Paramount Global
Paramount Global, formerly known as ViacomCBS, is a leading media and entertainment conglomerate headquartered in the United States. Founded in 1912, the company has evolved significantly, marking key milestones such as the merger of CBS Corporation and Viacom in 2019. Paramount Global operates across various regions, with a strong presence in North America, Europe, and Asia. The company excels in film and television production, streaming services, and content distribution, with notable brands including Paramount Pictures, CBS, and Nickelodeon. Its unique offerings, such as the Paramount+ streaming platform, cater to diverse audiences, providing a rich library of original content and beloved classics. With a robust market position, Paramount Global continues to achieve significant milestones, solidifying its status as a powerhouse in the global entertainment industry.
DitchCarbon Score
How does Paramount Global's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Media Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Paramount Global's score of 47 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Paramount Global's reported carbon emissions
In 2023, Paramount Global reported total carbon emissions of approximately 2,138,200,000 kg CO2e. This figure includes Scope 1 emissions of about 45,969,000 kg CO2e, Scope 2 emissions of approximately 95,636,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 1,996,595,000 kg CO2e. Over the years, Paramount Global has demonstrated a commitment to reducing its carbon footprint. The company has set long-term net-zero targets through the Science Based Targets initiative (SBTi), aiming for net-zero emissions across all scopes by 2050. This commitment was formalised in 2021, with the company actively working towards these goals since 2023. In previous years, emissions have fluctuated, with total emissions recorded at approximately 2,702,091,000 kg CO2e in 2022, 2,040,564,000 kg CO2e in 2021, and 2,455,234,000 kg CO2e in 2020. The company has acknowledged the importance of addressing its environmental impact and is taking steps to align its operations with global climate goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,297,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0.00 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 37,114,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 28,499,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Paramount Global is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
