News article

ASM Global targets sustainable global venue portfolio

March 30 2023

Live entertainment company and venue operator ASM Global, through its corporate social responsibility platform ASM Global Acts, and in partnership with sustainability consulting firm Honeycomb Strategies, has announced that it plans to convert its portfolio into sustainable venues.

ASM Global targets sustainable global venue portfolio

ASM Global has said that it will dedicate resources to achieving measurable results throughout the business using tracking systems. The company already boasts over 40 certified green venues in conjunction with its client partners. 

Venues in the ASM Global portfolio will commit to reducing energy consumption by 25% by 2030; achieving 20% of all energy consumed through renewable energy sources by 2025; being carbon neutral by 2050; diverting over 50% of waste overall by 2025 and eliminating single-use plastic in front of house by 2025. 

Further initiatives include reducing water consumption by 25% by 2030 from 2023; awarding 50% of its reportable spend to suppliers adhering to ASM Global’s environmental purchasing policy by 2030; increasing plant-based menu options by 35% by 2024 within Savor (ASM Global’s food division) venues and decreasing food waste by 75% by 2026 within Savor venues. 

Lindsay Arell, one of Honeycomb Strategies’ two Principals, said: “The project has already begun. We’ve selected a group of pilot venues across size, type and continents that have begun reporting against the goals. The aim is to add additional venues at a fast pace to obtain important baseline information for 2023.”

In addition, ASM Global has partnered with WeTrack, a Software-as-a-Service (SaaS) company that provides planning, sustainability goals and operations solutions to brands including FIFA, the IOC and Wimbledon. The WeTrack system helps clients to track progress on sustainability, ESG (Environment, Social and Governance) and CSR (Corporate Social Responsibility) initiatives.

Image: Colorado Convention Center/Photo courtesy of ASM Global 

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