News

1^st February 2021 – Warner Music Group have shared their first annual Environment, Social and Governance (ESG) report. The report, which has been released today, demonstrates WMG’s commitment to tackling environmental and social challenges with clear and measurable targets. Spearheaded by Samantha Sims (Vice President, ESG, WMG) and WMG’s ESG Executive Oversight Committee, the report was created with the input of more than 70 employees. The document is a vehicle to communicate to key stakeholders and a baseline for WMG to measure its ESG progress in areas including employee wellbeing, diversity, equity, and inclusion, social impact, and climate change.

Some highlights of the report include –

• WMG calculated its first direct greenhouse gas emissions footprint and will propose a target to the science-based targets initiative in 2022.

• WMG established a set of DEI commitments, put in place new support for its 45 Employee Resource Group chapters, and developed new recruitment and educational programs to foster more inclusive thinking and behaviours.

• The company increased the representation of independent directors on its Board committees and the Board’s Nominating and Corporate Governance Committee has assumed oversight of ESG.

For further information see the Warner Music Group press release here or download the full report here.