AEG Adopts Science-Based 2020 Environmental Goal For GHG Emissions Reduction

LOS ANGELES, Oct. 11, 2016 /PRNewswire/ -- At SXSW Eco, John Marler, Senior Director, Energy and Environment for AEG, today announced that AEG, the world's leading sports and live entertainment company, has adopted a new science-based goal to reduce its greenhouse gas (GHG) emissions and that the company has released its 2016 AEG Sustainability Report.

The announcement underscores AEG's continued commitment to reducing GHG emissions and its environmental footprint.  Overall, the company has reduced annual GHG emissions by 13% at sites that have been in its portfolio since 2010 -- the equivalent of taking 3,200 vehicles off the road.

In its 2016 sustainability report, AEG outlined its progress towards the company's new set of 2020 Environmental Goals that are based on performance metrics collected from its worldwide venues, festivals and offices.  The new goals will help ensure AEG is making meaningful and measurable reductions to its environmental footprint.

The company's 2020 goals are as follows:

• Reduce GHG emissions across all operations by 3.2% per year from 2010 to 2020. This new science-based GHG goal ensures emissions reductions are aligned with recommendations made by the scientific community to keep global temperatures from increasing more than 2 degrees Celsius and will ensure that AEG is doing its part to help avoid the worst of climate change.
• Reduce potable water use at water-stressed sites by 2.3% per year from 2010 to 2020.  The new water target focuses potable water conservation efforts on sites in "water-stressed" regions as identified by the World Resources Institute.
• Divert 70% of waste from landfill across all operations by 2020. AEG surpassed its original waste diversion goal of 25% several years ago. Its new 70% target will help AEG move closer to its long-term vision of zero waste.

The AEG 2016 Sustainability Report highlights several of AEG's recent achievements in the area of sustainability, including:

• London's The O₂ district reaching 100% sourcing of renewable electricity in 2015, making it the third site in the AEG portfolio to reach this milestone.
• Reducing annual potable water consumption by 27 million liters at water-stressed sites from 2010 to 2015, equivalent to about 11 Olympic sized swimming pools.
• In 2015, Los Angeles Convention Center achieving LEED Gold recertification, making it the largest U.S. convention center to do so.

"We are excited to share another chapter of our sustainability story and to announce AEG's new 2020 Environmental Goals. We put a lot of thought into these goals and I hope our story inspires further action on the important issues of greenhouse gas reduction, potable water conservation, and waste reduction," said Marler.

In addition to reporting on AEG's environmental performance metrics, the report also features examples of the AEG 1EARTH program in action at multiple iconic venues worldwide, including The O₂ in London, Barclays Center in Brooklyn, NY, Mercedes-Benz Arena in Shanghai, China, Kuala Lumpur Convention Center in Malaysia, and Valley View Casino Center in San Diego, Ca.

AEG launched its corporate sustainability program, AEG 1EARTH, in 2007 and published the industry's first sustainability report in 2010. To view or download the 2016 AEG Sustainability Report, visit aeg1earthreport.com.

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