New York, NY (Top40 Charts) BMG has partnered with a group of leading music companies to sign a wide-ranging commitment to 'decarbonise' the global music business in alignment with the latest climate science.
Initiated by the UK's Association of Independent
Music (AIM) in collaboration with UK record labels association the BPI, the founding Signatories of the 'Music Climate Pact' span numerous areas of the music business and include all three major music groups.
Paul Pacifico, Chief Executive Officer of the Association of Independent
Music (AIM), said: "The climate crisis is the single greatest challenge facing the world's population. No single business can solve this global threat on their own and it has been inspirational to see so much of the global music sector come together to take action. This Pact builds on the amazing work already underway by individual businesses of all sizes, and brings the knowledge sharing and cross collateralisation needed to effective substantive change. I would like to thank the Pact's supporters and partners and look forward to welcoming more businesses to the Pact and helping them deliver on its commitment."
Geoff Taylor, Chief Executive BPI & BRIT Awards, said: "The music community must take a leadership position on this most urgent of issues to support the work already being progressed by record labels to make their operations more sustainable. It means not just taking our own effective and co-ordinated industry action to respond to the climate crisis, but using the power of music to help inspire others in effecting meaningful change."
By February 2022, founding Signatories will be required to sign up to one of two schemes, the Science Based Targets Initiative (SBTi) or the UN-backed Race to Zero SME Climate Commitment. This will see Signatories work with experts to set and execute actionable climate targets on which they will report regularly.
The Pact, developed with support from the UN Environmental Programme, marks a significant step in aligning the global music business, and the measures already taken by individual companies, around a coherent and industry-co-ordinated strategy. This will seek to unite and take forward existing climate initiatives.
Christopher Ludwig, VP Global
Digital Partnerships & Strategy of BMG said: "BMG is committed to taking responsibility for reducing its impact on the environment and achieving its climate goals. The
Music Climate Pact has a useful role in helping companies address issues which cannot be dealt with individually and we are pleased to play our part."
