exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
Corporate Governance
Our Board of Directors is tasked with establishing and implementing Corporate Governance 
Principles that provide a framework for our effective governance. We prioritize matters that 
are top of mind for our company, clients, employees and investors to develop new policies and 
programs, and evolve existing ones, to make CME Group a better company. By aligning our 
governance approach with best practices, our company strengthens board and management 
accountability, promotes long-term shareholder value and sustains continued success. 
In 2023, our Board was specifically focused on:
Continuing to oversee the company's risk and compliance functions, including 
the Global Information Security Program. 
Positioning CME Group to deliver long-te
Keyword: governance
For information on our governance policies, see the following resources:
Board of Directors Code of Ethics    |    Board of Directors Committee Charters    |    Board of Directors Conflict of Interest    |    Corporate Governance Principles
29%
WOMEN (EQUITY 
DIRECTORS) 
GENDER 
DIVERSITY
WOMEN 
(OVERALL)
GENDER 
DIVERSITY
26%
RACIAL/
ETHNIC
DIVERSITY
13%
100%
ETHICS AND 
INTEGRITY
GLOBAL  
PERSPECTIVE, 
INTERNATIONAL
FRESH 
PERSPECTIVE 
(TENURE LESS 
THAN FIVE 
YEARS)
43%
39%
CORPORATE 
GOVERNANCE
TECHNOLOGY AND 
INFORMATION 
SECURITY
26%
43%
Message From  
Our Chairman  
& Chief Executive  
Officer
About CME Group
Workforce 
Empowerment
Sustainable 
Solutions
Community 
Commitment
Corporate 
Stewardship
Appendix
C O R P O R A T E  S T E W A R D S H I P          
33
Risk
Keyword: governance
the Nominating and Governance Committee overseeing the process. The Compensation 
Committee is responsible for ensuring we have appropriate compensation strategies and 
programs in support of retention and recruitment. To provide the Board with opportunities 
to familiarize themselves with our executive talent, all members of our Management Team 
attend regular board and committee meetings based on their roles and responsibilities. We 
also prepare senior leaders who are potential successors to the role of Chief Executive Officer 
by providing development opportunities, including engagement with and exposure to key 
stakeholders, regulators, investors and clients. 
Message From  
Our Chairman  
& Chief Executive  
Officer
About CME Group
Workforce 
Empowerment
Sustaina
Keyword: governance
governance and oversight.
As part of our GIS Program, CME Group operates 
a cutting-edge Cyber Defense Center. The center 
is connected virtually 24/7 to our international 
operational cybersecurity teams and serves as 
a global hub for various activities such as log 
collection, event monitoring, threat detection and 
incident response, vulnerability management, 
resiliency, operations and the proactive collection 
and processing of both open source and proprietary 
threat and intelligence feeds. This enables us 
to efficiently manage, investigate and respond 
to cybersecurity events. The GIS team works 
collaboratively to prevent, detect and respond 
to systemic events that may pose a threat to our 
industry or the economy.
Message From  
Our Chair
Keyword: governance
and governance 
(ESG) information
As a derivatives marketplace (not an equity marketplace), CME Group’s markets do not include equities of listed companies and, therefore, CME Group does not (and is not required 
to) have such a disclosure policy. 
Our focus is on developing products and services for our clients’ evolving risk management needs, including the increasing focus on ESG information and services. As a global 
business operating in a complex environment, we understand the importance of developing both innovative and sustainable business solutions. 
Our ESG-related contracts and services are designed to help global customers manage price risk in today’s energy, metals and agricultural ecosystems as they develop new 
technologies and other initia
Keyword: governance
Board member’s own interests and the interests of the company. The Nominating and Governance Committee is responsible for compliance with the Board of Directors Code of Ethics. 
Board members must certify to this Code of Ethics on an annual basis. 
When identifying a situation where an actual or potential conflict of interest cannot be avoided, Compliance recommends appropriate actions to manage, document and, as 
applicable, report the situation. 
CME Group’s program to address conflicts of interest includes: 
•	 Written policies (CME Group Code of Conduct, CME Group Conflicts of Interest Policy, Board of Directors Code of Ethics, Confidentiality and Data Protection Policy, Personal Trading 
Policy, Anti-Financial Crime Policy)
•	 Disclosure obligations to identify, assess and manage potential conflicts of interest 
•	 Regular, o
Keyword: governance
INFORMATION GOVERNANCE AND DATA PRIVACY
CME Group is committed to protecting its proprietary, confidential and personal data, including information relating to its business, customers, vendors, strategic partners, employees 
and other third parties. We have an established Information Governance and Privacy Program which is designed to support our company in managing our data and corporate 
information in compliance with applicable laws and regulations and reducing risk associated with our data. 
THIRD-PARTY RISK MANAGEMENT
CME Group maintains a Third-Party Risk Management (TPRM) Program designed to identify, assess and manage potential risks relating to the engagement of certain third parties 
that support CME Group in delivering its business strategy, including
Keyword: governance
engagement lifecycle. The TPRM Program coordinates with Procurement, Legal, Information Security, Information Governance/Privacy and OpRes teams, allowing our contracts 
and vendor renewals to align to our risk management posture, provide adequate assurance and meet regulatory requirements. The OpRes team works with TPRM to help provide 
assurances that third-party vendors impacting our critical operations have business continuity and disaster recovery plans to minimize service interruptions and control issues, 
whenever unforeseen disturbances arise involving a third party’s operation. 
INSURANCE
We maintain insurance coverage that may, subject to the terms and conditions of the policy and payment of significant deductibles, cover certain aspects of cybersecurity issues.
MONITORING, TESTING AND AUDIT
We have adopted a risk-based approach to our monitoring,
Keyword: governance
areas of environmental, social and governance; it is not comprehensive or necessarily representative of all our activities in those areas.
Details on our financial performance can be found on our corporate website and in our public filings available through the U.S. Securities and 
Exchange Commission (SEC). Our ESG reporting describes those topics which we consider to be the most important to stakeholders when evaluating 
environmental, social and governance issues at CME Group. Therefore, materiality and its relevant definition as used in this report and our ESG 
materiality review process is different than the definition used in the context of filings with the SEC and under the long-standing U.S. Supreme Court 
definition of that term. Issues deemed material or relevant for purpose
Keyword: bribe
and anti-bribery laws. We provide regular training on 
compliance with this policy, in addition to conducting regular 
and ongoing risk assessments. A copy of our practices and 
policies, which includes the Global Anti-Corruption Policy 
and Code of Ethics, has been translated into numerous 
languages and is available to all employees. 
In 2024, Netflix adopted a Human Rights Statement which 
reflects our 
 as defined by the International Bill 
of Human Rights — including freedom of expression. This 
statement also expresses our support of freedom of 
association, the right to collective bargaining, the elimination 
of forced or compulsory labor, the abolition of child labor, an 
end to workplace discrimination and the creation of a safe 
and healthy worki
Keyword: corruption
process. Our Global Anti-Corruption Policy requires our 
employees and contractors to abide by global anti-corruption 
and anti-bribery laws. We provide regular training on 
compliance with this policy, in addition to conducting regular 
and ongoing risk assessments. A copy of our practices and 
policies, which includes the Global Anti-Corruption Policy 
and Code of Ethics, has been translated into numerous 
languages and is available to all employees. 
In 2024, Netflix adopted a Human Rights Statement which 
reflects our 
 as defined by the International Bill 
of Human Rights — including freedom of expression. This 
statement also expresses our support of freedom of 
association, the right to collective bargaining, the elimination 
of forced or compulsory labor, the aboliti
Keyword: governance
Governance Report 2023
ESG Report 2023
Table of
Contents
A letter from our co-CEOs
About Netflix
Executive Summary

Sustainability Strategy
Industry Collaboration
Climate Risk

Culture and Engagement
Inclusion and Diversity
Privacy, Security and Accessibility

Corporate Governance
Enterprise Risk 
Ethics and Compliance
IP Protection and Piracy

About this Report
ESG Data Table
SASB Index
TCFD Index
Resources
GHG Emissions Inventory Methodology
Carbon Credit Project Screening
Introduction

Environment

Social

Governance

Appendix
03
04
05

10
34
35

39
40
54

58
63
63
64

66
67
73
75
77
78
80
02
03
ALetterfrom
ourco-CEOs
Ted Sarandos
co-Chief Executive Officer and 
President of the Company and Director
Greg Peters
co-Chief Executive Officer
Keyword: governance
Our fifth Environmental, Social and Corporate Governance 
(ESG) Report shows how we continue to:
Decarbonize our operations — reducing emissions in our 
operations and productions through clean energy 
technology that could one day help transform our industry;
Invest in our culture of inclusion and belonging — 
building diverse teams where everyone, whatever their 
culture, identity or background, can do the best work of 
their lives; and
Improve our governance — updating our executive pay 
structure, code of ethics, supplier code of conduct and 
corporate governance guidelines, as well as publishing a 
new statement on human rights.
This is important work and we look forward to sharing 
our continued progress in the years ahead.
ESG Report 2023
Introduction
Environment
Social
Governance
Appendi
Keyword: governance
Governance
Appendix
ESG Report 2023
05
Our Approach 
to ESG
Our Environmental, Social and Governance (ESG) framework 
is informed by relevant reporting frameworks – including the 
Sustainability Accounting Standards Board (SASB), Global  
Reporting Initiative (GRI) and Task Force on Climate-Related 
Financial Disclosures (TCFD). 
The Netflix Board of Directors oversees the Company’s ESG 
efforts and receives regular updates from management in 
these areas. In this report, we focus on the topics below:
Introduction
Environment
Social
Governance
Appendix
ESG Report 2023
Environment
Climate Strategy
Industry Collaboration
Climate Risk
Social
Inclusion and Diversity
Supporting our People
Data Privacy and Security
Accessibility
Governance
Corporate Govern
Keyword: governance
Governance
Appendix
ESG Report 2023
Environment
Climate Strategy
Industry Collaboration
Climate Risk
07
Women continue to have the 
 at Netflix, and 
 of our US 
employees are from one or more historically 
underrepresented ethnic and/or racial backgrounds. 
In addition to reporting data on the gender identity 
and race/ethnicity of our employees, we are also 
sharing information about recruitment, retention and 
pay equity for the first time this year.
As of the end of 2023, we have invested over 
globally in the Netflix Fund for Creative Equity, 
which helps increase training and opportunities within 
the entertainment industry for people from historically 
underrepresented groups. We also continue to invest 
in Black banks and financial institutio
Keyword: governance
Governance
Appendix
ESG Report 2023
Social
Inclusion and Diversity
Supporting our People
Data Privacy and Security
Accessibility
02
08
We made several changes to our disclosures and 
corporate governance practices. These include
 Significant changes to the compensation program 
for our executive officers'
 The adoption of Corporate Governance Guidelines, 
which include a policy on directors’ service on other 
public company boards'
 The adoption of a Human Rights Statement that 
sets forth our ongoing commitment to respecting 
internationally recognized human rights'
 An update to the Netflix Code of Ethics.
In the last year, we met with shareholders collectively 
representing 
 — including 
nine of our top 10 shareholders. Independent directors
Keyword: governance
Governance
Appendix
ESG Report 2023
Governance
Corporate Governance
Enterprise Risk Management
Ethics and Compliance
Intellectual Property Protection
Environment
To entertain the world, we need a habitable world to 
entertain. In this section, we explain how we’re 
modernizing our operations and productions to be more 
efficient and sustainable, engaging with business partners 
and vendors to decarbonize our value chain, managing 
climate risks and supporting creators who want to 
highlight sustainability on screen.
09
Introduction
Social
Governance
Appendix
Environment
ESG Report 2023
37
10
Our Public Climate Targets
We continue to make progress against the targets we set in 
March 2021 to:
01
Reduce our emissions by roughly 
5; and
half by 
2030
02
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
11
Netflix emission reduction actions
Target
Terminology
Electricity
Energy
Efficiency
Renewable
Energy
Provider 
Engagement
Fuel
Energy
Efficiency
Electric
Vehicles
Clean Mobile 
Power
46% by 2030

Absolute Reduction
(reduce absolute 
emissions by 46% from a 
2019 baseline)
55% by 2030
 
Intensity reduction
(reduce emissions by 55% 
per million $ value added7 
from a 2019 baseline)
Our
“Sphere of Influence”
Intensity
Reduction Goal
Our 
“Sphere of Control”
Absolute 
Reduction Goal
$
Value Chain
Demand 
Signaling
Technology
Accelerators
Educational 
Offerings
Decarbonization Target
7 “Value Added” is a term used by SBTi. For Netflix, this is derived by subtracting “Cost of Revenues” from “Revenues”,
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
12
8 Reductions are based on a comparison of actual annual emissions.
9 Credits have been certified under the Climate Action Reserve (CAR), Verified Carbon 
Standard (VCS), American Carbon Registry (ACR), Clean Development Mechanism (CDM) or 
Plan Vivo Carbon Standard (PV), as applicable based on the credit. The retirement of carbon 
credits has been subject to limited assurance noted in the “Our Carbon Footprint” section.
10 Including participants from the Greenhouse Gas Protocol, SBTi, UN Framework 
Convention on Climate Change and UN Race to Zero teams.
Sustainability Strategy
Industry Collaboration
Climate Risk
“As our natural world changes around us, so 
does our way of life. Excessive carbon 
p
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
13
Greenhouse gas 
inventory
2020
2019
2021
2022
2023
MARKET BASED
(Metric Tons CO2e)
Target-Based
(Metric Tons CO2e)
Biogenic Emissions
(Metric Tons CO2e)
SCOPE 3 
Intensity-Based 
Emissions
LOCATION BASED
(Metric Tons CO2e)
Scope 1
Scope 1
Value Added 
, 
refer to footnote 8
($ millions)
SCOPE 3 Target-
Based Intensity
(Metric Tons CO2e 
per $ value added)
Scope 1
30,883
30,883
0
9,720
77
30,883
62,815
62,815
1,007
12,365
84
62,815
59,388
59,388
2,033
12,447
65
59,388
Scope 2
Scope 2
Scope 2
Scope 3
Scope 3
Scope 3
Total
Total
Total
Carbon Credits
141
29,356
28,585
0
31,937
42,291
0
23,622
41,411
1,020,541
745,436
1,067,778
1,051,565
805,675
1,127,246
54,107
1,466,497
1,043,612
1,471,243
1,529,312
1,1
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
14
Carbon Footprint by Business 
Activity
The largest source of emissions in 2023 came from our 
 (“corporate”), the second largest came 
from the 
 (“production”), followed by a small percentage 
coming from our 
 (“streaming”). While we were still able to 
drive quantified emissions reductions through our 
decarbonization activities in 2023, the WGA and SAG-
AFTRA strikes - which resulted in reduced production 
activity in certain markets (primarily the US, Canada and the 
UK) - also contributed to the decline in 2023 emissions. We 
expect production emissions to increase in 2024 as 
production operations have resumed, which will likely bring 
them back to be our highest percentage of emissions.
corpo
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
15
Our Operations
Emissions Reductions Transition Plan
To meet these objectives we are focused on four key levers:
Energy Efficiency: Identifying the 
efficiency improvements with the highest 
return on investment for energy used in 
our offices and studios;
Vehicle Electrification: Transitioning from 
vehicles that use fossil fuels to electric 
and/or hydrogen-powered alternatives;
Clean Mobile Power: Using alternatives to 
diesel generators on productions; and
Renewable Energy: Using renewable 
sources of electricity and fuels.
Sustainability Strategy
Industry Collaboration
Climate Risk
We approach these four levers using a framework in which 
we first optimize energy use, then electrify it and 
de
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
16
77,803
Business as usual
Netflix Climate Transition Plan
Renewable energy: electricity and fuel
Electric Vehicles
Clean mobile power
Energy efficiency and behavior change
Forecasted
Maximizing the solutions available today, while accelerating 
the market for tomorrow’s solutions, is also imperative. While 
energy efficiency and renewable energy solutions are cost-
effective and can be deployed at scale now, clean mobile 
power and electric vans/trucks are more nascent technologies. 
That means they will deliver most of their respective emissions 
reductions for Netflix in the latter half of this decade. Learn 
how we are working to implement and scale these solutions in 
the Reducing Emissions in the
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
17
Tracking progress against our Science-Based 
Target for Scope 1 and 2 emissions
We track annual progress against our 2030 Scope 1 and 2 
emissions target using the target-based figures noted in the 
carbon footprint table above. These figures reflect emissions 
reductions from specific decarbonization actions and those 
related to direct renewable energy supply (e.g., onsite 
generation, utility and landlord supply, PPAs or direct 
investments). They do not reflect emissions reductions 
resulting from our annual purchase of renewable energy 
certificates (or environmental attribute certificates). While 
permissible under current GHG accounting rules, we do not 
reflect emissions reductions resulti
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
18
2023 Scope 1 and 2 Avoided
Emissions Summary Table13
13 For all interventions that are implemented in an effort to reduce carbon emissions, compared to what 
would have happened absent any intervention, we conduct detailed internal analysis to estimate the 
emissions impact (“Emissions Avoided”).
Equipment & Controls Improvements 
Right Sizing Diesel Generators
Sub-Total
Energy Efficiency
0
0
0
163
10
173
162
51
213
Total
14,210
22,617
25,503
Emission Reduction Levers
Action
Emissions Avoided (MT C02e)
Sub-Lever
2021
2023
2022
Electric Vehicles
Hybrid Vehicles
Plug-in Hybrid
Sub-Total
Electric (and other low-carbon) Vehicles
10
12
7
29
23
15
9
46
75
31
52
158
Hydrogen Systems
Grid Tie-In
Hybrid Syste
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
19
Reducing Emissions in the Workplace
Energy Efficiency
Since Netflix does not own the majority of the facilities we 
occupy15, we partner with landlords and property managers 
on energy efficiency projects. Building upon the completion 
of energy efficiency audits at all of our major facilities across 
North America in 2022, we expanded the audits to all of our 
major facilities in EMEA. Based on the results of these audits, 
we are implementing projects within our control at several of 
our offices and studios. These projects include double 
glazing windows, temperature setbacks, lighting 
improvements and controls, plug load controls, daylight 
sensor installs and equipment upgrades.
 In 2023, we br
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
20
Sustainability Strategy
Industry Collaboration
Climate Risk
SCOPE
METRIC
2020
2021
2022
2023
Total electricity
Total electricity consumed
(MWh)
94,285
156,555
156,967
113,753
Total electricity consumed
(MWh)
26,196
33,407
36,110
41,827
Hardware 
Infrastructure 
Electricity15
Total electricity consumed
(MWh)
68,089
123,148
120,857
71,926
Remaining 
Electricity
2023 Electricity Consumption Summary Table
As mentioned in Tracking progress against our Science-
Based Target for Scope 1 and 2 Emissions, we don't count 
retail REC purchases as reductions against our science-
based target for Scope 1 and 2.
We recognize that not all renewable energy supply is the 
same in terms of its impact towards driving n
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
21
Reducing Emissions in Productions
Production-related emissions accounted for 
 in 2023. To reduce these emissions over 
time, we are focusing our efforts on: (1) replacing diesel 
generators with clean mobile power equipment and (2) 
replacing diesel and gasoline-powered vehicles with EVs 
and other low emissions vehicles. All of our production 
vehicle fleets and mobile power equipment are rented, 
meaning we have to partner with local equipment suppliers 
to make sustainable alternatives to fossil-fuel powered 
equipment available to our productions. In 2023, we tested 
these clean technologies on all of the scripted productions 
Netflix directly manages.
We employ sustainability experts who work w
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
22
Clean Mobile Power
Using diesel generators has long been an entertainment 
industry standard and, until recently, effective cleaner 
alternatives have not been generally available. Cleantech 
solutions are now coming to market — reducing diesel 
generator use, while saving fuel and reducing air and noise 
pollution on set. Learn more about our efforts as co-founders 
of the Clean Mobile Power Initiative in our Industry 
Collaboration section.
In the past year, 
 Netflix 
directly managed — like Bridgerton S3 and The Piano Lesson 
— incorporated clean mobile power solutions. This includes 
grid tie-ins, mobile batteries, battery-hybrid generators, 
solar-powered equipment and hydrogen power units, 
re
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
23
Sustainability Strategy
Industry Collaboration
Climate Risk
Batteries
more than 90% of the 2023 
productions
Batteries were used on 
 we directly manage, including in new filming 
markets. For example, The Decameron S1 production 
powered its unit base (sometimes referred to as a base 
camp), which includes production and cast trailers, with 
batteries recharged by solar at some of their locations in and 
around Rome. This technology was new to the Italian market, 
brought in to support the Netflix series. It’s now being 
integrated into local equipment vendors' rental inventories, 
helping to create a ripple effect to other productions and 
studios. Batteries were also deployed on Netflix production
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
24
In 2023, we installed EV charging infrastructure at studios 
where we frequently produce series and films. This charging 
capacity is especially crucial as we prepare for our first 
electric truck pilots in 2024B
I At Netflix Studios Albuquerque, we installed a 150 kW 
dual dispenser DC fast charger, one of the first of its kind 
on a studio lot, along with a variety of Level 2 EV 
charging options, including “fleet Level 2” stations. 
Additional DC fast chargers and Level 2 charging will 
come online in 2024B
I We’ve installed fleet Level 2 stations and a DC Fast 
Charging station at a studio in Los Angeles and fleet 
Level 2 stations at Netflix Studios Brooklyn in New York. 
A project to install mu
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
25
Our Value Chain
Scope 3 Emissions
Scope 3 emissions make up over 
 of the GHG emissions in our 
footprint. The majority of these emissions come from Purchased 
Goods and Services16 (PG&S) emissions (i.e., goods and services we 
buy from others), including films and series made for us by other 
studios. The next biggest category is business travel emissions17, 
including air travel, lodging and travel-related transportation, which 
account for ~12% of total Scope 3 emissions. 
To contribute to the global halving of emissions by 2030, which 
scientists prescribe as an interim step to reach global net zero in 
2050, we have committed to 
.
Compared to last year, our total Scope 3 emissions were 
, and S
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
26
Internet Transmission and User Device 
Energy Use
Because internet infrastructure (including data centers) is 
shared by such a vast number of consumers across so 
many services, the energy consumption for individual 
video streams is relatively efficient (i.e., 
). 
~10% of total 
use-phase streaming emissions
By contrast, the physical devices our members use (wifi 
routers, streaming sticks, set top boxes and displays) drive 
the majority of energy consumption and emissions (~89%). 
The total carbon footprint of streaming one hour of video is 
estimated to be approximately 55 gCO2e (grams of carbon 
dioxide equivalents), roughly19 the equivalent of microwaving 
four bags of popcorn, or three boils
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
27
Cloud Services and Content Distribution 
Network (CDN)
Carbon Trust’s white paper on the Carbon Impacts of Video 
Streaming determined that the use-phase emissions 
associated with data center and CDN operations are small 
(<1%) compared to the rest of the video streaming value 
chain. 
Netflix partners with AWS for our data storage and cloud 
computation needs, which has a goal of using 100% 
renewable energy by 2025. In 2023, AWS reported via their 
customer carbon footprint tool that due to their successful 
renewable energy sourcing and energy efficiency initiatives, 
the electricity powering Netflix computing needs was 
.
When it comes to distributing content to our members, 
Netflix is working
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
28
"To avoid the most dangerous impacts of 
climate change, we need to decarbonize our 
economies and pursue new carbon removal 
technologies, and at the same time protect 
and restore nature around the world. 
, and there's nothing we can 
do with technology that will overcome that."
Without 
nature, a sustainable climate and planet will 
be out of reach
Will Turner 
Senior Vice President, Natural Climate Solutions at 
Conservation International.
22 All scenarios developed by the IPCC that limit climate change to 1.5°C rely on increasing the greenhouse gas sequestration potential of nature coupled with the avoidance of further damage to soils, 
forests, peatlands, wetlands, oceans and other critical
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
29
Project Spotlights
Sustainability Strategy
Industry Collaboration
Climate Risk
27 Our Durango portfolio of investments comprise five projects: Los Altares, El Rincon, 
Silvestre Revueltas, Quebrada de Cebollas, Hacienditas.
Investing in working forests and forest restoration in 
Durango, Mexico
sustainability 
and health of ecosystem services that drive the local 
economy
Ejidos and communally-owned lands in Mexico represents a 
unique climate mitigation opportunity that can bring both 
development and funding to some of the least developed 
places in the country, through carbon markets. These agrarian 
communities own at least 51% of the land base in Mexico and 
together, can make or break the co
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
30
Carbon Credit Portfolio
Our 2023 carbon credit portfolio spans 
. All of these 
credits are third-party verified for climate impact and issued 
by carbon standards with robust programmatic governance 
to ensure climate additionality and durability. Netflix performs 
extensive due diligence before including a project in our 
portfolio. We use a 
28 to select 
high quality credits that demonstrate economic, community 
and biodiversity benefits in addition to their environmental 
benefits. We continually refine our vetting process, staying 
abreast of transparency and integrity work from groups like 
Integrity Council for Voluntary Carbon Markets and the 
Oxford Principles (2024) and monitoring the o
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
31
LOCATION
PROJECT NAME AND ID
CREDIT TYPE
REGISTRY AND PROTOCOL
PROJECT BENEFITS
SUPPLIER
Metric Tons
Food security, soil regeneration, 
water conservation
ClimatePartner 
GmBH
60,000
Supporting Landless Farmers in the Tembien 
Highlands (EthioTrees, ID# 
104000000014099)
Ethiopia; 
Hagere Selam 01, Tigray
Removal
Plan Vivo: PM001 Agriculture and Forestry 
Carbon Benefit Assessment Methodology
Ecosystem restoration, skills training, 
job creation, climate adaptation
Cool Effect
79,200
Ejido florestal Los Bancos (CAR1392)
Mexico; Municipio de 
Pueblo Nuevo, Durango
Removal
Climate Action Reserve: Mexico Forest 
Protocol v3
Fire prevention, biochar production, 
watershed restoration
EFM
17,292
Scott Riv
Keyword: governance
community governance
Carbonof
49,019
Durango portfolio of aggregated ejido projects 
(CAR 1675,1704,1735,1736,1737)
Mexico; Santiago Papasquiaro, 
Otaez, and Tepehuanes in 
Durango State
Removal
Climate Action Reserve: Mexico Forest 
Protocol v3
Reforesting Degraded Lands in Chile through 
the use of Mycorrhizal Inoculation (VCS1055)
Chile; Regions RM, V, VI, 
VII, VIII
Removal
Verified Carbon Standard

AR-ACM0003
Advances biotechnology, 
biodiversity, local skilled jobs, soil 
rehabilitation
Mikro-Tek
58,760
Reduced air pollution, local skilled 
jobs, increased public health
ClimatePartner 
GmBH
300,000
Salvador da Bahia Landfill Gas Management 
Project (CDM0052)
Brazil; Municipality of Lauro 
de Freitas, Bahia State
Avoided Emissions (methane)
Clean Developm
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
32
Sustainability Strategy
Industry Collaboration
Climate Risk
200 million households around 
the world — over 80% of 
members —  chose to watch at 
least one story on Netflix from our 
Sustainability Stories Collection
200M 
households
200+ titles
I   Elephant Whisperers
I   Unstable
I   Spirit Rangers
I   En place
I   You Are What You Eat: 
   Twin Experiment
I   Live to 100:
   Secrets of the Blue Zones
I   Ragnarok
I   Sweet Tooth
I   Chicken Run:
   Dawn of the Nugget
I   Leave the World Behind
I   Ricky Gervais: Armageddon
I   Down To Earth with Zac Efron
I   Our Planet II
I   Glass Onion: 
   A Knives Out Of Misery
Sustainability on Screen
Our goal is to 
, with the best selection of 
TV shows an
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
33
Sustainability Strategy
Industry Collaboration
Climate Risk
EVs on screen
Our commitment to using more EVs in shows and films we 
produce has also been met with enthusiasm by our creators, 
with 
, from self-driving Teslas (Leave 
the World Behind) to smart cars (Unstable) and action cars in 
chase scenes (Extraction 2, Heart of Stone, Spy Kids: 
Armageddon). Our 2023 Super Bowl ad with GM, starring 
Will Ferrell, garnered several awards for excellence this year 
including a 
.
90% of Netflix productions choosing to feature 
electric vehicles on screen
Clio and a Cannes Lions Silver
Earth Week
Our Netflix Family Earth Week celebration in April 2023, 
including an Activity Booklet with shows, movies a
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
37
34
Industry 
Collaboration
The film and television industry is over a century old and has 
been traditionally powered by fossil fuels. So even though 
we’ve set our own climate targets, we know we can’t 
transition entertainment to a cleaner, low carbon industry 
alone. It’s why we partner with other studios and 
organizations to ensure progress made by one benefits 
everyone — and because we believe collective actions will 
yield positive outcomes, faster. We do this through:
Sustainability Strategy
Climate Risk
Industry Collaboration
 Sustainable production industry groups: Netflix is a 
member of several industry groups globally such as the 
Sustainable Entertainment Alliance (global), BAFTA’s 
Al
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
35
Climate Risk
Governance
The 
 oversees the Company’s ESG efforts, which 
includes sustainability, with the assistance of the Nominating and 
Governance Committee. They receive updates on sustainability and 
enterprise risk management at Board meetings. 
 oversees decisions related to climate risk with expert 
input from internal teams. An annual Company-wide enterprise risk 
assessment is performed, in which climate risks are considered, and 
the findings of this assessment are 
. 
Our sustainability program, which includes our climate strategy, is led 
by our Netflix Sustainability Officer.
Netflix Board
Executive 
Management
shared with our Board annually
Sustainability Strategy
Industry Collaborat
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
36
RISK TYPE
DESCRIPTION
TIME HORIZON
MITIGATION STRATEGY
Acute physical risks caused by disruption from wildfires, 
flooding and sea level rise could pose a threat to business 
continuity and productions in areas impacted by such 
natural disasters.
Regulatory impacts could impose additional costs 
and limitations on how we produce content and operate 
our service.
Regulatory impacts on traditional energy sources could 
pose a risk on our license to operate and produce content 
(e.g., bans on diesel generators in desirable shooting 
locations) if new comparable technologies aren’t 
introduced in sufficient supply in time.
Short Term
Medium Term
We produce content all around the world and can be somewha
Keyword: governance
Governance
Appendix
Environment
ESG Report 2023
OPPORTUNITY TYPE
DESCRIPTION
TIME HORIZON
BUSINESS STRATEGY
Energy efficiency in our operations.
Supporting entertaining and scientifically-informed 
content that raises environmental awareness.
Optimization and electrification of our vehicle fleet across 
our operations, productions and in our supply chain.
Short Term
Medium Term
Short Term
Netflix conducts energy efficiency audits across our operations and 
long term lease facilities in order to reduce energy costs and 
emissions from inefficiencies in our built environment. Learn more in 
our Our Operations section.
Learn more in our Sustainability on Screen section.
Netflix is exploring various ways to optimize fleet use with our 
suppliers and swit
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Inclusion & Diversity
Privacy, Security and Accessibility on Our Service
40
Inclusion & Diversity
Our first inclusion report looked at “representation within the 
Company, how we plan to increase it and how we cultivate a 
community of belonging and allyship.” Over the last four 
years, we’ve continued to make progress through our 
inclusion and diversity (I&D) programs.
ESG Report 2023
Introduction
Environment
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
41
ESG Report 2023
Identity (Who we are)
Netflix uses a Self-ID survey to allow employees to self-
identify across various dimensions of identity beyond race & 
ethnicity,
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
Gender Identity (Global)
42
ESG Report 2023
Race/Ethnicity (US)36
Over half of our US workforce (
) is made up of people 
from one or more historically underrepresented ethnic and/
or racial backgrounds37, including Asian, Black, Hispanic or 
Latino/a/x, Middle Eastern or North African, Native 
American and Pacific Islander. This is a slight increase from 
2022 (54.1%).
55.8%
Senior Leadership
Of the 19 US based leaders on our senior leadership team in 
202338, 
 (8) self-identify as belonging to one or more 
historically underrepresented ethnic and/or racial 
backgrounds.
42.1%
36 The data for race/ethnicity represents approxima
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
Race/Ethnicity
2022
2023
50%
40%
30%
20%
10%
0%
Native American/
Alaskan Native
Asian
Black
Hispanic/
Latino/a/x
Middle Eastern/
North African
Native Hawaiian/
Other
Pacific Islander
White
Undeclared
0.7%
0.9%
27.2% 28.6%
11.9%
2.6%
12.2%
2.8%
48.2% 47.7%
5.4%
5.1%
50%
40%
30%
20%
10%
0%
Native American/
Alaskan Native
Asian
Black
Hispanic/
Latino/a/x
Middle Eastern/
North African
Native Hawaiian/
Other
Pacific Islander
White
Undeclared
0.7%
1.1%
19.4% 19.2%
2.6%
2.7%
59.3% 59.6%
4.4%
4.7%
All Jobs Levels
Director+ Jobs Levels
10.8%
12.8%
10.6%
12.5%
7.6%
ESG Report 2023
43
Recruitment  
and Retention
Hiring@Netflix
meaningfully
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
Europe, Middle East, and Africa (EMEA) 
Engineering Hub
Last year, we opened our first EMEA Engineering Hub in 
Poland. As part of our commitment to I&D, we invested 
in a series of events aimed at connecting with local 
talent, with a special emphasis on sourcing 
underrepresented talent. As of the end of 2023, 50% of 
engineering managers hired to the Hub were women.
Gender (global) (continued)
HIRING
Attrition Representation40
50%
50%
0%
0%
10%
10%
20%
20%
30%
30%
40%
40%
All Job Levels39
All Jobs Levels
44
ESG Report 2023
2022
2023
39 Data excludes employees from acquisitions & internal transfers.
40 This data reflects exits
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
49.4%
48.8%
45
ESG Report 2023
All Jobs Levels
Race/Ethnicity (US)
01
Employees from one or more historically 
underrepresented ethnic and/or racial 
backgrounds made up 
 of 
employees hired in 2023.
63.4%
02
Asian and Hispanic/Latino/a/x employees 
represented a lower share of attrition 
(26% and 13.6%, respectively) compared 
to their share of overall workforce 
representation (28.6% and 12.2%, 
respectively). Black employees 
represented a higher share of attrition 
(13.8%) compared to their share of overall 
workforce representation (10.6%)
50%
40%
30%
20%
10%
0%
Native American/
Alaskan Native
Asian
Black
Hispanic/
Latino/a
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
HIRING
Attrition
ESG Report 2023
46
Pay Equity
We are committed to 
 equitably. 
That’s why we conduct pay equity analyses at least once a 
year to ensure compensation is on par across similar work in 
the same location, with similar skills and levels of 
performance. We don’t want employees from historically 
underrepresented groups to be underpaid based on gender 
(globally) or race/ethnicity (US) relative to others doing the 
same or similar work under comparable circumstances. 
Every component of 2023 compensation41 was used in the 
analysis. When we find pay gaps, we aim to fix them — and 
the results of this analysis are sh
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
Visit the Netflix Inclusion webpage for more.
Gender42
Adjusted Pay Equity43
Global
Men compared to Women and Additional Gender Identities
Women and Additional Gender Identities earn  
99¢ for every $1 earned by Men.
race / ethnicity44
Adjusted Pay Equity
United States
White employees compared to employees with one or more 
historically underrepresented ethnic and/or 
racial backgrounds
Employees who are from historically
underrepresented ethnic and/or racial background earn 
99¢ for every $1 earned by white employees
ESG Report 2023
47
Benefits and Wellbeing
We offer our employees benefits built around four strategic 
pillars: p
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
ESG Report 2023
37
Employee Giving Program
Philanthropy at Netflix is driven by employees through our 
Employee Giving Program, where we allow employees to 
donate to causes that are meaningful to them. When an 
employee donates to a charitable organization (from over 
2 million eligible organizations in 200 countries), Netflix 
matches it with 
 amount, with an upper limit 
of $20,000 per employee per year for all donations and 
matches. We also offer a volunteer match program, 
encouraging Netflix employees to donate time by 
volunteering. For every hour an employee volunteers with 
an eligible cause, Netflix donates $50 to the
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
ESG Report 2023
Progress in Developing 
Talent Across Our Films 
and Series
Better representation on-screen starts with better 
representation behind the camera. That’s why we’re always 
working to include new voices and discover the next 
generation of storytellers.
USC Annenberg Inclusion Report
We partner with the USC Annenberg Inclusion Initiative to 
examine several inclusion metrics (e.g., gender, race/
ethnicity, LGBTQ+, disability) in our US-commissioned films 
and series. In 2021, we released our first-ever study and 
committed to publicly releasing our progress every two years 
through 2026. In 2023, we shared the next
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
ESG Report 2023
Fund For Creative Equity
In 2021, we established the Netflix Fund for Creative Equity, a 
commitment of 
 aimed at 
creating new opportunities for people from underrepresented 
communities in entertainment. Through the Fund, Netflix 
supports external organizations that are committed to 
creating more equitable opportunities in the TV and film 
industries, as well as bespoke Netflix programs designed to 
help us to identify, train and provide opportunities and access 
to jobs for up-and-coming talent globally. 
As of the end of 2023, we’ve committed over 
 
towards these initiatives, supporting over 13,000 people
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
Introduction
Environment
Governance
Appendix
Social
ESG Report 2023
51
Program and Creator Spotlights
Here are a few of the programs and creators we supported in 2023.
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
Kahina Ben Ama
Graduate from the La Fémis 
Résidence program in France
"I joined the Netflix program thanks to my 
course at the Residence of La Fémis. I had 
the honor of being able to work with the 
creators and showrunners of the series 
. I was lucky to accompany the 
entire show from the start of writing until 
the end of filming. It was rich and dense to 
be able t
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
PARTNER SPOTLIGHTS
In 2020, we worked with LISC Fund Management (LFM) to 
create the Black Economic Development Fund (BEDF) with a 
seed investment of 
. The Fund is designed to 
address economic challenges in the Black community and 
help close the racial wealth gap. Over the last three years, 
BEDF has grown into a $250 million mission-driven fund 
investing in Black-led developers, financial institutions, anchor 
organizations and businesses, with a goal of growing these 
organizations and strengthening their contributions to the 
Black community. From inception to the end of 2023, Netflix 
contributions supported BEDF’s inves
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Privacy, Security and Accessibility on Our Service
Inclusion & Diversity
Netflix leverages CNote’s technology to support cash 
management into diversified deposits targeting social 
impact. Netflix has committed $6 million to CNote Impact 
Cash® funds to be deposited with mission-driven depository 
institutions (DIs). Deposits are deployed with a network of 
impact-driven depository institutions which have supported 
over 16,000 Black, Indigenous, People of Color (BIPOC) and 
low-to-moderate income communities and individuals, as 
well as women entrepreneurs.
Additionally, Netflix made a fixed income commitment of 
 supporting loans to community development financial 
institutions (CDFIs) with a focus
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Inclusion & Diversity
Privacy, Security and Accessibility on Our Service
Privacy
When members sign up for any plan we ask for very limited 
information— email, name and method of payment. In some 
countries, Netflix also offers an ad-supported plan which 
allows members to enjoy our service at a lower price with 
limited ads. When someone signs up for our ad-supported 
plan, we also ask for date of birth and gender.
Our 
 ensure our 
engineering and business teams are aligned on our approach 
to privacy. And our Privacy Statement provides members with 
a detailed explanation of our privacy practices, including: the 
information Netflix collects or receives from each member; 
information from our partn
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Inclusion & Diversity
Privacy, Security and Accessibility on Our Service
Information and 
Cybersecurity
We regularly assess risks from cybersecurity and technology 
threats and monitor our information systems for potential 
vulnerabilities. We use a widely adopted risk quantification 
model to identify, measure and prioritize cybersecurity and 
technology risks and develop related security controls and 
safeguards. We conduct regular reviews and tests of our 
information security program and also leverage audits by our 
internal audit team, tabletop exercises, penetration and 
vulnerability testing, red team exercises, simulations and 
other exercises to evaluate the effectiveness of our 
information
Keyword: governance
Governance
Appendix
Social
Culture and Engagement
Inclusion & Diversity
Privacy, Security and Accessibility on Our Service
Accessibility on our Service
We believe all of our members should be able to enjoy our 
series, films and games, regardless of language, device, 
connectivity, or ability. Accessibility is just as important as the 
aesthetics, speed and stability of our service.
That’s why we conduct research with current and prospective 
members aimed at 
 to perceiving, 
navigating and interacting with Netflix, and design solutions 
to remove those barriers. We build compatibility with 
assistive listening systems, brightness controls, keyboard 
shortcuts, screen readers, larger font size and voice 
commands into our products. Our mobile apps t
Keyword: governance
Governance
From our earliest days mailing DVDs, to our current 
role as one of the world’s leading entertainment 
services, we’ve managed our business with our eye 
on the long term. This approach has served our 
members, employees and shareholders well — 
allowing us to entertain the world and continue to 
grow our business. 
Corporate Governance
Enterprise Risk
Ethics and Compliance
IP Protection & Piracy
ESG Report 2023
Board Composition and 
Structure
Our Board is composed of 
 who have served as Board members and 
executives at some of the world’s most successful companies. 
We believe that the Board is well situated to navigate the 
changing competitive environment we operate in, and that a 
diverse mix of skills, experience, perspectives and