Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Delay in completion of financial statements of Clear Media Limited, an indirect, non-wholly-owned subsidiary.

Mitigation Strategies

• Delayed filing of Form 10-Q to allow management to focus on completing the Annual Report.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Human Rights
• Sustainability
• Corporate Governance

Environmental Achievements

• Committed to be Carbon Net Zero before 2050
• Continued focus on the efficiency of our technologies (including, but not limited to, converting a large portion of our illuminated displays to LED lighting, using light sensors and dimming technology that control brightness, and exploring alternative energy sources) and on developing innovative products and services with a reduced environmental footprint.

Social Achievements

• U.S. employees provided their communities with over 4,300 hours of service in 2023 through our Local Spirit Day of Service program
• Similar community-assistance programs for employees in our European markets
• Advancing Diversity and Inclusion initiatives
• Commitment to Safety and Wellness, including mental health programs

Governance Achievements

• Established a Code of Business Conduct and Ethics
• Mandatory training on the Code upon employment and annually thereafter
• Board oversight of cybersecurity risks through the Audit Committee

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• High interest rates increasing weighted average cost of debt
• Inflation affecting results, particularly in Europe
• Weakness in revenue within certain larger U.S. markets (San Francisco/Bay Area)
• Hollywood labor union strikes negatively impacting out-of-home advertising sales
• Economic variability throughout Europe
• Geopolitical events (Russia-Ukraine war, Israel-Hamas war)
• Social and political turmoil in some Latin American countries
• Cybersecurity incidents

Mitigation Strategies

• Implemented restructuring plans to reduce headcount and costs
• Increased effective advertising rates to offset higher costs
• Debt refinancing and prepayments
• Improved liquidity position
• Robust cybersecurity program
• Cyber insurance
• Processes to sell lower-margin assets to streamline organization and focus on higher-margin markets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001, Ad Net Zero, United Nations Global Compact, Carbon Disclosure Project