News Corp.

"Paper suppliers must ensure that the paper procured by News Corp for its printed publications contains fiber that are: ● Legally harvested. ● Not harvested from tropical forests, mixed tropical hardwood, or from Acacia & Ramin trees. ● Not harvested in forests where biodiversity or High Conservation Values (HCVs) are threatened (e.g. areas of old growth and/or endangered forests). ● Not contributing to deforestation, including not harvested from areas being converted to plantations or non-forest use, which is one of the leading causes of deforestation according to the World Wildlife Fund (WWF) and other organizations." 

"We recognize that forests and their soils play a critical role in mitigating climate change and in the health of the planet, and we are committed to delivering the products our customers want while ensuring the responsible stewardship of the world’s natural resources." 

"News Corp's process for identifying deforestation risks and/or opportunities is the same process used to identify and monitor other pressures that could similarly impact the business. At the enterprise level, News Corp uses the WRI Global Forest Watch platform to identify and track substantive business risks with our paper sourcing... We are particularly concerned with the 12% increase in rainforest destruction from 2019 to 2020, as noted by WRI. It should be noted that we do not source any paper from the countries listed by WRI as the top 2020 primary forest loss countries, and no rainforest paper is sourced by News Corp per our Global Paper Sourcing policy. The nature of the Global Environmental Initiative (GEi) as a corporate-wide program ensures senior management involvement and frequent reviews of the GEi's progress and findings. As part of this corporate-wide program, impacts on and risks to the business overall are regularly shared with senior management, including members of the Board of Directors, who recently have been tasked with oversight of all ESG matters."; "The paper News Corp purchases from our suppliers are used in our newspaper and book publishing products, and 67 % of our total FY2020 revenue comes from our Dow Jones, Book Publishing, and News Media segments and so any changes in availability and quality of forest risk commodities (i.e., timber) could have a significant impact on the company's ability to procure paper and maintain operations."

"Forests-related issues have been recently elevated to the Board of Directors, with oversight by the Nominating and Corporate Governance (NCG) Committee. The NCG Committee reviews Environmental, Social, & Governance (ESG) issues as a standard agenda item during their scheduled meetings, and relevant items are reviewed with the board chair. Our Global Environmental Initiative (GEI), part of our "Corporate Citizenship" initiative that encompasses philanthropy and volunteerism in addition to environmental initiatives, provides the platform to reduce our environmental impact. The Global Head of Government Affairs, who reports to the CEO, a member of the Board of Directors, has direct responsibility for our GEI program. The Global Head of Government Affairs, who reports to the CEO, a member of the Board of Directors, has direct responsibility for our GEI program. Day to day implementation and management of relevant forest sustainability programs are handled by the corporate GEI Committee, made up of cross-functional team leaders at each business. This committee is led by the VP of EHS & Sustainability, who provides strategic and operational leadership for the global enterprise and acts as a Chief Sustainability Officer (CSO) in interactions with executives, and reports to the Global Head of Government Affairs. Members of the board are periodically updated on GEI activities, and the CEO is ultimately responsible to make any final decisions on sustainability matters."

"Sustainability performance against corporate carbon reduction and forest management targets are reviewed in performance reviews. Bonuses are tied to company performance and the performance of our suppliers to meet our business objectives."

"In fiscal 2020, News Corp generated a carbon footprint of 143,342 metric tons of carbon dioxide equivalents (CO2e) for our operational emissions (scopes 1 and 2). Highlights include: • A 30% reduction from base year fiscal 2016, well ahead of schedule to meet our science-based approved target of 60% reduction by fiscal 2030."