Netflix Engagement Case Study on ESG Practices

This case study documents the engagement of Hermes Equity Ownership Services (EOS) with Netflix regarding environmental and social governance (ESG) practices since 2018. It outlines the background of the engagement, highlighting the importance of addressing climate change and diversity, equity, and inclusion within corporate ESG frameworks. The study details the initial concerns regarding Netflix's lack of disclosure on greenhouse gas emissions and diversity representation. It describes the collaborative efforts made by EOS to encourage Netflix to adopt science-based emissions targets and improve transparency in its ESG reporting. The case study also presents the company's progress, including the publication of its first ESG report and the establishment of climate targets aligned with the Paris Agreement. Additionally, it notes governance reforms implemented by Netflix in 2022 and outlines future engagement strategies focused on ethical decision-making and enhancing diversity within the company's leadership.