WMG RELEASES ESG IMPACT REPORT

Warner Music Group has summarized its yearly progress in environmental, social and corporate governance. Highlights of the ESG report include advocating for the responsible use of AI, committing to sourcing 100% renewable energy for all WMG’s offices by 2030 and broadening various employee programs.

“2023 was a year where we set in motion new plans for the long-term success of WMG,” WMG CEO Robert Kyncl said. “We’re sharpening our focus on delivering for our artists and songwriters, employees, and shareholders, while giving back to the communities in which we work and reducing our impact on the planet. As a global company, we understand how much music matters—not just as a force in entertainment, but for its power to influence positive changes in society, technology, and commerce.”

The reports noted that WMG continued the company’s focus on diversity, equity, and inclusion; focused on ways to better support the mental health and wellbeing of the company’s artists and songwriters; and hosted songwriting camps around the world to foster inclusivity, build connections, and provide tools for artists and songwriters to build careers.

WMG continued to advocate for the Protect Black Art movement and the Restoring Artistic Protections (RAP) Act, which seeks to protect artists by limiting the discriminatory practice of using lyrics as evidence in court cases. The Warner Music Group/Blavatnik Family Foundation Social Justice Fund supported non-profits that cultivate social justice through education, arts and culture, and criminal justice reform.

The company co-founded the Music Industry Climate Collective (MICC), which aims to use data, science, and collaboration to provide practical recommendations and science-based strategies specifically tailored to the unique requirements of the music sector.

Click here to read the report.