Netflix

Broadcasting & Entertainment

NFLX

$ 177 (7)%

Share price

$ 79 bn

Market Cap

$ 90 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2021

Netflix aims to reduce Scope 1 + 2 by 45% by 2030 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

1.5°C

GHG emissions and Carbon intensity

Netflix reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 31 Kt (-21 /-40.4% y-o-y). Also positively, carbon intensity declined to 1.2 t (-1.4 /-53.8% y-o-y).

Netflix's Scope 3 emissions declined to 1,068 Kt (-167 /-13.5% y-o-y).

The company is committed to reducing Scope 1 + 2 by 45% by 2030 from a base year 2019, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	31	31	0.14	1,068	24,996	1.2
2019Q4	52	51	0.57	1,235	20,156	2.6