Statute of Environmental Sustainability of Live Nation

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Below we bring you the Statute of Sustainability prepared by Live Nation.

Live Nation Entertainment is the world's leading live entertainment company comprised of global market leaders such as: Ticketmaster, Concerts Live Nation, Republic Festival, Academy Music Group, C3 Presents, LN Media and Sponsorship, and Artist Nation Management.

Live Nation Entertainment has the power to change lives. We believe that empowering others through music is one of the ways to make a difference in the world. This applies to our approach to sustainability; "Empowering the Earth" is our approach to reduce our environmental impacts.

We all depend on the environment to create live events worldwide. We are responsible for the environment where our places are located and where all the live events take place, so the environment plays a fundamental role in creating the unique atmosphere that generates enduring memories for the fans.

We will demonstrate leadership and commitment to climate action by establishing science-based objectives that will ensure that our reductions in greenhouse gas (GHG) emissions are aligned with the commitments established in the Paris Agreement of the UNFCCC. This will ensure our contribution with the level of decarbonisation required to keep the global temperature rise below 1.5 degrees Celsius, compared to pre-industrial temperatures, as established in the 2018 Assessment Report of the Intergovernmental Panel on Climate Change (IPCC). ).

Nation Live's position on climate change

Climate change is real and is happening now. CO2e levels in the air are the highest ever recorded. Extreme weather events have increased in frequency and intensity and have impacted the lives of many. This and other environmental issues, such as biodiversity loss, air pollution, sea level rise and ocean acidification, show that human actions are moving the earth to a less stable state.

Considering the catastrophic losses in biodiversity reported in the report entitled Living Planet, the IPCC establishes the time scale for urgent actions needed for global warming, raising public awareness and protests to demand that the government take action, and the need for Governments, businesses, organizations and individuals working together to reduce our greenhouse gas emissions is more evident than ever.

As a world leader in live entertainment, we have a responsibility to preserve the live music experience for generations to come, and this also involves a great opportunity to use our platform to inspire global environmental action.

We will work to reduce the environmental impact of our places and festivals to make sure that we are responsible global citizens, caring for the communities where we operate, and doing our part to stop the most damaging impacts of global climate change.

We will take advantage of the creative spirit of our industry, motivate and inspire our fans, employees, and artists and the industry to take small but powerful steps to care for the environment at our events. We will also take advantage of sustainability as a way to continue innovating and promoting value for our business.

This Statute is:

• A unifying vision that will capitalize and accelerate the work carried out to date and align ourselves towards a common sustainability purpose, causing our efforts to increase considerably until reaching the desired change.

• A set of aspirational but viable goals: we will align our efforts and goals with the framework of global standards, such as the Sustainable Development Goals of the United Nations, and the Initiative of the Science-Based Goals

• A platform of public and inspiring participation that brings together the best characters of live music, culture, brands, education and science to address and inspire solutions for climate change among the industry, our employees and our millions of followers.

Focus

We have identified eight priority areas that make up our sustainability work: emissions and energy, use of resources and waste (including plastic), water, food, public participation, procurement, transportation, and local impact. Each area has been evaluated in the context of its impact and contribution to the relevant UN Sustainable Development Goals.

Emissions of greenhouse gases

In 2019, all Live Nation venues and events will measure their greenhouse gas emissions with the goal of setting science-based goals that ensure that our reductions in greenhouse gas (GHG) emissions are aligned with the established recommendations published in the Evaluation Report 2018 of the Intergovernmental Panel on Climate Change (IPCC).

This will allow us to establish annual reduction targets to meet our overall objective of 50% reductions, according to scope 1 and 2 of greenhouse gas emissions by 2030.

Energy

We see the rapid transition to a low carbon economy as an urgent matter.

Our goal is that all our premises, offices and live events are operated by ourselves with 100% renewable energy. Our buildings and venues will operate using energy that follows the efficiency standards.

In the next 10 years we will increase the proportion of energy from renewable sources and invest in energy efficiency measures. We will select certified partners and suppliers that can help us achieve our goal, support innovation and test new technologies.

Efficiency of resources and waste

Live Nation will prioritize waste reduction, followed by reuse and then recycling, energy recovery and waste disposal.

Our goal is that all our offices, places and events become zero waste sites for landfills, and that they achieve a material recovery rate equal to or greater than 50% by 2030, considering the local and national prerequisites.

We will accurately inform about our waste and develop management plans with our contractors. We will create closed circuit waste management systems in our places and events, and support the development of a circular economy.

The plastic

We will gradually eliminate the sale of single-use plastics in our facilities and events of ownership and operation, by 2021 at the latest. All articles used subsequently must be reusable, renewable, or, if all this is inevitable, at least these products are made of at least 30% recycled material.

This includes sampling containers, cutlery, plates, cups, bottles, service utensils, envelopes, agitators, straws, among others.

We will explore the available plastic alternatives and align our partners towards the same goal.

We will implement a policy that prioritizes:

• Reuse instead of single-use materials.
• Renewable resources instead of finite resources.
• Certified compostable products where there are commercial installations of organic fertilizer.
• Give priority to products with the highest recycled content available, of at least 30%.

Water

We will provide good access to quality drinking water in our places and live events, reduce water waste and identify high risk areas that require restrictions on water consumption. We will explore the reuse of gray water and support innovation in this area.

Food

We see industrial production of food and waste as an environmental problem. We recognize the impact of carbon on food and work with our suppliers to obtain food with the highest possible standards of animal welfare. Providing quality and healthy food to our customers is a priority.

We will minimize the amount of food that is wasted and we will make the best use of composting facilities.

Commitment

Our sustainability objectives will be communicated clearly and transparently to our audience, and we will use our position and scope to engage with our clients to raise awareness of environmental issues. We will connect and collaborate with organizations and causes that defend the environment at a local and national level. We will participate in sustainability conversations within the industry and beyond to share best practices and learn from others.

Associations and Acquisitions

We will work with our supply chain, partners and sponsors to achieve our shared sustainability goals.
We will consider the full life cycle of the products we acquire and allow the development of new markets to support sustainable products.

Transport

It is important that all our places and live events have good public transport links. We will work with suppliers and local authorities to encourage the use of sustainable transport, such as bus, tram, train, coach and cycling. For unavoidable negative impacts we will try to measure and create positive impacts to balance these impacts and promote it among our audiences, artists, suppliers and contractors.

Local impacts

Ecology: each place has its own unique characteristics and designs that are prepared to be taken into account in ecologically sensitive areas or artefacts of heritage or cultural importance.

We will work in any local condition and carry out evaluations on the environmental impact or on biodiversity, in case it is necessary, to protect the local flora and fauna while our events are taking place.

Noise and light: we will work to minimize the impact of noise and light pollution of our events.

Local community: we support local charities and create local employment opportunities where possible. We will strive to measure the economic impact that our places and live events generate in local areas.

Wellness: we will guarantee the health and well-being of all employees and visitors.

Governance

The sustainability policy will be managed centrally and will be developed individually within each country, training each team to maintain sustainability at the center of our planning and operations.

Each participating country will develop an environmental management system and an action plan establishing the steps that will be taken to achieve our objectives.

In 2019, we will measure our baseline environmental footprint using a standard approach and use this to establish metrics and objectives that we will work with each year. We will transparently track and share our progress when publishing annual reports.

We will participate in certification schemes when necessary. We will share experiences (positive and negative) about the changes we make, sharing our best practices to learn from each other.

We will constantly seek to continue developing and improving this position.

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