Universal Music Group, Inc. Sustainability Profile
Universal Music Group, Inc. (UMG), a leading entity in the global music industry, is headquartered in the United States. Founded in 1934, UMG has evolved into a powerhouse, encompassing a diverse range of operational regions including North America, Europe, and Asia. The company is renowned for its extensive portfolio of record labels, including iconic names such as Interscope, Def Jam, and Capitol Records. UMG's core services include music publishing, recorded music, and merchandising, setting it apart with its innovative approach to artist development and digital distribution. With a strong market position, UMG consistently ranks among the top music companies worldwide, boasting a roster of celebrated artists and numerous Grammy Awards. Its commitment to fostering creativity and embracing technological advancements solidifies its status as a leader in the ever-evolving music landscape.
DitchCarbon Score
How does Universal Music Group, Inc.'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 Group, Inc.'s score of 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Universal Music Group, Inc.'s reported carbon emissions
Universal Music Group, Inc. currently does not have specific carbon emissions data available for the most recent year. However, it is important to note that the company is a current subsidiary of Universal Music Group N.V., which may influence its climate commitments and initiatives. As part of its climate strategy, Universal Music Group, Inc. inherits various sustainability initiatives from its parent company, Universal Music Group N.V. This includes participation in the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are aimed at reducing greenhouse gas emissions and enhancing transparency in climate-related performance. Despite the absence of specific emissions data, Universal Music Group, Inc. is aligned with industry standards for climate action, reflecting a commitment to sustainability and environmental responsibility. The company is expected to follow the reduction targets and initiatives set forth by its parent organization, which are designed to address emissions across all scopes, including Scope 1, 2, and 3. In summary, while specific emissions figures are not available, Universal Music Group, Inc. is positioned within a framework of climate commitments inherited from Universal Music Group N.V., indicating a proactive approach to managing its environmental impact.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,668,000 | 0,000,000 |
| Scope 2 | 5,544,000 | 0,000,000 |
| Scope 3 | 352,459,000 | 000,000,000 |
How Carbon Intensive is Universal Music Group, Inc.'s Industry?
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Universal Music Group, Inc.'s Scope 3 Categories Breakdown
Universal Music Group, Inc.'s Scope 3 emissions, which decreased by 1% last year and decreased by approximately 1% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 71% of Scope 3 emissions.
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Universal Music Group, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Universal Music Group, Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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