Warner Bros.
Warner Bros. is a fully integrated entertainment company and a global leader in the creation, production, distribution, licensing, and marketing of all forms of entertainment, including movies, television, and video games.
Positive signals
Warner Bros. Discovery has established a formal ESG governance structure, with board-level oversight and integration of ESG considerations into its business strategy, as documented in its 2023 sustainability reporting.
Sustainalytics identifies Warner Bros. Discovery as having robust management of material ESG issues, with a focus on responsible content, data privacy, and supply chain management. The company’s ESG Risk Rating reflects moderate overall risk, and no critical controversies have been recorded in the past three years.
Concerns
Warner Bros. Discovery’s highest controversy level in the past three years, as tracked by Sustainalytics, was classified as 'moderate,' indicating the company has faced some ESG-related incidents but none that reached the highest severity.
MEDIUM
Source →Fitch Ratings downgraded Warner Bros. Discovery’s issuer default rating to 'BB+' in June 2025, citing financial and governance risks related to complex corporate restructuring and debt exchange, which may impact the company’s ability to invest in ESG initiatives.
HIGH
Source →Warner Bros. Discovery faced anti-ESG shareholder proposals in 2023 and 2024, with some investors expressing concerns about the company’s workforce management and employee policies. However, these proposals received minimal support (1.9% in 2024), suggesting limited shareholder consensus on ESG-related risks.
LOW
Source →
