Goal: reduce GHG Emissions across all operations by 3.2% per year from 2010 to 2020
In adopting a science-based goal for GHG emissions, we had to face the concerning reality that AEG’s GHG emissions have exceeded our goal emissions every year since 2010.
In 2017, AEG’s global facilities and events emitted 188,593 metric tons of greenhouse gas (GHG) emissions. This represents a slight reduction in our emissions compared to our 2017 Base Year, but we are still 19% short of our goal for the year.
Meeting our 2020 goal will be difficult because a growing percentage of our emissions are from operations that we acquired since 2010: In 2017, acquisitions accounted for 53% of our emissions. However, for those operations that have been in our portfolio since 2010, our emissions this year were 18% lower than our Base Year levels. This underscores that our efforts to reduce emissions are paying off.
While we recognize that we still have work to do with respect to reducing our carbon emissions, we are continuing to employ a range of tools to drive continuous improvement.
Starting in 2018, with the help of our founding partner GASAG, the Mercedes-Benz Arena in Berlin is now sourcing 100% renewable electric power and is purchasing carbon offsets for 100% of its natural gas consumption.
Additionally, in April 2018, the City of Los Angeles completed the installation of 2.21 megawatt solar photovoltaic panels on the roof of the Los Angeles Convention Center. As a result of the new panels, the convention center will now generate 17% of its electricity from an on-site, fully emissions-free energy source.
While we believe that these two projects are solid first steps, moving forward we will continue to pursue using energy efficiency upgrades and investments in renewable energy as core tools for reducing our carbon footprint across our global portfolio.