Paramount Releases 2021-2022 Environmental, Social, and Governance (ESG) Report

NEW YORK, Sept. 9, 2022 /PRNewswire/ — Paramount Global (NASDAQ: PARA, PARAA) right this moment launched its third annual Environmental, Social, and Governance (ESG) Report with the aim of advancing the corporate’s ESG technique and highlighting its progress on its objectives in three focus areas: On-Screen Content & Social Impact; Workforce & Culture; and Sustainable Production & Operations.

“From escalating public well being and local weather crises to deepening social division and geopolitical battle, the previous couple of years have proven us how important our give attention to ESG is as our society and enterprise proceed to navigate advanced international challenges,” stated Crystal Barnes, SVP of Corporate Social Responsibility and ESG at Paramount. “Our actions at Paramount assist form tradition and dialog, with real-world impacts—and we’re extra dedicated than ever to our responsibility and alternative to ship accountable, informative, and culturally highly effective content material that may assist form a extra sustainable and inclusive world.”

In addition to up to date workforce and environmental affect information, this yr’s report provides a extra detailed overview of the corporate’s ESG governance practices, together with Paramount’s ESG Council governance construction. Additionally, as the corporate continues to give attention to advancing range and inclusion in entrance and behind the digital camera, it consists of an replace on its overarching efforts to advance this work by way of the corporate’s international, cross-brand initiative, Content for Change.

Other notable elements of the report embrace:

  • Diverse and Inclusive Stories and Storytellers: Over the years, Paramount and its manufacturers have led the way in which in telling and amplifying the tales of underrepresented audiences. Most lately, that dedication has been exemplified by CBS-NAACP Ventures—a partnership first introduced in 2020—which offered its first 5 initiatives in January of 2022, together with a reboot of the ­­Nine, and a brand new movie in regards to the pathbreaking constructing magnate Cheryl McKissack. Additionally, on-screen content material and social affect objectives have been set for a variety of Paramount manufacturers for 2022 and many have already demonstrated nice progress, together with Showtime Networks, which in 2022 had 60% of its scripted sequence with BIPOC leads or co-leads, in addition to 56% of its initiatives in improvement from BIPOC creators; CBS Television Network surpassed its aim with 43 % BIPOC illustration in writers’ rooms in 2021-2022; and beginning in 2022, Paramount’s International Studios devoted 25% of its improvement funds throughout its worldwide footprint to tales targeted on or associated to underrepresented teams and points.
  • Corporate Governance and Workforce: Corporate governance is essential to the success of Paramount’s enterprise and, with a Board of Directors comprised of seven girls out of 12 members (one of many highest percentages amongst S&P 500 corporations), Paramount is dedicated to persevering with to be a pacesetter on this area. Notably, in 2021, Paramount’s inner promotion charge for ladies on the SVP stage reached 56% and its exterior rent charge for ladies on the SVP stage and above reached 53% globally. Additionally, within the U.S., the inner promotion charge for ethnically various VPs was 30% and the exterior rent charge for ethnically various VPs and above was 51%.
  • Sustainable Production and Operations: Paramount continues to work to restrict the environmental and social impacts related to its enterprise operations. For instance, 15.4% of its international electrical energy consumption is renewable, up from 13.6% in 2020. Paramount additionally helps a centralized meals restoration program to assist route additional meals from productions and occasions to native meals banks. Reducing and diverting waste generated by Paramount productions and occasions not solely saves sources however reduces GHG emissions related to the manufacturing and disposal of supplies. In 2021, 51% of waste from Paramount Television Studios and Motion Picture Group productions was diverted from landfill; for instance, the Long Slow Exhale manufacturing diverted 134 tons of waste from the landfill by recycling and utilizing rented or reused set supplies wherever potential.

The ESG report is guided by exterior ESG frameworks in alignment with ESG and sustainability finest practices, together with the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD). It additionally outlines the corporate’s alignment with related United Nations Sustainable Development Goals (SDGs), together with Gender Equality, Decent Work and Economic Growth, and Climate Action.

To be taught extra about Paramount’s ESG efforts and to view the total 2021-2022 report, please go to


Paramount Global (NASDAQ: PARA, PARAA) is a number one international media and leisure firm that creates premium content material and experiences for audiences worldwide. Driven by iconic studios, networks and streaming providers, Paramount’s portfolio of client manufacturers consists of CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, amongst others. Paramount delivers the biggest share of the U.S. tv viewers and boasts one of many business’s most vital and in depth libraries of TV and movie titles. In addition to providing revolutionary streaming providers and digital video merchandise, the corporate supplies highly effective capabilities in manufacturing, distribution, and promoting options.

For extra details about Paramount, please go to and observe @Paramount on social platforms.


SOURCE Paramount Global

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