Netflix

Netflix is a global streaming entertainment service offering movies, TV series, and games, with unlimited viewing on any internet-connected screen for an affordable, no-commitment monthly fee. It serves over 300 million paid memberships in over 190 countries.

Positive signals

Sustainalytics' 2025 ESG Risk Ratings indicate that Netflix has moderate exposure to material ESG risks but is managing these risks at an average industry level, with no recent critical controversies reported.

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According to S&P Global's 2024 ESG Score, Netflix demonstrates ongoing efforts to manage material ESG risks and opportunities, with performance evaluated across environmental, social, and governance dimensions.

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Netflix matches 100% of its nonrenewable energy use with renewable energy certificates, including energy consumed by its cloud-hosting partners, as disclosed in its first Sustainability Accounting Standards Board (SASB) Report released in February 2020.

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Netflix has demonstrated willingness to engage with shareholders on ESG transparency, leading to the withdrawal of a shareholder resolution after the company agreed to disclose material ESG-related policies and performance metrics.

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Concerns

Morningstar and SASB highlight that Netflix's disclosure on ESG issues has historically lagged behind peers, requiring shareholder intervention to prompt more comprehensive reporting.

LOW

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Netflix has received low management scores on issues such as corporate governance, business ethics, and human capital, as noted by Morningstar, reflecting concerns about the company's governance practices.

MEDIUM

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Sustainalytics identifies Netflix's most material ESG risks as the environmental footprint of hardware infrastructure, data privacy and advertising standards, data security, workforce diversity, and intellectual property, with ongoing exposure to these risks.

MEDIUM

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Netflix

Positive signals

Sustainalytics' 2025 ESG Risk Ratings indicate that Netflix has moderate exposure to material ESG risks but is managing these risks at an average industry level, with no recent critical controversies reported.

According to S&P Global's 2024 ESG Score, Netflix demonstrates ongoing efforts to manage material ESG risks and opportunities, with performance evaluated across environmental, social, and governance dimensions.

Netflix matches 100% of its nonrenewable energy use with renewable energy certificates, including energy consumed by its cloud-hosting partners, as disclosed in its first Sustainability Accounting Standards Board (SASB) Report released in February 2020.

Netflix has demonstrated willingness to engage with shareholders on ESG transparency, leading to the withdrawal of a shareholder resolution after the company agreed to disclose material ESG-related policies and performance metrics.

Concerns

Morningstar and SASB highlight that Netflix's disclosure on ESG issues has historically lagged behind peers, requiring shareholder intervention to prompt more comprehensive reporting.

Netflix has received low management scores on issues such as corporate governance, business ethics, and human capital, as noted by Morningstar, reflecting concerns about the company's governance practices.

Sustainalytics identifies Netflix's most material ESG risks as the environmental footprint of hardware infrastructure, data privacy and advertising standards, data security, workforce diversity, and intellectual property, with ongoing exposure to these risks.

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