Climate Change Data

Environmental Metrics

ESG Focus Areas

• Family Entertainment
• Inspiring Kids and Communities
• Nature Conservation
• Environment
• Community
• Disney Workplaces
• Supply Chain
• Human Rights

Environmental Achievements

• Surpassed waste reduction target ahead of schedule and on track to meet all environmental targets, including those on direct and indirect greenhouse gas emissions. Established new companywide targets for product footprint and water use.
• Officially launched the internal Climate Solutions Fund, establishing an annual price on greenhouse gas emissions for business units. Invested $15.5 million in offset projects globally.
• Developed an integrated ecosystems approach to new construction incorporating an ecosystem services assessment and sustainable design evaluation.

Social Achievements

• Disney Friends for Change reached 3 million pledges for environmental actions, funding over $2 million for conservation and community projects in 19 countries.
• Disney Magic of Healthy Living launched with PSAs featuring Michelle Obama and Disney Channel stars, funding $1 million for play spaces and community gardens.
• Disney Parks & Resorts’ “Give a Day, Get a Disney Day” campaign inspired 1 million people to volunteer.
• Launched a global employee engagement survey with over 82,000 respondents.
• Began or completed construction on three new childcare facilities.

Governance Achievements

• Released a human rights policy statement.
• Maintained a dedicated staff of Standards professionals who review all kids programming before airing, including commercial content.

Climate Goals & Targets

Environmental Challenges

• The diversity and scope of Disney’s operations present a challenge to create a uniform global environmental strategy.
• Implementing standards for the purpose of promoting continuous improvement in working conditions around the world.
• Systemic national and global problems such as limited civic infrastructure, weak law enforcement, inadequate labor laws, lack of economic development and corruption make improvements in individual facilities difficult.
• Consumer preferences for low-cost products and company buying decisions related to price, quality and delivery can negatively impact working conditions.

Mitigation Strategies

• Established an Environmental Council comprised of Disney business unit leaders to establish and evaluate long-term environmental goals and medium-term targets.
• Developed an integrated vendor scorecard to assess existing vendors on labor and environmental performance.
• Working with Social Accountability International to develop a system for evaluating licensees’ knowledge and capabilities around labor standards.
• Collaborated with industry colleagues to develop and disseminate a labor standards survey to better understand expectations of licensors and licensees.

Supply Chain Management

Supplier Audits: Approximately 4,700 audit reports reviewed in 2010.

Responsible Procurement

• Code of Conduct for Manufacturers
• Integrated vendor scorecard for Theme Parks & Resorts Merchandise sourcing groups

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G3 guidelines

Awards & Recognition

• Fortune World’s Most Admired Companies (#19 Overall, #1 in Product Quality, #4 in Corporate Social Responsibility, #1 among Entertainment companies)
• Working Mother Magazine Best Green Companies for America’s Children
• Human Rights Campaign Corporate Equality Index (100% Rating)
• DiversityInc Top 50 Companies for Diversity (#33)
• Fast Company The World’s Most Innovative Companies (#20)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Responsible Supply Chain

Environmental Achievements

• Reduced net emissions from 1.364 million metric tons CO2e in 2013 to 1.14 million metric tons CO2e in 2015
• Increased percentage of waste diverted from landfill and incineration to 49% in Q4 of FY14

Social Achievements

• Increased corporate giving to $95.5 million in cash and $157.7 million in product donations in 2015
• Over 600,000 VoluntEARS hours in 2015
• Increased total direct spend with minority and women-owned business enterprises to $513.7 million in 2015

Governance Achievements

• Improved supply chain visibility and remediation of identified issues (child labor, involuntary labor, etc.)

Climate Goals & Targets

Environmental Challenges

• Supply chain complexities and fluctuations in active facilities
• Data aggregation and reporting challenges due to new data platform

Mitigation Strategies

• Transition to a new data management system for more accurate real-time understanding of labor conditions
• Ongoing efforts to improve working conditions and address identified issues in the supply chain

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• International Labor Standards (ILS) Program

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Diversity, Equity, and Inclusion (DE&I)
• Environmental stewardship and conservation
• Human capital management
• Operating responsibly
• Community investment

Environmental Achievements

• Developed measurable environmental and sustainability goals for 2030, including reaching net zero Scope 1 and 2 greenhouse gas emissions for our direct operations and zero waste to landfill at our wholly owned and operated parks and resorts by 2030.

Social Achievements

• Launched the Reimagine Tomorrow endeavor to build on Disney’s longstanding commitment to diversity, equity and inclusion.
• Created a pipeline of next-generation creative executives from underrepresented backgrounds.
• Supported the long-term career aspirations of hourly employees through the Disney Aspire education investment program.
• Instituted a vaccination mandate for its employees.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted operations, including theme park closures, production delays, and reduced theatrical releases.
• Supply chain disruptions.
• Declines in linear viewership and consumption of content.
• Increased costs to implement health and safety measures.

Mitigation Strategies

• Issued senior notes and entered into a credit facility.
• Suspended capital projects and reduced discretionary expenditures.
• Reduced management compensation and temporarily eliminated Board of Director retainers and committee fees.
• Furloughed employees.
• Implemented health and safety measures upon reopening parks and resorts.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Diversity, Equity, and Inclusion (DE&I)
• Environmental stewardship and conservation
• Community Investment
• Human capital management
• Operating responsibly

Environmental Achievements

• Developed measurable environmental and sustainability goals for 2030, including achieving net zero Scope 1 and 2 greenhouse gas emissions for our direct operations, and zero waste to landfill at our wholly owned and operated parks and resorts by 2030.

Social Achievements

• Launched Disney Aspire, an education investment program paying 100% of tuition costs upfront for participating hourly employees. More than 16,000 employees enrolled or graduated.
• Introduced Global Well-Being Week in 2022, focusing on physical, emotional, financial, and social well-being.
• Updated Disney Look appearance guidelines to cultivate a more inclusive environment.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• COVID-19 pandemic impacts on operations and revenue
• Economic downturns affecting consumer spending
• Increased competition in media and entertainment
• Changes in technology and consumer consumption patterns
• Maintaining intellectual property rights
• Cybersecurity threats
• Labor disputes
• Seasonality of businesses
• ESG-related reporting obligations and consumer perceptions

Mitigation Strategies

• Developed alternative sourcing strategies (implied)
• Incurred additional costs for health and safety measures, capacity restrictions, and content production disruptions.
• Cost realignment and restructuring initiatives
• Developing and investing in DTC products
• Investing in information security program
• Implementing cost-cutting measures (implied)
• Announced ESG initiatives and goals

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Human Capital
• Environmental Sustainability
• Diversity, Equity and Inclusion (DE&I)
• Sustainability and Social Impact

Environmental Achievements

• Developed measurable environmental sustainability goals for 2030, encompassing science-based targets for Scope 1, 2 and 3 emissions, water stewardship, waste reduction, sustainable design in construction and use of more sustainable materials in our products.

Social Achievements

• Launched Disney Aspire, an education investment program paying 100% of tuition costs upfront for eligible hourly employees; over 15,000 employees enrolled, and more than 3,800 have graduated since 2018.
• Implemented various health, wellness, and family resource benefits, including mental health resources and a Global Well-Being Week.
• Advanced Diversity, Equity and Inclusion (DE&I) initiatives through programs like Reimagine Tomorrow, Executive Incubator, and employee-led groups.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Inflationary pressures
• Changes in technology and consumer consumption patterns
• Competition for resources and market share
• Risks related to intellectual property protection
• Cybersecurity threats
• Uncontrollable events (health concerns, weather, political instability)
• Labor disputes
• Seasonality of businesses
• Attracting and retaining employees
• Environmental, social, and governance (ESG) matters and reporting obligations
• Damage to reputation or brands
• Risks related to DTC streaming services
• Potential credit ratings actions and increased borrowing costs
• Elevated indebtedness or leverage ratios

Mitigation Strategies

• Developing, investing in, and acquiring DTC products
• Reorganizing media and entertainment businesses
• Developing new media offerings
• Implementing cost realignment strategies
• Investing in information security programs
• Obtaining insurance coverage
• Adjusting business strategies and restructuring operations
• Implementing initiatives to meet ESG goals
• Implementing various financial instruments to manage market risks (interest rates, foreign currency, commodities)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions or natural disasters

Transition Risks

• Regulatory changes

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed