Month: September 2023

GRI was pleased to host its own event, Aligning Private Sector Disclosures with the Sustainable Development Agenda- Launch of Carrots & Sticks Report, during the UN General Assembly and Climate Week NYC. The event marked the official launch of the 2023 edition of Carrots & Sticks report and database, a free-to-use online database and document repository which comprises 2,463 policies in 132 countries, 76 international and regional organizations, in 38 languages, which range from 1897 to the present day. GRI was delighted by the high level of interest in the new resources and glad to welcome over 100 participants at the launch event.

GRI’s involvement during Climate Week was not limited to the launch event but extended throughout the week. GRI had the privilege of being present at several key moments, including the celebration of collaborators’ efforts such as the TNFD launch of its final recommendations on nature related issues at the New York Stock Exchange (NYSE). As a formal Knowledge Partner to the TNFD, GRI actively engaged with TNFD in the development of their recommendations and GRI celebrates this impactful accomplishment by the TNFD. The TNFD recommendations will be incorporated into aspects of the new revised GRI Biodiversity Standard that will be published within the next two quarters.

GRI North America’s Head of Engagement and Public Affairs, Matthew Rusk, spoke at Nasdaq Annual NY Climate Week conference 2023. The event’s session on Driving your Sustainability Program to Success with the Right Tools highlighted the need for cross-functional team involvement in the sustainability reporting process, the importance of internal controls and processes to gather credible, auditable information, and the helpful role software tools and solutions play in the reporting process. GRI continues to work with certified Software and Tools Partners, like Nasdaq, to embed the GRI Standards into tools that assist in impact materiality assessment, enable increased transparency and accountability, improve sustainability and ESG-related data management, meet regulatory and reporting obligations more easily, and build trust with stakeholders.

Multiple representatives from GRI North America and members of the GRI’s International Policy Team, remained present across a diverse array of events throughout the week, including the Nest Climate Campus, SDG Summit USA, Axios’The Climate for Corporate Impact, Climate Week NYC – We Can. We Will, UNGC Leaders Summit, 2023 Forbes Sustainability Leaders Summit, FP Food Forum @UNGA78, Sustainable Investment Forum, and World Biodiversity Summit. These events presented unique opportunities for GRI to engage with stakeholders of different backgrounds and constituencies, all dedicated to elevating organizations’ transparency, accountability, and actions to create a more sustainable and just society. The GRI North America team was pleased to incorporate a special focus on participating in a plethora of convenings addressing sustainability challenges within the food system, where GRI 13 Standard can be a powerful tool for identifying and reporting on agriculture, aquaculture, and fishing activities’ most important impacts on the economy, society, and environment.

With a growing presence in North America, GRI will continue to actively engage with stakeholders and partners in the region, not only during this important week that brings stakeholders from around the world together, but every week.

NEW YORK, September 28, 2023 /3BL/ – Paramount Global (NASDAQ: PARA, PARAA) today released its fourth annual Environmental, Social, and Governance (ESG) Report highlighting its progress on its goals and accomplishments within three key focus areas: On-Screen Content & Social Impact; Workforce & Culture; and Sustainable Production & Operations. 

“As the media industry continues to undergo rapid change, Paramount remains steadfast in our commitment to engage, represent, and champion issues that align with our values and resonate with our audiences,” said Crystal Barnes, Executive Vice President, Social Responsibility & ESG at Paramount. “While navigating complex global challenges, our obligation as an industry leader is to create compelling content that can help shape a more sustainable and inclusive world.” 

In addition to consistent year-over-year workforce and environmental impact data, this year’s report provides a more detailed overview of how the company engages with its internal and external stakeholders to better understand and address the ESG challenges and opportunities of greatest concern to these groups. 

Other notable aspects of the report include: 

On-Screen Content & Social Impact: As a global leader in the media industry, Paramount plays a role in influencing culture and conversations, with real-world impacts. Through its Content for Change initiative, Paramount uses the power of storytelling to transform how we see ourselves and one another, and to counteract bias, stereotypes, and hate in society. Since its initial launch in 2020, Content for Change has expanded to include more than 30 programs and initiatives, bringing the issues and stories that matter to individual communities to the forefront for audiences. Workforce & Culture: To be the best creators and storytellers, Paramount must reflect, celebrate, and elevate the diversity of the communities in which it works and the audiences they serve. The company remains dedicated to building a culture of meritocracy and inclusivity, where all employees feel welcomed and have the opportunities and resources to thrive. Paramount is proud to have a Board that is representative of diverse communities, with seven directors self-identifying as women, two as LGBTQ+, two as African American, and one as Hispanic or Latinx. Sustainable Production & Operations: Paramount continues to work to limit the environmental and social impacts associated with its business operations. Notably, in 2022, the company introduced Peak Sustainability, a comprehensive climate action strategy for Paramount UK, comprised of seven key climate action pledges that aim to address environmental impacts across ESG priorities. Peak Sustainability is part one of a longer-term vision for Paramount, serving as a catalyst for continued progress in developing and achieving company-wide, internal climate-related benchmarks and scaling Paramount’s climate strategy globally. 

The ESG report is guided by external ESG frameworks with reference to ESG and sustainability best practices, including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD). It also outlines the company’s alignment with relevant United Nations Sustainable Development Goals (SDGs), including Gender Equality, Decent Work and Economic Growth, and Climate Action. 

To learn more about Paramount’s ESG efforts and to view the full 2022-2023 report, please visit https://www.paramount.com/sustainability. 

PARA-IR 

About Paramount 
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount’s portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry’s most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions. 

For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms. 

Press: 
Allison McLarty 
Senior Vice President, Corporate and Financial Communications 
(630) 247-2332 
allison.mclarty@paramount.com 

Jessica Thurston 
Vice President, Environmental, Social, and Governance (ESG) and Sustainability 
(646) 532-9466 
jessica.thurston@paramount.com