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Mass media conglomerate
Viacom and CBS merged in 2019. Brands include CBS, MTV, Comedy Central, Nickelodeon, Paramount, and Showtime. Acquired the Ten Network in Australia in 2019.
In 2019, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. Viacom received a CDP Climate Change Score of B.
Source: CDP (2019)
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2020)
Viacom received a score of 38.1/100 and CBS received 10.6/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor. Viacom and CBS merged in 2019.
Source: Newsweek (2017)
CBS received an S&P Global ESG Score of 12/100, and Viacom received 18/100 in the Media category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices. Viacom and CBS merged later in 2019.
Source: S&P Global (2019)
As You Sow's 2019 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). CBS's CEO, came in at number 4 on the list, having been paid US$69,332,723 in 2019, while Viacom's CEO came in at number 47, having been paid US$20,315,158. CBS and Viacom merged in late 2019. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow (2019)
Viacom was named in the Working Mother 100 Best Companies 2018 for being a mum-friendly employer. Listed companies help working parents succeed at home and at work by providing expanded parental leaves, more flexibility with work hours, assistance for special needs, and opportunities for career development.
Source: Working Mother (2018)
In 2019, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. CBS received a CDP Climate Change Score of C.
Source: CDP (2019)
Viacom is a member of the ICTI Ethical Toy Program, the global standard for ethical toy manufacture. The Ethical Toy Program focuses on social sustainability issues which impact well-being of workers involved in toy manufacture globally. However human rights groups including SOMO and China Labor Watch have criticised the Program, with investigators finding serious labour rights violations occurring in ICTI-certified factories.
Source: ICTI Ethical Toy Program (2020)
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: Modern Slavery Registry (2016)
Viacom holdings include: MTV, Nickelodeon/Nick-at-Nite, VH1, BET, Comedy Central, Paramount Pictures, Paramount Home Entertainment, Atom Entertainment, and music game developer Harmonix. Viacom 18 is a joint venture with the Indian media company Global Broadcast news.
Source: Stop Big Media (2010)
CBS Corporation owns the CBS Television Network, CBS Television Distribution Group, the CW (a joint venture with Time Warner), Showtime, book publisher Simon & Schuster, 30 television stations, and CBS Radio, Inc, which has 130 stations. CBS is now the leading supplier of video to Google's new Video Marketplace.
Source: Stop Big Media (2010)
|Revenue||US$28 billion in 2019|
|Subsidiaries||Ten Network Holdings Ltd|
|Address||New York, New York, USA|