Paramount Global

Paramount Global, headquartered in the US and operating in the printed matter and recorded media industry, reported total greenhouse gas emissions of approximately 2.14 billion kg CO2e in 2023. This includes Scope 1 emissions of approximately 45.97 million kg CO2e, market-based Scope 2 emissions of about 95.64 million kg CO2e, and Scope 3 emissions of roughly 1.99 billion kg CO2e. Key categories within Scope 3 emissions for 2023 were purchased goods and services (approximately 1.49 billion kg CO2e), capital goods (around 224.18 million kg CO2e), and business travel (about 134.09 million kg CO2e).

Looking back, Paramount Global's total emissions were approximately 2.70 billion kg CO2e in 2022 and about 2.04 billion kg CO2e in 2021.

Paramount Global has committed to several climate initiatives, including Science Based Targets initiative (SBTi) approved targets. The company aims to reduce absolute Scope 1 and Scope 2 GHG emissions by 50.1% by 2030, using a 2019 base year. This target is classified as consistent with reductions required to keep warming to 1.5°C. Furthermore, Paramount Global 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.

The company has also pledged to further reduce its Scope 1 and 2 GHG emissions by an additional 50% by 2028, as part of the Department of Energy’s Better Climate Challenge, with a 2019 base year. This initiative highlights the studio's efforts to build upon significant emissions reductions achieved over the past 15 years.