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 47 is higher than 98% 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 greenhouse gas emissions of approximately 477,160,000 kg CO2e. This includes 1,945,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 5,627,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, approximately 469,588,000 kg CO2e, fall under Scope 3, which includes emissions from the entire value chain, such as purchased goods and services, business travel, and employee commuting. Universal Music has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 58% by 2032, using 2019 as the base year. Additionally, they plan to cut Scope 3 emissions by 62% per EUR value added within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. In 2022, the company reported total emissions of about 448,319,000 kg CO2e, indicating a significant focus on reducing their carbon footprint in the media sector. Universal Music's commitment to sustainability reflects a growing trend within the industry to address climate change proactively.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 |
| Scope 3 | - | 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.
