Common Music Group, Sony Music Group, and Warner Music Group have established the Music Business Local weather Collective (MICC). The purpose is to deal with challenges within the {industry} that influence the worldwide local weather.
“This initiative demonstrates what could be achieved when music leaders come along with a shared imaginative and prescient and dedication to sustainability,” the MICC founding members stated in a press release. “We’re proud to collaborate to amplify environmental stewardship and provide sensible suggestions and techniques tailor-made to the distinctive wants of music corporations, no matter their measurement or scale of operations.”
“Collectively, we should proceed to make progress on this important precedence. We welcome all to hitch us in decreasing our {industry}’s carbon footprint by working collectively to make sure an environmentally accountable future for music and our planet.”
The American Affiliation of Unbiased Music (A2IM) has additionally been named an advisor to MICC. MICC will look to A2IM to help with numerous points, together with suggestions on easy methods to embody small-to-medium sized companies by connecting the indies’ vital perspective to the initiative. MICC’s first initiative would be the deployment of complete sectorial steering for measuring scope 3 greenhouse gasoline emissions. For the music sector, nearly all of greenhouse gasoline emissions are in scope 3.
Scope 3 refers to oblique emissions that happen within the worth chain, similar to these from product manufacturing, distribution, and licensing. Nevertheless, the Inexperienced Gasoline Protocol—the internationally accepted methodology for corporations to account for worth chain emissions—doesn’t present steering for measuring the oblique emissions particular to the music {industry}’s nuanced and sophisticated ecosystem.
MICC members have labored with scientific consultants to finish their first draft of the steering, which will probably be made out there for {industry} individuals’ consideration. MICC’s members have additionally initiated requires wider {industry} enter by an advisory council composed of unbiased file labels, worth chain companions, and local weather consultants.
The institution of an industry-specific method to calculating scope 3 emissions will present a science-based customary that can assist catalyze local weather resilience throughout the music sector, present vital steering to accomplice corporations in search of to provoke measurement of their very own emissions, and encourage consistency in how music corporations develop and disclose GHG inventories.