In 2024, Netflix completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Netflix has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 50,488a | 25,790a | 59,388a | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 0a | |
Location-Based | 40,684a | 30,303a | 41,411a | |
Total Scope 3 | 986,738a | 840,778a | 1,110,989a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.2945a | 0.7648a | 1.8784a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Netflix amounted to 91,172 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Netflix increased by 62.54%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Netflix were 50,488 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Netflix's Scope 1 emissions have decreased by 1.94%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Netflix's Scope 1 emissions increased by 95.77%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Netflix reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 40,684 tCO₂e using the location-based method.a
Since 2019, Netflix's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 52.98%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Netflix's Scope 2 emissions (Location-Based) rose by 34.26% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Netflix reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Netflix reported 986,738 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Netflix includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Netflix reported total Scope 3 emissions of 986,738 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.75% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.25% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Netflix's Scope 3 emissions have decreased by 20.1%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Netflix's Scope 3 emissions increased by 17.36%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Netflix reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Netflix's Scope 3 emissions were:a
In 2024, Netflix reported Scope 1 greenhouse gas (GHG) emissions of 50,488 tCO₂e and total revenues of USD 39,002 millions. This translates into an emissions intensity of 1.29 tCO₂e per millions USD.a
In 2024, Netflix reported a Scope 1 emissions intensity of 1.29 tCO₂e per millions USD. Compared to the peer group median of 1.52, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Netflix ranked 11 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Netflix is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Netflix reported a total carbon footprint of 1,077,910 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.19% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Netflix's total carbon footprint was Scope 3 emissions, accounting for 91.54% of the company's total carbon footprint, followed by Scope 1 emissions at 4.68%.a