March 30, 2021
Netflix will aim to achieve net zero greenhouse gas emissions by the end of 2022, and every year thereafter with a plan called Net Zero + Nature, according to a blog post.
“Scientists around the world agree we need to stabilize the climate at no more than a 1.5ºC temperature rise to avoid the worst results of climate change — and ensure healthy life support systems for our children,” wrote Emma Stewart, Ph.D. and Netflix sustainability officer.
Netflix pledges to:
Step 1: Reduce its emissions by reducing internal emissions, aligning with the Paris Agreement’s goal to limit global warming to 1.5°C. The company will also reduce Scope 1 and 2 emissions by 45% by 2030, based on the Science-Based Targets Initiative Guidance.
Step 2: Retain existing carbon storage. By the end of 2021, for emissions it can’t avoid internally, including Scope 3 emissions, it will fully neutralize them by investing in projects that prevent carbon from entering the atmosphere. Netflix will start by conserving at-risk natural areas like tropical forests that are critical to meeting global climate goals.
Step 3: Remove carbon from the atmosphere. By the end of 2022, Netflix will incorporate investment in the regeneration of critical natural ecosystems to achieve net zero. These projects, such as restoring grasslands, mangroves, and healthy soils, capture and store carbon, in addition to other benefits.
“Nature is at the heart of our commitment, as environmental leaders like Christiana Figueres tell us we can’t achieve climate goals without protecting and regenerating natural ecosystems,” she wrote. “This approach buys us time to decarbonize our economy, while restoring these life support systems.
“For example, the Lightning Creek Ranch project in Oregon shows our ‘Retain’ goal in practice — with our investment helping preserve North America’s largest bunchgrass prairie. In Kenya, we’re supporting the Kasigau Corridor REDD+ Project, protecting the dryland forest that’s home to hundreds of endangered species and provides local residents alternative incomes to unsustainable activities like poaching.”