CELEBRATINGCOMMUNITYHEROESCORPORATESOCIALRESPONSIBILITY
report 2021

A LETTER FROM OUR CEO
AND EXECUTIVE CHAIRMAN

1OUR COMMUNITIES6OUR PEOPLE

36

OUR WORLD54

OUR PRACTICES

68

OUR PROTECTIONS

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SASB APPENDIX85

A LETTER FROM OUR CEO ANDEXECUTIVE CHAIRMAN

The unprecedented and ongoing challenges presented by the COVID-19 pandemic did not lead
FOX to shy away from its commitments to FOX Forward, our companywide philanthropic initiative;
rather, FOX deepened its outreach and assistance to our neighbors and communities.
FOX’s dedication to serving veterans and active-duty military members, underserved youth, andthe communities around us continued through our longstanding partnerships, financial donations,and magnification across our media assets. This fiscal year, we particularly focused on the heroes
in our backyards—those food banks, educational programs and veterans’ initiatives that assist
people in local communities. Addressing the unique needs and issues of each area allows us
to provide tailored support and assistance to neighbors in the locations where FOX operates.
Los Angeles, our West Coast headquarters and home to thousands of FOX employees, is a primeexample of this community-centric giving. FOX Forward activated in a variety of ways to ensure
our impact was both broad and deep, including: donations to national organizations with a service
footprint in Los Angeles, partnerships with local organizations that squarely focus on the local
region, the launch of our FOX For Students initiative, the use of the FOX Studio Lot and reach of
the local FOX 11 station to unite, inform and thank our fellow Angelenos.
Again this year, FOX invested in the American Red Cross Los Angeles Chapter with a donation to
the Annual Disaster Giving Program, which pre-funds the Red Cross’ assistance after disasters
strike. Our partnership with U.S. VETS expanded during the year as we supported veterans at theirLos Angeles, Houston and Washington, D.C. housing programs. FOX Forward uplifted veteransand their families through holiday meal services, site improvements and supply donations.
The FOX Studio Lot in Century City is the heart of our Los Angeles operations and was the homebase for much of our in-person volunteering this year. In recognition of Veterans Day, FOX Food
Services workers on the Lot prepared more than 3,300 meals for veterans. Continuing the program
we implemented early in the pandemic, our dedicated teams cooked and packaged meals for local
Angelenos in need. Our recent donation benefited veterans facing food instability.

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Students in the vicinity of the Lot and across Los Angeles are our inspiration for and focus of
FOX For Students, an initiative dedicated to sparking the creativity of local students through arts,
sports and music programs. Beginning in the 2021 school year, FOX For Students will support
12 Los Angeles area schools with $250,000 to enable the creation and continuation of arts, music
and other creative programs. We know that kids can’t be at their creative best and thrive in theireducation if they are hungry, which is why we’re also supporting the Los Angeles Regional Food
Bank’s BackPack Program. FOX’s support will enable low-income students from two schools in
the Los Angeles Unified and Compton Unified School Districts to receive much-needed healthy,
fresh food throughout the school year. FOX For Students will be a key area of focus for our
corporate social responsibility efforts in the coming year.
As a two-year-old company, Fox Corporation’s still burgeoning corporate social responsibility
work is solidly grounded in its commitments to particular geographic communities and specificpopulations while also being flexible enough to adapt to the acute needs facing our neighbors.
While FOX Forward’s mission is improving the lives of the people it serves, it also positively impacts
all of our stakeholders. Current employees report being gratified by our community engagement,
and potential future employees will be drawn to this unifying work. Further, the impact we makethrough FOX Forward deepens our viewers’ attachments to our brands and expands theirunderstanding of what these brands stand for, benefiting all stakeholders invested in the strength,
relevance and vitality of our business.

Lachlan Murdoch
CEO and Executive Chairman, Fox Corporation

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FISCAL YEAR 2021
CSR HIGHLIGHTSOUR PEOPLEBest Place to Work
Received a 100% score in the Human Rights Campaign
Foundation’s 2021 Corporate Equality Index (CEI) –our third year earning top marks. The score gives FOX
the distinction of “Best Places to Work for LGBTQ Equality.”

OUR COMMUNITIES

250,000
Meals Contributed

In collaboration with No Kid
Hungry, FOX provided 250,000
meals to children in need.

160,000 PSAs

OUR PROTECTIONS

Recognized as a DiversityComm Top Employer and
top LGBTQ+ Friendly Company from 2020 to 2021.

FOX is committed to safeguarding
information in its possession against
loss, theft and unauthorized use,
disclosure or modification.

Listed as a top employer by Black EOE Journal,
HISPANIC Network Magazine, Professional
WOMAN’s Magazine and U.S. Veterans Magazine.

FOX conducts annual
mandatory companywide
cybersecurity compliancetraining, fosters awarenessduring Cybersecurity Awareness Month,releases monthly ybersecurity training
videos and conducts regular targeted
employee training.

FOX News Media was designated as a 2020 Great Place
to Work-Certified™ Company.

Appointed to the Top Military Friendly® Employer list.

OUR WORLD

25%
Reduction in Power Used

Over 3,000 hours of public service
announcements ran across FOX platforms,
helping to inform and educate our viewers
on topics including the importanceof the COVID-19 vaccine.

2,880

Hours Volunteered$3 Million

FOX employees, despite
COVID-19 restrictions,
volunteered their time throughvirtual activities andskills-based pro bono work.

FOX Television Stations fooddrives and telethons raised
funds for food banks battling
food insecurity across the nation.

in Food Donated62,872Children Impacted
Partnering with Good Sports, FOX Sports utilized its family of networks anddigital platforms to address the impact the health crisis is having on the youth
sports community.
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The recently opened FOX Technology Center (FTC) in Arizona
was created and constructed with environmentally-friendly
elements at the forefront. Through local partnerships,
deliberate design and construction choices, and the use of
efficient technologies, the FTC has reduced its traditional,
operational power needs by more than 25%.

OUR PRACTICES
Zealously guard and defend journalists in theirsearch for the truth, believing so strongly in thesecore values that we have often come to the defenseof our competitors, recognizing that a free press
benefits all of us and requires the support of eachand every one of us.
All FOX employees must read our Standards of BusinessConduct and Global Anti-Bribery and Anti-Corruption
Policy and acknowledge that they have done so. In the
coming year, this process will include annual training
about our Standards of Business Conduct.

3.2
tons
DonatedDonated over 3.2 tons of unserved preparedfood from the FOX Studio Lot to local foodbanks and non-profit organizations—helping tominimize waste while feeding those in need.

6,346

Trees Planted
During Earth Month, FOXjoined forces with One Tree Planted to engage
employees in a fitness challenge—FOX planted
a tree for each mile employees ran.
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OUR COMMUNITIES

Through our corporate social responsibility initiative, FOX Forward, we
endeavor to create a healthier, happier and more promising future for ourcolleagues, their families and the people in the neighborhoods where welive and work. FOX Forward focuses on issues affecting communities acrossthe country, utilizing our resources and platforms to provide support tounderserved groups and amplify the voices of those in need. Through thetime and engagement of our employees, the reach of our platforms, and theresources we donate, we work together to improve the lives of millions ofpeople across the country while simultaneously creating value for our
stakeholders and our business.

VOLUNTEERING FOR GOOD
With the support and facilitation of FOX, employees can harness their
enthusiasm for sharing their time and talents to contribute to worthy causes.
While we experienced an unprecedented year, with most of ouremployees working from home and our volunteer opportunities being
virtual, our colleagues remained engaged and active. There was noshortage of organizations to support or people in need. And they met
the moment, with employees logging thousands of volunteer hours.
Among this year’s highlights:• FOX employees, representing all our business units, participated ina food drive that helped provide 36,000 meals to local food banks.
• Through our partnership with New York Cares, FOX employees donatedover 700 coats to our neighbors in New York City.
• FOX employees donated more than $300,000 to over 700 non-profit
organizations during the holiday season.
• FOX employees completed over 400 hours of pro bono work, donating$79,000 of skills-based service to their communities.

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GIVING FOR GOOD
Our FOX Giving program matches contributions (dollar for dollar) madeby eligible employees to verified non-profit organizations, up to an annual
per person amount. This program was especially impactful during thisdifficult year, allowing employees to double their impact to causes that
resonate with them.
We support hundreds of tax-exempt organizations and greatly increase
our employees’ charitable donations, allowing them to give back to theircommunities and support their personal passions. We matched over $1
million of employee donations this year, exponentially expanding the impact
our colleagues have on a wide range of philanthropic organizations.
Among the organizations that employees supported were: Blue Star
Families, Breast Cancer Research Foundation, Foundation for Women
Warriors, Kids In Need Foundation, Movember Foundation, One Tree
Planted, Operation Gratitude, Southern Poverty Law Center and UnitedStates Veterans Initiative.

PARTNERSHIPS FOR GOOD
Fox Corporation continues to impact our communities throughour partnerships with leading non-profit organizations.
We are focused on leveraging our assets, maximizing employee
engagement and impacting communities through, among other things,
support of food insecurity programs, veterans and military initiatives,
national disaster relief assistance and nurturing the next generationof storytellers and creative minds.
We partner with leading non-profits committed to impacting the areas
close to our homes and our hearts, with a particular focus on Los Angeles,
where we have our largest footprint.

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BACK TO MENULOS ANGELES REGIONAL FOOD BANKFOX expanded our commitment to provide much-needed sustenanceto those facing hunger across the country. In collaboration with theLos Angeles Regional Food Bank, FOX provided meals to community
members in areas heavily impacted by the COVID-19 crisis and in Asian
American, Native Hawaiian, and Pacific Islander (AANHPI) communities
in the Los Angeles area.
AMERICAN RED CROSS
FOX’s pledge to pre-invest in national disaster relief continues through our
American Red Cross Annual Disaster Giving Program partnership. Our gift
supports relief efforts in response to disasters across the nation, providing
safe shelter, hot meals, emotional support and resources to aid in recovery.

“EVERY DAY, PEOPLE TURN TO THE AMERICAN RED CROSS FORHELP IN THE FACE OF DISASTERS. WITH THE ADVANCE SUPPORTOF FOX CORPORATION, THE RED CROSS CAN PREPAREINDIVIDUALS AND COMMUNITIES FOR THE UNEXPECTED AND
PROVIDE RELIEF WHENEVER AND WHEREVER DISASTERSSTRIKE – WHETHER IT’S A WILDFIRE, HURRICANE, HOME FIRE
OR OTHER EMERGENCY. WE ARE TRULY GRATEFUL FOR THEIRANNUAL PARTNERSHIP THAT HELPS ENSURE WE CAN DELIVER
OUR LIFESAVING MISSION EACH YEAR.”- Trevor Riggen, SVP of Disaster Cycle Services - American Red Cross

“THE FOX MATCHING PROGRAM ENABLES ME TO MAKE AN EVENLARGER ANNUAL CONTRIBUTION TO THE CHARITIES THAT MATTERTO ME. I AM GLAD THAT THE COMPANY TAKES AN ACTIVE PARTIN HELPING ME SUPPORT THE CAUSES THAT I CARE ABOUT.”- Los Angeles-based Fox Corporation employee“I LOVE HOW MANY ORGANIZATIONS AREPART OF FOX’S MATCHING PROGRAM.
IT ALLOWS ME TO SUPPORT BOTH
NATIONAL AND LOCAL INITIATIVES.
THANK YOU TO FOX FOR DOUBLING THE
MONETARY IMPACT OF CHARITIES THATARE NEAR AND DEAR TO MY HEART.”- Washington, D.C.-based FOX News Media employee“I HAVE BEEN ABLE TO MAKE A GREATERIMPACT FOR THE CHARITIES I GIVE TO
THANKS TO FOX’S MATCHING. AND THISYEAR IN PARTICULAR, I WAS ABLE TO
HELP THE SOCIAL ISSUES OF THE DAY
WITH FOX’S CAMPAIGNS THAT DOUBLE
MATCHED WHAT I DONATED.”- New York-based FOX Television Stations employee

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UNITED STATES VETERANS INITIATIVE
FOX established and continues to grow a strong partnership with theUnited States Veterans Initiative (U.S. VETS), a national leader in providing
housing, employment and mental health services to veterans across thecountry. Through food services, site improvements and supply drives,
FOX is committed to giving veterans the opportunity to live with dignity
and independence.

TOGETHER WE RISE
Since its inception, FOX Forward has partnered with Together We Rise totransform the way kids experience foster care. Our employees have impacted
the lives of more than 500 foster children this year through service projects
including building Birthday Boxes, Superhero Boxes and Snuggle Kits.

“U.S. VETS IS ON A MISSION TO END VETERANHOMELESSNESS. WE ARE GRATEFUL FOR FOX
CORPORATION’S DEDICATED PARTNERSHIP AND THE
GENEROUS COMMITMENT THEY HAVE MADE TO ADVANCEOUR MISSION AND SUPPORT THE MEN AND WOMEN
WHO HAVE BRAVELY SERVED OUR COUNTRY.”– Darryl J. Vincent, Chief Operating Officer - U.S. VETS (USMC)OPERATION GRATITUDE
FOX expanded its relationship with Operation Gratitude, hosting an
employee volunteer event during which employees made Paracord Survival
Bracelets for deployed troops, first responders, and medical personnel on
the frontlines of COVID-19 relief efforts. Not only did the bracelets remind
the recipients of our appreciation for their work, they also can be used fora variety of purposes in the line of duty.

“FOX’S PARTNERSHIP ENABLES OPERATIONGRATITUDE TO LIFT THE SPIRITS OF OUR MEN AND
WOMEN IN UNIFORM, PAST AND PRESENT, DESPITE
THE NUMEROUS AND OVERWHELMING CHALLENGES
ASSOCIATED WITH COVID-19.”– Kevin Schmiegel, CEO - Operation Gratitude

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FOX is supporting the programs of 12 schools, including:

IN ACTION
Hometown Heroes: Spotlight on Los Angeles
The FOX Studio Lot, with its rich and storied history, has long been a vital
part of the Los Angeles community. Over the decades, tens of thousands ofwriters, actors, engineers, directors and other FOX colleagues have left theirmarks creatively and through their commitment to the surrounding area.
FOX works closely with local community leaders, schools and organizations
to support issues including parks enrichment, foster care, youth wellness,and creative programs in schools. We are grateful for the heroes in our own
backyard—our veterans, our teachers, our small business owners and our
first responders.

• Overland Elementary School, which launched a visual arts program forstudents in Fall 2021
• Castle Heights Elementary, whose art teacher introduces students tothe work of famous artists and teaches lessons based on the style ofthose artists• Canfield Elementary, which offers students programs in visual arts,
dance and music• Westwood Charter Elementary, whose art teacher teaches oil pastels,
watercolor, drawing and other creative arts on an age-appropriate basis
to each grade• Palms Middle School, which has a new Modern Media & Communications
Magnet program focused on career and technical education for thecommunications-based jobs of the 21st century. The curriculum isdesigned around writing, public speaking, technology and film & video• Emerson Community Charter Middle School, which launched an
Arts & Media Academy that features classes on video production,
costume design and scriptwriting• Hamilton High School, which has a new film program focused ontechnical education in video production, screenwriting, musictechnology and broadcast journalism• 54th Street Elementary, which works with the “Why Can’t We Make A
Difference Foundation” to provide students with classes in drama, choirand visual arts

Our legacy is one we continue to nurture and grow within and outside of the
FOX Studio Lot. We are committed to our neighbors and their well-being.
FOX FOR STUDENTS
In the summer of 2021, FOX debuted its “FOX For Students” program, a broadand deep investment in schools across Los Angeles. The program provides
local schools with the resources needed for activities that ignite students’
passion in the arts, creativity and storytelling.

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We also nurture the next generation of imaginative minds through our workwith Young Storytellers, which matches employee volunteers with middle
school students to encourage creative discovery through storytelling. FOX
mentors meet with students weekly to guide them through the process ofwriting a story from start to finish, inspiring students to be the center of theirown narratives and emphasizing that their stories matter.

LOS ANGELES LGBT CENTER
In connection with Pride month, FOX sponsored supplies for 90 participantsin the Los Angeles LGBT Center’s Culinary Arts program, which provides
culinary job training to underserved youth and seniors in the local LGBT
community. The program gives participants the skills needed for long-term
employment in the culinary field.

Students need their minds nourished with creativity and opportunity, andthey also need the nourishment of consistently healthy food. As part of FOX
For Students, we are working with the Los Angeles Regional Food Bank’s
BackPack Program. FOX’s support will enable low-income students fromtwo schools in the Los Angeles Unified and Compton Unified School Districts
to receive healthy, fresh food all school year long.

WEST LA HOMELESS
FOX partnered with West LA Homeless, a hyperlocal organization that
employs trained outreach professionals to engage with and assist people
experiencing homelessness in Century City and West Los Angeles. The
program connects our unhoused neighbors to government and community
resource solutions. West LA Homeless’ mission aligns with FOX’scommitment to expand our support of organizations whose services leadto permanent housing for those in need.

Outside of the classroom, FOX supports the teamwork and passion thatsports can foster. FOX sponsored a capital improvement for the youth
baseball programs with the Cheviot Hills Pony Baseball Association,
located near the FOX Studio Lot.
ACCESS BOOKS
During the height of the pandemic in the summer of 2020, FOX wanted
to ensure that local students had books to read and share after the school
year ended. With FOX’s support, Access Books delivered 1,900 new books
to students and neighbors of Longfellow Elementary in the Compton areaof Los Angeles.

“WEST LA HOMELESS IS GRATEFUL TO FOX CORPORATION, WHOSESUPPORT ALLOWS US TO PROVIDE EACH PERSON WITH PSYCHIATRIC
AND PHYSICAL HEALTHCARE, FOOD AND CLOTHING, AND TO HELP THEMACCESS PUBLIC RESOURCES, ALL WITH THE GOAL OF MOVING THEM INTO
PERMANENT HOUSING OR BACK WITH THEIR FAMILIES. WITHOUT THE
SUPPORT OF FOX, WE WOULD BE UNABLE TO ASSIST THOSE WILLING TO
IMPROVE THEIR CIRCUMSTANCES AND RISE OUT OF HOMELESSNESS.”- Michael Stevenson, President & COO - West LA Homeless“THE PARTNERSHIP WITH ACCESS BOOKS PROVIDED
HUNDREDS OF UNDERSERVED STUDENTS WITH BOOKSTO READ, OWN AND SHARE DURING THE VERYSTRESSFUL AND UNCERTAIN COVID SCHOOL CLOSURES.
BOOKS PROVIDE STUDENTS WITH AN ACADEMIC
LIFELINE AND AN EMOTIONAL CONNECTION TO
STORIES AND THEIR COMMUNITY.“- Rebecca Constantino, Ph.D., Founder & Executive Director - Access Books

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DOWNTOWN WOMEN’S CENTER
FOX Forward and the Downtown Women’s Center (DWC) united throughout
the year to drive awareness and support for DWC programs including
MADE by DWC, a purpose-driven social enterprise that provides a platform
for female makers and creators, empowering them to break the cycle ofchronic homelessness through employment. Items sold by MADE by DWC
fund career training and mentorship programs that provide hands-on
training that changes lives.
BRIDGING THE DIGITAL DIVIDEFOX Sports supported the Los Angeles Rams Foundation’s Annual Kickoff
for Charity luncheon with proceeds building a better Los Angeles throughthe team’s efforts in bridging the digital divide that is disproportionately
impacting under-resourced students in Los Angeles. This event celebrates
the start of the football season and the Rams’ community outreach
initiatives helping to fund partnerships with more than 75 local non-profitsand schools.
MAYOR GARCETTI’S LATINO COVID-19 VACCINATION CAMPAIGN
FOX’s year-long and ongoing campaign to promote public healthawareness and timely information about the pandemic continued withsupport for Los Angeles Mayor Eric Garcetti’s bilingual PSA campaign
to encourage vaccination uptake among Latino communities. FOX’s two
owned-and-operated stations in Los Angeles again answered the Mayor’s
call, airing the “Vacúnate Ya, Los Angeles” and “Get Vaccinated, L.A.“ PSAs
thousands of times.

18“MEDIA PARTNERS LIKE FOX 11, THROUGH THEIRGENUINE DEDICATION TO SERVING THE COMMUNITY,
ALLOWED US TO DELIVER CRUCIAL INFORMATION TO
ANGELENOS WHEN IT MATTERED THE MOST. THROUGHTHEIR SUPPORT, OUR BILINGUAL PSA CAMPAIGN‘GET VACCINATED, L.A.! / ¡VACÚNATE YA, L.A.!’
HAS REACHED THOUSANDS OF FAMILIES AND
BROADENED OUR MESSAGE. WE THANK THEM FOR
THEIR CONTINUED SUPPORT AND PARTNERSHIP.”“DOWNTOWN WOMEN’S CENTER ENDSHOMELESSNESS FOR WOMEN THROUGH
HOUSING, HEALTH & WELLNESS SERVICES
AND EMPLOYMENT. WITH THE SUPPORT OF
FOX, WE HAVE BEEN ABLE TO ENSURE THATOUR SOCIAL ENTERPRISE, MADE BY DWC,
AND OUR TRANSITIONAL WORK PROGRAM
HAS KEPT WOMEN EMPLOYED AND ON A PATH
OF PERSONAL STABILITY. WE ARE SO GRATEFULTO FOX STAFF FOR THEIR GENEROSITY AND
DEDICATION TO ENDING WOMEN’S HOMELESSNESS.”- Eric Garcetti, Mayor - Los Angeles- Amy Turk, CEO - Downtown Women’s Center

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BETTER TOGETHER
KTTV’s Good Day LA hosted its second annual “Better Together Food Drive”
in May 2021. The week-long food drive raised funds to support the donationof nearly 200,000 meals. Grace Resources, Los Angeles Regional Food Bank,
Second Harvest Food Bank, Food Share Ventura County and Feeding
America IE benefited from the initiative.
SOCIAL JUSTICE ON SCREEN
As part of its commitment to shining a light on social justice, KTTV,
the FOX-owned television station in Los Angeles, produced Rising Up,
a docuseries which captures Los Angeles’s social justice movement
throughout 2020 and early 2021. The five-part docuseries, which aired
during the month of May, weaved together more than 25 interviews
with activists, thought leaders, law enforcement officials, politicians,
journalists and protesters to tell the stories of the social justice movementin Los Angeles.

20“IT IS THE PEOPLE’S
VOICES HERE IN
LOS ANGELESWEAVING THEIROWN STORY.”- Peter Wilgoren, Executive Producer,
Rising Up, KTTV Assistant News Director

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NEIGHBORS HELPING NEIGHBORSOur thousands of Los Angeles-based employees donated to local charities
and FOX multiplied that financial support through our matching programfor all full-time employees. Among the charities we joined our employees
in supporting are: Asian American Journalists Association, Veteransin Media & Entertainment, WriteGirl, Reel Stories and Heal the Bay.
PLAY BALLSports, action and fun are in FOX’s DNA. The Company ensured youth in
Los Angeles could enjoy these activities with donations of sports andsummer camp supplies. FOX Sports-branded baseballs were gifted to 250
players at the Cheviot Hills Pony Baseball Association at their season closingday. Palms Park and Cheviot Hills Recreation Center campers were set forthe summer with FOX co-branded beach towels, bags and water bottles.

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LOS ANGELES HEROES:SERVING THOSE WHO SERVED OUR COUNTRY
FOX, in its current form as Fox Corporation and in previous corporate
formations, is a vocal and active advocate for the veteran and active-duty
military community. In addition to our work in Los Angeles with U.S. VETS,
our employees, our networks and our audiences rally to thank membersof our armed services.
Continuing our dedication to maximizing impact in our key areas of operation,much of our work on behalf of veterans is in the Los Angeles area.

U.S. VETS
Los Angeles-based U.S. VETS, our key partner for serving the brave men
and women who served our country, focuses on assisting homeless veteransand those in need of essential services. This year, FOX invested in supporting
veterans housed within U.S. VETS’ residential locations, including those inLong Beach, Inglewood and Inland Empire. These spaces allow veteransand their families to live a fulfilling, meaningful life with dignity.
In the spirit of leaving a positive and lasting impact within our communities,
FOX revitalized the career center at the U.S. VETS South Los Angeles facility.
Veterans at this location now have access to new computers, printers andmore, giving them tools necessary for resume writing, job applications,mock interviews and other professional needs.
FOX Forward funded holiday dinners for more than 600 veteran residentsof the U.S. VETS residential facility in Long Beach. FOX also provided holiday
gifts for veterans and their children within the U.S. VETS support program.

VETERANS IN MEDIA & ENTERTAINMENT
FOX joined other media industry leaders for the Los Angeles-based
Veterans in Media & Entertainment’s Annual Summit. The employmentfocused event connects veterans, active military in transition and militaryfamily members with hiring managers and other industry professionals.
Over 1,000 participants benefited from educational workshops, a speaker
series and one-on-one sessions that highlighted best practices forrecruitment, engagement, and increased accessibility to the media industry.

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WEST LOS ANGELES VETERANS AFFAIRS FACILITY
Being a member of the West Los Angeles community is a source of pridefor employees who work on the FOX Studio Lot; it is also a source of
responsibility to support and assist those who live and work around theStudio Lot. The food service workers on the Lot once again put their skills,
their time and their kindness to excellent use during Veterans Day.
FOX Food Services employees prepared more than 3,300 meals for veterans
struggling with food insecurity in West Los Angeles. Members of the West
Coast FOX VETS Employee Resource Group helped to deliver the meals to
the West Los Angeles Veterans Affairs Hospital.

LOS ANGELES CHAPTER OF THE AMERICAN RED CROSS
FOX works closely and often with the Los Angeles chapter of the American
Red Cross, devoting volunteer time and media time to both annual andurgent campaigns. We worked with the Red Cross Service to the Armed
Forces to supply comfort kits for homeless veterans at the West Los Angeles
Veterans Administration campus throughout the month of May. Veterans
were also honored at a special Military Appreciation Month event at theVeterans Administration providing much-needed food, comfort andrecognition.

“AS SERVICE MEMBERS AND VETERANS
TRANSITION FROM THE PANDEMIC BACK INTO
WORK, THE COMFORT ITEMS WE HAVE BEEN
ABLE TO PROVIDE HERE IN LOS ANGELESHAVE HELPED SAVE ON THEIR MONTHLY
EXPENSES. WHAT IS MOST INSPIRING IS THATFOX CORPORATION STEPPED IN TO ADDSUPPORT TO BOLSTER OUR HUMANITARIANEFFORTS AND HELPED MAKE THE IMPOSSIBLE
POSSIBLE. WE ARE GRATEFUL FOR THEIRCOMMITMENT TO OUR MISSION.”- Myra Valle, Service to the Armed Forces & International
Services Director - American Red Cross

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IN ACTION
Veterans day and Memorial day recognition
On Veterans Day and Memorial Day, FOX businesses and brands unite torecognize and honor veterans for their service. During these holidays andthroughout the year, FOX honors and expresses our deep appreciationfor our veterans, military service members and their families.
FOX NFL Sunday broadcast live from the Marine Corps Air Station Miramar in
San Diego. More than 11,000 troops participated in FOX Sports’ longstanding
tradition of broadcasting from a military installation in honor of Veterans Day.

©K.C. Alfred/San Diego Union-Tribune via ZUMA Wire

Additionally, FOX Sports supported Blue Star Families in New York City andChicago with donations of fitness equipment and athletic apparel. Familiesof active duty service members in the Fort Wadsworth Sector Housing on
Staten Island received play packs for their children to stay active at homein the wake of canceled sports activities. In Chicago, sports and fitness
equipment were donated to the military-impacted North Chicago School
District 187 for the families of 335 children lacking the necessary resources
to supplement virtual learning physical education classes.
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FOX News Media harnessed the power and reach of its multiple platforms
to support our nation’s veterans and military members. Through the Grateful
Nation and Proud American promotions, FOX News Media continued its
commitment to supporting the veteran and military community.
In honor of Memorial Day, the Grateful Nation initiative offered one-year
free access to the FOX Nation streaming service for all active United States
military members and veterans.
FOX Nation’s Veterans Day Promotion raised money for
The Independence Fund, which empowers and supports
our nation’s catastrophically wounded, injured or
ill veterans. For every FOX Nation subscription
order placed during a two-week period,
a $5 donation was made to
The Independence Fund.

FOX News’ Proud American
franchise supported the USO of
Metropolitan New York’s meal andmorale-boosting kit deliveries to service
members stationed at COVID-19 vaccination sites
during Fleet Week and Memorial Day.
FOX News Media also continued its support of the Navy
SEAL Foundation’s benefit dinner recognizing their
20 years of sustained combat since 9/11.
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GOOD ACROSS THE COMPANY
Our business units leverage their platforms, on-air personalities andresources to make a positive difference.
FOX SPORTS
FOX Sports’ long-running community impact program, FOX Sports Supports,
continues to combine the power of its brand with the greatest sports in theworld to give underserved youth and military heroes fighting chances to play,grow and be inspired.
In response to the impact the COVID-19 crisis is having on the youth sports
community, FOX Sports partnered with the non-profit Good Sports on its“Restore Play” initiative in the summer of 2020. As the official media partner,
FOX Sports delivered over $7 million of media value in support of the initiativeand contributed $316,000 worth of sports equipment. Restore Play achieved
its 12-month goal of delivering $15 million in brand-new sports equipment
to thousands of children and youth organizations across the country.

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As a long-time champion of Boys & Girls Clubs of America, FOX Sports
continued its support of the organization with donations of new sports
equipment to 29 local Clubs across the country, including locations in Alabama,
California, Colorado, Florida, Hawaii, Missouri and the District of Columbia.
The donations enabled the Clubs to keep their members active and engaged
in physical fitness during and beyond the pandemic, fulfilling the needs of
at-home or socially distanced play as well as the launch of new in-person
sports programming.
FOX Sports is dedicated to supporting our military heroes. From supplying
holiday meals to Veterans at the U.S. VETS location in Long Beach, CA, tocontributions to Purple Heart Homes in Charlotte, NC, and Merging Vets &Players and the Foundation for Women Warriors in Southern California, FOX
Sports Supports focuses on programs in the communities where its employees
live, work and play and furthers each organizations’ intended impact.

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FOX ENTERTAINMENTFOX Entertainment launched its #TVForAll social activation campaign tochampion diverse voices in entertainment and to celebrate contributions
made by actors, directors and creatives who represent different cultures
and who contributed to some of FOX Network’s most historic andgroundbreaking moments.

The Masked Singer joined organizations across the globe to support World
Mask Week during August of 2020. FOX’s #WearAMask PSA, featuring
The Masked Singer favorites, encouraged viewers to “Keep Your Mask On!”
The spots were shared through social media and aired on the Network andFOX affiliates across the U.S.

#TVForAll highlighted Women’s History Month, Asian American, Native
Hawaiian and Pacific Islander Heritage Month, Black History Month, Latinx
Heritage Month and Pride Month, among others. This unique campaign
creates a space for all voices to be heard and shared; earning more than
6 million impressions across social media since launching in June of 2020.

9-1-1 & 9-1-1: Lone Star partnered with Operation Gratitude to donate
funds for first responder care kits as members of our frontline communities
continued to face challenges due to COVID-19. PSAs featuring show talent
were created to promote Operation Gratitude’s mission to support ourveterans and first responders.
The cast of Duncanville conducted a special virtual table read benefiting
Feeding America. Streamed on FOX’s Animation Domination YouTube
Channel, the event was part of a digital campaign focused on storytellingthrough FOX talent, TV viewing and, most importantly, directing charitable
donations to get food and funds to local food banks across the U.S.

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FOX NEWS MEDIAFOX News Media harnesses the power and reach of its multiple platforms
to inform its audience and provide opportunities for viewers to give backto worthy organizations.
Through its annual Patriot Awards gala (held virtually in 2020), FOX
Nation donated $5 to Answer the Call for every new subscription orderedduring a week in November. Answer the Call provides financial assistanceand support to the families of New York City police and firefighters who
have died in the line of duty.
FOX News Media offered a free one-year subscription to its streaming
service FOX Nation for all active-duty military members and veterans.
The communications team of FOX News Media found a way to support
other worthy causes – donating to Feeding America over the holiday season
on behalf of the reporters with whom they work.
Also, in recognition of Black History Month, FOX News Media supported theUnited Negro College Fund.
FOX TELEVISION STATIONS
Our local FOX Television Stations not only bring the latest news, weather
and traffic, they truly connect with and support the communities they serve
across the country.
FOX6 Milwaukee’s year-round support of Fisher House Wisconsin provides
a place for veterans’ families to stay at no cost while a loved one is receiving
treatment at the Milwaukee VA Medical Center. The station also createdthe “Feed A Hero” program for viewers to buy meals for first responders
working at local hospitals, fire departments and police departments.

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In Minnesota, FOX9 aired “Home Teams vs. Hunger,” a week-long campaign
featuring content and appearances by Minnesota’s pro sports athletes,
coaches and executives, plus unique give-back opportunities and many
one-of-a-kind auction items up for bid. The nearly $50,000 in proceeds fromthe campaign supported Second Harvest Heartland and Minnesota’s five
additional Feeding America food banks, serving 110 counties in Minnesota
and Western Wisconsin.

OVER THE COURSE OF THIS YEAR,OUR 29 FOX TELEVISION STATIONSHAVE PROVIDED OVER 2,500 HOURS OF
PSAS AND OVER 23 MILLION DIGITAL
IMPRESSIONS TO SUPPORT HUNDREDSOF NON-PROFITS ACROSS THE U.S.

Q13 FOX in Seattle ran on-air and digital campaigns throughout theyear, including a school supply drive and telethon benefiting Treehouse,a non-profit that serves foster children across Seattle, giving students
access to school supplies and new clothes for the school year.
Fighting hunger, specifically childhood hunger, is the top community
service priority for FOX2 Detroit. The station worked with its local hunger
partner, Gleaners Community Food Bank, to raise $2.1 million throughfour telethon events. These funds were matched by local commercial
partners, bringing in a record-breaking total of $4.3 million to help feedfamilies in the Detroit area.

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A SHOT FOR OUR COMMUNITIESFox Corporation joined the Ad Council and COVID Collaborative to support
the “It’s Up To You” PSA Campaign to educate millions of Americans about
the safety and efficacy of the COVID-19 vaccines. Along with major brands,
media companies, community-based organizations, faith leaders and othertrusted messengers, FOX worked to share the message across all channels
with a focus on Black and Hispanic communities, who were particularly
impacted by the pandemic. FOX aired over 108 hours of vaccine PSAs acrossits networks.
Additionally, FOX leveraged our top-tier talent to create a series of PSAs
targeted to FOX audiences and communities disproportionately hard hit
by COVID-19.
FOX News’ Harris Faulkner, Steve Doocy, Dana Perino and John Roberts
asked Americans to “Keep Up The Fight”; the FOX Deportes team stressed“Si Todos Trabajamos En Equipo, Venceremos A Esta Enfermedad!”; Michael
Strahan and Erin Andrews shared the “COVID Hasn’t Got A Shot” message.
Stars from FOX’s 9-1-1, including Angela Bassett and Peter Krause,
encouraged audiences to “Beat COVID-19,” and Family Guy produced a“Stewie Reminds You to Get Vaccinated!” spot.
FOX Television Stations (FTS) hosted a series of nationwide town hallswith elected officials that also reinforced the importance of getting vaccinated.
The bipartisan “Pulse of the People” series enabled lawmakers to interact
with their local communities through candid conversations about getting
vaccines. Spanning eleven markets, the series is part of FTS’ strong andcontinued commitment to providing a platform for diverse voices andincreasing awareness around important issues facing our local communities.
In addition, FOX Soul, the streaming service focused on amplifying Blackvoices and encouraging diverse perspectives, hosted a roundtable discussion
with national leaders about issues affecting urban communities, including
vaccine uptake.

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OUR PEOPLE

Our nearly 9,000 employees are the creative, strategic and operational
engine of FOX’s success. We recognize and support our colleagues bypromoting diversity and inclusion, offering competitive compensation
and benefits, providing learning and development opportunities,
fostering workplace civility and respect, and conducting our work inalignment with human rights principles.
DIVERSITY AND INCLUSION
We believe that the more voices in the room and the more diverse theexperiences of our colleagues, the better FOX’s internal culture andexternal programming are. Our diversity enables us to be more reflectiveof the audiences we reach and enhances our ability to create news, sports
and entertainment programming that serves all viewers across the country.
A diverse and inclusive workplace is not merely a strategy or businessobjective—it is fundamentally woven in the fabric of the Company. This
commitment begins with our approach to talent recruitment across all our
disciplines and extends to the way we nurture our colleagues’ careers.
The Executive Vice President of Human Resources and Vice Presidentof Diversity and Inclusion monitor and oversee diversity initiatives and dataon an ongoing basis. Moreover, we have voluntarily posted on our corporatewebsite our 2020 Employment Information Report (EEO-1) showing therace/ethnicity and gender of our U.S. employees. We are proud of ourdiverse workforce. For example, by the end of 2020, our first/mid-level
officials and managers were approximately 41% female and 29.3%
non-White. Similarly, our employees categorized as professionals were
37.8% female and 33.8% non-White.

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We also partner with the Emma Bowen Foundation, the T. Howard
Foundation, the International Television and Radio Society, the Posse
Foundation and the Entertainment Industry College Outreach Program
to provide media internships for promising students.
FOX also collaborates with an array of professional organizations thatoffer the Company access to recruiting events and conventions.
These organizations include:
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FOX has several talent recruitment initiatives designed to optimize thecomposition of our workforce. We have a centralized recruitment team thatutilizes artificial intelligence to ensure our job postings are written optimally
to appeal to candidates broadly and on an equal basis. We post our job
listings internally and externally because we believe this is one of the best
tools to reach the widest and most diverse pool of candidates.
We offer paid internships to build a diverse pipeline of early-career
talent and emerging leaders. The FOX Internship Program offers students
an exciting opportunity to gain practical experience, participating inreal-world projects and seminars on the media industry, technology, andprofessional development. This internship program, which runs for 8-10
weeks three times per year, welcomed over 250 students in calendar year
2020 and was ranked number 44 on Vault’s 2021 “100 Best Internships” survey.

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Asian American Journalists Association (AAJA)
National Association of Black Journalists (NABJ)
National Association of Hispanic Journalists (NAHJ)
Native American Journalists Association (NAJA)
The Association of LGBTQ Journalists (NLGJA)ADCOLOR (Promoting the visibility and advancementof people of color in ad sales)

FOX developed and implemented several internal training programs
designed to provide individuals from underrepresented backgrounds withworkforce skills and professional development opportunities to further
their success and foster careers, including:• FOX News Multimedia Reporters Training Program:
Launched in 2011, it places talent from diverse backgrounds in
multimedia reporter roles across the country, where they shoot,report, edit and produce their own high-end content across
FOX News platforms. Through daily guidance and feedback frommanagement, we challenge and enable the annual program’s
participants to continually hone their journalistic skills.
• FOX News Leadership Development Program:This program equips diverse, high-potential talent with the tools
needed to build and propel a career with FOX. Program pillars
are mentorship, access and networking, skill-building anddevelopment, and exposure to the other FOX businesses.

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• FOX Television Stations Sales Training Program:This program was created to develop and mentor the next generationof diverse, motivated sales professionals for the FOX Television Stations.
Trainees participate in both intensive classroom study of all aspects ofthe television station advertising sales business and shadowing of FOX
Television Stations sales account executives.
FOX also facilitates Employee Resource Groups, which are formed aroundshared identity, interests or pursuits for the purpose of advancing careers,culture and community.

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FOX offers nine Employee Resource Groups:• ABLE -- promotes an inclusive environment and is committed tobreaking the stigma around seen and unseen disabilities and supporting
our FOX colleagues, and those affected by them, through education,
advocacy, and allyship.
• ACE (Asian Community Exchange) -- serves Asian Americans at FOX
by advancing our members, championing our stories and empowering
our communities.
• BLK+ -- celebrates our Black colleagues and seeks to build community
through programming and professional development while standing insolidarity with our allies.
• HOLA (Hispanic Organization for Leadership and Advancement) -develops Hispanic leaders, enriches FOX’s diverse culture and drives
positive impact.
• PRIDE -- cultivates community among FOX’s LGBTQ+ colleagues andallies, supports causes important to the LGBTQ+ community and fosters
a work environment where all colleagues feel 100% authentic andprofessionally supported.
• VETS -- is committed to the community of veterans, current service
members, military supporters and military spouses employed at FOX
by embracing our four core values – Community, Appreciation,
Connection & Education.
• WiT (Women in Tech) -- attracts, advances and empowers women
technologists and amplifies their impact at FOX.
• Women of FOX Sports -- connects, inspires, informs and gives backto the community, with the goal of furthering women’s collective
contributions and advancement within the sports industry.
• WOMEN@FOX -- is committed to developing female leadership at
all levels and fostering a culture where all women thrive.

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FOX is also proud to have been recognized by outside organizations for our
deep commitment to diversity and inclusion and our success in championing
various communities within our workforce. For example:• FOX received a 100% rating, the highest score, in the Human Rights
Campaign Foundation’s 2021 Corporate Equality Index (CEI) – ourthird consecutive year earning top marks. CEI is the Human Rights
Campaign Foundation’s annual scorecard assessing LGBTQ workplace
equality. The score gives FOX the distinction of “Best Places to Work
for LGBTQ Equality.”• DiversityComm also recognized FOX as a Top Employer and as a Top
LGBTQ+ Friendly Company from 2020 to 2021 and FOX News Media wasdesignated as a 2020 Great Place to Work-Certified™.
• Black EOE Journal, HISPANIC Network Magazine, Professional WOMAN’s
Magazine and U.S. Veterans Magazine, as well as the Disability Equality
Index, have all listed FOX as a 2021 top employer.
• The Company was appointed to the 2021 Military Friendly® Employer list.
• In 2019, the FOX Flight Team was named the first recipient of the Women
And Drones organization’s Piloting Innovation Award. In 2020, FOX joinedwith Women And Drones to sponsor the 2020 FOX Piloting Innovation
Award, which provides visibility to women in the drone industry.
Finally, we understand that diversity and inclusion should influence the way
we purchase goods and services. We are a member of the National Minority
Supplier Development Council, and we invite minority business enterprises
to engage with us and be part of our vendor base. Our goal is to identify
and grow a diverse supplier community that provides us best-in-class goods
and services. We engage employees, suppliers, partners and stakeholders
through education, training, interaction and leadership initiatives that
foster an inclusive culture and environment. We also seek to build business
opportunities and lasting relationships with companies owned and operated
by women, veterans, people with disabilities and LGBTQ individuals.

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FOX CELEBRATES DIVERSITY AND FOSTERS INCLUSIVENESS
FOX strives to recognize, honor and support our employees of all
backgrounds through philanthropic opportunities, special programmingand engagement activities throughout the year.
BLACK HISTORY MONTH
FOX curated special programming focused on the theme of Black Futures
Month, which honors the past while shaping the future. Through thisinformative and interactive series, FOX presented financial, mental healthand virtual mentoring sessions, as well as a panel discussion with Black
executives from across our businesses.
Additionally, FOX Sports Inclusion Council hosted a virtual event entitled“Why My HBCU Made Me Great,” which featured FOX Sports executives
and talent detailing their decisions to attend Historically Black Collegesand Universities and explaining how their school experiences set the stage
for successful careers.
WOMEN’S HISTORY MONTH
In addition to supporting the Downtown Women’s Center monetarily
during the month of March, FOX also hosted a virtual seminar with theorganization’s CEO to discuss the work the Center does to support womenexperiencing homelessness in the Los Angeles area.
MENTAL HEALTH AWARENESS MONTH
Through a financial grant, FOX supported the National Alliance on Mental
Illness’s (NAMI) mission to help families and individuals affected by mental
illness build better lives through education, support and advocacy.
Additionally, FOX double matched employee donations to NAMI, American
Foundation for Suicide Prevention, Paws of War and the Headstrong
Project during the month of May.

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FOX also presented two powerful employee webinars about mental health.
The webinars featured “Breaking the Stigma: A Fireside Chat with FOX Sports
and NFL Insider Jay Glazer” and FOX News Media contributor and veteran
Joey Jones who focused on breaking the stigma around mental health.
Additionally, the Company hosted “Riding The Tiger: A Roundtable
Discussion About Bipolar Disorder,” a dynamic roundtable conversation
with experts from the University of Michigan to discuss the implicationsof bipolar disorder. These candid conversations about the effects of anxiety
and depression opened the doors for colleagues to speak freely on issues
that are often hidden and emphasized the importance of treating each otherwith grace and empathy.
ASIAN AMERICAN, NATIVE HAWAIIAN AND
PACIFIC ISLANDER (AANHPI) HERITAGE MONTH
During an especially difficult year marked by a wave of hate and violenceagainst people of Asian descent, FOX created safe spaces for employees
to connect and support each other.
“Owning the Punchline: An AANHPI Comedy Roundtable,” which featured
comedic talent discussing the funny (and not-so-funny) moments of the
AANHPI experience, was appreciated by employees. The session also
included a cross-studio mixer connecting AANHPI employee groups fromacross the entertainment industry.
In addition to offering employees double matching opportunities to charities
that support the Asian American, Native Hawaiian and Pacific Islander
communities, FOX celebrated the richness of experiences across the AANHPI
community.
PRIDE MONTH
In recognition of the five-year anniversary of the Pulse Night Club shooting,
FOX Pride honored those affected through support of the onePulse Foundation.

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FOX also raised awareness and demonstrated support for organizations
working on behalf of the LGBTQ community including: the Ali Forney Center,
Los Angeles LGBT Center, GLAAD and GLSEN.
HISPANIC HERITAGE MONTH
FOX held a series of panels including “Power of the Latino Vote,” anempowering and insightful discussion about the growing influenceof Latino voters.
Additionally, employee donations to the Hispanic Scholarship Fund,
Los Angeles Regional Food Bank and Food Bank For New York City weredouble matched, increasing FOX’s support of local Hispanic communities
across the country.
NATIONAL VETERANS AND MILITARY FAMILIES MONTH
As part of FOX’s Veterans Day initiatives, FOX Food
Services prepared over 3,300 meals for Veterans andVeterans Affairs staff to be delivered by FOX colleagues
to the Los Angeles Veterans Affairs campus.
And in Arizona, FOX team members joined St. Mary’s
Food Bank and the Arizona Coalition for Military Families
to deliver food and supplies to at-risk veterans and theirfamilies.
Through employee donations and corporate double
matching, FOX colleagues gave more than $100,000
to various veterans’ service organizations including:
U.S. VETS, Blue Star Families, Operation Gratitude,
Veterans in Media & Entertainment, Volunteers of America,
Paws of War and the Foundation for Women Warriors.

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COMPENSATION AND BENEFITS
We are proud to invest in our people through competitive pay and benefits,
as well as flexibility and support to balance work and personal demands.
FOX operates with an ownership mentality, which is intended to encourage
our entrepreneurial spirit and collegial approach, providing our employeeswith an environment where they can take creative risks and fulfill their own
professional goals. All full-time employees who were with FOX when we
became a standalone publicly traded company in March 2019 received anequity award grant. That award vested in December 2020, with over 6,000
employees receiving shares of FOX’s common stock.
Providing equal pay for equal work, without regard to gender or otherprotected characteristics, is an imperative at FOX. We link our more senior
employees’ pay to corporate performance through discretionary annual
incentive compensation awards. To acknowledge their tremendous
contributions throughout the challenges of fiscal 2021, we increased
eligible employees’ discretionary annual incentive compensation awards
for fiscal 2021. We also paid a special, one-time cash bonus to all other
employees who worked with us throughout fiscal 2021, including unionand freelance employees who worked the equivalent of full-time.
We also provide generous benefits that support our employees’ health,wellness and financial stability. Full-time employees are eligible for medical,
dental and vision insurance, with access to telemedicine and pharmacy
benefits. Freelance employees who work a minimum number of hours arealso eligible for a medical plan. In addition, eligible employees may participate
in flexible spending accounts, health savings accounts and qualified
transportation expense accounts. We also provide employees with a healthadvocate service, with experts who support employees and their eligible family
members in navigating a wide range of health and insurance-related issues.
To provide additional support during the pandemic, we are also paying
full-time employees’ medical insurance premiums from March 2020 throughDecember 2021.

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Additional benefits that FOX provides to full-time employees include:
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paid company holidays
paid floating holidays
paid vacation
paid sick and safe timelife insurance
full salary replacement for up to 26 weeks of short-term disability
a 401(k) savings plan with a generous company match and contribution
educational reimbursement
charitable gift matchingan employee assistance program

FOX also offers employees group discounts in various voluntary benefits
such as critical illness insurance, group universal life insurance, auto andhome insurance, legal insurance, pet insurance, long-term disability
insurance and student loan refinancing.
We believe offering our employees the tools necessary for a healthy
work-life balance empowers them to thrive in our modern workforce.
To that end (before, during and after the COVID-19 outbreak), FOX
allows eligible individuals the opportunity to work remotely in appropriate
circumstances. Our parental leave policy allows eligible new parents
to bond with their children for a substantial period with full pay, and our
workplaces have lactation rooms for our new mothers. We also offer
backup child, adult, and elder care benefits to help full-time employees withback-to-school transitions and caregiving support while managing remote
work and virtual learning. For calendar years 2020 and 2021, we doubled
the number of days, from 20 to 40, that employees could use the service forchild, adult or elder care and waived employees’ co-pays from September
2020 through December 2020 so they could use the backup care benefits at
no cost. We also allowed employees to use their backup care benefits
for virtual tutoring.

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LEARNING AND DEVELOPMENT
Our learning and development programs help employees reach their fullpotential in a rapidly changing world. We create opportunities for our leaders
to grow and develop as managers, to share information about all parts of thebusiness, and to increase individual and team effectiveness. Our approach tolearning and development includes:• Management and Leadership Development. FOX offers programs toprepare employees for critical manager roles. Programs were originallydeveloped for in-person delivery but have been converted to virtual andhybrid models to help leaders continue to develop even while working
remotely. Examples include:◦ Premiere Management Development Program. This leadershipdevelopment experience is designed to help new managers develop
as frontline leaders. In 2020, 77 FOX leaders completed the program.
◦ True North Leadership Development Experience. This leadershipprogram is targeted toward more senior leaders and empowers
executives to grow as leaders, strategists and visionaries for theirteam. The program was launched in 2020, with 19 FOX leaders
completing the initial round of the program.
◦ FOX Sports Professional Development Program. This program
prepares production team leaders with skills for the unique sports
production environment, such as communication and influencein the control room under short deadlines. In 2020, 62 FOX leaders
completed the program.
• eLearning. We offer online, on-demand training courses to FOX
employees, including:◦ LinkedIn Learning: Library of thousands of video courses covering
everything from 3D animation to Microsoft Office suite. In 2020, 5,756
users logged in to view nearly 9,000 hours of educational content
across several thousand courses.

48◦ Harvard ManageMentor: Provides FOX employees with expert advice
and content from world-renowned business leaders to build businessand leadership skills. During 2020, approximately 1,065 newly
registered users made 4,256 visits to the platform.
◦ Learning Paths: Curated lists of online courses available to help FOX
employees pursue specific development goals.
• Live Webinars. We connect subject matter experts to build employee
skills and awareness.
• Navigating the Pandemic. FOX developed a suite of workshops to equip
employees with the skills required to be productive and successful whilenavigating the ambiguity surrounding the COVID-19 pandemic, including
Managing Remotely, Leading Remote Meetings and Leading in Uncertainty.
• Assessments. FOX offers assessment tools (e.g., DISC, Birkman,
MBTI, 360 Leadership Assessments) to help employees develop greater
self-awareness and gain insight into their performance anddecision-making processes.
• MentorMatch. FOX pairs employees and senior leaders across theorganization to build meaningful professional relationships. In 2020,
over 400 mentees were paired with over 200 volunteer mentors in thissix-month program.
• Performance Assessments. All managers are encouraged to perform
annual performance reviews with employees, with an eye toward
career development, progression and succession planning.
• Within FOX News Media and FOX Television Stations, we deliver
specialized training on the First Amendment, defamation, privacy,
infringement and other newsgathering and reporting topics to educate
newsroom and creative employees on these principles and provide
advice on best practices.

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FOSTERING CIVILITY AND RESPECT IN THE WORKPLACE
Our commitment to creating and maintaining an environment free of
discrimination and harassment begins at the highest leadership level of theCompany and is embedded throughout the policies and practices at FOX.
The FOX Standards of Business Conduct and the Preventing Harassment,
Discrimination and Retaliation Policy, which are posted on our website,
create our framework for addressing complaints and taking remedial
measures as needed.
Our Standards of Business Conduct expressly state that FOX endeavors
to ensure that the workplace “is free of bullying and harassment, whether
the harassment is sexual in nature, or is based on an employee’s sex, race,
religion, disability or any other characteristic protected by applicable law.”
It makes clear that it is our policy to “investigate promptly and thoroughly
any FOX colleague complaint of discrimination or harassment, and to takeremedial measures, if FOX determines that there has been a violationof FOX’s policy against such conduct.”
We are also committed to maintaining a workplace that treats all employeeswith dignity and respect, and is free from all forms of harassment,
discrimination and retaliation. Our Preventing Harassment, Discrimination
and Retaliation Policy protects individuals on the basis of a person’s
actual or perceived race, religious creed, color, national origin, ancestry,citizenship, age, physical disability, mental disability, medical condition,
genetic information, marital status, family status, caregiver status, sex(including pregnancy status, childbirth, breastfeeding, and related medical
conditions), gender, gender identity, gender expression, sexual orientation,
sexual and reproductive health decisions, reproductive health decision
making, hair texture or hairstyles, military or veteran status, politicalaffiliation, arrest or conviction record, union membership, unemployment
status, credit history, status as a victim of domestic violence, stalking, or
sexual offenses, or any other legally protected characteristic.

Any employee or applicant who believes they have experienced or witnessedharassment, discrimination or retaliation, including as a bystander, must
immediately report it to a manager in the Company’s Human Resources
Department or to one of several alternative reporting channels, including
the confidential, third-party managed Alertline1. Members of management
who learn of harassing, discriminatory or retaliatory conduct from any
source are required to report it immediately.
Reported concerns are investigated, and if FOX determines that a violationof this policy has occurred, we will take appropriate remedial action.
These reports and investigations are evaluated by the most senior
members of FOX’s management team. The Chief Legal and Policy Officer
must approve any settlement related to a violation of the FOX Standardsof Business Conduct as well as claims related to sexual harassment or otherforms of discrimination. Further, the Audit Committee of the Board of
Directors is informed of all matters that require the Chief Legal and Policy
Officer’s approval.
The Board also adopted a clawback policy, whereby the Compensation
Committee has sole discretion to require reimbursement of all or any portionof any performance-based compensation or discretionary bonus paid toany executive for the period when the executive engaged in harassment,
discrimination and/or retaliation, including the failure to respond toallegations or complaints of such behaviors.
All new hires must complete training on the Preventing Harassment,
Discrimination and Retaliation Policy, as well as compliance and businessethics, and existing employees must complete the training periodically.
FOX is committed to equal employment opportunity for all employees
and applicants for employment. FOX complies with and exceeds theInternational Labour Organization’s (ILO) conventions for eliminating
discrimination in respect of employment and occupation.

The results of investigations into Alertline submissions are reported to senior management and the Audit Committee of
the Board of Directors.

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WORKPLACE PROFESSIONALISM AND INCLUSION COUNCIL
Comprising experts in workplace and inclusion matters, with a majority
serving from outside the Company, the Workplace Professionalism andInclusion Council advises FOX News Media and its senior management in
its ongoing efforts to ensure a proper workplace environment for all
employees and guests, strengthen reporting practices for wrongdoing,enhance HR training on workplace behavior, and further recruitment
and advancement of women and minorities. The Council meets with andprovides written reports to FOX’s Board of Directors and its Nominating
and Corporate Governance Committee. All available council reports canbe found on our website.

Across FOX Entertainment, FOX Sports, FOX Television Stations and the FOX
Studio Lot, we are a party to approximately 75 separate collective bargaining
agreements that cover thousands of staff and freelance employees.

FREEDOM OF ASSOCIATION
FOX has always been and will continue to be unequivocally committed toour employees and their right to freely associate with any third party.
Indeed, our Preventing Harassment, Discrimination and Retaliation Policy
forbids discrimination on the basis of political affiliation or union membership.
We firmly adhere to the National Labor Relations Act (NLRA). The NLRA andthe subsequent Taft-Hartley Amendments protect rights of employees andemployers in the private sector. The foundation of the NLRA includes theemployees’ right to participate in protected, concerted activities, discuss
working conditions openly, and the choice to be or not to be associated and/or represented by a third-party representative without fear of discrimination
or retaliation.

Taken collectively, FOX’s workplace policies and practices—including
nondiscrimination, prohibitions against forced and child labor, freedomof association and the right to engage in collective bargaining—are alignedwith the principles of the International Labour Organization’s (ILO)
Declaration on Fundamental Principles and Rights at Work and the
UN Universal Declaration of Human Rights.

PROTECTING HUMAN RIGHTS
FOX is committed to operating in a manner that respects, protects andpromotes human rights worldwide. This commitment includes respecting
the dignity and worth of all individuals, encouraging all individuals to reach
their full potential, encouraging the initiative of each employee and providing
equal employment opportunity to all employees. These key principles areembodied in FOX’s Human Rights Statement.

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OUR WORLD

Across all our businesses, we are committed to operating
efficiently and reducing environmental risks associatedwith our operations. Based on our operating footprint, wehave identified the following priority areas for environmental
risk management:• Building and production management – we own and lease various
properties in the U.S. (including the FOX Studio Lot in Los Angeles)
that use energy and water and generate related greenhouse gas
emissions and waste.
• Business continuity – we believe our main climate risk is related tobusiness continuity in the event of more extreme weather events.
• Supply chain – we require our suppliers to manage relevant
environmental risks.
We have taken specific action as part of our strategy to mitigate
environmental risks, including those related to climate change:• Develop and implement a comprehensive Environmental, Healthand Safety (EHS) program• Track energy and greenhouse gas emissions data in order to reduce
consumption• Invest in resource efficiency and clean energy initiatives• Develop a comprehensive business continuity plan
• Develop and implement a supplier management policy

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NEW FACILITIES INCLUDE A FOCUS ON ENERGY AND THE ENVIRONMENTFOX TECHNOLOGY CENTER IN TEMPE, AZ
The FOX Technology Center (FTC), a critical cornerstone of our investment
in technology capabilities, became operational in February 2021. FTC,
which serves as the streaming and technology hub for FOX, was designedwith sustainability in mind, including biomass, hydropower, geothermal,
solar, and wind energy sources. FOX partnered with the Arizona State
University Research Park, local communities, the Salt River Project, and alocal commercial power service provider to reach our sustainable goals.

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This approach fostered an ability to “design-in” next generation sustainablebuilding technologies, including:• Thermoplastic Polyolefin, or “cool roof” technology that significantly
reduces energy demands• High efficiency building and landscaping water systems that reduce ourwater consumption by over one million gallons per year
• LED lighting, occupancy sensors to ensure energy usage only whenneeded, and lighting controls and ambient dimmers to adjust to naturallighting• Efficient, closed-loop HVAC systems• Four EV charging stations installed with eight ports for employees andguests• Interior wall, tile, and acoustical material composed of 40-70%
pre-consumed recyclable content
Our local partnerships, design and construction approaches, and choice ofefficient technologies have reduced our traditional, operational power needsby over 25% to date.

As part of our ongoing efforts to identify and evaluate steps that havepositive impact and advance our strategy to mitigate environmental risks,
we have formalized a number of Environmental, Health and Safety
initiatives identified in 2019.
During 2020, we:• Completed the first carbon footprint for Fox Corporation, which will
establish FY20 as a baseline for future reduction targets.
• Provided additional transparency into our activities and best practicecertifications. We retained a consultant to assist with our ISO 14001
Certification, demonstrating that we meet the expectations of our
stakeholders with respect to resource, waste and energy management.
We expect to begin a gap assessment in FY22.
• Focused on additional solutions for more environmentally soundsourcing: adding biodegradable straws at our Studio Lot that are durable
and reusable as well as compostable; providing Heart Water bottles at
our Studio Lot that are made of aluminum which is infinitely recyclable;
and increasing the number of eco-friendly products in the Studio Store.

FOX TELEVISION STATION IN WASHINGTON, D.C.
FOX5, our station serving the nation’s capital and surrounding areas,
debuted a new state-of-the-art studio in the summer of 2021.
The complex was selected with its environmentally friendly aspects
in mind, meeting LEED Gold Certification standards and featuring
10 electric vehicle charging stations. In addition,
the building utilizes energy efficient technologies
to reduce energy waste.

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ENGAGING OUR EMPLOYEES ON THE ENVIRONMENT
FOX seeks to promote employee awareness and encourage their active
participation in sustainability efforts.
In recognition of Earth Month, FOX partnered with five New Jersey publicschools to revitalize their green spaces. Trees, plants and flowers wereadded to existing campus gardens and newly created greenways. The
initiative also served as an opportunity for students to learn about thebenefits of open spaces and their importance in an urban environment.
With FOX’s support, the Jersey City Public Schools system is continuing
its efforts to become more sustainable in metropolitan areas.

•
•
•
•
•

Frank R. Conwell Middle School
Whitney M. Young, Jr. Community School
Dr. Maya Angelou Elementary
Nicolaus Copernicus School
Alfred Zampella School

In April, we also partnered with One Tree Planted to support global
reforestation initiatives helping to protect biodiversity and createa healthier climate. These Earth Day 2021 events focused on raisingawareness of the role of honeybees in supporting biodiversity and ourfood supply by introducing beehives at our headquarters.

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ENVIRONMENTAL, HEALTH AND SAFETY (EHS) PROGRAM
Environmental management at FOX is guided by our enterprise-wide
EHS Policy and EHS Management System.
The ultimate responsibility and authority for establishing and maintaining
effective EHS programs rests with our Executive Chairman and Chief
Executive Officer, as confirmed in the policy, whose responsibilities include
the following:• Issue the organization’s EHS Policy, setting the example for FOX’s culture• Assume overall responsibility for implementing the EHS Policy at all
FOX facilities• Assess information provided during periodic EHS management reviews,
and direct actions to continually improve the EHS management program
and reduce risk in the workplace
Day-to-day management of environmental issues is overseen by our
President of Operations and Distribution and implemented by our dedicatedEnvironmental, Health and Safety team.

RESOURCE EFFICIENCY AND EMISSIONSOur EHS team tracks the energy and fuel used in the course of our business,develops new methods to improve energy efficiency, and creates campaigns
to engage employees, audiences, vendors and industry partners on
environmental issues.
Ongoing initiatives to reduce energy consumption and related greenhousegas emissions include:• Constructing new buildings to LEED certified standards• Installing high-efficiency LED lights on production stages• Adding occupancy/motion switches in common areas andselected offices• Replacing older HVAC systems with more efficient units• Purchasing fuel efficient vehicles for news teams• Offering and managing commuter programs, including a Qualified
Transportation Expense benefit that encourages employees tocommute via mass transit
CLEANER SOURCES OF ENERGY USAGE
In addition to reducing overall energy consumption, we are pursuingcleaner sources for the energy we do use. Current efforts include:• Utilization of alternative fuel and power on remote broadcasts to
reduce dependence on diesel generators• Migration of equipment to rechargeable batteries• Investments in solar power generation capacity• Installation of 44 chargers with 52 charging ports available for
employee and visitor use at the FOX Studio Lot

FY2020CLEAN ENERGY
GENERATIONLOCATION

ENERGY SOURCECONSUMPTION(MWH)

EMISSIONS AVOIDED(MT CO2E)

FOX Studio Lot

Onsite Solar

1,918

434

KTVU / KICU
Television Station

Natural Gas
Fuel Cell

7,248

341

• Implementing Environmental and Energy Management (EEM)
software to manage energy and GHG emissions across the Company’s
portfolio of facilities

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We will continue to build on these efforts and look for further carbon
reduction opportunities by:• Planning to develop companywide carbon reduction goals• Establishing a process to collect energy and emission-related datafrom in-house productions• Developing tools to track projects that reduce our environmental impact• Expanding organic waste infrastructure at the FOX Studio Lot• Further developing cloud-based solutions to better track and manage
environmental data
• Conducting energy audits and life-cycle assessments• Engaging expert consultants and industry partners for our sports andentertainment-related production to advise and pilot new technologies,
processes and vendors to help move towards the achievement ofemissions reduction goals• Soliciting ideas for operational improvements from local managers• Promoting best practices and awareness-raising initiatives

DIVISION
FOX Corporate

FY2020ENERGY USE AND
CARBON EMISSIONSCONSUMPTION TYPE

FOX Entertainment

AMOUNT

MT CO2E

Scope 1 Building
Energy Use (MWh)25,589

Scope 1 Fuel Consumption (gal)1,280,357

12,071

Scope 1 Refrigerant Usage (kg)

237

215

4,286
FOX Sports

Scope 1 Total

16,572

Scope 2 Electricity
consumption (MWh)144,374

49,273

Scope 3 Business Air Travel(passenger miles)

68,574,824

10,615Total

FOX News Media

76,460FOX Studio Lot

FOX Television Stations

CONSUMPTION TYPEAMOUNT

MT CO2E

Business Air Travel(passenger miles)
Energy Consumption(MWh)Fuel Consumption (gal)Business Air Travel(passenger miles)
Energy Consumption(MWh)Business Air Travel(passenger miles)
Energy Consumption(MWh)Fuel Consumption (gal)Business Air Travel(passenger miles)
Energy Consumption(MWh)Fuel Consumption (gal)Business Air Travel(passenger miles)
Energy Consumption(MWh)Fuel Consumption (gal)
Refrigerant Usage (kg)Business Air Travel(passenger miles)
Energy Consumption(MWh)Fuel Consumption (gal)
Refrigerant Usage (kg)

11,507,519

1,849

9,536

2,239

633,8576,201

2,836,391

454

896

239

11,525,570

1,797

14,7494,139

74,109668

39,077,501

5,955

10,0083,330

10,160104

64,75511

32,807

6,756

15,367159

134
71

3,563,088

549

101,967

36,857546,863
78

4,965
144

TOTAL

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WASTE MANAGEMENT
Our largest location for solid waste is the FOX Studio Lot. We have
implemented a number of waste management initiatives, helping toachieve our 2020 diversion rate of 38% and a decrease in total waste
by 24% from 2019.
Waste management investments at the FOX Studio Lot include:• Development and implementation of a single stream recycling system.
All glass, plastics and paper are collected together rather thanseparately, allowing for increased participation among employees.
• Continuing donation of unserved prepared food. FOX donated over 3.2
tons of food to local food banks and non-profit organizations in 2020.
• Food waste composting program. FOX was among the first studios tolaunch such a program. In 2020, the Studio Lot sent 105 tons of foodwaste from kitchens, cafeterias and restaurants on the Studio Lot forcompost, as well as an additional 9 tons of yard waste.
• Donation programs. Donations of an assortment of lumber, construction
equipment, clothing, office supplies and furniture—a total of 34 tons—were
provided to local organizations in 2020, decreasing the amount of waste
diverted to landfills.
• Use of eco-friendly materials in food outlets. These materials include:
cups and lids that are either compostable or made from post-consumer
recycled material; fiber-based trays, plates and bowls; paper straws;
and bio-based utensils.

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DONATIONS FROM THE FOX STUDIO LOT TO NEIGHBORS IN NEED
Office supplies, construction materials and home furnishings are necessary
materials for the corporate functions and entertainment productions thatcall the FOX Studio Lot home. When FOX has unneeded or gently used items,
including drills and table saws, clothing, sofas, refrigerators and plywood,
we donate them to charities around Los Angeles. This year, FOX donatedmore than 21,000 pounds of these items to Habitat for Humanity andUnion Rescue Mission. New life is infused into these items when they
are repurposed to help people who need and use them.

WATER CONSERVATIONAt the FOX Studio Lot, we have replaced more than 13,000 square feet oflawn with artificial turf, eliminating the need for regular irrigation of theseareas and saving more than 6,000 gallons of water per year. A computerized
irrigation system allocates water based on the amount of recent rainfall, thetype of plant and how long each plant has been in place. This system saves
an estimated 1.5 million gallons of water each year.

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INDUSTRY COLLABORATION
Environmental Media Association
In February 2021, FOX joined the Environmental Media Association (EMA),a charitable organization composed of a diverse subsection of entertainment
industry influencers, business entrepreneurs and green icons dedicatedto the mission of promoting environmental progress. Initiatives include the
EMA School Garden Program providing nationwide education for children
on the value of organic/sustainable farming and healthy eating.
Sustainable Production Alliance
FOX is a member of the Sustainable Production Alliance (SPA),
a collaboration among the major studios housed under the Producers
Guild of America (PGA) as part of the PGA Green program.
The goal of the alliance is to find tools and solutions to minimize theenvironmental impact of the entertainment industry, as well as provide
leadership in sustainability that all stakeholders in the industry can follow.
Other members include Sony, NBCUniversal, Disney, WarnerMedia, Netflix,
Amazon Studios, Amblin Partners, ViacomCBS and Participant Media.
SUPPLY CHAIN MANAGEMENT
As confirmed in our Supplier Management Policy, Doing Business with FOX,
our suppliers must have a documented environmental policy that includes
a commitment to comply with relevant environmental laws and regulations
and to continual improvement and pollution prevention.

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OUR PRACTICES

Our audiences expect great content from brands they can trust andcompanies they can believe in. This requires us to be principled, transparent,
respectful, and fair to each other and to our business partners, customers
and other stakeholders. We are proud of the way we conduct our businessand the ethical principles we follow.

OUR POLICIES
We insist that everyone working for and with FOX will always act withintegrity. That standard is set forth in the comprehensive policies and codesthat govern our ethical conduct and responsible behavior.
• Statement of Corporate Governance sets forth the Company’s corporate
governance guidelines and practices, and ensures the Company isgoverned in a manner that serves the interests of our shareholders,colleagues and other stakeholders.
• Standards of Business Conduct outlines our principles regarding fair,ethical and honest business dealings, full and fair disclosure, andcompliance with applicable laws, and confirms the expected standardof behavior governing all FOX employees and businesses.
• Global Anti-Bribery and Anti-Corruption Policy confirms our commitment
to never engage in, tolerate or condone bribery, corruption or similar
conduct. This policy applies globally to every director, officer andemployee of FOX and its majority-owned subsidiaries and divisions, aswell as to third parties acting on behalf of FOX and its subsidiaries.
• Political Activities Policy establishes standards for employees to ensurecompliance with gift, lobbying and political contribution laws, and any
additional, more restrictive requirements required by FOX.

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FOX’s Chief Ethics and Compliance Officer leads the Company’s ethics andcompliance program and assists the Board of Directors in fulfilling its
oversight duties concerning compliance with applicable laws, regulations
and accounting standards, and the dissemination of true and accurate
information. On behalf of senior management, the Chief Ethics andCompliance Officer ensures processes are fully embedded in the business.
The Chief Ethics and Compliance Officer works with liaisons in each business
unit to coordinate compliance policies and controls and related ongoing risk
assessments.
RISK ASSESSMENT
We undertake various risk assessments as part of our efforts to ensurecompliance with our Standards of Business Conduct and Global Anti-Bribery
and Anti-Corruption Policy. These include:

ETHICS AND COMPLIANCE PROGRAM OVERSIGHTOVERSIGHT
The Audit Committee of the Board of Directors has responsibility
for the content and operation of FOX’s business ethics andcompliance program including anti-bribery and corruption programs.
The Chief Ethics and Compliance Officer reports to senior management
and to the Audit Committee about existing compliance programs andproposed new initiatives.
The Company adopted several operational compliance policies and programs,
including an Anti-Bribery and Anti-Corruption Policy, an Insider Trading andConfidentiality Policy, a Political Activities Policy, and a Global Sanctions,
Anti-Boycott, and Import/Export Policy.

70• All compliance-sensitive vendors are identified and escalated to the Chief
Ethics and Compliance Officer for risk assessment and review before
being approved. We utilize both subjective assessments and screeningof all vendors embedded in the intake process for our Accounts
Payable/Vendor Management system.
• Through periodic compliance risk assessments, FOX identifies andassesses operations that present the greatest ethics and compliance risk
and prioritizes resources to address those risk areas.
• Financial transactions involving government-related parties must
be reviewed and approved by, among others, the Chief Ethics andCompliance Officer.
• The FOX Corporate Audit group periodically reviews the completenessand reliability of this practice. In addition, business units that conduct
operations in jurisdictions with known levels of perceived corruption, orin other situations where the potential for corruption may present itself,
meet prospectively with our Compliance team to assess potential risks
and formulate risk reduction and remediation strategies.

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THIRD PARTIES
We require that consultants, agents and other third parties acting on
behalf of FOX adhere to the principles contained in our Anti-Bribery andAnti-Corruption Policy.
We ensure that all payments to third parties are recorded accurately anddocumented appropriately.
TRAINING
All FOX employees must read our Standards of Business Conduct and Global
Anti-Bribery and Anti-Corruption Policy and acknowledge that they havedone so. In the coming year, this process will include annual training about
our Standards of Business Conduct.
All new employees are required to complete an online training module
focused on anti-bribery and anti-corruption as part of the onboarding
process, and existing employees are also required to complete this training
periodically.

REPORTING CONCERNSThe Standards of Business Conduct and Employee Handbook bothinclude information about how ethics concerns can be raised. Employees
can approach a manager in Human Resources or an attorney in the Legal
Department, in any FOX business unit.
The Chief Ethics and Compliance Officer and designated compliance orlegal liaison in each respective business unit are also available to serve as
additional resources.
Any stakeholder (including employees, suppliers, customers and otherthird parties) can also use the FOX Alertline. Alertline supports anonymous
reporting of concerns either through a dedicated, domestic/international
toll-free telephone number available 24 hours a day, 365 days a year,or through a secure website.
Translation services are available through Alertline. Reports are treatedconfidentially. Alertline (both online and telephonic) is maintained bya third-party provider. The system generates an auditable log of all concernsthat are received through that system. A summary of the complaint is
distributed by the system to the Chief Ethics and Compliance Officer as well
as senior members of the Audit, Legal and HR teams, who decide whatfurther action may be necessary.
On a quarterly basis, the Senior Vice President of Corporate Audit reports
on whistleblower complaints to FOX senior management and to the Audit
Committee of the Board of Directors.
The Chief Ethics and Compliance Officer also plays a role in the resolution ofcomplaints, where warranted. In addition, there may be certain circumstances
when a colleague or anyone with an ethics or compliance concern believes
that they cannot communicate that concern through regular channels. In sucha situation, that person may communicate directly with the Lead Directorof FOX’s Board, by addressing a letter to the attention of Lead Director,
Fox Corporation, 1211 Avenue of the Americas, New York, NY 10036.

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INTEGRITY IN SPORTS BETTINGFOX Sports is synonymous with the best live sports events in the
country. Through our stake in FOX Bet, the Company is committed to
expanding sports fans’ experience responsibly and ethically. At all times,
gaming and broadcast integrity are at the forefront.
At FOX, we never exploit our positions for personal gain—in gaming,
broadcasting, or otherwise. Our Standards of Business Conduct demonstrate
our fidelity to our focus on acting ethically and refraining from self-dealing.
• As one of the world’s leading sports broadcasters, FOX employees maylearn information about sporting events and athletes before it becomes
known to the public. FOX journalists and broadcast personnel may obtainand share such information with public audiences, of course.
• FOX employees should never use access to non-public information totheir personal advantage in sports betting or similar activities. They
are prohibited from using any confidential or advance information for
personal gain, including using it to their advantage in betting on
sporting events or engaging in other forms of gambling.
• Not only are FOX employees required to refrain from improperly
benefiting from their position or access, they must also guard against
family, household members and others receiving improper betting
advantages.
• With FOX’s investment in the FOX Bet brand, it is more important thanever that consumers trust that our commitment to integrity extends notjust to the accuracy of the news and information provided to them but
also to how FOX employees handle it at every step in the process.
FOX employees are encouraged to seek clarification on the use of
non-public information from the Legal Department, the Chief Ethics andCompliance Officer, and the Chief Legal and Policy Officer.

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POLITICAL INVOLVEMENT
As outlined in our Political Activities Policy, FOX established standards
concerning political contributions and activities to ensure that all employees
and Company officers comply with our requirements, including:• Prohibition or restriction of gifts to elected officials;• Registration and disclosure of all lobbying activities and disclosure ofpolitical contributions made by all registered lobbyists; and• Prohibition or restriction of political contributions made by corporations.
FOX discloses all contributions from our Political Action Committee.
Lobbying expenditures are disclosed with the Clerk of the U.S. House ofRepresentatives. Fox Corporation also retains government relations services
in California and Massachusetts and discloses its lobbying activity publicly
as required by law. Our filing in Massachusetts can be viewed here. Our filingin California can be viewed here.
EDITORIAL GUIDELINES AND BROADCAST STANDARDSThe First Amendment and the fundamental values it embodies help define
who we are and what we do. As an important source of news, information,
analysis and media, we play a leading role in the marketplace of ideas.
Our flagship news properties are some of the most influential in history,
and we respect the significant responsibility that comes with being a stewardof the people’s right to know.
The core values of our entire business—free press, free speech andfree expression—reflect our commitment to the people’s right to know, to be
informed and to participate in the marketplace of ideas.
FOX’s Standards of Business Conduct, Employee Handbook and Standards& Practices Program Standards Manual confirm our position and
expectations regarding editorial independence and broadcast standards.
Employees are required to read the policies and acknowledge that they
have done so.

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FOX is committed to:• Accuracy and editorial independence: Our news organizations carefully
vet sources and check facts, and we maintain strict separation between
revenue sources and our news and opinion content.
• Freedom of speech and the press: We zealously guard and defend
our journalists in their search for the truth. Indeed, we believe so strongly
in these core values that we have often come to the defense of ourcompetitors, recognizing that a free press benefits all of us and requires
the support of each and every one of us.
• Protection of the newsgathering process: FOX protects the integrityof the entire newsgathering and editorial process. We safeguard theconfidentiality of information, communications and sources that ourjournalists acquire in the course of their reporting. We defend against
external intrusion into the editorial or thought processes of our
newsroom personnel, including the disclosure of drafts, edits or
confidential newsroom discussions about which stories merit publication.
We are committed to the independence of our editorial judgments and will
resist the attempts of litigants, regulators or other third parties to infringeon them.
• Respect cultural rights and diversity: Various FOX programming
and advertising guidelines outline our expectations regarding sensitivity
to and respect for ethnic, religious, sexual and other areas of social
concern.
• Equal access to content and services: FOX networks are widelydistributed (including cable, satellite and streaming), ensuring thatanyone can easily gain access to our content. FOX News and FOX
Business are available in approximately 80 million U.S. households,
and the FOX Network covers approximately 99.9% of U.S. televisionhouseholds. To ensure access for people with disabilities, FOXprovides closed captioning, video description and visual access toemergency information.

76• Promote responsible decision making by appropriate audiences:
We provide V-Chip ratings and advisories, where applicable, on allentertainment programming and promotions longer than 10 seconds(excluding news and live sports), allowing parents to block programs
they do not want children to watch. We are also beginning to provide
ratings for programming that appear on our recently-acquired streaming
service Tubi, which also provides parental controls to block programs.
• Protect intellectual property: We engage in fair competition, protect
our intellectual property and respect the intellectual property andproprietary information of others. We do not seek or accept theconfidential information of competitors or business partners to gain
an improper commercial advantage. We do not download or use
copyrighted materials—such as pictures, films or videos, music, software,or source code—without a proper license.

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In November 2019, FOX News became a partner in the Protect Press
Freedom campaign launched by the Committee to Protect Journalists tocreate public awareness about threats to press freedom. Other members of
the campaign include CNN, The New York Times, Reuters, The Wall Street
Journal and The Washington Post.
In addition, for many years, FOX News and FOX Television Stations havesupported the Media Law Resources Center (MLRC), founded in 1980 byleading American publishers and broadcasters to assist in defending andprotecting free press rights under the First Amendment. Today, MLRC is
supported by more than 115 members, including leading publishers,
broadcasters and cable programmers, as well as internet operations, media
and professional trade associations, and media insurance professionals, in
America and around the world.

FOX also participates in many industry initiatives and organizations topromote media ethics, including:Entertainment Industries Council: FOX regularly hosts events and supports
initiatives that further the Council’s mission to encourage the entertainment
industry to more effectively address and accurately depict major health andsocial issues.
TV Parental Guidelines Monitoring Board: FOX is an active member of thisorganization, which is “responsible for ensuring there is as much uniformity
and consistency in applying the Parental Guidelines as possible.”

Our business units maintain portals through which viewers can provide
feedback regarding the content of programming, advertising and on-air
promotional materials. The feedback portals relating to our sports andentertainment programming are available at FOX and FOXSports, and wewill be implementing feedback portals at FOX News Channel and FOX
Business in the future.

ADVERTISING ETHICS
The marketplace of ideas is where FOX and its brands thrive. Our success
rests on the principles of free expression, free inquiry and freedom of
choice. That also holds true for our participation in the business world
generally, where we vigorously protect our reputation for honesty,transparency and fair competition. Our credibility lies at the core of our
success, from the content we create to the advertising that appears on
our networks. Our networks sell commercial announcement time for theadvertising of goods and services and for institutional advertising. We
recognize that advertising must be truthful, appropriate, and comply with
all Federal Communications Commission, Federal Trade Commission andlegal requirements.

The Standards & Practices Program group maintains records of allcomplaints received through these portals as well as feedback passed to
the network via local stations. We use viewer feedback to review ourStandards & Practices judgments with regard to content and scheduling.

The FOX Network’s Advertiser Guidelines provide a comprehensive set ofstandards covering, among other things, stereotyping and other community
sensibilities, violence and anti-social behavior, and requirements for productclaims to be fully substantiated.

Fox Corporation’s Standards & Practices Program group reviews advertisingand on-air promotional material to confirm that it complies with regulatory
and network guidelines and is placed within appropriate programming.

The Advertiser Guidelines also mandate that every commercial airing on
the FOX Network must be evaluated and approved in advance by FOX’sBroadcast Standards Department, which reserves the right, at any time,
to withdraw approval of a commercial spot.
FOX’s Standards & Practices Program group reviews advertising and on-air
promotional material to confirm it complies with regulatory and network
guidelines.
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OUR PROTECTIONS

Our audiences welcome us into their homes and their lives through ourcontent. We protect that relationship by handling personal information
responsibly and with care. FOX uses commercially reasonableadministrative, technical, personnel and physical measures designed
to safeguard information in its possession against loss, theft andunauthorized use, disclosure or modification.
DATA PRIVACY POLICY
FOX’s Privacy Policies are designed to provide clarity and transparency
about how we collect, use, disclose and retain users’ personal information.
These policies describe our businesses’ practices concerning personal
information collected through services such as websites, mobile sites andapplications. For example, FOX’s Privacy Policies identify the sources of
personal information, the purposes for using personal information(such as to operate our businesses or provide our products and services),and the categories of other parties with whom that information is shared.
FOX’s Privacy Policies also provide various choices for consumers to accessand control their personal information, including the ability to access anddelete their personal information.
FOX also notifies users of changes to its Privacy Policies, including
informing users that they should look at the Effective Date of the applicablepolicy to see when it was last revised and that any changes will become
effective when a revised policy is posted.
FOX treats personal information consistent with these stated purposes, andwe comply with notice requirements under applicable law and consistent
with FOX’s incident response plan.

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DATA PRIVACY PROGRAM
FOX has a dedicated Privacy Department, headed by two Co-Chief Privacy
Officers who share oversight and responsibility over the enterprise’s privacy
program.
The Privacy Department works closely with FOX’s Information Security
Department and Chief Information Security Officer to ensure a coordinatedand layered approach to protecting user data. FOX participates in data
privacy industry organizations including as a corporate member of theInternational Association of Privacy Professionals.
FOX’s Co-Chief Privacy Officers are experts in their field and have spoken
on privacy panels at industry conferences including the IAPP, the American
Bar Association Forum on Communications Law, and the Privacy + Security
Forum.
DATA SECURITY
FOX has a dedicated Information Security department headed by its Chief
Information Security Officer. FOX uses the NIST Cybersecurity Framework
for assessing the overall maturity of its cybersecurity program including
how the program assesses and mitigates risks. An independent
third-party auditing firm annually assesses our adherence to the NIST
Framework and our program maturity against industry benchmarks.
The Chief Information Security Officer updates the Audit Committee of theBoard of Directors quarterly on our cybersecurity program and on progressagainst maturity improvement areas.

FOX also regularly employs internal and external technical penetration
testing and audit procedures against our environments including thosesystems, products and practices collecting or storing confidential businessand personal information—including user data—in accordance with FOX’s
security policies. These tests are performed at the application,
infrastructure and network level by leading third-party assessment firms.
FOX conducts annual mandatory companywide cybersecurity compliancetraining, fosters awareness during Cybersecurity Awareness Month, releases
monthly cybersecurity training videos and conducts regular targeted
employee training. FOX also regularly conducts executive tabletop exercises
involving detailed and topical cybersecurity scenarios.

The Board of Directors plays an active role in developing our overall business and risk
management strategies including issues relating to our corporate social responsibility.
In particular, the Nominating and Corporate Governance Committee of the Board oversees
the Company’s efforts on sustainability and corporate social responsibility.
The Audit Committee of the Board (1) oversees the Company’s policies and practices withrespect to risk assessment and risk management including with respect to data privacy andsecurity, (2) oversees procedures to evaluate alleged violations of the Standards of BusinessConduct and (3) reviews with the Company’s counsel and management any legal or regulatory
matter that could have a significant impact on the Company’s financial statements.
The Company’s management team executes, monitors and adjusts corporate responsibility
efforts consistent with our core values to best serve the interests of the Company and our
stakeholders.
In addition to describing the commitments and investments that we believe are critical to
the long-term sustainability of our business and our positive impact on our communities,
this report also addresses the Sustainability Accounting Standards Board (SASB)
criteria that are relevant to many of our stakeholders. The index below aligns our social,environmental and governance activities with the SASB standards.
Unless otherwise stated, this report covers activities in Fiscal Year 2021
(July 1, 2020 – June 30, 2021).

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SUSTAINABILITY ACCOUNTINGSTANDARDS BOARD DISCLOSURESThis index references the Fox Corporation information in this report pertaining
to standards applicable to companies classified by the Sustainability
Accounting Standards Board (SASB) in the Media & Entertainment industry,as per SASB’s Sustainable Industry Classification System®.

TOPICMedia Pluralism

Journalistic Integrity& Sponsorship
Identification

Intellectual
Property Protection& Media Piracy

CODE

ACCOUNTING METRICFOX CORPORATION DISCLOSURE

SV-ME-260A.1

Percentage of gender andracial/ethnic group representationfor (1) management,(2) professionals, and(3) all other employees

Of our U.S. full-time workforce in CY20,
40% identified as female and
34% identified as non-White.
At the Manager level, 41% are female
and 29% are persons of color.
See page 36 for more information on
advancing diversity and inclusion at FOX.

SV-ME-270A.3

Description of approach forensuring journalistic integrityof news programming related to:(1) truthfulness, accuracy,
objectivity, fairness, and a
ccountability, (2) independence ofcontent and/or transparency ofpotential bias, and (3) protection ofprivacy and limitation of harm

As an important source of news,
information, analysis and media, werecognize our responsibility to build
a culture of trust, integrity and ethicalbehavior. Read more in the “Editorial
Guidelines and Broadcast Standards”
section of this report on page 75.

SV-ME-520A.1

Description of approach toensuring intellectual property(IP) protection

We always engage in fair competition,
protect our intellectual property,
and respect the intellectual property
and proprietary information of others.
Read more in the “Editorial Guidelines
and Broadcast Standards” sectionof this report on page 75.

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this report may constitute “forward-looking statements” within themeaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,”“anticipate,” “expect,” “intend,” “plan,” “believe,” “estimate,” “committed,” “desire,” “seek,”“plan” and similar expressions are used to identify these forward-looking statements. Thesestatements are based on management’s current expectations and beliefs and are subject touncertainty and changes in circumstances. Actual results may vary materially from thoseexpressed or implied by the statements in this report due to changes in economic, business,competitive, technological, strategic and/or regulatory factors, the impact of coronavirus
disease 2019 and other widespread health emergencies or pandemics and measures to containtheir spread, and other factors affecting the operation of the business of Fox Corporation, theachievement of the goals, targets and commitments and the implementation or continuationof the programs described in this report. More detailed information about risk factors affecting
Fox Corporation is contained in the documents Fox Corporation has filed with or furnished to
the Securities and Exchange Commission including its Annual Report on Form 10-K.
Statements in this report speak only as of the date they were made, and Fox Corporation
undertakes no duty to update or release any revisions to any forward-looking statement madein this report or to report any events or circumstances after the date of this report or to reflect
the occurrence of unanticipated events or to conform such statements to actual results orchanges in Fox Corporation’s expectations, except as required by law.

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