ViacomCBS Releases First Environmental, Social and Governance (ESG) Report
The report, released nearly one year after the merger of Viacom and
“ViacomCBS is focused on how we use the power of our platforms as content creators to meaningfully impact the issues that matter to our employees, audiences, partners, communities and investors," said
The ESG report expands on ViacomCBS’ first materiality assessment, published earlier this year, and is guided by external ESG frameworks, including the Global Reporting Initiative,
Among the priority areas addressed in this report, actions by
Responding to COVID-19:
$100 millionto those impacted by the COVID-19 pandemic, including support for non-staff employees on ViacomCBSproductions and other entertainment industry workers through third-party organizations and relief funds.
- Worked to keep employees and the public safe and at home during the pandemic by leveraging ViacomCBS brands and on-air talent to amplify official health guidance through the #AloneTogether campaign, which consisted of 174,000 television spots, social media posts and other content across company platforms.
On-screen Content and Social Impact:
- Responded to nationwide protests over victims of racial violence and police killings by donating an additional
$5 millionto social justice and criminal justice reform organizations, participating in the industry-wide “Blackout Tuesday” day of reflection on June 2and honoring the death of George Floydby going dark for eight minutes and 46 seconds on ten networks. The monetary donations build on the company’s standing contributions each year to a range of community organizations.
- Set several new goals to increase diversity behind the camera, including at least 40% representation of Black, Indigenous and People of Color (BIPOC) in the writers’ rooms of
CBSand Showtime Network shows during the 2021-22 programming season.
Workforce and Culture:
- Expanded company-wide efforts to strengthen ViacomCBS’ diversity and inclusion, including through its commitment to publicly disclose the diversity data of its workforce.
- Continued to hold its annual Global Inclusion Week, an expansive multi-day experience featuring speakers, immersive sessions and interactive workshops designed to raise awareness and foster conversation about diversity and inclusion, and inspire a sense of engagement and belonging across the company.
Sustainable Production and Operations:
- Committed to reducing its greenhouse gas (GHG) emissions in line with the requirements of the Paris Agreement, continuing a declining trend that saw GHG emissions at legacy Viacom drop by 20% from 2014-2018.
- Increased the number of productions following the Green Production Guide to minimize the environmental impact of filming and derived 10% of the company’s global energy use from renewable sources.
“Whether we’re amplifying diverse voices, championing inclusion and equity in the workplace or crafting a new, more sustainable path for our productions,
To learn more about ViacomCBS’ ESG efforts and to view the full report, please visit https://www.viacomcbs.com/sustainability.
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