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Does Going Green Pay Off for Record Labels?
Green initiatives by record labels are having a positive impact, says IMPALA's inaugural report into the economic benefits of sustainability.
The report’s findings are based on qualitative interviews IMPALA conducted earlier this year with a number of European indie labels signed up to the organization’s sustainability task force, including Beggars Group, Ninja Tune, PIAS, Warp and Domino. Helen Smith, executive chair of IMPALA, said its research indicated that the adoption of sustainability practices by record companies benefits not just the planet but also delivers “concrete advantages in other areas such as attracting artists, reducing costs, hiring and retaining employees,” as well as “being seen as a [market] leader.” Other green practices that have been recently introduced by IMPALA members include replacing plastic jewel CD cases with cardboard ones and switching vinyl production from PVC compound to the more environmentally friendly polyethylene terephthalate (PET) material, which equates to a 70-80% reduction in energy consumption, says the organization.
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