Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced carbon footprint by 5.2% from the previous year
• Reduced carbon footprint by 20.7% from FY16 for scopes 1 & 2
• Total energy consumption decreased by 11.4% from FY16 base year

Climate Goals & Targets

Environmental Challenges

• Indirect impacts that also create greenhouse gas emissions from activities upstream or downstream from a company’s core business (Scope 3 emissions)

Mitigation Strategies

• Committed to reduce its scope 3 GHG emissions 20% by FY2030 from base year FY2016
• Long-term vision of achieving net zero carbon emissions by 2050

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol

Third-party Assurance: Cventure LLC

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste & Circular Economy
• Ethics & Compliance
• Risk Management
• Public Policy
• Data Protection & Privacy
• Supply Chain
• Our People
• Diversity, Equity & Inclusion
• Talent Attraction, Training & Development
• Compensation & Benefits
• Health, Safety & Wellness
• Trusted News & Information
• Community Engagement & Philanthropy

Environmental Achievements

• Achieved a leadership score of A- for our 2020 CDP Climate Change Response.
• Achieved a score of A- as a “Supplier Engagement Leader” for 2020 from CDP.
• Reduced total costs associated with greenhouse gas emissions to approximately $56 million in fiscal 2020, down ~18% from $68 million in fiscal 2016.
• Reduced total emissions at News Corp Australia by 27% from fiscal 2016 base year and 7% from the previous year.
• Achieved a 93.2% average diversion from landfill rate in 2020.
• HarperCollins UK printing 99% of its books on Forest Stewardship Council certified material since 2019.
• HarperCollins reduced its energy consumption by nearly 30% over the past five years.
• Dow Jones saving nearly $5 million in electricity costs and reducing carbon emissions in the community by over 35,000 tons since 2011 through solar power at its New Jersey offices.
• Saving approximately 11.5 million pounds of greenhouse gas emissions each year, by extending our partnership between HarperCollins and a key paper supplier to source 100% post-consumer waste recycled paper.

Social Achievements

• Introduced comprehensive programs to assist in protecting and enhancing the physical and mental health of our more than 20,000 employees.
• Increased female representation among Senior Leadership by 4% over the prior year.
• 52% of managers in our U.S. workforce are women.
• Across our U.S. workforce, female and ethnic minority representation exceeded that among our industries.
• Launched a virtual events series to foster culture and connection in a remote work environment.
• The Times and Sunday Times Christmas Charity Appeal raised over £3 million to support causes impacted by COVID-19.
• The Sun raised over £1 million for NHS Charities Together.

Governance Achievements

• Formalized Board oversight of ESG matters through the Nominating and Corporate Governance Committee.
• Centralized management of ESG issues through a cross-functional ESG Steering Committee.
• Created a new role of Global Director of ESG Initiatives.
• Expanded consideration of ESG objectives in our executive officers’ incentive compensation.
• Published our inaugural ESG report.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic.
• Historically higher emissions in Australia due to reliance on coal-derived electricity.
• Maintaining journalistic integrity in a complex information landscape.

Mitigation Strategies

• Implemented strict infection control protocols and risk-based management plans.
• Accelerated digital transformation and implemented cost-savings initiatives.
• Amplified benefits and support services provided to employees.
• Transitioning to more energy-efficient technology and closing or transitioning to digital 100+ print titles in Australia.
• Rigorous standards of truth and responsibility, including compliance with Dow Jones Code of Conduct, Ipso rules and regulations, and Australian Press Council regulations.

Supply Chain Management

Responsible Procurement

• Global Paper Sourcing Policy
• Third Party Compliance Risk Management Policy
• Modern Slavery Statement

Climate-Related Risks & Opportunities

Physical Risks

• Changes to weather patterns and increased frequency of extreme weather events

Transition Risks

• Carbon pricing, cost of raw materials, shifts in stakeholder expectations

Opportunities

• Resource efficiency, supply chain resiliency, increased demand and potential partnerships involving sustainable goods and services and employee attraction and retention

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Awards & Recognition

• CDP Climate: A-
• CDP Forest: B
• Working Mother 100 Best Companies Award and Best Companies for Dads (Dow Jones)
• #LetHerSpeak campaign won the June Andrews Award for Women’s Leadership in Media (News Corp Australia)
• 2020 Best CEO, Best Company — Work-Life Balance, and Best Company — Professional Development (realtor.com®)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste & Circular Economy
• Diversity, Equity and Inclusion
• Workforce Engagement
• Trusted News & Information
• Community Impact & Philanthropy
• Corporate Governance
• Compliance & Ethics
• Risk Management
• Public Policy
• Data Protection & Privacy
• Supply Chain Management

Environmental Achievements

• Reduced operational carbon footprint by 39% from fiscal 2016 base year and 12% year-over-year in fiscal 2021.
• Achieved a score of B for its 2021 CDP Climate Change Response.
• HarperCollins achieved CarbonNeutral® company certified status across its direct operational emissions (Scope 1 and 2) and some Scope 3 emissions globally.
• Decreased fiscal 2021 energy spend by 10% compared to fiscal 2020.
• Average diversion from landfill rate was 95% in calendar 2021.

Social Achievements

• Formation of a global working group to advance diversity, equity and inclusion.
• News Corp Giving provided resources to philanthropic organizations.
• Substantial financial and volunteer commitments to charities by businesses and employees.
• Implemented programs to promote equitable recruitment and hiring practices.
• Various employee resource groups (ERGs) and internal networks established to foster inclusivity.

Governance Achievements

• Formal Board oversight of ESG matters through the Nominating and Corporate Governance Committee.
• Centralized management of ESG issues through cross-functional ESG Steering Committee and ESG Governance Committee.
• Expanded consideration of ESG objectives in executive officers’ incentive compensation.
• Publication of second annual ESG report in 2022, including GRI, SASB and TCFD indices.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Climate-related risks (carbon pricing, cost of raw materials, weather patterns, extreme weather events, stakeholder expectations)
• Cybersecurity threats and breaches

Mitigation Strategies

• Developed alternative sourcing strategies (e.g., sourcing 100% of paper from certified sources by 2025)
• Robust ethics and compliance program anchored in global Standards of Business Conduct.
• Dedicated global cybersecurity organization responsible for monitoring information security program.
• Centralization of procurement functions to optimize supply chain efficiencies and oversight.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Centralized procurement strategy
• Corporate procurement policies
• Supplier sustainability standards
• Third-Party Compliance Risk Management Policy
• Supplier diversity initiatives

Climate-Related Risks & Opportunities

Physical Risks

• Changes to weather patterns
• Increased frequency of extreme weather events

Transition Risks

• Carbon pricing
• Cost of raw materials
• Shifts in stakeholder expectations

Opportunities

• Resource efficiency
• Supply chain resiliency
• Increased demand for sustainable goods and services
• Employee attraction and retention

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: CarbonNeutral® (HarperCollins)

Third-party Assurance: Cventure LLC

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 11-15

Aligned work with relevant UN Sustainable Development Goals focusing on environmental impacts of business.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CDP Supplier Engagement Leader (2021)
• Seramount 100 Best Companies (Dow Jones)
• Best Companies for Dads (Dow Jones)
• Best Training and Development (HarperCollins)
• B&T Women Leading Tech award (News Corp Australia)
• Social Mobility Champion of the Year (News UK)
• Australia’s 4th Best Place to Work (REA Group)
• Inclusive Employer (REA Group)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste & Circular Economy
• Diversity, Equity & Inclusion
• Workforce Engagement
• Trusted News & Information
• Community Impact & Philanthropy
• Corporate Governance
• Compliance & Ethics
• Risk Management
• Public Policy
• Data Protection & Privacy
• Supply Chain Management

Environmental Achievements

• Reduced absolute Scope 1 and 2 GHG emissions by 52% from the 2016 base year in fiscal 2022.
• Achieved a 95% average diversion from landfill rate across 35 of its largest sites globally in calendar year 2022.
• Sourced 77% of paper from certified sources in fiscal 2022.
• News Corp’s net-zero carbon emissions goal by 2050 was validated against the SBTi’s Corporate Net-Zero Standard; the first North America-based media company to receive this validation.
• Reduced carbon emissions through the transportation of HarperCollins books from Europe to the UK by rail instead of trucks, saving nearly 200 metric tons of carbon emissions in fiscal 2023.
• HarperCollins achieved Carbon Neutral Certified status globally in 2022. REA has been Carbon Neutral Certified since 2020.

Social Achievements

• Historic appointments of women in leadership roles in newsrooms globally (Emma Tucker at The Wall Street Journal, Michelle Gunn at The Australian, Maggie O’Riordan at The Times of London).
• Launched a global supplier code of conduct.
• Launched various programs to attract Black and Asian talent in the UK, including initiatives with the Black Collective of Media in Sport, the Raheem Sterling Foundation and the Aziz Foundation.
• Enhanced bereavement policy to encompass pregnancy loss and introduced an adoption assistance benefit across US businesses.

Governance Achievements

• Expanded consideration of ESG objectives in executive officers’ incentive compensation, including ESG governance, communications, environment, sustainability, human capital, DEI, and philanthropy.

Climate Goals & Targets

Environmental Challenges

• 11% increase in Scope 3 emissions in fiscal 2022 due to increased supplier emissions and corporate investments.
• Supply chain disruptions (implied).

Mitigation Strategies

• Engagement with over 300 suppliers as part of the CDP Supply Chain program.
• Development of alternative sourcing strategies (implied).

Supply Chain Management

Supplier Audits: Over 300 suppliers engaged through CDP Supply Chain program in 2023; 58 suppliers responded in 2022.

Responsible Procurement

• Supplier Code of Conduct
• Requirements regarding product and packaging labeling
• Traceable paper sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (implied)

Transition Risks

• Regulatory changes (implied)
• Market shifts (implied)

Opportunities

• Development of energy-efficient products (implied)

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 14001 (News UK print centers and HarperCollins UK’s Glasgow site)

Third-party Assurance: Cventure LLC

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 11-15

Alignment with UN SDGs mentioned in relation to climate change efforts.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• #1 Company for the Environment in the media industry by JUST Capital (2023)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste & Circular Economy
• Stakeholder Engagement
• Trusted News & Information
• Employee Experience
• Diverse Voices
• Community Impact & Philanthropy
• Corporate Governance
• Compliance & Ethics
• Risk Management
• Public Policy
• Data Protection & Privacy
• Supply Chain Management

Environmental Achievements

• A reduction of approximately 62% in our operational emissions from our fiscal 2016 base year, putting us on track to meet our 65% reduction target six years ahead of our goal
• 91% diversion rate across 22 sites in fiscal 2023.
• 99.8% of paper from primary suppliers came from certified sources in fiscal 2023.
• 13.7% reduction across all three scopes in fiscal 2023 from a fiscal 2021 base year.

Social Achievements

• Launched a new Student Debt Retirement Savings Match program that enables our U.S. employees to earn a company match in their 401(k) savings plans through paying down their student loans
• Held the first global company-wide Women in Tech conference
• HarperCollins joined forces with other book publishing industry leaders to challenge limits on access to a broad range of books.

Governance Achievements

• Expanded its consideration of ESG objectives in our executive officers’ incentive compensation to include additional ESG goals, alongside the long-standing assessment of performance on ethics and compliance.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Climate events
• Misinformation and disinformation
• Censorship and book banning
• Data privacy and protection laws

Mitigation Strategies

• Developed alternative sourcing strategies
• Implemented robust ethics and compliance program
• Forged vital alliances with other publishers and established commercial content partnerships with tech giants
• Centralized procurement functions
• Implemented Global Data Privacy Protocol

Supply Chain Management

Supplier Audits: 113 News Corp suppliers responded to requests to report their GHG data to CDP in 2023

Responsible Procurement

• Supplier Code of Conduct
• Sustainability requirements
• Third Party Compliance Risk Management Policy
• Due diligence management platform

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Wildfires

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Growth in renewable energy market

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 14001, ISO 27001

Third-party Assurance: Cventure LLC (limited assurance)

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15

News Corp has aligned its work with the relevant United Nations Sustainable Development Goals.

Awards & Recognition

• A- for 2023 CDP Climate Change survey response
• Multiple awards for journalistic excellence