News Corporation

Broadcasting & Entertainment

NWS

$ 18 0.62

Share price

$ 10 bn

Market Cap

$ 14 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.37x 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

News Corporation aims to reduce Scope 1 + 2 by 60% by 2030 from a base year 2016

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2021

News Corporation aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

News Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2020 at 142 Kt (-59 /-29.3% y-o-y). Also positively, carbon intensity was down at 16 t (-8.4 /-34.7% y-o-y).

News Corporation's Scope 3 emissions was up at 2,505 Kt (+1,042/+71% y-o-y).

The company is committed to reducing Scope 1 + 2 by 60% by 2030 from a base year 2016, which translates into the estimated reduction of -6.2 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -88 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 20% by 2030 from a base year 2016, which translates into the estimated reduction of -133 Kt per annum over the period of FY2021 - FY2030. 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)
2020Q2	142	19	123	2,505	9,008	16
2016Q2	201	19	181	1,463	8,292	24