ESRS E1 - Climate change
Topic | Climate change |
Sub-topic | Energy |
Sub-sub-topic |
|
IRO | Risk |
Location | Own operations |
Time-frame | Medium-term |
Title | High energy consumption in media operations poses financial and environmental risks. |
Example | Media companies, relying heavily on data centres and broadcast facilities, face significant energy consumption. This not only contributes to greenhouse gas emissions but also increases operational costs amid rising energy prices. For instance, a major broadcaster has begun investing in renewable energy and energy-efficient technologies, like LED lighting and optimized server management, to reduce costs and environmental impact. |
Reference | BBC Sustainability Report, 2023 |
ESRS S1 - Own workforce
Topic | Own workforce |
Sub-topic | Working conditions |
Sub-sub-topic | Work-life balance |
IRO | Impact - potential positive |
Location | Own operations |
Time-frame | Medium-term |
Title | Work-life balance increases business productivity. |
Example | Promoting work-life balance can improve employee satisfaction and productivity. The New York Times offers flexible working arrangements to support work-life balance. |
Reference | The New York Times Sustainability Report, 2023 |
ESRS S2 - Workers in the value chain
Topic | Workers in the value chain |
Sub-topic | Equal treatment and opportunities for all |
Sub-sub-topic | Diversity |
IRO | Opportunity |
Location | Supply chain (upstream) |
Time-frame | Long-term |
Title | Promoting diversity in media production. |
Example | Media companies like BBC prioritise diversity and inclusion in their production teams to reflect diverse perspectives and cultures in their content. By partnering with diverse suppliers and supporting inclusive hiring practices, BBC enhances creativity, innovation, and audience engagement. |
Reference | BBC Diversity and Inclusion Report, 2023 |
ESRS S4 - Consumers and end-users
Topic | Consumers and end-users |
Sub-topic | Information-related impacts for consumers and/or end-users |
Sub-sub-topic | Privacy |
IRO | Risk |
Location | Downstream |
Time-frame | Short-term |
Title | Risks of data breaches and privacy violations. |
Example | Media companies collect and store vast amounts of consumer data, increasing the risk of data breaches and privacy violations. Netflix implements robust data protection measures, including encryption protocols and regular security audits, to safeguard customer information and mitigate potential legal and reputational risks associated with data breaches. |
Reference | Netflix Annual Privacy and Security Report, 2023 |
ESRS G1 - Business conduct
Topic | Business conduct |
Sub-topic | Corruption and bribery |
Sub-sub-topic | Prevention and detection including training |
IRO | Impact - potential negative |
Location | Own operations |
Time-frame | Medium-term |
Title | Corruption in the media has potential to cause widespread harm. |
Example | Corruption in the media holds great potential to negatively impact employees, customers, and wider communities. Unethical media and communication practices can have significant negative impacts on politics, the economy, and the environment. |
Reference | Media & Communication Sustainability Report, 2023 |