000 kg CO2e from Scope 2 emissions, and a significant 469,588,000 kg CO2e from Scope 3 emissions, which encompass a wide range of activities including purchased goods and services, business travel, and employee commuting. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 58% by 2032, using 2019 as the baseline year. Additionally, Universal Music is targeting a 62% reduction in Scope 3 emissions per EUR value added within the same timeframe. These targets have been validated by the Science Based Targets initiative (SBTi), aligning with the goal to limit global warming to 1.5°C. In 2022, Universal Music's total emissions were approximately 448,319,000 kg CO2e, indicating a slight decrease in emissions from 2022 to 2023. The company continues to focus on sustainability and reducing its carbon footprint as part of its long-term strategy.
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| 2019 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 4,441,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,013,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 530,824,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Universal Music is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
