FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/3/2022
Believe releases its first social & environmental report
as part of its ‘Shaping Music for Good’ strategy
Paris, France – Thursday, June 2, 2022. Believe (Ticker: BLV, ISIN: FR0014003FE9), one of the world’s leading digital music companies, releases its first social & environmental report presenting the Group’s ambition to ‘Shape Music for Good’, leading the way to a more sustainable, fair and inclusive music industry.
This detailed report, audited by the third-party independent experts KPMG, presents Believe’s structured approach, initiatives and non-financial indicators in line with global Environmental, Social, and Governance (ESG) standards and European and French regulations applied to a publicly traded company1.
Social responsibility has been part of Believe’s business model since its creation in 2005, through its aim of democratizing access to music platforms and easing digital monetization for diverse local artists and labels.
In 2021, Believe conducted an extensive consultation with its various stakeholders to formalize and structure its Corporate Social Responsibility (CSR) strategy based on the 4 pillars of ’Shaping Music for Good’:
Believe also strengthened its CSR approach through the creation of a Board-level CSR Committee and through incorporating CSR objectives as part of executives’ remuneration policy, in addition to its compliance practices (code of ethics, anti-corruption training, whistleblowing procedures).
“Our CSR strategy, Shaping Music for Good is deeply embedded in Believe’s business model. Fueled by our driving forces of expertise, respect, transparency and fairness, it guides us – our employees, artists and partners – in building a more sustainable, diverse, and inclusive music industry,” said Sandrine Bossard, Chief People Officer.
As one of the leading global music companies, Believe is fully devoted to playing a role in addressing the major challenges that the digital music industry is facing, notably:
Full CSR report / NFPS (DPEF) available here.
Believe is one of the world’s leading digital music companies. Believe’s mission is to develop independent artists and labels in the digital world by providing them the solutions they need to grow their audience at each stage of their career and development. Believe’s passionate team of digital music experts around the world leverages the Group’s global technology platform to advise artists and labels, distribute and promote their music. Its 1,430 employees in more than 50 countries aim to support independent artists and labels with a unique digital expertise, respect, fairness and transparency. Believe offers its various solutions through a portfolio of brands including TuneCore, Nuclear Blast, Naïve. Groove Attack and AllPoints. Believe is listed on compartment A of the regulated market of Euronext Paris (Ticker: BLV. ISIN: FR0014003FE9).
Manon Jessua, [email protected]
Kelly Martin, [email protected], +33 6 63 52 94 74
Contact Investors Relations:
Emilie Megel, [email protected], +33 6 07 09 98 60
1 This report corresponds to the Non-Financial Performance Statement (NFPS) as part of the Chapter 2 of Believe’s Universal Registration Document.
2 The direct carbon footprint (871 tons of CO2 equivalent in 2021) corresponds to the Scope 1&2: greenhouse gas emissions directly related to the company and indirectly via the energy purchased (GHG associated with the production of electricity).
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds – and more!