Paramount Global
Paramount Global, formerly known as ViacomCBS, is a leading media and entertainment conglomerate headquartered in the United States. Established in 2021, the company has rapidly solidified its position in the industry, with significant operations across North America, Europe, and Asia. Paramount Global excels in film and television production, streaming services, and content distribution, offering a diverse portfolio that includes iconic brands such as Paramount Pictures, CBS, and Nickelodeon. The company is renowned for its innovative approach to storytelling and its commitment to delivering high-quality content across various platforms. With a strong market presence, Paramount Global has achieved notable milestones, including the successful launch of its streaming service, Paramount+, which has quickly gained traction in a competitive landscape. Through its unique blend of traditional and digital media, Paramount Global continues to shape the future of entertainment.
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 42 is higher than 97% 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 45,969,000 kg CO2e from Scope 1 emissions, 95,636,000 kg CO2e from Scope 2 emissions, and a significant 1,996,595,000 kg CO2e from Scope 3 emissions, which encompasses upstream and downstream activities. Over the years, Paramount Global has demonstrated a commitment to reducing its carbon footprint. The company has set long-term net-zero targets, aiming for a comprehensive reduction across all scopes by 2050, with a commitment initiated in 2023. This aligns with the Science Based Targets initiative (SBTi), which underscores their dedication to climate action. In terms of historical emissions, the company has seen fluctuations in its total emissions, with a peak of approximately 2,450,000,000 kg CO2e in 2020. However, the trend indicates a gradual reduction in emissions intensity relative to revenue, reflecting efforts to decouple growth from carbon output. Paramount Global's climate commitments and reduction strategies are crucial in the media sector, where emissions from operations and supply chains can be substantial. The company's proactive stance on sustainability positions it as a leader in addressing climate change within its industry.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 | 00,000,000 | 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.
