Viaplay recognised for sustainability performance
March 2, 2023
Viaplay Group has been recognised for its sustainability performance by Sustainalytics for the second consecutive year, following an analysis of over 15,000 companies around the world, and has received both a 2023 Industry Top-Rated Badge and a Regional Top-Rated Badge. In addition, Viaplay Group’s 2030 emission reduction targets for greenhouse gases (GHG) have been validated by the Science Based Targets Initiative (SBTi) as in line with the Paris Agreement’s trajectory for limiting global warming to 1.5°C.
Sustainalytics now ranks Viaplay Group 8th of 294 global media businesses. Its ratings assess a company’s exposure to industry-specific material sustainability risks, and how well the company is managing these risks. Viaplay Group’s score has improved year-over-year, and the company is classified as low risk.
The SBTi-validated targets are for Viaplay Group to reduce its absolute scope 1 and 2 GHG emissions by 46.2 per cent, and absolute scope 3 GHG emissions from business travel by 46.2 per cent, by 2030, with 2019 as the base year. Viaplay Group has also committed to 71 per cent of its suppliers of purchased goods and services (measured by emissions) having their own science-based targets by 2026, as part of efforts to reduce emissions across its supply chain.
Anders Jensen, Viaplay Group President and CEO, commented: “We are proud that our sustainability leadership in our industry and region is so widely recognised. At the same time, we can do even more. Viaplay Group’s emission reduction targets are now officially aligned with the Paris Agreement’s most ambitious trajectory – exactly what is required from one of the world’s most sustainable entertainment providers.”
Lena De Geer, Viaplay Group Head of Sustainability, added: “Our positive impact continues to grow and in 2023 will be broader than ever. For instance, we will launch a programme supporting sustainable production practices, contribute to meaningful climate change mitigation and safeguard responsible productions. We aim to lead by example while engaging even more with our partners and industry.”