Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity, Equity & Inclusion
• Mental Health
• Civic Education
• Environment
• Children's Health
• Veterans & Service Members

Environmental Achievements

• 5 million seeds planted, 1.5 million oysters protected, 2,996 cumulative volunteer hours served, 2,472 pounds of trash collected, 917 pounds of plants cleared, 300+ books recycled, 76 trees planted; Audacy Beach Festival implemented sustainable practices (paperless tickets, digital signage, refill water stations), donated proceeds to ocean conservation initiatives, planted a tree for every attendee; 99% eco-friendly supplies in offices, focused use of recycled paper saving 7.4 million gallons of water, 100% market participation in annual company-wide volunteer day

Social Achievements

• Welcomed eight fellows from underrepresented groups into sales, marketing, and content roles; partnered with the National Urban League to empower urban residents; supported the Philadelphia Urban League in generating more than 5.5 million impressions promoting public health and COVID vaccines; CHANNEL Q programming reached 125,000 weekly listeners and 3 million social media followers; I’m Listening campaign reached over 200 million people, generating over $800,000 in donations for AFSP; supported various local community initiatives (e.g., food desert alleviation, scholarships for young women, COVID vaccine awareness campaigns); raised $6 million for Children’s Miracle Network events and $3.2 million for St. Jude events; raised over $14.2 million in 2021 for children's healthcare and research; supported veterans through ConnectingVets.com platform and various local initiatives

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Use of 99% eco-friendly supplies in offices

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CMN 2021 Media Partner of the Year

Environmental Metrics

ESG Focus Areas

• Diversity, Equity and Inclusion

Social Achievements

• Our Diversity, Equity and Inclusion ("DEI") Council, comprised of representatives from across our Company, supports our current DEI initiatives, and is responsible for championship and communicating future DEI initiatives. Through our year-long fellowship experiences, which include on-the-job learning and growth opportunities, we welcome recent college graduates from underrepresented groups and underserved communities, as well as others who demonstrate the talent and desire to pursue a career in audio to fill key openings across our organization.

Governance Achievements

• We have a Code of Business Conduct and Ethics that applies to each of our employees, including our principal executive officers and senior members of our finance department.

Climate Goals & Targets

Environmental Challenges

• The effects of the current macroeconomic conditions and novel coronavirus ("COVID-19") global pandemic on our operations and the operations of our customers, have had, and may continue to have, a material adverse effect on our business, financial condition, results of operations, or cash flows.

Mitigation Strategies

• We have taken proactive actions in an effort to mitigate its effects and are continually assessing its effects on our business, including how it has and will continue to impact advertiser demand.
• We incurred restructuring charges, including workforce reductions and other restructuring costs of $10.0 million and 5.7 million during the years ended December 31, 2022 and 2021, respectively.

Supply Chain Management

Climate-Related Risks & Opportunities