AEG, which runs the likes of Staples Center, The O2 Arena and the Mercedes-Benz Arena, has announced it is aiming to cut its greenhouse gas emissions to net zero by 2050.

The firm’s intentions were revealed on Earth Day 2019 (April 22), with AEG stating that it has renewed its former goal of reducing emissions by 25 per cent between 2010 and 2020 in response to the Global Warming of 1.5˚C report from the UN’s Intergovernmental Panel on Climate Change (IPCC).

In order to reach its new goal, AEG will need to reduce its total emissions by 33 per cent from 2010 to 2020, in addition to the IPCC’s advice to reduce emissions by 45 per cent by 2030 and 100 per cent by 2050.

“We are committed to leading the way toward change and continuing to help draw attention to this serious issue by doing more to ensure the safety of our world,” said John Marler, vice-president, energy and environment for AEG.

“Today’s announcement builds on that commitment to further drive improvements in our global operations wherever possible. Meeting our current 2020 GHG goal is critical as it reflects the level of reductions required to achieve these longer-term targets.”

AEG also released of its 2019 Sustainability Report, which outlines the company’s corporate environmental sustainability activities under its AEG 1EARTH brand, which is now in its second decade of operation. The report outlines the company’s progress toward its set of 2020 GHG, water conservation and waste reduction goals.

Marler added: “While we are pleased with the work we have done to date, we recognise that much more work needs to be done. In addition to adopting our new 1.5˚ C target for GHG emissions, we continue to look for ways to reduce potable water at water-stressed sites by 4.4 per cent per year and diverting 70 per cent of waste from landfill across all AEG operations.”