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.
+11 vs industry average
Paramount Global’s score of 40 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Media Production has below-average carbon intensity
Industry performance
The Media Production industry has reduced its overall emissions by 27% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Paramount Global's reported carbon emissions
In 2023, Paramount Global reported total carbon emissions of approximately 2.14 billion kg CO2e. This figure includes Scope 1 emissions of about 45.97 million kg CO2e, Scope 2 emissions of approximately 95.64 million kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1.99 billion kg CO2e. The Scope 3 emissions breakdown includes major categories such as purchased goods and services (approximately 1.49 billion kg CO2e) and business travel (about 134.09 million kg CO2e). Paramount Global has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 50.1% by 2030 from a 2019 baseline. This commitment is part of the Department of Energy's Better Climate Challenge. Additionally, the company has pledged that by 2028, 67% of its suppliers, covering emissions from purchased goods and services, capital goods, and business travel, will have science-based targets. The company is also committed to achieving net-zero emissions across all scopes by 2050, aligning with the Science Based Targets initiative (SBTi). These targets reflect Paramount Global's ongoing efforts to enhance sustainability and reduce its environmental impact within the media sector.
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Paramount Global’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Paramount Global yet.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Paramount Global
Frequently asked questions
Common questions about Paramount Global’s sustainability data and climate commitments
Data year: 2023
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