Climate Change Data

Environmental Metrics

ESG Focus Areas

• Emissions
• Water
• Waste
• Materials
• Sustainable Design

Environmental Achievements

• Increased diversion of operational waste from landfills from 49% in 2015 to 57% in 2019.
• Permanently eliminated more than 200 million plastic straws and stirrers annually.
• Completed removal of all polystyrene cups.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Diverse nature of businesses creates variability in ability to determine and measure associated emissions and level of influence over them.
• Varying levels of control over emissions across value chains.
• Challenges in transitioning to zero carbon electricity sources due to access to renewables, load demands, and regulatory environments.
• Challenges in reducing Scope 3 emissions due to external factors including actions by suppliers, global transitions to cleaner fuels, availability of solutions, and consumer behavior.

Mitigation Strategies

• Focusing on solutions to drive emissions reductions in consumer products, collaborating with suppliers and licensees, adopting emissions-reducing production practices, and investing in innovative strategies.
• Employing a hierarchy of action for zero carbon electricity: on-site generation, utility green power programs, PPAs, and EACs.
• Investing in innovation in low carbon fuels through R&D, support for emerging technologies, and collaboration with partners.
• Using natural climate solutions to compensate for emissions where technological solutions are unavailable.
• Implementing site-specific watershed stewardship strategies at key sites.
• Aligning culinary practices with responsible seafood-sourcing best practices and third-party certifications.
• Comprehensive waste management plan focusing on waste reduction, reuse, material sourcing, recycling, and education.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Collaborating with suppliers to move toward lower carbon technologies and renewable power.
• Collaborating with suppliers, contractors, and licensees to help them build capacity to set their own emissions reduction targets.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), Greenhouse Gas Protocol (GHGP)

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• US EPA Food Loss and Waste 2030 Champion (Walt Disney World Resort)
• EPA Food Recovery Challenge award (Disneyland Resort)

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Conservation
• Philanthropy
• Supply Chain Management
• Governance
• Diversity & Inclusion
• Employee Well-being

Environmental Achievements

• Met 2020 target to reduce net greenhouse gas emissions by 50% relative to 2012 total levels
• Met 2020 waste target to achieve 60% diversion from landfills and incineration
• Maintained global potable water use flat to 2013 levels

Social Achievements

• Pledged $5 million in support to organizations advancing social justice
• Provided nearly $27 million in in-kind support in response to COVID-19
• Provided FIRST a $1.5 million grant to expand access to their robotics programs for underrepresented youth
• ESPN committed nearly $3 million to ensure kids from all backgrounds have the same opportunity to thrive through sports

Governance Achievements

• Refer to the Company’s Proxy Statement

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted every part of the world and nearly every aspect of the organization and its businesses
• Health and safety restrictions impacted in-person volunteer opportunities and reduced the ability of employees to serve their local communities
• Supply chain disruptions due to the pandemic challenged the global licensed food business

Mitigation Strategies

• Implemented new policies to govern employee pay, leave and benefits for those directly affected by COVID-19
• Provided employees with new, virtual volunteer opportunities
• Shifted in-person programs to a virtual format where possible

Supply Chain Management

Supplier Audits: 43,300 facilities audited

Responsible Procurement

• Standards of Business Conduct
• Human Rights Policy
• Code of Conduct for Manufacturers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, CDP, TCFD, SDGs

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)
• Goal 17 (Partnerships for the Goals)

See Sustainable Development Goals section of report.

Sustainable Products & Innovation

• The Mickey & Co. apparel line (made from up to 50% recycled fiber)

Awards & Recognition

• Fortune Magazine 2020 World’s Most Admired Companies (#4 overall, #1 in entertainment)
• HR Executive Magazine: #1 Most Admired Company for HR in 2020
• National Minority Supplier Development Council: Corporation of the Year
• Human Rights Campaign Foundation: 2020 Corporate Equality Index
• National Business Inclusion Consortium: 2020 Best-of-the-Best Corporation for Inclusion
• EMA Award, Documentary Series: “Ending Plastic Pollution” (National Geographic)
• EMA Award, Comedy: Mixed-ish "Nothing's Gonna Stop Us Now" (ABC Studios)
• Disability:In Employment Index, 2020, 100% score
• Rep Trak Top 10 Most Reputable Companies Worldwide
• Hispanic Association of Corporate Responsibility (HACR) Corporate Inclusion Index 2020: Excellence across 4 categories
• American Council of the Blind: 2020 Achievement Award in Audio Description for Disney+
• Association of Zoos and Aquariums’ William G. Conway International Conservation Award

Environmental Metrics

ESG Focus Areas

• Diversity, Equity & Inclusion
• Environmental Sustainability
• Community

Environmental Achievements

• Installed solar arrays on Castaway Cay and at Hong Kong Disneyland
• Announced two new 75MW solar facilities in Florida, expected in 2023
• Introduced plastic-free packaging for classic dolls
• Diverted 61% or 80,000+ tons of total Company operational waste from landfill
• Sustainable seafood made up 95% of seafood served in U.S. parks, resorts, and cruise line

Social Achievements

• Enhanced DEI transparency through a new Diversity Dashboard
• Deepened HBCU engagement through Disney on the Yard launch
• Introduced inclusion standards to drive representation in front of and behind the camera
• Donated $290M+ in charitable giving, including $150M+ directed to underrepresented communities
• Delivered 400,000+ Disney-themed products to 500+ children’s hospitals
• Brought Disney experiences to 5 children's hospitals
• Donated 320+ tons of food (540,000 meals) to communities impacted by COVID-19
• Employees and cast members contributed 340,000+ service hours through Disney VoluntEARS

Governance Achievements

• Increased Board oversight by formalizing oversight of ESG and specific ESG priority issues
• Separated the CEO and Chairman roles
• Incorporated ESG metrics into the executive bonus plan

Climate Goals & Targets

Environmental Challenges

• Continued impacts of COVID-19
• Defining a science-based reduction goal for Scope 3 emissions

Mitigation Strategies

• Implemented hybrid and remote work options
• Working to define a science-based reduction goal for Scope 3 emissions by the end of 2022
• Investing in natural climate solutions

Supply Chain Management

Supplier Audits: 87% of Tier 1 supplier facilities audited

Responsible Procurement

• International Labor Standards (ILS) program
• Code of Conduct for Manufacturers
• Supply Chain Investment Program (SCIP)

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions
• Natural disasters

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Investment in renewable energy

Reporting Standards

Frameworks Used: GRI, SASB, CDP, TCFD, UN SDGs

UN Sustainable Development Goals

• Goal 1
• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16
• Goal 17

Various initiatives contribute to these goals as described in the SDG Indicators section

Sustainable Products & Innovation

• Plastic-free packaging
• Recycled materials in products

Awards & Recognition

• Fortune World’s Most Admired Companies
• Comparably Best Places to Work
• Fast Company Best Workplaces for Innovators
• Forbes Best Employers for New Grads
• JUST Capital JUST 100 list
• FTSE4Good Global Index
• Edward R. Murrow Awards
• Peabody Award
• GLAAD Media Awards
• Environmental Media Association Awards
• SEAL Business Sustainability Award

Environmental Metrics

ESG Focus Areas

• Diversity, Equity & Inclusion
• Environment & Conservation
• Community

Environmental Achievements

• Launched the Disney Wish, designed to be among the most energy-efficient cruise ships on the water
• Received 58 Green Seals and 38 Gold Seals from the Environmental Media Association
• Updated emission reduction goals to include the broader value chain; plan to submit goals to the Science Based Targets initiative for validation
• Disney Conservation Fund contributed nearly $6.7 million in grants to more than 60 nonprofit organizations across 32 countries
• 58% of total Company operational waste diverted from landfill and incineration

Social Achievements

• Released award-winning films and shows that respect and celebrate different communities (e.g., Encanto, Abbott Elementary)
• Continued investment in programs like Disney’s Veterans Institute, Disney on the Yard, Women’s Talent Network, and Black Talent Network to attract and develop a more diverse workforce
• Celebrated the 10th anniversary of the Heroes Work Here program, resulting in more than 12,500 veterans hired
• Launched Disney Future Storytellers to increase access to careers in media, entertainment, technology, and hospitality
• More than $140 million of charitable giving directed to programs serving underrepresented communities
• Expanded education investment and career development program, Disney Aspire
• Launched a new virtual leadership program for senior leaders called Disney IGNITE
• Reported adjusted pay ratios of at least 99% across gender, race, and ethnicity in the U.S.
• Expanded and enhanced Supply Chain Code of Conduct
• Contributed $24+ million to the Supply Chain Investment Program
• ~100% of food & beverage advertising across our media platforms oriented to kids and families met our nutrition guidelines
• First Global Well-Being Week

Governance Achievements

• Updated Human Rights Policy
• Enhanced Supply Chain Code of Conduct
• Celebrated the 10th anniversary of the Supply Chain Investment Program
• Diversity and inclusion had the highest weighting among nonfinancial objectives in executive bonus plan

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Enhanced Supply Chain Code of Conduct
• Supply Chain Investment Program

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• World’s Most Admired Companies, #5
• America’s Most Responsible Companies, #39
• Dow Jones Sustainability Index North America
• First Tier Company Corporate Equality Index, Perfect Score, 16th consecutive year
• Best Places to Work for Disability Inclusion, 100% Score
• 6 Environmental Media Awards nominations, 2 wins
• 58 Green Seals and 38 Gold Seals
• Forefront 50 Award
• Central Florida Diversity Champion Award
• Best Employers: Excellence in Health & Well-being
• Corporate Partner of the Year
• 5 Annual Safety Awards
• Distinguished Supplier Diversity Award
• Annual Sustainable Innovation Award for Corporate Sustainability
• 8 Salute to Excellence Awards
• Ocean Champion Award
• 4 GLAAD Media Awards

Environmental Metrics

ESG Focus Areas

• Operating Responsibly
• Investing in Our People
• Diversity, Equity & Inclusion
• Environmental Sustainability
• Social Impact

Environmental Achievements

• Received SBTi validation for our greenhouse gas emissions reduction targets in calendar year 2023
• 61% of total company operational waste diverted From landfill and incineration
• Achieved LEED for Communities Platinum Certification from the U.S. Green Building Council at Shanghai Disney Resort

Social Achievements

• Granted our 150,000th wish together with Make-A-Wish
• More than 15,000 Disney employees enrolled in Disney Aspire program
• Reimagined Mickey’s Toontown at Disneyland Resort with accessibility in mind

Governance Achievements

• Achieved our goal to spend at least $1 billion annually with diverse suppliers by the end of fiscal 2024 (a year early)
• All members of the Audit Committee, Compensation Committee, and Governance and Nominating Committee were independent as of the end of fiscal 2023
• Eleven of twelve Director nominees for the 2024 annual meeting are independent

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Global economic conditions
• Competitive pressures
• Consumer preferences
• Health concerns
• Global economy-wide transitions
• International, political, or military developments
• Regulatory and legal developments
• Technological developments
• Labor markets
• Adverse weather conditions or natural disasters
• Availability of content

Mitigation Strategies

• Restructuring and strategic initiatives
• Execution of business plans
• Cost rationalization
• Risk financing strategies (self-insurance, risk transfer, commercial insurance, alternative risk financing)
• Enterprise Risk Management function
• Supply Chain Investment Program
• Supplier Diversity initiatives
• Product safety program
• Safety culture conversations
• Information security management system
• Global privacy program
• Digital Wellness Grant Program
• Advertising guidelines
• Nutrition Guidelines
• Journalistic integrity standards
• AI governance process

Supply Chain Management

Supplier Audits: 37% of supplier facilities audited in 2023 (includes beyond Tier 1)

Responsible Procurement

• Supply Chain Code of Conduct
• Disney International Labor Standards (ILS) program
• Supplier Diversity program
• Supply Chain Investment Program

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions
• Natural disasters

Transition Risks

• Regulatory changes
• Market shifts
• Global economy-wide transitions

Opportunities

• Development of energy-efficient products
• Renewable energy investments

Reporting Standards

Frameworks Used: SASB, TCFD, UN SDGs

Certifications: LEED for Communities Platinum (Shanghai Disney Resort)

Third-party Assurance: Third-party limited assurance for Scope 1 & 2 GHG emissions since fiscal 2019, and Scope 3 GHG emissions for fiscal 2019 and fiscal 2022

UN Sustainable Development Goals

• 2, 3, 4, 5, 6, 7, 8, 10, 11, 12, 13, 14, 15, 16, 17

Various initiatives contribute to these goals as detailed in the SDG Indicators section

Sustainable Products & Innovation

• Plush toys with recycled polyester filling

Awards & Recognition

• Best Adoption-Friendly Workplaces
• Best for Vets Employers
• Dow Jones Sustainability Index North America
• Many others (see page 7)