"Netflix Inc. has set a net zero target, which was validated by an independent third party and achieved ahead of its 2022 deadline. Net Zero Tracker The target covers Carbon dioxide and other GHGs, including scope 1, 2, and 3 emissions, but does not cover historical emissions. Net Zero Tracker By 2030, Netflix aims to reduce its scope 1 and 2 emissions by 46% and its scope 3 emissions intensity by 55%. Net Zero Tracker An interesting fact about Netflix's environmental policy is that it conducts additional screens for factors such as local community ownership, job creation, women and girls …"
Carbon emissions are estimated according to comparable years, intensity and sector
benchmarks
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
displayed.
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Materials.
Netflix Inc. belongs to the sector Communication Services.
Netflix Inc. is a member of the Business Ambition for 1.5 campaign (link here )
Netflix commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year. Netflix also commits to reduce scope 3 GHG emissions 55% per million USD of value added within the same timeframe.
Separate targets for emission reductions and removals
Yes
Conditions on use of offset credits
Other conditions
Avoid biodiversity harm
Avoid social harm
Must be high environmental integrity
Plans for carbon dioxide removal (CDR)
No
Additional notes: "Our 2023 carbon credit portfolio spans four continents, six countries, and 25+ on-the-ground partners. All of these credits are third-party verified for climate impact and issued by carbon standards with robust programmatic governance to ensure climate additionality and durability. Netflix performs extensive due diligence before including a project in our portfolio. We use a 28 to select high quality credits that demonstrate economic, community and biodiversity benefits in addition to their environmental benefits. Approximately 75% of our portfolio consists of nature-based projects for both their ecosystem benefits and ability to transition working lands to sustain nature while providing economic value for people, including indigenous people or those disproportionately affected by climate change" (Netflix Environmental Social Governance Report 2023, pg. 30).
Score Summary
Ref
Principle
Score
(points)
Max
(points)
Delta
(points)
1
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
10.0
10.0
0.0
2
Scope 3 emissions are fully reported and externally-verified
5.0
10.0
0.0
3
CDP score demonstrates the level of transparent disclosures
0.0
10.0
0.0
Transparency
15.0
30.0
0.0
4
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
10.0
10.0
0.0
5
Net Zero targets demonstrate a high-level of emergency
9.3
10.0
0.0
6
Emission reduction targets on a forward-looking basis are ambitious
NET 0 Tracker
