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 75 is higher than 86% 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. currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Universal Music Group N.V., which may influence its climate commitments and emissions reporting. As of now, Universal Music Group, Inc. has not outlined any specific reduction targets or initiatives related to carbon emissions. The absence of documented reduction targets suggests that the company is still in the early stages of formalising its climate strategy. The emissions data and climate commitments may be inherited from its parent company, Universal Music Group N.V., which is responsible for setting the overarching sustainability goals. However, specific details regarding emissions or targets from Universal Music Group N.V. have not been provided in the available data. In summary, while Universal Music Group, Inc. is part of a larger corporate family that may have climate initiatives, there is currently no specific emissions data or reduction commitments available for the company itself.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 4,441,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,013,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 530,824,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Universal Music Group, Inc.'s Industry?
How Carbon Intensive is Universal Music Group, Inc.'s Location?
Universal Music Group, Inc.'s Scope 3 Categories Breakdown
Universal Music Group, Inc.'s Scope 3 emissions, which increased by 32% last year and increased by approximately 17% since 2019, 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 53% of Scope 3 emissions.
Top Scope 3 Categories
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 not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
