AEG Adopts New Greenhouse Gas Goal in Accordance with UN IPCC’s 1.5˚ Celsius Target
LOS ANGELES--(BUSINESS WIRE)-- AEG, the world’s leading sports and live entertainment company, announced today on Earth Day 2019, that the company has adopted a new greenhouse gas (GHG) emissions reduction goal to achieve net zero emissions by 2050, based on the 2018 Global Warming of 1.5˚ C report from the United Nations’ Intergovernmental Panel on Climate Change (IPCC).
The announcement revises AEG’s previous 2.0˚-based 2020 goal to reduce emissions by 25% or approximately 3.2% per year between 2010 and 2020, and makes it one of the first companies to formally adopt the 1.5˚-based emissions target which recommends global emissions reduction 100% by 2050. AEG’s adoption of the new 1.5˚-based goal will require the company to reduce its total emissions by 33% from 2010 to 2020, and to follow IPCC’s guidance to reduce emissions by 45% by 2030 and 100% by 2050.
“We are committed to leading the way toward change and continuing to help draw attention to this serious issue by doing more to ensure the safety of our world,” said John Marler, Vice President, Energy & Environment for AEG. “Today’s announcement builds on that commitment to further drive improvements in our global operations wherever possible. Meeting our current 2020 GHG goal is critical as it reflects the level of reductions required to achieve this longer-term targets.”
Separately, AEG also announced the release of its 2019 Sustainability Report, which outlines the company’s corporate environmental sustainability activities under its industry leading AEG 1EARTH brand, which is now in its second decade of operation.
The sustainability report, which is available for download on the company’s website, outlines the company’s progress toward its set of 2020 GHG, water conservation and waste reduction goals.
“While we are pleased with the work we have done to date, we recognize that much more work needs to be done. In addition to adopting our new 1.5˚ C target for GHG emissions, we continue to look for ways to reduce potable water at water-stressed sites by 4.4% per year and diverting 70% of waste from landfill across all AEG operations,” Marler added.
To view and download the 2019 AEG Sustainability report, click here .
Headquartered in Los Angeles, California, AEG is the world’s leading sports and live entertainment company. With offices on five continents, the company operates in the following business segments: AEG Facilities, which is affiliated with or owns, manages or consults with more than 150 preeminent arenas, stadiums, theaters, clubs and convention centers around the world including STAPLES Center, The O2 Arena, the Sprint Center and the Mercedes-Benz Arenas; AEG Presents, which is dedicated to all aspects of live contemporary music performances, including producing and promoting global and regional concert tours, music and special events and world-renowned festivals; AEG Real Estate, which develops world-class venues, as well as major sports and entertainment districts like STAPLES Center and L.A. LIVE; AEG Sports, which is the world’s largest operator of sports franchises and high-profile sporting events; and AEG Global Partnerships, which oversees worldwide sales and servicing of sponsorships including naming rights, premium seating and other strategic partnerships. Through its worldwide network of venues, portfolio of powerful sports and music brands, AXS.com ticketing platform, AXS cable television channel and its integrated entertainment districts, AEG entertains more than 100 million guests annually. More information about AEG can be found at www.aegworldwide.com.