Paramount Global

Paramount Global, a US-headquartered company in the Printed matter and recorded media industry, reported total emissions of approximately 2.14 billion kg CO2e in 2023. This included about 45.97 million kg CO2e from Scope 1 emissions, 95.64 million kg CO2e from Scope 2 market-based emissions, and approximately 1.99 billion kg CO2e from Scope 3 emissions.

In previous years, Paramount Global's total emissions were approximately 2.70 billion kg CO2e in 2022, 2.04 billion kg CO2e in 2021, and 2.46 billion kg CO2e in 2020. The company has demonstrated a general downward trend in overall emissions from 2022 to 2023.

Paramount Global has set several climate commitments. The company pledges to further reduce its Scope 1 and Scope 2 GHG emissions by an additional 50% by 2028 from a 2019 base year, as part of the Department of Energy's Better Climate Challenge. This commitment specifically applies to the Paramount Pictures Lot in Los Angeles.

Additionally, Paramount Global has Science Based Targets initiative (SBTi) commitments. They aim to reduce absolute Scope 1 GHG emissions by 50.1% by 2030 from a 2019 base year. Similarly, they commit to reducing absolute Scope 2 GHG emissions by 50.1% by 2030 from a 2019 base year. The company also commits that 67% of its suppliers, by emissions covering purchased goods and services, capital goods, and business travel, will have science-based targets by 2028. While Paramount Global previously committed to net-zero, this commitment has since been removed. Their near-term targets are classified as consistent with keeping warming to 1.5°C.