Paramount Press
Paramount Releases 2023-2024 Environmental, Social, and Governance (ESG) Report
By Paramount Staff
Share
NEW YORK, Oct. 3, 2024 - Paramount Global (NASDAQ: PARA, PARAA) today released its fifth annual Environmental, Social, and Governance (ESG) Report highlighting its efforts within three key focus areas: On-Screen Content & Social Impact; Workforce & Culture; and Sustainable Production & Operations.
In today's rapidly transforming media landscape, the ways we connect with and reflect the stories of our communities, and the steps we take to operate responsibly and sustainably, are just as important as the finished product on screen, said Crystal Barnes, Executive Vice President, Social Impact & ESG at Paramount. Our progress on this journey was on full display this year - from major events to our programming and sustainable operations - and we look forward to furthering our efforts in the years to come.
In addition to year-over-year workforce and environmental impact data, this years report provides additional disclosures intended to align with expectations from key ESG external stakeholders.
Other highlights from the report include:
Social Impact and Sustainability at Super Bowl LVIII: Super Bowl LVIII in February 2024 demonstrated Paramount's social and environmental efforts at scale. Throughout the NFL season and leading up to the event in Las Vegas, Paramount showcased content and engaged the community in alignment with its Content for Change initiative, which seeks to counteract narratives that enable bias, stereotypes, and marginalization. Additionally, Paramount's sustainability priorities informed production teams in managing the event's environmental impacts.
Advancing Paramount's Emissions Reduction Strategy: In 2022, the company introduced Peak Sustainability, a comprehensive climate action strategy for Paramount UK comprised of seven key climate action pledges that aim to address environmental impacts across the group's ESG priorities. Peak Sustainability is part of a longer-term vision for Paramount, serving as a catalyst for continued progress in developing and achieving company-wide, internal climate-related benchmarks and scaling Paramount's climate strategy globally. In 2023, Paramount made further progress on this initiative by engaging in a number of activities in support of its seven pledges.
Paramount is also pursuing a range of measures to reduce its direct and indirect GHG emissions across its global operations, from corporate offices to production-related activities. Notably, the Paramount Pictures Lot in Los Angeles - a leader in implementing low-impact environmental practices in the entertainment industry for over a decade - pledged to further reduce its Scope 1 and 2 GHG emissions by 50% by 2028 as part of the Department of Energy's Better Climate Challenge. As of 2023, the Paramount Pictures Lot has reduced its Scope 1 and 2 emissions by 46%, which is 4% away from meeting its goal.
Giving Back to the Community: In 2023, Paramount celebrated its 27th annual Community Day, the company's global day of service, which focuses on causes and issues that resonate with employees and audiences. This year's theme, Together for Good!, inspired over 7,300 employees to participate in more than 170 events in 43 markets across the globe, volunteering 18.6K hours of service.
The ESG report is guided by external ESG frameworks with reference to ESG and sustainability best practices, including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD). It also outlines the companys alignment with relevant United Nations Sustainable Development Goals (SDGs), including Gender Equality, Decent Work and Economic Growth, and Climate Action.
To learn more about Paramounts ESG efforts and to view the full 2023-2024 report, please visit https://www.paramount.com/sustainability.
PARA-IR
About Paramount
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming, and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramounts portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV. Paramount holds one of the industrys most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.
Press:
Allison McLarty
Senior Vice President, Corporate and Financial Communications
(323) 376-7903
allison.mclarty@paramount.com
Jessica Thurston
Vice President, Environmental, Social, and Governance (ESG) and Sustainability
(646) 532-9466
jessica.thurston@paramount.com
Read More
More Press
Most recent headlines
04/04/2025
SBS announces initiatives to provide all Australians with trusted news and infor...
04/04/2025
The National Film and Video Foundation (NFVF) invites final-year animation students to submit character designs inspired by lead characters from any South Afric...
04/04/2025
Artist rendering of a Nuclear Thermal Propulsion vehicle concept at Mars....
04/04/2025
Special Operations Command (SOCOM)'s OA-1K Skyraider II is based on L3Harris...
04/04/2025
Warsaw, Poland - March 24, 2025 - Nielsen, a global leader in audience measurement, data and analytics, has published its latest February All Screens Video Land...
04/04/2025
Open Broadcast Systems, a leader in software-based low-latency video encoding and decoding, has announced that Mobile TV Group has selected its encoders and dec...
04/04/2025
Amagi, a cloud-based SaaS technology solutions provider for broadcast and streaming TV providers, has announced the general availability of its latest generatio...
04/04/2025
Leading European tech developer Profuz Digital unveils the latest editions in its Profuz LAPIS media asset management system in time for the NAB Show which take...
04/04/2025
Cinedeck, pioneer in integrated delivery solutions for the media and entertainment industry, has launched the RX3, a compact, high-performance portable ingest s...
04/04/2025
Cinedeck, a pioneer in integrated delivery solutions for the media and entertainment industry, has announced the latest advancements to ConneX Hub, featuring a ...
04/04/2025
Global provider of video streaming software and services, Accedo, has announced that a new tool, Design Studio , has been added to its award-winning SaaS platfo...
04/04/2025
Disguise, the leading platform and solutions provider driving the next generation of visual experiences, has appointed Brian Allen as its Vice President of Crea...
04/04/2025
Verimatrix, (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced expanded collaboration with ...
04/04/2025
Atlanta DTH (ADTH) announces the release of Version 2.0 software for the ADTH NextGen TV Box. The update delivers significantly improved user experience and int...
04/04/2025
MASV (massive.io), the fastest and most reliable large file transfer platform, has partnered with Mimir, a video collaboration and production platform for profe...
04/04/2025
Sequel, a trailblazer in next-generation streaming solutions, today announced that it has expanded its team, which includes co-founders Aksel van der Wal and Ru...
04/04/2025
Peakto now available as a plugin for Adobe Premiere Pro, expands compatibility w...
04/04/2025
In a move that could help attract more viewers to NextGen TV, Atlanta DTH (ADTH), a provider of NextGen TV external devices, has released Version 2.0 software f...
04/04/2025
In our latest article on a piece of broadcasting history, Vizrts Russell Leak tells TVBEurope how his Dad created the motor used in a BBC 1 ident from the 1980s...
04/04/2025
The agency aims to bridge gaps in product strategy, development, and go-to-market programmes for media tech companies around the world
By Matthew Corrigan
Pu...
04/04/2025
Carole Pigeard, SVP of global sales at Moments Lab tells TVBEurope how diverse perspectives fuel evolution in the media and entertainment space
By Matthew Corr...
04/04/2025
An interoperable Optical Ground Station will provide a long-distance Quantum Key Distribution link between Asia and Europe to scale next-generation cybersecurit...
04/04/2025
LAS VEGAS The National Association of Broadcasters, Sinclair Broadcast Group and UrsaNav have announced that they will demonstrate a complementary system that c...
04/04/2025
LOS GATOS, Calif. After greatly expanding its global production and offering programming from around the world, Netflix is also making the viewing experience mo...
04/04/2025
PARAMUS, NJ Sony Electronics has announced its agenda for the 2025 NAB Show, April 6-9 in Las Vegas. With its Central Hall home in the LVCC under construction, ...
04/04/2025
FOOTHILL RANCH, Calif. RED Digital Cinema will be showcasing its latest innovations at the National Association of Broadcasters (NAB) Show in Las Vegas, April ...
04/04/2025
LAS VEGAS As broadcasters gather for the 2025 NAB Show, Pearl TV has outlined some of the industry's success in advancing the spread of NextGen TV aka ATSC ...
04/04/2025
SANTA FE, N.M. New Mexico PBS (NMPBS) has turned to Heartland Video Systems (HVS) and its ATSC 3.0 team to optimize the public broadcaster's existing ATSC 3...
04/04/2025
Vizrt releases its first dedicated NDI audio connection solution, Viz Connect Au...
04/04/2025
Cinedeck Introduces Compact and Portable Ingest Unit, RX3
Brie Clayton April 3, 2025
0 Comments
Cinedeck, pioneer in integrated delivery solutions for...
04/04/2025
Boston Conservatory at Berklee to Present Beloved Works and World Premieres at S...
04/04/2025
Telstra Helps Australia's National Rugby League Take Over Vegas To Start 202...
04/04/2025
NAB 2025 Preview, South Hall: Everything You Need To Know as You Head Into the S...
04/04/2025
Sky will debut Mountainhead, an exclusive film written, directed, and executive ...
04/04/2025
Back to All News
Rotten Legacy, Starring Jose Coronado, Premieres on Netflix May 26
Entertainment
04 April 2025
GlobalSpain
Link copied to clipboard
Downl...
04/04/2025
Appointments Reinforce Commitment to Customer-Centric Growth and Innovation
MONTREAL, CANADA - April 4, 2025 - Grass Valley, the media and entertainment indust...
04/04/2025
May and June see RT Concert Orchestra performances in Dublin, Offaly, Carlow an...
04/04/2025
The Late Late Show will pay special tribute to the life and sporting career of M...
04/04/2025
UNMISSABLE GAA CHAMPIONSHIP ACTION FREE TO AIR ACROSS ALL PLATFORMS
The Sunday ...
03/04/2025
(L-R) Ji-young Yoo, Pedro Pascal, and Jay Ellis at the Freaky Tales premiere. (Photo by George Pimentel/Shutterstock for Sundance Film Festival)
By Stephanie...
03/04/2025
Spotify Advertising hit a new high note today as we unveiled how we're makin...
03/04/2025
The next stage of Spotify Advertising has arrived. Today, during our Spotify Advance event in New York City, we unveiled a host of updates that make it easier f...
03/04/2025
Some of the biggest names in marketing, advertising, publishing, traditional and social media, and the creative worlds gathered yesterday at Chelsea Factory in ...
03/04/2025
In our latest blog, Laura Rognoni highlights key points from the webinar on hyper-personalization held on March 20th 2025, hosted by XroadMedia and featuring in...
03/04/2025
MONTREAL Two long-time competitors in the TV production market have announced a collaboration that allows integration of two of its platforms....
03/04/2025
When the history of digital television in the United States is written, the individuals involved will read like a who's who of broadcast technology. Many of...
03/04/2025
With the broadcast industry facing a number of major regulatory issues this year, the NAB has announced that two FCC commissioners, Nathan Simington and Anna M....
Paramount Press
