LOS ANGELES (CelebrityAccess) — To mark the occasion of Earth Day 2019, entertainment giant AEG announced it has adopted a new greenhouse gas (GHG) emissions reduction goal to achieve net zero emissions by 2050.
The goal is based on the 2018 Global Warming of 1.5˚ C report from the United Nations’ Intergovernmental Panel on Climate Change (IPCC), moves the chains on AEG’s previous 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 revised 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, including its water conservation and waste reduction under its AEG 1EARTH brand, which is now in its second decade of operation.
“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.