iHeartMedia, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Diversity, Equity and Inclusion
- Environmental Sustainability
- Community Engagement
- Governance
- Media Pluralism
- Journalistic Integrity
Environmental Achievements
- Transitioned from on-premise hardware systems to cloud-based platforms, decommissioning energy-intensive servers; using energy-efficient laptops; replacing fluorescent lighting with LED lights; gaining LEED certifications for several facilities; strategically decreasing real estate footprint; 41.5% reduction in power consumption compared to 2018.
Social Achievements
- Raised $26.2M through radiothons in 2022; contributed over $282 million worth of media to nearly 1,700 nonprofits; employees volunteered over 11,000 hours; launched "Show Your Stripes" program for veterans; iHeartIMPACT provided over $6.2M in funding; Let's Talk mental health campaign resulted in 713M impressions; supported LGBTQ+ organizations with $14M over four years; supported mental health initiatives with $1.6M in 2022 alone; committed $7.9 million worth of media to organizations fighting hate and racism.
Governance Achievements
- Nominating & Corporate Governance Committee oversees ESG strategies; alignment with SASB Media & Entertainment industry standard; formed a day-to-day ESG Strategy Committee; approximately 40% of Board members are women and approximately 40% are BIPoC; maintains a third-party managed hotline for anonymous reporting of violations.
Climate Goals & Targets
Short-term Goals:
- 100% LAB participation by 2024; reduce office footprint and consolidate locations; improve efficiencies and set targets for GHG emissions reduction.
Environmental Challenges
- Minimizing environmental impact of 24/7 radio operations and business activities; assessing and reducing carbon footprint; maintaining data security and privacy.
Mitigation Strategies
- Assessing Scope 1 and 2 GHG emissions; transitioning to cloud-based platforms; energy-efficient practices; implementing robust data security and privacy measures; annual privacy and security awareness training for employees.
Supply Chain Management
Responsible Procurement
- Commitment to human rights and fair labor practices; zero-tolerance policy on child or forced labor or human trafficking.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
UN Sustainable Development Goals
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iHeartMedia's community programs align with various UN SDGs, focusing on family and social impact, health and wellness, education and literacy, music and arts, and environmental sustainability.