STOCK TITAN

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

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Positive)
Tags

Paramount Global (NASDAQ:PARA, PARAA) has released its fifth annual Environmental, Social, and Governance (ESG) Report, highlighting efforts in three key areas: On-Screen Content & Social Impact, Workforce & Culture, and Sustainable Production & Operations. The report showcases Paramount's progress in social impact and sustainability, particularly during Super Bowl LVIII in February 2024.

Notable achievements include:

  • Advancing the Peak Sustainability initiative, a comprehensive climate action strategy for Paramount UK
  • Reducing Scope 1 and 2 GHG emissions at the Paramount Pictures Lot in Los Angeles by 46%, nearing their 50% reduction goal by 2028
  • Celebrating the 27th annual Community Day, with over 7,300 employees participating in more than 170 events across 43 markets, volunteering 18.6K hours

The report aligns with external ESG frameworks and outlines the company's commitment to relevant United Nations Sustainable Development Goals.

Paramount Global (NASDAQ:PARA, PARAA) ha pubblicato il suo quinto Rapporto Annuale su Ambiente, Sociale e Governance (ESG), evidenziando gli sforzi in tre aree chiave: Contenuti sullo Schermo e Impatto Sociale, Forza Lavoro e Cultura, e Produzione e Operazioni Sostenibili. Il rapporto mostra i progressi di Paramount in termini di impatto sociale e sostenibilità, in particolare durante il Super Bowl LVIII nel febbraio 2024.

Tra i risultati notevoli ci sono:

  • Promozione dell'iniziativa Peak Sustainability, una strategia globale di azione climatica per Paramount UK
  • Riduzione delle emissioni di gas serra Scope 1 e 2 presso il Paramount Pictures Lot a Los Angeles del 46%, avvicinandosi al loro obiettivo di riduzione del 50% entro il 2028
  • Celebrazione della 27ª Giornata Comunitaria, con oltre 7.300 dipendenti che partecipano a più di 170 eventi in 43 mercati, con un totale di 18.6K ore di volontariato

Il rapporto è conforme ai framework ESG esterni e delinea l'impegno dell'azienda verso i pertinenti Obiettivi di Sviluppo Sostenibile delle Nazioni Unite.

Paramount Global (NASDAQ:PARA, PARAA) ha lanzado su quinto Informe Anual sobre Medio Ambiente, Social y Gobernanza (ESG), destacando los esfuerzos en tres áreas clave: Contenido en Pantalla e Impacto Social, Fuerza Laboral y Cultura, y Producción y Operaciones Sostenibles. El informe muestra los avances de Paramount en impacto social y sostenibilidad, especialmente durante el Super Bowl LVIII en febrero de 2024.

Los logros notables incluyen:

  • Avance de la iniciativa Peak Sustainability, una estrategia integral de acción climática para Paramount UK
  • Reducción de las emisiones de gases de efecto invernadero de Alcance 1 y 2 en el Paramount Pictures Lot en Los Ángeles en un 46%, acercándose a su objetivo de reducción del 50% para 2028
  • Celebración del 27º Día Comunitario, con más de 7,300 empleados participando en más de 170 eventos en 43 mercados, con 18.6K horas de voluntariado

El informe se alinea con marcos ESG externos y describe el compromiso de la empresa con los relevantes Objetivos de Desarrollo Sostenible de las Naciones Unidas.

파라마운트 글로벌(나스닥: PARA, PARAA)은 다섯 번째 환경, 사회, 그리고 거버넌스(ESG) 보고서를 발표하며, 세 가지 주요 분야에서의 노력을 강조하였습니다: 화면 콘텐츠 및 사회적 영향, 인력 및 문화, 지속 가능한 생산 및 운영. 이 보고서는 2024년 2월 슈퍼볼 LVIII 동안 파라마운트의 사회적 영향력과 지속 가능성의 진전을 보여줍니다.

주요 성과로는:

  • 파라마운트 UK를 위한 포괄적인 기후 행동 전략인 Peak Sustainability 이니셔티브의 진전
  • 로스앤젤레스의 파라마운트 픽쳐스 롯트에서 범위 1 및 2 온실가스 배출량을 46% 줄여 2028년까지 50% 감축 목표에 가까워짐
  • 27번째 연례 커뮤니티 데이를 기념하며, 7,300명 이상의 직원들이 43개 시장에서 170개 이상의 행사에 참여하여 18.6K 시간의 자원봉사

이 보고서는 외부 ESG 프레임워크에 부합하며, 관련된 유엔 지속 가능한 개발 목표에 대한 회사의 약속을 설명합니다.

Paramount Global (NASDAQ:PARA, PARAA) a publié son cinquième Rapport Annuel sur l’Environnement, le Social et la Gouvernance (ESG), soulignant les efforts dans trois domaines clés : Contenus à l’Écran & Impact Social, Main-d'œuvre & Culture, et Production & Opérations Durables. Le rapport présente les progrès de Paramount en matière d'impact social et de durabilité, en particulier lors du Super Bowl LVIII en février 2024.

Parmi les réalisations notables, on trouve :

  • Avancement de l'initiative Peak Sustainability, une stratégie d'action climatique globale pour Paramount UK
  • Réduction des émissions de GES de portée 1 et 2 sur le site de Paramount Pictures à Los Angeles de 46 %, se rapprochant de leur objectif de réduction de 50 % d'ici 2028
  • Célébration de la 27e Journée Communautaire, avec plus de 7 300 employés participant à plus de 170 événements dans 43 marchés, consacrant 18.6K heures au bénévolat

Le rapport est aligné sur des cadres ESG externes et expose l'engagement de l'entreprise envers les Objectifs de Développement Durable pertinents des Nations Unies.

Paramount Global (NASDAQ:PARA, PARAA) hat seinen fünften Jahresbericht über Umwelt, Soziales und Unternehmensführung (ESG) veröffentlicht, der die Bemühungen in drei Schlüsselbereichen hervorhebt: Bildschirm-Inhalte & soziale Auswirkungen, Belegschaft & Kultur sowie nachhaltige Produktion & Betrieb. Der Bericht zeigt die Fortschritte von Paramount in Bezug auf soziale Auswirkungen und Nachhaltigkeit, insbesondere während des Super Bowl LVIII im Februar 2024.

Bemerkenswerte Erfolge umfassen:

  • Fortschritte bei der Peak Sustainability-Initiative, einer umfassenden Klimaschutzstrategie für Paramount UK
  • Reduzierung der Treibhausgasemissionen der Kategorien 1 und 2 am Paramount Pictures Lot in Los Angeles um 46%, was dem Ziel einer 50%igen Reduktion bis 2028 näher kommt
  • Feier des 27. jährlichen Community Days, an dem über 7.300 Mitarbeiter an mehr als 170 Veranstaltungen in 43 Märkten teilnahmen und 18.6K Stunden ehrenamtlich arbeiteten

Der Bericht entspricht externen ESG-Rahmenbedingungen und skizziert das Engagement des Unternehmens für die relevanten Ziele für nachhaltige Entwicklung der Vereinten Nationen.

Positive
  • None.
Negative
  • None.

NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Paramount Global (NASDAQ:PARA, PARAA) 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 year's 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 company's alignment with relevant United Nations Sustainable Development Goals (SDGs), including Gender Equality, Decent Work and Economic Growth, and Climate Action.

To learn more about Paramount's 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, Paramount's portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry's 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

View additional multimedia and more ESG storytelling from Paramount on 3blmedia.com.

Contact Info:
Spokesperson: Paramount
Website: https://www.3blmedia.com/profiles/paramount
Email: info@3blmedia.com

SOURCE: Paramount



View the original press release on accesswire.com

FAQ

What are the key focus areas in Paramount's 2023-2024 ESG Report?

Paramount's 2023-2024 ESG Report focuses on three key areas: On-Screen Content & Social Impact, Workforce & Culture, and Sustainable Production & Operations.

How did Paramount (PARA) demonstrate its social and environmental efforts during Super Bowl LVIII?

During Super Bowl LVIII in February 2024, Paramount showcased content aligned with its Content for Change initiative and managed the event's environmental impacts through its sustainability priorities.

What is Paramount's Peak Sustainability initiative?

Peak Sustainability is a comprehensive climate action strategy for Paramount UK, consisting of seven key climate action pledges aimed at addressing environmental impacts across the group's ESG priorities.

What progress has Paramount (PARA) made in reducing GHG emissions at its Los Angeles lot?

As of 2023, the Paramount Pictures Lot in Los Angeles has reduced its Scope 1 and 2 emissions by 46%, which is 4% away from meeting its goal of a 50% reduction by 2028.

How many employees participated in Paramount's 2023 Community Day?

Over 7,300 Paramount employees participated in more than 170 events across 43 markets during the 2023 Community Day, volunteering a total of 18.6K hours of service.

Paramount Global Class B

NASDAQ:PARA

PARA Rankings

PARA Latest News

PARA Stock Data

7.08B
600.74M
5.55%
77.61%
8.57%
Entertainment
Television Broadcasting Stations
Link
United States of America
NEW YORK