PR Newswire
NEW YORK, Jan. 26, 2023
2022 report reaffirms commitment to ESG, including through new targets on
People, Workplace, and DEI agendas, and the announcement of a partnership for
more sustainable records
NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) today released its 2022 Environmental, Social, Governance (ESG) report. Last year, WMG became the first major music company to release a standalone ESG report, beginning to translate long-standing grassroots commitments into a more formal approach. The latest report shares progress in areas including employee experience, social impact, diversity, equity, and inclusion (DEI), and climate change, while setting new targets for 2023 and beyond.
The report coincides with WMG's CEO transition and was introduced by WMG's new CEO Robert Kyncl and outgoing CEO Steve Cooper.
Robert Kyncl said, "Music is a powerful and positive force, and WMG is filled with passionate change-makers and champions of culture. This report highlights the strong foundation for the company's continued evolution that's been built under Steve's leadership. As we chart the next phase of our long-term growth, we're committed to our ESG efforts as a critical part of our plan for WMG as a more dynamic, inclusive, and sustainable company."
The 2022 report highlights include:
Environmental
Social
Governance
Click here to read the report.
About Warner Music Group
With a legacy extending back over 200 years, Warner Music Group (WMG) today brings together artists, songwriters, and entrepreneurs that are moving entertainment culture across the globe. Operating in more than 70 countries through a network of affiliates and licensees, WMG's Recorded Music division includes renowned labels such as 300 Entertainment, Asylum, Atlantic, Big Beat, Canvasback, Elektra, Erato, First Night, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin', Warner Records, Warner Classics, and Warner Music Nashville. WMG's music publishing arm, Warner Chappell Music, has a catalog of over one million copyrights spanning every musical genre, from the standards of the Great American Songbook to the biggest hits of the 21st century. Warner Music Group is also home to ADA, the independent artist and label services company – as well as next gen artist services division WMX, which includes consumer brands such as Songkick, the live music app; EMP, the merchandise e-tailer; UPROXX, the youth culture destination; and HipHopDX, the hip-hop music news site. In addition, WMG counts storytelling powerhouse Warner Music Entertainment and social media content creator IMGN among its many brands. Follow WMG on Instagram, Twitter, LinkedIn, and Facebook.
Media Contact:
Summer Wilkie
Summer.Wilkie@wmg.com
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SOURCE Warner Music Group Corp.
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