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 69 is higher than 99% 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's reported carbon emissions
In 2024, Universal Music Group N.V. reported total carbon emissions of approximately 627,420,000 kg CO2e. This figure includes 1,797,000 kg CO2e from Scope 1 emissions, 6,467,000 kg CO2e from Scope 2 emissions, and a significant 619,156,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions encompass various categories, with the largest contributions from purchased goods and services (approximately 327,454,000 kg CO2e) and upstream transportation and distribution (about 90,880,000 kg CO2e). In comparison, the previous year, 2023, saw total emissions of around 477,160,000 kg CO2e, indicating a substantial increase in emissions in 2024. The breakdown for 2023 included 1,945,000 kg CO2e from Scope 1, 5,627,000 kg CO2e from Scope 2, and 469,588,000 kg CO2e from Scope 3. Universal Music has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 58% by 2032, using 2019 as the base year. Additionally, the company targets 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 global efforts to limit warming to 1.5°C and achieve net-zero emissions by 2050. Overall, Universal Music's climate strategy reflects a commitment to significant emissions reductions across all scopes, contributing to broader industry efforts to combat climate change.
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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 participating in some of the initiatives that 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.
