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NEW YORK , Sept. 9, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today released its third annual Environmental, Social, and Governance (ESG) Report with the goal of advancing the company's ESG strategy and highlighting its progress on its goals in three focus areas: On-Screen Content & Social Impact; Workforce & Culture; and Sustainable Production & Operations.

"From escalating public health and climate crises to deepening social division and geopolitical conflict, the last few years have shown us how critical our focus on ESG is as our society and business continue to navigate complex global challenges," said Crystal Barnes , SVP of Corporate Social Responsibility and ESG at Paramount. "Our actions at Paramount help shape culture and conversation, with real-world impacts—and we are more committed than ever to our duty and opportunity to deliver responsible, informative, and culturally powerful content that can help shape a more sustainable and inclusive world."

In addition to updated workforce and environmental impact data, this year's report gives a more detailed overview of the company's ESG governance practices, including Paramount's ESG Council governance structure. Additionally, as the company continues to focus on advancing diversity and inclusion in front and behind the camera, it includes an update on its overarching efforts to advance this work through the company's global, cross-brand initiative, Content for Change.

Other notable aspects of the report include:

The ESG report is guided by external ESG frameworks in alignment with ESG and sustainability best practices, including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD). It also outlines the company's alignment with relevant United Nations Sustainable Development Goals (SDGs), including Gender Equality, Decent Work and Economic Growth, and Climate Action.

To learn more about Paramount's ESG efforts and to view the full 2021-2022 report, please visit https://www.paramount.com/sustainability.

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.

For more information about Paramount, please visit www.paramount.com and follow @Paramount on social platforms.

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