Sony Pixel Power calrec Sony

Paramount Releases 2023-2024 Environmental, Social, and Governance (ESG) Report

08/11/2024

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
LINK: /press/paramount-releases-2023-2024-environmental-social-and-governanc...
See more stories from cbs

North America Stories

19/05/2026

METEO CONSULT and La Chaine Meteo Select Actus Digital fo...

Actus Digital, a LiveU company, and a leading provider of intelligent media monitoring and broadcast compliance platforms, announced today that METEO CONSULT ha...

19/05/2026

Transforming Broadcast Operations - Globecast Unveils Sta...

Globecast, a leading provider of managed services for the broadcast and media industry, today announced the completion of a major renovation of its Singapore fa...

19/05/2026

Calrec Console Switch Helps Ross Production Services Fle...

Following a major upgrade to its Connecticut remote production centre with the installation of three 60-fader Argo S consoles in 2023, RPS has switched one of t...

19/05/2026

PlayBox Technology Launches a Modular Media Orchestration...

PlayBox Technology today announced the launch of Celebro Play, a browser-based media orchestration platform designed specifically for broadcast facilities and p...

19/05/2026

Publicis Groupe to Buy LiveRamp for $2.2 Billion

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

Tubi Launches 2026 FIFA World Cup Fox Hub

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

Viamedia Introduces a New Geographic Intelligence Layer

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

NFL Pushes Back Against Shift of Games to Streaming

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

LYNX Technik Brings SDI IP Integration and High-Density F...

LYNX Technik, provider of modular signal processing solutions for broadcast, post, and professional AV will showcase its latest signal processing solutions at B...

19/05/2026

Media Links Integrates Xscend IP Transport Platform with...

Media Links, a leading developer and manufacturer of IP media transport solutions, has announced the integration of its Xscend platform with Skyline Communicat...

19/05/2026

Media Links Expands in Southeast Asia with Clearcast Asia...

Collaboration expands regional partner ecosystem as Media Links showcases IP media transport solutions on stand 4M4-4 and alongside Clearcast Asia on stand Me...

19/05/2026

LynTec to Deliver Scalable Power Distribution and Integra...

Company Highlights Labor-Saving Control and Custom Branding Opportunities Designed to Increase Integrator Profitability LynTec, a leading manufacturer of ele...

19/05/2026

Mago Studio Moves AI Video Beyond Prompts with New Production-Focused Tools

Mago Studio Moves AI Video Beyond Prompts with New Production-Focused Tools Brie Clayton May 18, 2026 0 Comments New Capabilities Bring Controllable, ...

19/05/2026

It May be Time to Stop and Take an AI Breather

It May be Time to Stop and Take an AI Breather Brie Clayton May 19, 2026 0 Comments If the rock you stay on starts to roll, jump clean. Or you'll...

18/05/2026

For PPI, New Patents and ProCrewz App Development Portend Positive Outlook for 2026

Despite a bumpy start to the year, the provider of event-production support and ...

18/05/2026

Daktronics to Install 11 LED Displays at UNCs Kenan Stadium in 2026

Daktronics has partnered with the University of North Carolina to manufacture and install 11 LED displays totaling more than 10,000 square feet and more than 14...

18/05/2026

CBS LA and Los Angeles Rams Announce Multi-Year Local Television Partnership

CBS LA has announced a multi-year partnership with the Los Angeles Rams, covering exclusive local broadcasts of Rams preseason games, weekly year-round programm...

18/05/2026

Skyline Communications Integrates DataMiner xOps with AWS Elemental MediaConnect Router

Skyline Communications has announced an integration between its DataMiner xOps p...

18/05/2026

eCLUTCH Expands International Distribution and Content Partnerships

eCLUTCH, the hybrid esports platform powered by iKOMG, has announced an expansion of its distribution across Europe, MENA, Africa, and Asia, along with new cont...

18/05/2026

Behind The Mic: Yankees Legends Reunite to Call Game Against Red Sox with Kevin Burkhardt

Behind The Mic provides a roundup of recent news regarding on-air talent, includ...

18/05/2026

NBC Sports Brings the WNBA Back Home After 23 Years Away

With 22 games this season, the production team looks forward to tweaking and enhancing the coverage After 8,660 days off the air, the WNBA returned to NBC yest...

18/05/2026

A Morbid Weight Loss Trick Triggers an Insatiable Ghost in Saccharine

(L-R) Midori Francis and Natalie Erika James attend the Saccharine premiere during the 2026 Sundance Film Festival at The Ray Theatre on January 22, 2026, in ...

18/05/2026

L3Harris Delivers Life-Saving Robotic Systems to Keep Australian Defence Personnel Out of Harm's Way

The Australian Defence Force uses L3Harris T4 and T7 robots for explosive ordnan...

18/05/2026

CVP strengthens commitment to the DACH broadcast market w...

Continued investment across Europe and Germany is expanding local teams and improving access to stock, regional expertise, and specialist broadcast support. CV...

18/05/2026

NVIDIA CEO Jensen Huang at Dell Technologies World: Demand Is Going Parabolic, Utterly Parabolic'

Agentic AI inference at one-tenth the cost per token with NVIDIA Vera Rubin NVL7...

17/05/2026

'Oasis' Premieres on Netflix June 19

Back to All News Oasis Premieres on Netflix June 19 Entertainment 17 May 2026 GlobalSpain Link copied to clipboard Summer, sunshine, the beach, parties. T...

16/05/2026

Boris FX Continuum Pairs AI Precision and Advanced Creative Controls

Boris FX Continuum Pairs AI Precision and Advanced Creative Controls Jessie Electa Petrov May 16, 2026 0 Comments The 2026.5 release adds automatic de...

16/05/2026

Spectrum TV Adds Free Access to Discovery+

Share Copy link Facebook X Linkedin Bluesky Email...

16/05/2026

Tower Family Foundation Passes $3.5 Million Milestone

Share Copy link Facebook X Linkedin Bluesky Email...

16/05/2026

AIMS to Offer IPMX Education at InfoComm 2026

Share Copy link Facebook X Linkedin Bluesky Email...

16/05/2026

Rise AV Launches Second Year of UK Elevate Program

Share Copy link Facebook X Linkedin Bluesky Email...

15/05/2026

Seattle Sounders FC and Reign FC Announce Seattle Soccer Celebration at Waterfront Park

Seattle Sounders FC and Seattle Reign FC, in partnership with RAVE Foundation an...

15/05/2026

How Sound Designer Dan Brumm Built Blueys Audio World with Sennheiser and Neumann

Dan Brumm has served as sound designer on Bluey, the Australian children's t...

15/05/2026

Applications Close May 31 for Mark Brunner Professional Audio Scholarship

The Professional Audio Manufacturers Alliance (PAMA) and Shure Incorporated are accepting applications for the 6th annual Mark Brunner Professional Audio Schola...

15/05/2026

Netflix Expands NFL Coverage With Additional Games Starting in 2026

Netflix has announced an expanded NFL schedule for 2026 and beyond under a four-year partnership extension with the NFL through the 2029-30 season. Each season,...

15/05/2026

Ateme Supports TVRIs SRT-Based Live Sports Contribution and Distribution Workflow

Ateme is supporting TVRI (Televisi Republik Indonesia) with a contribution and d...

15/05/2026

Concacaf Launches New Website and Mobile App Powered by Deltatre

Concacaf has announced the launch of a new website and mobile app built on Deltatre's FORGE platform. Concacaf.com and the mobile app, available on iOS and ...

15/05/2026

Qatar Media Corporation Launches QBC Business Channel in 4K via Eutelsat

Eutelsat has announced the launch of QBC Business Economic Channel by Qatar Media Corporation, broadcasting in 4K/UHD via Eutelsat's 7/8 West video neighbo...

15/05/2026

Amazon to Serve as Exclusive Launch Home of MLS Original Series Cup Dreams on May 14

Major League Soccer has announced four original content series timed to the 2026...

15/05/2026

AIMS to Focus on IPMX Education at InfoComm 2026

The Alliance for IP Media Solutions (AIMS) has announced it will exhibit and present at InfoComm 2026, taking place June 13-19 at the Las Vegas Convention Cente...

15/05/2026

InfoComm 2026To Feature Sports, Broadcast, and Live Event Technologies

InfoComm 2026 will take place June 13-19 (exhibits June 17-19) at the Las Vegas Convention Center. The show will include sessions and exhibits covering broadcas...

15/05/2026

Tracy McGradys Ones Basketball League Signs First Streaming Agreement with Fubo Sports Network

Tracy McGrady's Ones Basketball League (OBL) and FuboTV Inc. have announced ...

15/05/2026

Disguise and Creative Technology Return for Eighth Year at Eurovision Song Contest 2026

Disguise has partnered with Creative Technology (CT) to deliver visual playback ...

15/05/2026

Sony Announces Alpha 7R VI Camera and FE 100-400mm F4.5 GM OSS Lens

Sony Electronics has announced two new products for professional imaging: the Alpha 7R VI full-frame mirrorless camera and the FE 100-400mm F4.5 GM OSS super-te...

15/05/2026

SVG GameDay, Ep. 15: New Jersey Devils Joe Kuchie - Growing the Game in the Garden State

In-venue and creative video staffers at the professional and collegiate level ha...

15/05/2026

Ratings Roundup: ESPN Secures Top Viewed Second Round Game 4 of Stanley Cup on Cable; NBA Draft Lottery Viewership Up 23%

Ratings Roundup is a rundown of recent rating news and is derived from press rel...

15/05/2026

The Future of Sports Analytics: Building Trust and Intelligence With SmerSports and Cisco

For sports organizations, the most valuable assets are often the most sensitive:...

15/05/2026

NFL Broadcast Schedule Roundup: Breaking Down CBS, ESPN, FOX, NBC, Netflix, and Prime Lineups

The NFL's broadcast partners released their 2026 regular season schedules ye...

15/05/2026

Netflix Steps Into the Cage for First MMA Production With Rousey-Carano Showdown at Intuit Dome

Besides drawing on experience with boxing, the production integrates specialty c...