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Universal Music Group NV
Universal Music Group's GHG Emissions Data Preview
In 2024, Universal Music Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Universal Music Group has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified Sources Behind Universal Music Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Universal Music Group’s data sources below and access millions more through our Disclosure Search.
Insights into Universal Music Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofUniversal Music Group amounted to10,613metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Universal Music Groupincreased by 3.88%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Universal Music Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Universal Music Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Universal Music Group were 1,797 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Universal Music Group reduced its Scope 1 emissions over time?
Since 2019, Universal Music Group's Scope 1 emissions have decreased by 59.54%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Universal Music Group's Scope 1 emissions decreased by 7.61%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Universal Music Group's Scope 2 emissions?
In 2024, Universal Music Group reported Scope 2 greenhouse gas (GHG) emissions of 6,467 tCOâ‚‚e using the market-based method and 8,816 tCOâ‚‚e using the location-based method.a
Has Universal Music Group reduced its Scope 2 emissions over time?
Since 2019, Universal Music Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Universal Music Group's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year(2023), Universal Music Group's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Universal Music Group's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Universal Music Group use for Scope 2 reporting?
In 2024, Universal Music Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
Universal Music Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Universal Music Group's Value Chain Emissions
In 2024, Universal Music Group reported 619,156 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Universal Music Group includes a breakdown across 11of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Universal Music Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Universal Music Group's Scope 3 emissions?
In 2024, Universal Music Group reported total Scope 3 emissions of 619,156 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 83.05%of these emissions originated from upstream activities such as purchased goods and capital goods, while 16.95%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Universal Music Group reduced its Scope 3 emissions over time?
Since 2019, Universal Music Group's Scope 3 emissionshave increased by 16.64%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Universal Music Group's Scope 3 emissions increased by 31.85%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Universal Music Group disclose?
In 2024, Universal Music Group reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Universal Music Group's Scope 3 emissions?
In 2024, the largest contributors to Universal Music Group's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 327,454 tCOâ‚‚e(52.89%)
- Investments (Cat. 15): 93,257 tCOâ‚‚e(15.06%)
- Upstream Transportation and Distribution (Cat. 4): 90,880 tCOâ‚‚e(14.68%)
Universal Music Group's Scope 3 Emissions by Categories
Insights into Universal Music Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Universal Music Group reported Scope 1 greenhouse gas (GHG) emissions of 1,797 tCOâ‚‚e and total revenues of USD 12,317 millions. This translates into an emissions intensity of 0.15 tCOâ‚‚e per millions USD.a
Universal Music Group's Scope 1 Emissions Intensity Compared to Peers
How does Universal Music Group's GHG emissions intensity compare to its peers?
In 2024, Universal Music Group reported a Scope 1 emissions intensity of 0.15 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.52, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Universal Music Group rank on GHG emissions intensity within its industry?
In 2024, Universal Music Group ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Universal Music Group among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Universal Music Group's Total Carbon Footprint
In 2024, Universal Music Group reported a total carbon footprint of 629,769 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.26% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Universal Music Group's total carbon footprint was Scope 3 emissions, accounting for 98.31% of the company's total carbon footprint, followed by Scope 2 emissions at 1.4%.a