Madison Square Garden Entertainment Corp. and Madison Square Garden Sports Corp.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Waste Generated:Over 186 tons reduced through recycling
ESG Focus Areas
- Philanthropy
- Community Engagement
- Workforce and Culture
- Sustainability
Environmental Achievements
- Reduced water consumption by over 60% in NYC venues using sensor faucets
- Saved 400 gallons of water per day (146,000 gallons/year) by installing mechanical seals
- Reduced waste headed to landfills by over 186 tons through recycling programs
- Converted more than five tons of food scraps to biofuel in the first six months of 2022
- 90% of food-service packaging is reusable, compostable, or recyclable
Social Achievements
- Garden of Dreams Foundation impacted more than 425,000 young people and their families, donating over $70 million
- Awarded over $6 million in Inspire Scholarships since 2015
- Distributed over $10 million in grants to community and hospital partners since 2006
- Created six Employee Resource Groups with approximately 550 members, producing over 17 internal programs
- MSG Relief Fund distributed more than $2.5 million in relief grants to 1,200 employees
Governance Achievements
- Established guidelines to de-bias talent review conversations
- Updated Consciously Inclusive Awareness Experience training for all employees
- Created an Emerging Talent program to identify and develop high-performing talent
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impact on part-time venue employees and community partners
- Reducing environmental footprint across venues and operations
Mitigation Strategies
- Created the MSG Relief Fund and Garden of Dreams COVID Grant program
- Implemented various sustainability initiatives including water conservation, waste reduction, and energy efficiency
- Adopted new measures to prevent the spread of infection in workplaces and venues
Supply Chain Management
Responsible Procurement
- Sourcing sustainable products for food & beverage, using climate-friendly materials