Strategic Intelligence: Net Zero Strategies in Film and TV
Description
Strategic Intelligence: Net Zero Strategies in Film and TV
Summary
Of the 10 major film and TV companies analyzed in this report, eight reduced Scope 1 and 2 emissions between 2021 and 2023, led by ITV, Netflix, and Paramount. Nine of the selected 10 companies have set short-term emissions targets (with a target year of 2035 or earlier); of those, five have been approved by the Science-based Targets Initiative (SBTi), a verifier of corporate emissions targets.
The film and TV sector is concentrating on three main strategies to reach these targets -
What does net zero mean for film and TV companies? Companies achieve net zero emissions by cutting greenhouse gas (GHG) emissions to as close to zero as possible, with any remaining emissions then “offset.”. Film and TV companies rely heavily on physical resources, many with high emissions profiles, and so must work to incorporate sustainable practices and subsequently reduce production-associated emissions.
Sustainability in the film and TV sector starts with scripts. Most film and TV companies carefully outline location and resource requirements for production before filming, making scripts the natural starting point for bolstering sustainability. Some studios have started reviewing their scripts to see where they can reduce emissions from the ground up.
Sustainable production is crucial in reducing emissions. The choices made regarding location, materials, third-party suppliers, and on-set waste management are essential to reducing the carbon impact of film and TV production. Virtual production has emerged as a key initiative for reducing travel to physical locations, but its long-term climate impact is still unclear.
Distribution and exhibition create obstacles to reaching net zero. Determining video streaming and TV broadcasting-related emissions is challenging. Estimates of their carbon impact vary widely, and efforts to reduce these emissions are few and far between. Large multiplex cinemas comprise the bulk of distribution-related emissions and are working to reduce their carbon footprint through initiatives like solar panel installation and waste management.
Who is winning the race to net zero? Of the 10 major film and TV companies analyzed in this report, eight reduced Scope 1 and 2 emissions between 2021 and 2023, led by ITV, Netflix, and Paramount. Nine of the selected 10 companies have set short-term emissions targets (with a target year of 2035 or earlier); of those, five have been approved by the Science-based Targets Initiative (SBTi), a verifier of corporate emissions targets.
Key Highlights
Summary
Of the 10 major film and TV companies analyzed in this report, eight reduced Scope 1 and 2 emissions between 2021 and 2023, led by ITV, Netflix, and Paramount. Nine of the selected 10 companies have set short-term emissions targets (with a target year of 2035 or earlier); of those, five have been approved by the Science-based Targets Initiative (SBTi), a verifier of corporate emissions targets.
The film and TV sector is concentrating on three main strategies to reach these targets -
- Embedding sustainability in development
- Sustainable production
- Sustainable distribution and exhibition
What does net zero mean for film and TV companies? Companies achieve net zero emissions by cutting greenhouse gas (GHG) emissions to as close to zero as possible, with any remaining emissions then “offset.”. Film and TV companies rely heavily on physical resources, many with high emissions profiles, and so must work to incorporate sustainable practices and subsequently reduce production-associated emissions.
Sustainability in the film and TV sector starts with scripts. Most film and TV companies carefully outline location and resource requirements for production before filming, making scripts the natural starting point for bolstering sustainability. Some studios have started reviewing their scripts to see where they can reduce emissions from the ground up.
Sustainable production is crucial in reducing emissions. The choices made regarding location, materials, third-party suppliers, and on-set waste management are essential to reducing the carbon impact of film and TV production. Virtual production has emerged as a key initiative for reducing travel to physical locations, but its long-term climate impact is still unclear.
Distribution and exhibition create obstacles to reaching net zero. Determining video streaming and TV broadcasting-related emissions is challenging. Estimates of their carbon impact vary widely, and efforts to reduce these emissions are few and far between. Large multiplex cinemas comprise the bulk of distribution-related emissions and are working to reduce their carbon footprint through initiatives like solar panel installation and waste management.
Who is winning the race to net zero? Of the 10 major film and TV companies analyzed in this report, eight reduced Scope 1 and 2 emissions between 2021 and 2023, led by ITV, Netflix, and Paramount. Nine of the selected 10 companies have set short-term emissions targets (with a target year of 2035 or earlier); of those, five have been approved by the Science-based Targets Initiative (SBTi), a verifier of corporate emissions targets.
Key Highlights
- The film and TV sector is concentrating on three main strategies to reach net-zero:
- Embedding sustainability in development
- Sustainable production
- Sustainable distribution and exhibition
- This report offers a comprehensive analysis of net zero strategies within the film and TV industry, highlighting the key approaches being implemented by companies to reach this goal.
- It features prominent mining companies making significant progress towards achieving net zero emissions, along with detailed case studies showcasing specific strategies in action.
- Additionally, the report presents detailed Scope 1, 2, and 3 emissions data for 10 major film and TV companies, providing valuable insights into their environmental impact reduction efforts.
- GlobalData’s thematic intelligence ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors.
- This report is essential reading for senior executives to understand how the mining industry is striving towards net zero.
Table of Contents
52 Pages
- Executive Summary
- Why Film and TV Companies Need a Net Zero Strategy
- Strategy 1: Embedding Sustainability in Development
- Strategy 2: Sustainable Production
- Strategy 3: Sustainable Distribution and Exhibition
- Who is Winning the Race to Net Zero?
- Glossary
- Further Reading
- Our Thematic Research Methodology
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Egypt, Key Economic Indicators
- Table 3: Egypt, Commercial Construction Output by Project Type (Real % Change), 2019-28
- Table 4: Egypt, Top Commercial Construction Projects by Value
- Table 5: Egypt, Industrial Construction Output by Project Type (Real % Change), 2019-28
- Table 6: Egypt, Top Industrial Construction Projects by Value
- Table 7: Egypt, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
- Table 8: Egypt, Top Infrastructure Construction Projects by Value
- Table 9: Egypt, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
- Table 10: Egypt, Top Energy and Utilities Construction Projects by Value
- Table 11: Egypt, Institutional Construction Output by Project Type (Real % Change), 2019-28
- Table 12: Egypt, Top Institutional Construction Projects by Value
- Table 13: Egypt, Residential Construction Output by Project Type (Real % Change), 2019-28
- Table 14: Egypt, Top Residential Construction Projects by Value
- Table 15: Egypt, Key Contractors
- Table 16: Egypt, Key Consultants
- Table 17: Egypt, Construction Output Value (Real, $ Million)
- Table 18: Egypt, Construction Output Value (Nominal, EGP Billion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Net zero strategies focus on development, production, and distribution
- Figure 2: Where do corporate green house gas emissions come from?
- Figure 3: A typical net zero strategy
- Figure 4: Emissions across the film & TV value chain
- Figure 5: Sustainability in the film and TV sector starts with scripts
- Figure 6: Examples of films that have gone through the GreenerLight program
- Figure 7: What should generative AI adopters in the film and TV sector do to address its sustainability issues?
- Figure 8: Sustainable film production
- Figure 9: Key sustainability strategies in film production
- Figure 10: Studios are using virtual production to augment the film making process
- Figure 11: The future net carbon impact of virtual production is still unclear
- Figure 12: Map showing the technological processes involved in video streaming
- Figure 13: Video streaming-related emissions reduction strategies
- Figure 14: EMISSIONS PROFILE OF BROADCASTING AND RECEIVING ONE HOUR OF SATELLITE TV
- Figure 15: Cinema operators seeking to reduce carbon emissions face several challenges
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