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 59 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 a significant contribution from Scope 3 emissions, which totalled around 1,996,595,000 kg CO2e. The Scope 3 emissions breakdown reveals major sources such as purchased goods and services (about 1,491,640,000 kg CO2e) and business travel (approximately 134,091,000 kg CO2e). Comparatively, in 2022, the total emissions were about 2,702,091,000 kg CO2e, indicating a reduction in emissions year-on-year. The company has set ambitious targets to further reduce its Scope 1 and 2 greenhouse gas emissions by 50% by 2028, as part of the Department of Energy's Better Climate Challenge. This commitment follows a history of significant emissions reductions over the past 15 years. Paramount Global is also committed to achieving net-zero emissions across all scopes by 2050, with interim targets established through the Science Based Targets initiative (SBTi). The company has been recognised for its leadership in implementing low-impact environmental practices, particularly at its Paramount Pictures Lot in Los Angeles. Overall, Paramount Global's climate commitments reflect a proactive approach to reducing its carbon footprint and addressing climate change within the media sector.
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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 | 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 participating in some of the initiatives that 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.
