2022 CSR Report
2022 CSR Report
Corporate Social
Responsibility Report
Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
Table of Contents
Introduction 03 Investing in Our People 59
Talent Management Strategy 60
Our Approach 04 Employee Feedback & Recognition 61
Our Businesses 05 Safety, Health & Well-Being 62
Setting Our CSR Priorities & Strategy 06 Talent Development 64
Fiscal 2022 Highlights 07 Comprehensive Rewards Package 66
CSR Oversight & Accountability 10
Stakeholder Engagement & Participation 11 Operating Responsibly 68
Charitable Giving Approach 12 Corporate Governance 69
Ethics 69
World of Belonging 13 Risk Oversight 70
DIVERSITY, EQUITY & INCLUSION Human Rights 70
Overview 14 Supply Chain 71
People 15 Guest Safety 73
Culture 18 Product Safety 74
Content 19 Privacy & Cybersecurity 75
Community 23 Digital Wellness & Responsible Content 76
Transparency & Accountability 28 Responsible Advertising & Marketing 77
Journalistic Integrity 78
World in Balance 29 Tax Strategy 78
ENVIRONMENT & CONSERVATION
Overview 30 Data & Reporting Frameworks 79
2030 Environmental Goals 30 Overview 80
Emissions 31 Fiscal 2022 Data Table 81
Water 34 TCFD Index 89
Waste 35 SASB Index 90
Materials 38 SDG Indicators 95
Sustainable Design 39 Forward-Looking Statements 99
Wildlife Care & Conservation 42
World of Hope 45
COMMUNITY
Overview 46
Children’s Hospitals 47
Wish Granting 51
Volunteering 53
Stories of Hope in Communities Around the World 56
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
Introduction
At The Walt Disney Company, our mission is to We encourage a world in balance by lowering the We continue to invest in our people. The underlying
entertain, inform, and inspire people around the environmental impact of our operations and investing character of our Company comes from the hard work,
globe through the power of unparalleled storytelling, in wildlife care and conservation. energy, and dignity of our people. Investing in the
reflecting the iconic brands, creative minds, and health, safety, and overall well-being of our employees;
This past year we launched the Disney Wish, designed
innovative technologies that make ours the world’s providing opportunities for development and career
to be among the most energy-efficient cruise ships
premier entertainment company. mobility; and maintaining a supportive, respectful
on the water. We also continued to reduce the
workplace require concrete solutions. In 2022, we
Since our founding nearly 100 years ago, storytelling environmental impact of our productions and
expanded our education investment and career
has fueled our Company, and contributing positively received 58 Green Seals and 38 Gold Seals from
development program, Disney Aspire, and launched
to our communities has been integral to how we the Environmental Media Association. In December
a new virtual leadership program for senior leaders
operate. This report shares our track record and ongoing 2022, we updated our emission reduction goals
called Disney IGNITE. We also reported adjusted pay
efforts to make the world better for individuals, to include our broader value chain and we plan
ratios, which were at least 99% across gender, race,
families, and communities through our stories, to submit our goals to the Science Based Targets
and ethnicity in the U.S.
experiences, operations, and philanthropy. initiative for validation. And our Disney Conservation
Fund contributed nearly $6.7 million in grants to more We are focused on operating responsibly
We inspire a world of belonging by embracing stories
than 60 nonprofit organizations across 32 countries. and on conducting our business in accordance with
and storytellers who reflect the life experiences of
high standards of ethics. In 2022, we updated our
people from across the globe. In fiscal 2022, we released We support a world of hope and deliver joy,
Human Rights Policy, enhanced our Supply Chain
award-winning and critically acclaimed films and shows comfort, and peace of mind to our communities when
Code of Conduct, and celebrated the 10th anniversary
that respect and celebrate different communities, such they’re needed most through our charitable giving,
of our Supply Chain Investment Program, which
as Encanto, Abbott Elementary, Prey, Turning Red, which totaled approximately $233 million in fiscal
provides grant funding to support tools and programs
Reservation Dogs, and Ms. Marvel, among others. 2022. We have now invested more than $75 million in
that improve working conditions and enhance
our $100 million hospital initiative to bring the positive
We also continue to make progress toward a workforce accountability in global supply chains.
power of Disney stories and characters to more than
reflective of the audiences and guests we serve.
700 children’s hospitals and pediatric places of care As you read this report, we hope you share our
This past year we continued to invest in programs
around the world. We also continue to grant thousands excitement about the progress we made this past
like Disney’s Veterans Institute, Disney on the Yard,
of wishes annually to children facing critical illness. year and the many opportunities ahead to deliver
Women’s Talent Network, and Black Talent Network,
meaningful impact from our efforts. We are excited
to help attract and develop a more diverse workforce Our success, however, is defined not by our efforts,
to celebrate our 100th anniversary; create even
at all levels. We also celebrated the 10th anniversary but by the actual good we do for the communities
more magical experiences; and further serve our
of our Heroes Work Here program, which has resulted we serve. True community engagement is about more
employees, guests, consumers, and communities
in more than 12,500 veterans being hired across the than writing a check. Through our Disney VoluntEARS
in 2023 and beyond.
Company through the end of 2022. And we launched program, our employees and cast members worldwide
Disney Future Storytellers to increase access to have collectively contributed nearly 13 million hours
careers in media, entertainment, technology, and of service to their communities since the program
hospitality. Additionally, more than $140 million was started nearly 40 years ago.
of our charitable giving was directed to programs
serving underrepresented communities.
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
Our Approach
In This Section
Our Businesses 05
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
OUR BUSINESSES
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
7 out of 11 Board of Director Scope 1, 2 & 3 emissions targets $230+ million total charitable giving
nominees at our 2023 Annual Meeting Plan to submit emissions targets to the Including $140+ million directed to programs
Are women and/or racially/ethnically diverse Science Based Targets initiative in 2023 serving underrepresented communities2
~47% of our U.S. employees 200+ megawatts of solar capacity 480,000+ volunteer hours
Were People of Color Commissioned or announced as of Contributed by employees and cast
fiscal 2022 members through Disney VoluntEARS
~51% of our employees worldwide
Were women 58% of total Company Expanded children’s hospital
operational waste concepts and experiences
12,500+ veterans hired Diverted from landfill and incineration In several U.S. states, Singapore, Japan,
Through our Heroes Work Here initiative India, and eight countries across the
from 2012 through the end of 2022; ~$6.7 million in Disney Europe, Middle East & Africa region
celebrated the program’s 10th anniversary Conservation Fund grants
Supported 60+ nonprofits focused 160,000+ toys collected
$800+ million on species and habitat protection Through the Disney Ultimate Toy Drive
Spent with diverse suppliers 1
for the Marine Toys for Tots Program
Environmental Media
$5 million Association awards 3+ million books
Pledged to organizations serving the Two EMAs awarded, as well as Donated to First Book to support
LGBTQIA+ community 58 Green Seals and 38 Gold Seals under-resourced educators and children
OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
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OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
World’s Most Admired America’s Most Responsible Dow Jones Sustainability FTSE4Good Global Index
Companies, #5 Companies, #39 Index North America FTSE Russell, August 2022
Fortune, February 2022 Newsweek & Statista, S&P Global Dow Jones Indices,
December 2022 December 2022
First Tier Company Corporate Equality Index, Best Places to Work Distinguished Supplier
CPA Zicklin Index, October 2022 Perfect Score, 16th for Disability Inclusion, Diversity Award
consecutive year 100% Score Minority Business
Human Rights Campaign Disability:In, August 2022 Development Agency,
Foundation, January 2022 September 2022
Best Employers: Excellence Corporate Partner 10 National Edward 8 Salute to Excellence Awards
in Health & Well-being of the Year R. Murrow Awards National Association of Black
Business Group on Health, Student Veterans of America, for Journalism Journalists, August 2022
April 2022 January 2022 Radio Television Digital News
Association, August 2022
5 Annual Safety Awards Central Florida Diversity Ocean Champion Award 4 GLAAD Media Awards
Unified Safety Council, Champion Award International Fund for Animal 33rd Annual GLAAD Media
March 2022 The National Association Welfare, August 2022 Awards, April 2022
of Minority Contractors,
November 2022
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
NGOs & SOCIAL IMPACT • Signature social impact initiatives NGOs and social impact organizations address challenges, both globally and locally. Their
ORGANIZATIONS • Campaigns (e.g., cause marketing, awareness campaigns) expertise and on-the-ground programs enable us to reach individuals and communities
• Multi-stakeholder coalitions that need us most, such as historically underrepresented communities that we aim to
• Charitable giving serve through our Disney Future Storytellers program. Additionally, these organizations
• Employee volunteering and giving educate us on the evolving trends regarding impact areas and/or regions.
• Consultation on priority topics (e.g., climate change,
human rights, diversity, environmental goals)
SHAREHOLDERS • Management and Board engagement Members of management, the Board, and our Investor Relations team have a strong program
• Earnings calls of engagement with shareholders. For example, in calendar year 2022, our Investor Relations
• Annual shareholder meetings team contacted more than 95% of our largest 50 shareholders, and our Investor Relations
• Conferences and events team and Board held two formal rounds of shareholder engagement. This was in addition
to regular ongoing engagement throughout the year with investors of all sizes from around
the world. The feedback gathered during these conversations helps inform the Board’s
thinking, including on CSR practices and disclosures.
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Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
OUR BUSINESSES SETTING OUR CSR PRIORITIES & STRATEGY FISCAL 2022 HIGHLIGHTS CSR OVERSIGHT & ACCOUNTABILITY STAKEHOLDER ENGAGEMENT & PARTICIPATION CHARITABLE GIVING APPROACH
World of Hope
COMMUNITY
Grants that bring comfort, optimism, and
joy to our communities and inspire hope,
especially for children
3 Charitable giving that we report includes grants specifically
directed toward historically underrepresented and protected
communities, including the Asian American, Pacific Islander, We are committed to directing >50% of our
Black, Hispanic, Native American/Indigenous, and LGBTQIA+ annual charitable giving to programs benefiting
communities, as well as People with Disabilities, veterans, and
women. We also include grants to organizations where a underrepresented communities. In fiscal 2022,
percentage of their services reaches underrepresented and ~60% of our ~$233 million in total cash and in-kind
protected communities. If the organization spends a majority of charitable contributions supported this commitment. 3
their efforts on these communities, we count the entire grant,
and if the organization does not spend a majority, we count a
proration of the grant. For grants to these two types of
organizations, we rely on their self-reported percentages
regarding communities served. On a sample basis, we validate
the percentages that we report. 12
Table of Contents Introduction Our Approach World of Belonging World in Balance World of Hope Investing in Our People Operating Responsibly Data & Reporting Frameworks
World of
Belonging
We inspire a world of belonging
through stories and storytellers who
reflect the rich diversity of our world.
In This Section
Overview 14
People 15
Culture 18
Content 19
Community 23
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Diversity, Equity
& Inclusion Our Diversity, Equity, and
Inclusion team is working across
OVERVIEW
the Company to inspire positive change.
Disney is committed to celebrating an inclusive and
By supporting the creation of content
respectful world. We create authentic and unforgettable
stories, characters, experiences, and products that capture and experiences that resonate with our
the imagination of our global audiences. ever-expanding global audiences,
Our workplace practices help us to make progress toward
promoting diverse representation, and
attracting, retaining, and developing a workforce that reflects collaborating with numerous nonprofit
the diverse life experiences of our audiences and guests. organizations and cultural experts, we are
Disney also collaborates with community organizations to helping Disney remain a place for
create opportunity around the world through charitable
boundless creativity and belonging.
giving and strategic endeavors. These efforts are described
in the following sections that reflect our diversity, equity,
and inclusion (DEI) focus areas: Latondra Newton
Senior Vice President,
PEOPLE CULTURE CONTENT COMMUNITY Chief Diversity Officer,
TRANSPARENCY & ACCOUNTABILITY The Walt Disney Company
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PEOPLE
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CREATING OPPORTUNITIES FOR HBCU ALUMNI ATTRACTING DIVERSE TECH TALENT BREAKING BARRIERS TO ENTRY DEVELOPING DIVERSE TALENT IN ANIMATION
Now in its second year, Disney on the Yard continues Disney is working to attract wide-ranging talent to In fiscal 2022, Disney’s Lucasfilm launched the The Walt Disney Studios supports the professional
to build a community for alumni from Historically our technology teams. We are a proud supporter Get in the Door initiative, which offers a robust development initiatives of LatinX in Animation
Black Colleges and Universities (HBCUs) and provide of The Grace Hopper Celebration of Women in website and documentary video series showcasing (LXiA), a signature program of the Latino Film
meaningful opportunities for HBCU students who Computing, the world’s largest gathering of women various Disney career opportunities and how Institute, by hosting talks to inspire artists in their
dream of one day working in the entertainment field. and nonbinary people in technology. In fiscal 2022, to build a rewarding career in the industry. The own work and facilitating networking and hiring
The program builds on Disney’s support of HBCUs we supported the conference, both in-person initiative encourages talent from underrepresented opportunities for LXiA members. LXiA is dedicated to
through scholarships and engagement with students, and virtually, as a top-tier Emerald sponsor with backgrounds to explore careers in entertainment uniting a talented pool of diverse innovators across
faculty, and alumni. Focused on building a robust, more than 300 Disney representatives attending. production. It reaches a broad cross-section of the animation, visual effects, and gaming industries.
long-term pipeline of Black talent, in fiscal 2022 Since 2020, Disney has also participated in audiences, allowing them to see themselves in Through our collaboration, talented groups of Latino
Disney on the Yard launched an inaugural summer AfroTech, an annual gathering of technologists these roles through a wide network of social creators are empowered to craft exceptional stories
program in which students from HBCUs received focused on celebrating Black and African American platforms, presentations, and recruitment avenues. across multiple platforms and help bring valuable
unique on-the-job experience with Disney. community, culture, and innovation. These perspectives to our talent pipeline.
conferences, and many others, enable Disney
to engage with prospective talent and share
innovations and content from across the Company.
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SPOTLIGHT
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CULTURE
Our Intention
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CONTENT
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SUPPORTING MUSLIM ARTISTS CREATIVE TALENT PIPELINE PROGRAM DEVELOPING EMERGING FILMMAKERS AUTHENTIC & ACCURATE PORTRAYALS
In fiscal 2022, we collaborated with the Pillars Fund Disney’s Creative Talent Development & Inclusion Disney Launchpad: Shorts Incubator serves as an entry Disney collaborates with many leading community
to create the Pillars Muslim Artist Database, which (CTDI) team connects writers, producers, point for emerging filmmakers, including writers and organizations to guide content creators in developing
contains profiles of actors, directors, cinematographers, directors, and other creative talent from a directors, from underrepresented backgrounds and authentic stories and accurate cultural portrayals. These
sound technicians, and other Muslim professionals variety of backgrounds to opportunities across with varied perspectives, with the goal of making an organizations include CAPE, GLAAD, IllumiNative,
working in the U.S. film industry. The network is DGE. In fiscal 2022, 100% of CTDI Writers and original short for Disney. In fiscal 2022, Launchpad NALIP, National Hispanic Media Coalition, Pillars,
accessible to directors, producers, and casting directors Directors program participants were staffed on expanded from six directors to 12 writers and directors RespectAbility, and the Geena Davis Institute on Gender
who can search the profiles and invite artists to DGE-scripted series. CTDI continues to provide after receiving nearly 2,000 applications. Season in Media. In addition, in fiscal 2022 Disney collaborated
collaborate on their projects. direct mentorship and support to talent through Two filmmakers come from a variety of backgrounds, with Gold House to launch an industry-wide media
events, networking opportunities, and coursework, including Black, Native American, Native Hawaiian, guide that provides resources to support creators in
including the DGE Writing Program, Directing and LGBTQIA+. The program, which also expanded developing authentic and affirming representation of
Program, and Production Assistant Program. to include creative executives across the Company as Asian & Pacific Islander communities.
mentors, is on track to release six short films in 2023.
Learn more about CTDI’s efforts: Diversity has to be on the page Phillip Yaw Domfeh
before it can ever show up on the Senior Manager
Creative Talent Pipeline Program
and Producer,
screen. With the pairing of writers and Disney Launchpad,
directors for our new season, we can’t Season Two
wait to share a new group of thought-
provoking and creatively inspiring shorts
that reflect the world we live in.
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SPOTLIGHT
Accessible Experiences
Making Theme Parks More Accessible
Disney wants every guest to be able to enjoy our
experiences, and we work to adhere to accessibility
best practices and standards. Our parks offer many
accessible options, starting with online information
and printed guidebooks to help guests fully experience
the magic of the parks. Each park shares accessibility
information on their site-specific website.
As examples of our efforts, at Walt Disney World
Resort, accessibility services include wheelchair/
Electric Conveyance Vehicle access, captioning, Inclusive Offerings & Experiences
assistive listening, sign language interpretation, audio Shanghai Disney Resort celebrated International Day
description, and more. At Disneyland Paris, we adapt of Persons with Disabilities (IDPD) with an inspirational
our offerings to accommodate a range of disabilities. surprise, its first wheelchair flash-mob dance, where
We empower guests to access all attractions based on wheelchair dancers delighted guests with their moves.
their autonomy. We have integrated audio description Additionally, since 2021, Hong Kong Disneyland Resort
services across the resort, provide a console with 3D has showcased a wheelchair dance performance with
printed maps for visually impaired guests, introduced Hong Kong Wheelchair Dance Sport Association to
sign language interpretation at select shows, offer create an inclusive cavalcade for IDPD.
assistive listening devices, adapted changing areas,
adapted hotel and shuttle services, and more. We Also, just in time to mark the 25th anniversary of the
continue to ensure that accessibility priorities are “it’s a small world” Holiday experience, the beloved
taken into account for our guests and cast members. Disneyland Resort attraction welcomed two new dolls
And at Hong Kong Disneyland, we teamed up with in wheelchairs to better reflect the diversity of children
the Hong Kong Federation of Handicapped Youth across the globe. From design to installation, Imagineers
to pilot a new accessibility training program for cast worked closely with Resort Enhancement, Animation,
members. After completing the intensive training, cast Wardrobe, and the ENABLED BERG that advocates for
members are appointed “barrier-free” ambassadors. People with Disabilities.
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SPOTLIGHT
Accessible Content
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COMMUNITY
$140M+
Learn more in our Data & Reporting Frameworks
Our Intentions
Charitable giving directed
to programs supporting
To direct more than 50% of our
underrepresented communities4
annual charitable giving to programs
serving underrepresented communities4
and to spend at least $1 billion annually
with diverse suppliers by 2024. 5 Access additional information
on our philanthropy:
In fiscal 2022, more than $140 million (~60%) of our Charitable Giving Approach
charitable giving was directed to programs that support Charitable Giving
Asian American and Pacific Islander, Black and African
American, Hispanic and Latino, Native American and
Indigenous, and multicultural communities, as well as
women, veterans, People with Disabilities, and LGBTQIA+
individuals.4 Through impactful collaborations and strategic
community investments, we are helping to advance
authentic representation in media and entertainment (e.g.,
the Pillars Muslim Artist Database); drive economic Disney employees paint a
opportunity, access, and equity in the business communities mural that honors LGBTQIA+
in which we operate (e.g., Out & Equal, RespectAbility); history and culture in East Los
create inclusive and respectful entertainment experiences Angeles with Rainbow Labs.
(e.g., sensory-accessible movie screenings with Exceptional
Minds); and empower future generations of storytellers
and innovators (e.g., Ghetto Film School, Hispanic
Scholarship Fund, Asian Pacific Islander American Scholars,
American Indian College Fund). In fiscal 2022, we
launched the Disney Future Storytellers initiative,
described in the spotlight on the next page.
SPOTLIGHT
6 Search Institute 24
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SPOTLIGHT
Become
Expanding access to our industries and empowering young adults to become who they imagine they can be
NURTURING RISING BLACK TALENT DEVELOPING FUTURE TALENT IN EUROPE ADVANCING A NEURODIVERSE TALENT PIPELINE PROVIDING A BEHIND-THE-SCENES VIEW
In fiscal 2022, Disney joined the Propel Center, In the UK, we strengthened local collaborations We made a $1 million contribution to Exceptional Disney mentors are working with students
a first-of-its-kind education hub for HBCUs, as the with education, community, and industry nonprofits. Minds in fiscal 2022 to help source, skill, scale, in the Anaheim Union High School District
organization’s arts, media, entertainment, and Organizations included MAMA Youth Project, The support, and sustain neurodiverse talent over through Anaheim’s Innovative Mentoring
hospitality lead sponsor. We also created the London Screen Academy, Stage One, Artistry Youth the next three years. Our funds will be used for Experience. As part of an ongoing workforce
Disney Storytellers Fund at Howard University and Dance, and The Thea Barnes Legacy Fund, among scholarships, academy faculty, career support development initiative, Disneyland Resort
Florida A&M University to generate opportunities others. In fiscal 2022, Marvel entered the second services, and facilities and technology. Many of has been a key supporter of the program since
for historically underrepresented students in media year of a three-year collaboration with The Prince’s the program’s graduates are offered full-time 2019, providing funding and mentorship,
and entertainment. Additionally, we continued our Trust, which offers training and mentorship for young employment at Disney, Marvel, and other studios. including a behind-the-scenes look at how
long-standing work with United Negro College Fund people in the field of product design, and released business is conducted with a bit of Disney magic.
(UNCF) and announced the 2022 Disney UNCF the “Women of Marvel: Stronger Together” collection,
Corporate Scholars. Scholars receive a $5,000 annual featuring clothing, bags, and more.
scholarship, a paid summer internship at Disney,
mentorship opportunities, and assistance with securing
possible full-time roles with Disney upon graduation.
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Supplier Diversity
We believe that including diverse suppliers in our
sourcing process provides a meaningful opportunity
to seek innovative, high-quality, and cost-effective
business solutions, while also supporting communities.
Last year, we set a goal to spend at least $1 billion
annually with diverse suppliers by 2024. Reaching this
goal would place Disney among the top U.S. companies
that are spending with diverse suppliers and would
impact the communities where we do business by
creating jobs and opportunities. In fiscal 2022, we
spent more than $800 million with diverse suppliers,
COLLABORATING FOR CHANGE SUPPORTING INDUSTRY DIVERSITY
an increase of almost 80% compared to fiscal 2021.7
We collaborate with supplier diversity–focused Our Supplier Diversity team also began working
Throughout fiscal 2022, the Supplier Diversity team organizations at the national, regional, and local with the Supplier Diversity Action Committee, an
worked closely with internal analytics groups to levels, as well as business development organizations, internal coalition of television marketing executives
develop a dashboard that guides business unit leaders advocacy groups, and trade show organizers. In fiscal who advocate for agencies run by People of Color,
in their supplier diversity benchmarks. Internal leaders 2022, our Supplier Diversity and Disney Parks, women, LGBTQIA+ individuals, veterans, People with
can access the dashboard to review their teams’ Experiences and Products (DPEP) teams sponsored Disabilities, and others in the agency selection
progress toward our diverse spending goal. This and the Russell Innovation Center for Entrepreneurs process. DGE led a committee that identified and
other initiatives influenced the significant increase in (RICE) Supply Chain Accelerator pilot that helped created a database of more than 1,000 vendors to
diverse spending in fiscal 2022. In fiscal 2022, we also Black entrepreneurs do business with industry leaders, open doors to diverse businesses in the production
expanded our diversity classifications to include U.S. large corporations, and government agencies. The and post-production categories.
military spouse–owned businesses. pilot included 35 growth-stage companies—66%
of which were women-owned—and began with a
comprehensive gap assessment to understand needs
and drive a detailed action plan.
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Of our employees
worldwide were women
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World in
Balance
We come together to help change the
course of our planet’s story, creating a
cleaner, safer, and healthier world for
people and wildlife.
In This Section
Overview 30
Emissions 31
Water 34
Waste 35
Materials 38
Sustainable Design 39
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OVERVIEW 2030 ENVIRONMENTAL GOALS EMISSIONS WATER WASTE MATERIALS SUSTAINABLE DESIGN WILDLIFE CARE & CONSERVATION
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OVERVIEW 2030 ENVIRONMENTAL GOALS EMISSIONS WATER WASTE MATERIALS SUSTAINABLE DESIGN WILDLIFE CARE & CONSERVATION
EMISSIONS
In alignment with our net zero emissions goal set in Like most companies setting aspirational Scope 3
2020, as well as the Paris Climate Agreement, we targets, these are challenging goals, and success
TR-CL-110a.2
announced in December 2022 that we are setting a depends on several external factors, including
Learn more in our Data & Reporting Frameworks
science-based target for all our emissions—Scopes 1 actions by our suppliers to reduce their emissions,
and 2 in our direct operations, as well as Scope 3 in global economy-wide transitions to cleaner fuels,
our broader value chain. We plan to submit this availability of economically feasible solutions at
2030 Emissions Goals target to the Science Based Targets initiative (SBTi) scale, and consumer behavioral changes. Industry
for assessment. collaboration is key to addressing some of these
challenges. See previous page for some of the
Reduce absolute emissions from Our strategy for achieving net zero for Scope 1 and 2
organizations we engage with regularly.
direct operations (Scope 1 & 2) emissions by 2030 is based on the following fact-
by 46.2% against a based reduction hierarchy:
2019 baseline We follow the global frameworks
1. Designing our built environment to reduce
or avoid emissions established by the GHG Protocol to
Achieve net zero emissions measure Scope 1, 2 & 3 GHGs:
for direct operations8 2. Reducing emissions through fuel and
energy efficiency GHG Protocol
OVERVIEW 2030 ENVIRONMENTAL GOALS EMISSIONS WATER WASTE MATERIALS SUSTAINABLE DESIGN WILDLIFE CARE & CONSERVATION
REDUCING EMISSIONS FROM PRODUCTIONS ENERGY-EFFICIENT UPGRADES AT THEME PARKS USING LOWER-CARBON FUELS NATURAL CLIMATE SOLUTIONS
Our film and television productions are working to We continue to make energy-efficient upgrades at The Disney Wish set sail in fiscal 2022 and was We also invest in high-quality, verified, and rigorously
reduce emissions by replacing the diesel generators our theme parks and resorts. For example, Shanghai designed to be among the most energy-efficient vetted natural climate solutions that generate
traditionally used to power sets and instead tying into Disney Resort installed a new water pump in the cruise ships on the water. The Disney Wish was meaningful carbon reductions as well as positive
the grid while on location or using battery electric, Pirates of the Caribbean attraction and added timing primarily powered by liquified natural gas in fiscal social and economic impacts. These projects help us
hybrid (diesel plus battery), and green hydrogen fuel controls to outdoor fountains. Together, we expect 2022, which, when compared to traditional diesel or address emissions from our direct operations that
cell generators. For example, in 2022, battery electric to see approximately 830,000 kilowatt-hours in marine fuel, significantly reduces several emissions we cannot avoid. For example, our investment with
generators, which were recharged by solar panels, electricity savings annually. And Hong Kong and pollutants. Proyecto Mirador provides fuel-efficient, wood-
provided power for several weeks while filming on a Disneyland completed the installation of smart air burning cookstoves to families in rural Honduras
beach, and grid ties replaced diesel generators on conditioner occupancy sensors in guest rooms. This and Guatemala.
backlots in London, Vancouver, and Los Angeles. energy-saving feature is now in use in all three hotels.
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SOLAR CAPACITY
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OVERVIEW 2030 ENVIRONMENTAL GOALS EMISSIONS WATER WASTE MATERIALS SUSTAINABLE DESIGN WILDLIFE CARE & CONSERVATION
WATER
Disney recognizes that water is essential for ecosystems Water Conservation Watershed Investments Sustainable Seafood
and vital for communities and our operations around In 2022, we continued to implement site-specific We are identifying critical regional water issues and Responsible selection and sourcing of seafood is
the world. Water is a shared resource, and we know water conservation strategies at our theme parks are continuing to collaborate with local stakeholders, important to our business, to the livelihoods of
that the Company’s operations have an impact on and resorts. For example, we are using artificial turf such as industry and nonprofit organizations, to the fishing industry worldwide, and to the health
local watershed conditions as well as on the health and are implementing a sophisticated irrigation safeguard the overall health of watersheds as a multi- of the planet for future generations. In fiscal 2022,
of our oceans. In keeping with the latest data control system at Disneyland Resort as part of use sustainable resource. For example, we support our U.S. parks, resorts, and cruise line sourced nearly
and standards, our strategy reflects that water is a drought-fighting efforts. And Disneyland Paris is in the WWF-Hong Kong’s project to foster innovative 100% sustainable seafood.10 Fisheries are periodically
highly local issue, with individualized considerations process of retrofitting the showerheads in two hotels approaches, such as the use of water buffalo, to evaluated for sustainability, and ratings for specific
in each geography. with new LED-lit technology heads that allow guests to conserve wetlands in the Shui Hau watershed and species do sometimes fluctuate. This affects our
adjust their use to help conserve water. The turbine- increase water security for local people and wildlife. ability to source consistently to our ambitious 100%
powered LED lights change color based on the We also support The Nature Conservancy’s work in target. Nonetheless, our commitment to our 100%
See more information about our water amount of water used, moving from blue to green, central Florida, including efforts to address growing sustainably sourced seafood goal remains, and we
conservation efforts: yellow, and eventually red when water use exceeds a freshwater demands, enhance water quality, improve continue to collaborate with the Sustainable Fisheries
2030 Environmental Goals White Paper certain volume. In a pilot, the new showerheads water supply, and reduce flood risks through green Partnership in their work across the supply chain
reduced water use by an average of 22% per room. stormwater infrastructure. to improve fishing and aquaculture and advance
Access water data: sustainable seafood production.
Photo Credit: WWF-Hong Kong
Data & Reporting Frameworks
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MATERIALS
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SUSTAINABLE DESIGN
OVERVIEW 2030 ENVIRONMENTAL GOALS EMISSIONS WATER WASTE MATERIALS SUSTAINABLE DESIGN WILDLIFE CARE & CONSERVATION
SPOTLIGHT
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SPOTLIGHT
Stories & Experiences Inspire Connections with the World We Share (continued)
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Coral Reef Restoration Local Wildlife Conservation Rescuing & Rehabilitating Elephants Sea Turtle Conservation
We continue to collaborate with a diverse group of Disney Conservation Team Wildlife includes cast Our Disney team based in India began supporting As part of the $5 million we have invested since
coral reef management and conservation leaders to members working to inspire conservation actions Wildlife SOS’s efforts in 2021 and continued support 1995 to help sea turtle conservation efforts globally,
bring hope to the largest coral reef in the continental and collaborating globally to share expertise and throughout 2022 to rescue and rehabilitate elephants in 2022, the DCF supported a new mentorship
United States, the Florida Reef Tract.14 Disney drive programs to positively impact wildlife and illegally taken from the wild. To date, more than and career training program hosted by the Sea
Conservation Team Wildlife has provided leadership habitats. At Walt Disney World Resort, Team 40 elephants have been given care and medical Turtle Conservancy to spark passion for sea turtle
and expertise to support the Orlando-based Florida Wildlife monitors species diversity in our 8,000+ treatment at Wildlife SOS’s Elephant Hospital and conservation among central Florida youth from
Coral Rescue Center. This state-of-the-art facility was acre Wildlife Management Conservation Area to Elephant Conservation and Care Centre, established in diverse and underserved communities. Students
established for gene banking and care of Florida support statewide efforts to help preserve and 2010 and the first center of its kind in northern India. attended the 2022 Tour de Turtles event at Disney’s
corals rescued from reefs not yet affected by Stony connect key habitats. Nearby at the headwaters of Vero Beach Resort, an annual event that helps
Coral Tissue Loss Disease, which has put 22 coral the Everglades, we have also supported protection researchers, conservationists, and government
species at risk of extinction. The center is the largest and restoration efforts at The Nature Conservancy’s agencies gather satellite transmitter data from
facility of its kind in the United States and is part of Disney Wilderness Preserve. The preserve spans migrating sea turtles to make more informed
a national network coordinated by the Association of 11,500 acres of restored wetland and upland habitats decisions about conservation methods and policies.
Zoos and Aquariums to support breeding programs and is home to many native plants and animals, In fiscal 2022, our sea turtle efforts reached an
and efforts to return coral back to the ocean. In April including threatened and endangered species like important milestone: Disney Conservation Team
2022, the first reported spawning of rough cactus gopher tortoises and red-cockaded woodpeckers. Wildlife celebrated 1.5 million sea turtles hatched
coral in human care took place at the Center. from nests monitored by our team at Disney’s Vero
Beach Resort since 2003.
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World of Hope
We are committed to bringing
joy, comfort, and peace of mind
to our communities and inspiring
hope, especially for children.
In This Section
Overview 46
Children’s Hospitals 47
Wish Granting 51
Volunteering 53
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OVERVIEW CHILDREN’S HOSPITALS WISH GRANTING VOLUNTEERING STORIES OF HOPE IN COMMUNITIES AROUND THE WORLD
Josh Shaver-Moskowitz
Producer, Walt Disney
Imagineering
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OVERVIEW CHILDREN’S HOSPITALS WISH GRANTING VOLUNTEERING STORIES OF HOPE IN COMMUNITIES AROUND THE WORLD
CHILDREN’S HOSPITALS
Since Walt Disney himself first brought animators Reimagining the Patient Experience
to visit hospitalized children, Disney stories have
Disney’s efforts in fiscal 2022 included transforming
uplifted young people facing serious illness. In
hospital spaces with imaginative installations like
2018, Disney announced a global commitment
interactive murals, digital displays, and play spaces
of $100 million to help reimagine the patient
to ease the fear and anxiety of a hospital stay and
experience and deliver joy when it’s needed
bring comfort to patients and their families.
most. Since setting our commitment, and despite
pandemic-related delays, by the end of fiscal • Our children’s hospital concepts and experiences
2022, we had directed more than $75 million expanded to hospitals in several U.S. states,
to our hospital initiative. Singapore, Japan, India, and eight countries across
the Europe, Middle East & Africa (EMEA) region.
We bring the positive power of Disney stories
and characters to children in more than 700 • Kanagawa Children’s Medical Center became the
children’s hospitals and pediatric places of first hospital in Japan to offer interactive Disney
care around the world. In fiscal 2022, we murals that bring beloved characters and stories
expanded our hospital installations globally, from Disney, Pixar, Marvel, and Lucasfilm to life.
while continuing to provide new Disney-themed • We added wall art in two new hospitals in India.
Starlight Hospital Wear and products, Disney The installations at Holy Spirit Hospital in Mumbai
Movie Moments, and Disney+ access. and Homi Bhabha Cancer Hospital in Varanasi
delight and bring comfort to more than 200
children each day.
Disney concepts were installed in Dr. von Haunerschen Kinderspital in Germany (top left), Ankara
Bilkent City Hospital in Turkey (top right), KK Women’s and Children’s Hospital in Singapore
(bottom left), and Kanagawa Children’s Medical Center in Japan (bottom right) in fiscal 2022.
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MOMENTS OF COMFORT
~370
OVERVIEW CHILDREN’S HOSPITALS WISH GRANTING VOLUNTEERING STORIES OF HOPE IN COMMUNITIES AROUND THE WORLD
SPOTLIGHT
May the 4th Be With You Bringing Movie Magic to Hospital Gowns Delivering Smiles
Our May the 4th celebration helped distribute Pixar-themed Starlight Hospital Wear, inspired by Marvel-themed toys, books, and games were delivered
lightsabers, adaptive costumes designed for children iconic characters including those from Disney and to children’s hospitals nationwide in August 2022.
in wheelchairs, and more to hospitals around the U.S. Pixar’s The Incredibles, Buzz Lightyear and Jessie from Patients at Texas Children’s Hospital were delighted
Toy Story, and Russell from Up, were offered to all by a special Spidey and his Amazing Friends event with
hospitals within Starlight’s network for the first time. the voice talent of Hulk himself visiting.
Additionally, QR codes printed on the gowns provide
an immersive experience for patients.
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5,000+
Attendees at KKH’s
training in 2022
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Joy for Children Who Need It Most Granting Wishes Around the World
The Walt Disney Company UK & Ireland, Make-A-Wish Wish granting has resumed at all of our theme
UK, and The Kentown Wizard Foundation collaborated parks around the world, as well as at Aulani Resort
for a second year to provide magical Disney wish and Walt Disney Imagineering. In 2022, wish
experiences for children with critical illnesses. In families were given a special sneak peek of the
2022, they granted more than 225 wishes and Star Wars: Galactic Starcruiser at Walt Disney
included children from Make-A-Wish Ireland. Disney World Resort before it opened to the public.
VoluntEARS gave their time and skills, contributing And in China, in celebration of the fifth anniversary
more than 1,100 volunteering hours to these wish of Make-A-Wish Shanghai, Disney committed
efforts. In addition to Disney experiences, the event funds to support the construction of a wish room
also featured accessible activities such as a carousel at Shanghai Children’s Medical Center. A wish
for kids of all abilities to share everyday family room, run by Make-A-Wish staff and volunteers,
moments together. supports medically eligible children through the
wish-granting process.
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Sports Stars Delivering Joy Movie Premiere Wishes A Very Special Bon Voyage
ESPN’s My Wish series has returned to SportsCenter. In July 2022, two Make-A-Wish kids and their families Disney Cruise Line’s newest ship, the Disney Wish,
The award-winning series has collaborated with sat front row as stars walked the blue carpet into the debuted with the help of wish kids. During the
Make-A-Wish since 2006 to fulfill 75 sports-themed premiere of ZOMBIES 3, a Disney+ Original movie ceremony, three Make-A-Wish ambassadors—
wishes for children with critical illnesses. In fiscal from Disney Branded Television. The children also Colby, 10; Megan, 16; and Jenna, 13—symbolically
2022, wishes featured Patrick Mahomes of the Kansas got to meet with stars after the movie. bestowed good fortune on the vessel and its
City Chiefs, Klay Thompson of the Golden State passengers. All wish kids, including past, present,
Warriors, Austin Riley of the Atlanta Braves, and the and future wish recipients, will be honored as the
NFL’s New York Giants. ship’s “godchildren,” redefining the long-standing
maritime tradition of appointing a ship “godmother.”
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VoluntEARS planted Several of our businesses supported beach cleanup Western monarch butterflies have seen dramatic
butterfly-friendly events in fiscal 2022. In honor of World Ocean declines, and while populations have slightly
environments to Day on June 8th, 30 Disney VoluntEARS and family rebounded recently, they have lost more than 90%
increase monarch members took part in a beach cleanup in Guangzhou, of their population since the 1980s.16 Habitat loss
populations in 2022 China. The team worked together to positively impact is one of the critical drivers of this decline. To help
the planet and teach children at the event about the increase the population, more than 400 Disney
ocean and the importance of protecting the magic of VoluntEARS across the United States planted
nature. For International Volunteer Day, VoluntEARS butterfly-friendly backyard environments in 2022.
from Shanghai Disney Resort supported beach
cleanup in Chongming Island, Shanghai.
Read more about Disney’s conservation efforts:
World in Balance
16 Xerxes Society 53
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~$250K
Donated to
charities thanks to
D23 Expo honorary
VoluntEARS
Giving Back at D23 Expo
Throughout a long-awaited D23 Expo near Disneyland
Resort—a three-day event for Disney fans showcasing
what is happening at Disney and what fans can expect
in the coming years—guests visited the Inspire a Better Special Care Packages Volunteering: Challenge Accepted
World pavilion to explore Disney’s social responsibility
projects and participate as honorary Disney VoluntEARS. In South Korea, VoluntEARS prepared 200 During Walt Disney World Resort’s 50th Anniversary,
Winnie the Pooh–themed gift packages, which Disney VoluntEARS were invited to take part in a
During the D23 Expo, guests: were delivered to children of families from 50 for 50 Challenge. Hundreds of VoluntEARS
under-resourced communities. participated in this challenge to personally attain
• Designed more than 5,500 cards of encouragement for
50 volunteer hours and attend 50 VoluntEARS
children with critical illnesses. For each card designed,
events during the 18-month-long celebration.
we donated $5 to Make-A-Wish.
• Helped support our Avatar: The Way of Water “Keep
Our Oceans Amazing” initiative by designing almost
4,000 Avatar-inspired ocean creatures. For each ocean
creature created, we gave $5 to The Nature Conservancy.
• Cast approximately 5,100 votes to help DonorsChoose
allocate a Disney grant to support reading and creative
writing, visual arts, STEM, music and performing arts,
and sports in public schools nationwide. This funding
was part of Disney Future Storytellers, described in
more detail on pages 24–25.
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SPOTLIGHT
Gratitude & Respect for U.S. Armed Services These courageous service
members, injured during their
Disney has a long track record of respect and Supporting the Marine Toys for Tots Program military duty, have demonstrated their
appreciation for the U.S. Armed Services, which resilience and an ability to overcome
Disney’s relationship with the Marine Toys for Tots
began with the Company’s founders, who both
Program began in 1947, when Walt Disney and his unthinkable obstacles. They are the
served their country during World War I. We
animators designed the original Toys for Tots train truest definition of the warrior’s spirit,
recognize the commitment and dedication of military
logo that is still used today. Since then, Disney has
service and value the leadership skills and sense of and we were honored to welcome
supported Toys for Tots to help bring toys to millions
purpose the military instills in its service members
of children in need during the holiday season. In fiscal them to the Warrior Games at ESPN
and in society. We are honored to support active U.S. Wide World of Sports this summer.
2022, through the Disney Ultimate Toy Drive, more
military, veterans, and their families in many ways
than 160,000 toys were collected at our sites, events,
across our Company.
and through dedicated segments on our TV networks. Jeff Vahle
Employees donated more than 20,000 of these toys President,
and contributed more than 4,000 hours of service as Walt Disney
Learn more about our support of veterans:
part of the Disney VoluntEARS program. World Resort
Championing Veterans
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Supporting Hunger Relief Supporting Cancer Research Supporting Disaster Relief Supporting Children and Families in Ukraine
Over the past decade, Disney has collaborated The V Foundation for Cancer Research was founded Disney provides emergency relief and supports We have worked with UNICEF for many years, and when
with Feeding America to improve access to in 1993 by ESPN and the late Jim Valvano, legendary recovery efforts in communities worldwide. We the humanitarian crisis began in Ukraine, we leveraged our
nutritious meals. This year, in addition to supporting North Carolina State basketball coach and ESPN continue to support several organizations, including media platforms to support UNICEF in helping families
30 Feeding America member food banks to help commentator. In fiscal 2022, with support from UNICEF, the American Red Cross, and Good360. displaced by the conflict. ABC News coverage and on-air
increase access to fresh produce for communities ESPN fans, employees, and partners, more than In fiscal 2022, our disaster relief included supporting mentions across our networks drove thousands of viewers
that need it most, Disney also supported Feeding $13 million was raised during V Week—a record- Hurricane Ian recovery efforts, addressing the to UNICEF’s website, raising more than $3 million in a few
America’s efforts in response to Hurricane Ian. In breaking amount—to support the V Foundation’s impacts of wildfires in Argentina, supporting children weeks. ABC News’s David Muir also led coverage on the
addition, Disney continues to help alleviate food fight to achieve Victory Over Cancer. and families in Ukraine, and providing short-term crisis, anchoring special editions of World News Tonight
insecurity by supporting hunger relief organizations monetary assistance to employees experiencing from the Ukraine–Poland border and anchoring a special
Together with the 2022 ESPYS fundraising and
worldwide. For example, in Latin America, Disney hardships—including those impacted by Hurricane report on Ukrainian President Volodymyr Zelenskyy.
other events, ESPN raised more than $27 million,
supports the work of the Global Food Banking Ian—through the Employee Relief Fund.
bringing the total that ESPN has helped raise to In addition to providing support to nonprofits, our
Network and the efforts of food banks in Argentina,
nearly $170 million for the V Foundation since its employees rallied to support those affected and displaced
Brazil, Chile, Colombia, and Mexico. Learn more in our
inception in 1993. Data & Reporting Frameworks
into neighboring countries through our Matching Gifts
program and volunteering events. Disney VoluntEARS
Learn more in our
Data & Reporting Frameworks
in the EMEA region packed supplies, prepared food,
and created temporary Disney-themed playrooms. The
Company and employees also provided Ukrainian-dubbed
screenings of Disney Animation’s Encanto and Raya
and the Last Dragon, Disney and Pixar’s Luca, Ron’s Gone
Wrong, and other titles for Ukrainian children and families
through community nonprofits.
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3M+
Books donated in
fiscal 2022
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SPOTLIGHT
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Investing in
Our People
Disney is home to some of the most
exceptional, extraordinary people. We are
where creativity meets opportunity and
careers are a journey of accomplishment
and celebration. We are a welcoming home
for talent of all kinds, from animators to
engineers to zookeepers and many roles
in between. We work together, and thrive
together, in making Disney one of the
world’s most recognized, respected, and
well-regarded entertainment companies.
In This Section
Talent Development 64
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TALENT MANAGEMENT STRATEGY EMPLOYEE FEEDBACK & RECOGNITION SAFETY, HEALTH & WELL-BEING TALENT DEVELOPMENT COMPREHENSIVE REWARDS PACKAGE
For nearly 100 years, Disney employees and cast We move into our second century
members have made Disney a leading global knowing that the extraordinary
entertainment company. Disney is a place where
careers are a journey of creativity, accomplishment,
talent, diversity, and creativity of our teams
and celebration, and where everyone is respected. around the world is what brings our stories
and experiences to life. When we come
Our Chief Human Resources Officer, Paul Richardson,
continues to lead our human capital management together as a unified team, leaning into
strategy and reports directly to our CEO. He regularly imaginative new ideas, we’re able to build
updates our Board of Directors on topics such as on our legacy of excellence with integrity
talent development and employee engagement and
and an inclusive mindset.
is directly supported by a variety of dedicated human
resources functions across our businesses, content
Paul Richardson
engines, and regions. Our approach focuses on
Chief Human
attracting, engaging, developing, and rewarding a
Resources Officer,
talented, diverse team while providing a respectful,
The Walt Disney Company
collaborative, and safe work environment.
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TALENT MANAGEMENT STRATEGY EMPLOYEE FEEDBACK & RECOGNITION SAFETY, HEALTH & WELL-BEING TALENT DEVELOPMENT COMPREHENSIVE REWARDS PACKAGE
We foster a culture where our employees can thrive, both personally and professionally, and seek
to create a work environment that inspires optimism, creativity, collaboration, and innovation.
700K+
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TALENT MANAGEMENT STRATEGY EMPLOYEE FEEDBACK & RECOGNITION SAFETY, HEALTH & WELL-BEING TALENT DEVELOPMENT COMPREHENSIVE REWARDS PACKAGE
Workplace Safety
12 The safety of our employees is a top priority in the and wellness initiatives. To help minimize workplace
decisions we make. We promote a culture of safety safety risks, we offer employees and cast members
through numerous quality assurance programs and a variety of required and voluntary safety trainings.
internal safety standards, and our Standards of Business This includes Safety and Wellness Leadership in Action,
Conduct provide the process to report safety concerns focused on accident prevention, and Improve Your
Years of continuous and incidents. Employees can report a concern by Move, focused on ergonomics. And the Company’s
recognition calling our Global Security Communications Center Personal Protective Equipment (PPE) Matrix is updated
or an anonymous safety line, or by making a report regularly, detailing appropriate PPE required for
online through our internal system called The specific work tasks alongside helpful visuals.
Guideline. Many operating areas also have a Safety
In fiscal 2022, four individual cast members and one
and Wellness Committee that can assist employees
team at Walt Disney World Resort were recognized
in sharing or reporting concerns.
at the Unified Safety Council’s (USC) Annual Safety
We have dedicated safety professionals in areas Awards for ingraining safety and wellness into everyday
including food safety, ride safety, occupational safety, park culture. USC is a nationally recognized safety
public health, and training and development. As an training and educational organization, and this win
example, Disney Parks, Experiences and Products’ marks the 12th year in a row that Walt Disney World
Safety Champions help engage their teams in safety locations and/or individuals have been recognized.
and wellness programs, processes, and culture, and
assist in the oversight and implementation of safety
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Disney prioritizes destigmatizing mental health We hosted our first Global Well-Being Week in
challenges and breaking down barriers to access 2022, spotlighting the wide-ranging physical, mental,
resources and care. and financial benefits we offer, while also providing
employees with easy ways to take advantage of
• We offer a variety of easy-to-access and innovative
the benefits. As a special offering in fiscal 2022,
programs for employees and cast members, including
Disney provided Recharge Days for eligible U.S. and
access to counselors, meditation, and mindfulness
international employees. These additional paid days
activities, as well as tips for building resilience and
off provided a shared-time-off experience, allowing
getting more restful sleep.
teams to disconnect from work, email, and calls, all
• We continue to offer our Employee Assistance on the same days.
Program (EAP), which is available to all employees,
Employees are also able to connect with health
cast members, and their family and household
coaches to learn how to get and stay healthy,
members. Our EAP provides 24/7 support and
including by developing a nutrition and physical
connects participants directly to a licensed network
activity routine. With access to easy-to-use digital
therapist at no cost.
resources like Grokker and LifeCare, employees
• Employees have access to Headspace, where they can can watch videos and read articles on relaxation
follow guided meditations, animations, articles, and techniques, managing work/life balance, and more.
videos on topics like meditating and mindful eating.
In 2022, we continued to promote our new Center
• The Disney Healthy Pursuits Wellness Team also for Living Well—Gaea Center for Gynecology,
hosts BrainBreaks, which are virtual activities to Maternity, and Fertility—in Orlando. The center
help employees stay on top of their health. provides employees, cast members, and their partners
• In 2022, Disney won a Best Employers: Excellence in with comprehensive, connected, and compassionate
Health & Well-Being Award from the nonprofit Business care to help navigate their family-building journeys.
Group on Health for our health and well-being benefits.
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TALENT MANAGEMENT STRATEGY EMPLOYEE FEEDBACK & RECOGNITION SAFETY, HEALTH & WELL-BEING TALENT DEVELOPMENT COMPREHENSIVE REWARDS PACKAGE
DISNEY IGNITE
Leadership Development
Learn more in our
Data & Reporting Frameworks
~90%
ADDITIONAL EXAMPLES OF LEADERSHIP DEVELOPMENT
PROGRAMS INCLUDE:
• We continued our Disney Leadership Essentials program,
which reached more than 1,080 leaders across the U.S.,
EMEA, LATAM, APAC, and India. Post-program surveys Of participants strongly
showed that 100% of participants took at least two agreed that IGNITE was
actions as a result of participating. worth the time and effort
In fiscal 2022, we launched Disney IGNITE, a they put into it
• At Disney Parks, Experiences and Products (DPEP),
new multi-month virtual learning experience for
high-potential senior managers and directors engaged
senior managers, directors, and vice presidents that
in our cohort-based Leadership Immersion Program,
is focused on empowering them to be more confident
which works to accelerate participants’ readiness for
in leading with care and a people-first mindset.
critical positions.
In the first session, 640 leaders participated
• We increased our mentoring programs from 13 to
from North America; Latin America (LATAM); and the
Europe, Middle East & Africa (EMEA) region, across
35 across Disney in fiscal 2022. Enrollment in these ~85%
programs increased by 44% and mentoring hours
all businesses. The second session of IGNITE—for
increased by 25% from fiscal 2021. As examples, we
leadership teams across the Asia Pacific (APAC)
launched the Mano a Mano mentoring program to
region—began in late 2022, and we plan to continue
champion the professional development of Florida
offering IGNITE to even more leaders in the future.
cast members; Disney General Entertainment launched
Of participants were
a new mentoring program and Career Development
able to identify specific
Office; and our Enterprise Mentorship Program—
actions they could take to
focused on Finance, Technology, CSR, and other
improve as leaders as a
topics—had more than 1,900 individuals enrolled
result of IGNITE
in fiscal 2022, the seventh year of the program.
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TALENT MANAGEMENT STRATEGY EMPLOYEE FEEDBACK & RECOGNITION SAFETY, HEALTH & WELL-BEING TALENT DEVELOPMENT COMPREHENSIVE REWARDS PACKAGE
Disney offers a competitive rewards package that accounting for factors such as role, experience, Annual Bonus Plan
includes pay, health, and savings benefits; time-off or location) in 2024. We are also working toward
In fiscal 2022, to reward the important contributions
programs; educational opportunities; and more. expanding the gender pay ratio analysis to countries
of certain job levels below the executive level,
Together, these rewards make up a comprehensive outside the United States.
Disney expanded eligibility for participation in
package that helps our employees and cast members
We recognize the importance of pay transparency our Annual Bonus Plan. The Plan is tied to the
live their best lives, grow personally and professionally,
to our employees, shareholders, and others, and Company’s fiscal-year performance and recognizes
and take advantage of the special extras that only
are committed to ensuring our employees and cast the contributions employees make to business results.
Disney can provide.
members have the facts that determine their pay.
As part of this effort, we provided new educational Investing in Our People Through Education
Equitable Pay resources on compensation to leaders and employees
Disney Aspire pays 100% of tuition up front for
Learn more in our in fiscal 2022.
Data & Reporting Frameworks eligible hourly employees at a network of learning
We also actively work with labor unions throughout institutions. See our spotlight on Disney Aspire on
the year to promote a fair and just working experience the next page.
for the employees they represent—including reliable
Disney is committed to fostering a truly respectful and Disney also continues to offer education
scheduling, a clean workplace, and fair compensation.
equitable workplace culture. As part of that focus, in reimbursement to salaried employees who are
2022 we shared the results of an adjusted pay ratio Almost all of the hourly full-time and part-time interested in furthering their careers through
analysis, comparing the base pay of U.S. employees employees in our U.S. Disney Parks, Experiences and professional and technical education related to
based on gender, race, and ethnicity, controlling Products business earn a minimum of $15/hour, and their current roles.
for role, experience, and location. Each adjusted pay median hourly earnings are more than $17.50/hour.17
And to alleviate the financial burden of higher
ratio was at least 99% as of June 2022 (with one ratio
Read our Standards of Business Conduct for more education on Disney employees, we offer scholarships
at 100%), and we continue to strive for 100% equity
details on our commitment to maintaining fair to eligible children of Disney employees who are
across all categories. We are committed to reporting
working conditions for employees. high school seniors through our Disney Scholars
the adjusted pay ratio for our U.S. employee base pay
program. Scholarships are awarded based on
anually, and plan to include bonus and long-term
academic achievement, extracurricular activities,
incentives in our adjusted pay ratio in 2023, as well as
Access more information on benefits: community service, and demonstrated leadership.
an unadjusted median analysis of base pay (with no
Enjoying the Magic
TALENT MANAGEMENT STRATEGY EMPLOYEE FEEDBACK & RECOGNITION SAFETY, HEALTH & WELL-BEING TALENT DEVELOPMENT COMPREHENSIVE REWARDS PACKAGE
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Operating
Responsibly
We are focused on operating our
businesses with integrity, honesty,
trust, respect, and teamwork.
In This Section
Corporate Governance 69
Ethics 69
Risk Oversight 70
Human Rights 70
Supply Chain 71
Guest Safety 73
Product Safety 74
Journalistic Integrity 78
Tax Strategy 78
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SV-HL-310a. 4
RACIAL/ETHNIC/GENDER DIVERSITY Learn more in our Data & Reporting Frameworks
5 out of 11
Of our 2023
45% Director
nominees
are women
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The Board, either as a whole or through committees, Our commitment to respect human rights is a Company
assesses major risks that relate to the Company priority. Our commitment is informed by the United
and its performance, including risks that relate to Nations Guiding Principles on Business and Human Rights,
key economic and market assumptions that inform the United Nations International Bill of Human Rights,
the Company’s business plans (including significant and the International Labor Organization’s Declaration
transactions) and growth strategies, and significant on Fundamental Principles and Rights at Work.
operational risks related to the conduct of the
We exercise due diligence on an ongoing basis to identify,
Company’s day-to-day operations.
prevent, mitigate, and account for human rights risks
and impacts, and we update our assessment of salient
Read more about risk management human rights risks as new information becomes available.
in our Proxy Statement and 10-K, both Through collaboration and regular dialogue, we also
available on our Investor Relations website: work with a variety of external stakeholders, industry
associations, and intergovernmental organizations to
Investor Relations Website identify and manage human rights risks.
In fiscal 2022, we updated our Human Rights Policy to
reflect the evolving nature of our products and services,
changes in our business, and the world in which we
operate. Updates include, among others, new sections
on content, communities, and privacy; additional
information on grievance mechanisms and remedies;
and expanded content on online safety to include
children’s privacy, safety and development, parental
controls, and responsible marketing guidelines.
Our refreshed content on our human rights webpage
highlights various policies, practices, and programs
that implement our Human Rights Policy, and identifies
our salient human rights issues in the following areas:
our people, our content, our products and supply chain,
our communities, children, and privacy.
The Governance and Nominating Committee of our Board
of Directors oversees the Company’s human rights policies.
Our General Counsel has oversight for compliance with our
policy and works across the Company to monitor emerging
issues, share progress, and identify areas for improvement.
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SUPPLY CHAIN
These standards come to life through our International Supplemental guides are made available to our
Labor Standards (ILS) program, which licensees and licensees and vendors to help them work with their
CG-AA-430b.3
vendors producing Disney-branded products are facilities on program compliance. Along with an
Learn more in our Data & Reporting Frameworks
contractually obligated to comply with. The program updated Forced Labor Guide, we also published a
is informed by our Standards of Business Conduct, Human new Health and Safety Guide in fiscal 2022. To further
Disney-branded products are produced in approximately Rights Policy, and Supply Chain Code of Conduct, along promote program compliance, we regularly refine
44,000 facilities in more than 100 countries. This with a range of other responsible business expectations. our Permitted Sourcing Countries list and periodically
manufacturing network and global footprint creates Now in its third decade, the ILS program tracks the names update our published list of facilities that produce
a highly complex network of suppliers, many of them and locations of authorized factories making Disney- Disney-branded products that are sold, distributed,
several degrees removed from our direct operations. branded products; sets standards for when, where, and or used in our own retail and wholesale businesses,
how social compliance audits confirm compliance with as well as those used in our internal operations.
In addition, we purchase a vast array of products,
our standards; and provides guidance to vendors and
materials, and services from thousands of suppliers In fiscal 2022, we enhanced and expanded our Supply
licensees on improving the labor conditions of their
to support our operations, such as theme parks and Chain Code of Conduct (previously named the Code of
facilities, if needed. Suppliers are provided onboarding
resorts; cruise and vacation experiences; film, television, Conduct for Manufacturers). The updated Code applies
training and can participate in ongoing training sessions
streaming, and theatrical productions; and offices and to both branded and nonbranded products, as well as
offered by our team.
distribution centers. their upstream components and materials, and formally
recognizes the United Nations Guiding Principles on
Responsible sourcing is an important focus of Disney’s ACCOUNTABILITY, TRANSPARENCY & COMPLIANCE
Business and Human Rights and the International Labor
overall corporate social responsibility efforts. We ON INTERNATIONAL LABOR STANDARDS
Organization’s (ILO) Declaration on the Fundamental
are focused on respecting human rights, reducing To promote Company-wide integration, our Chief
Principles and Rights at Work. It also includes, for
the environmental footprint of our supply chain, Financial Officer has responsibility for the ILS
the first time, our expectations that suppliers will work
monitoring the safety and integrity of products, program. The Audit Committee of the Company’s
to mitigate their environmental impacts as aligned with
promoting supplier diversity, and working in Board oversees and periodically reviews the program
our 2030 environmental goals.
collaboration with others to meet our objectives. and receives updates, generally on an annual basis,
about its performance. We are active participants in community efforts to
International Labor Standards improve labor conditions in global supply chains,
We use ILS audits as a tool to identify and address
including the Joint Forced Labor Working Group,
We strive to foster safe, inclusive, and respectful labor-related issues. Audits are conducted by either
Business at OECD Investment and Responsible Business
workplaces wherever Disney-branded products are third-party auditors or Disney staff. Submitted social
Conduct Committee, the ILO Global Business Network
produced. Disney has set labor standards for the tens compliance audits are reviewed for compliance with
on Forced Labor, ILO Better Work, and others.
of thousands of facilities that make Disney-branded ILS program requirements. Corrective action plans
products, whether we procure products to sell directly are subsequently sent to licensees and vendors, who
to the consumer or license our intellectual property to are expected to review them with their facilities and Learn more about our ILS program:
independent businesses that use their own supply chains. implement steps to promptly remedy any identified
compliance violations. Supply Chain
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Workers directly
benefited since 2012
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GUEST SAFETY
CORPORATE GOVERNANCE ETHICS RISK OVERSIGHT HUMAN RIGHTS SUPPLY CHAIN GUEST SAFETY PRODUCT SAFETY PRIVACY & CYBERSECURITY DIGITAL WELLNESS RESPONSIBLE ADVERTISING JOURNALISTIC INTEGRITY TAX STRATEGY
PRODUCT SAFETY
Learn more in our
Data & Reporting Frameworks
The safety of products bearing Disney brands, at a minimum, the products meet applicable
characters, and other intellectual property is of regulatory requirements. Under the Disney Product
the utmost importance to us. Disney-branded Integrity Program, all test reports submitted are
consumer products, spanning numerous categories reviewed to verify that the testing was appropriate
from toys and apparel to books and fine art, are and that the proper procedures were performed. In
produced by thousands of independent licensees 2022, we introduced a new requirement prohibiting
and vendors around the world. Our product safety the use of per- and polyfluoroalkyl substances—
program accounts for this breadth, as well as the known as PFAS—in consumer products developed,
rapid changes in scientific knowledge, evolving sourced, and distributed by a Disney entity.
regulations, and consumer and community concerns.
In fiscal 2022, we updated our Supply Chain Code
Our Product Integrity function oversees Disney’s of Conduct to include “Quality and Safety.” Although
safety policies, procedures, and operating we had already communicated quality and safety
requirements for physical products containing expectations to suppliers, the updated Code formalized
Disney intellectual property across the enterprise. our expectations across our supply chains.
Disney requires that licensees and vendors
contractually commit to follow sensible, reasonable,
and proper procedures for verifying that Disney- Read more about how we manage the
branded products comply with applicable safety use of chemicals:
regulatory requirements and any additional Management of Chemicals
requirements that may be specified by Disney. in Consumer Products Policy
We also have policies to manage the use of chemicals
in products. These require vendors and licensees
to conduct analytical tests by certified third-party
testing laboratories or equivalent procedures,
including testing for chemical levels to verify that,
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Disney has implemented a robust and comprehensive The Company’s information security program • Assess: Determine whether controls are
global privacy program based on the principles of incorporates the core functions of the National implemented correctly, operating as intended,
privacy by design, accountability, transparency, and Institute of Standards and Technology Cybersecurity and producing the desired outcome. This is
giving consumers meaningful controls over their Framework, which provide a strategic view of accomplished through log collection and
personal data. We regularly assess and update our an organization’s management of cybersecurity reporting, control evaluations, risk assessments,
program to meet the requirements of emerging risk. These functions cover areas such as asset and remediation activities.
privacy laws and regulations across the world, as well management, governance, risk management, identity
• Authorize: Provide accountability by requiring
as to keep up with rapid advancements in technology and access management, awareness and training,
control owners to determine whether the
and new business initiatives. In 2022, this included data and information protection, response and
security risk, based on the operation of controls,
updates to reflect laws going into effect in 2023 in recovery, and communication protocols.
is acceptable.
California, Virginia, Colorado, Utah, and Connecticut.
We have an established information security • Monitor: Maintain awareness about the security
Day-to-day management of our data privacy policies is risk management framework that outlines the of systems through ongoing monitoring.
overseen by our Senior Vice President of Global Public following steps:
Policy, who reports directly to our General Counsel.
• Prepare: Prepare the organization to manage
We have incorporated privacy topics into the Company’s Read more about our approach to privacy:
its information security risks by identifying key
annual Standards of Business Conduct and information
roles, documenting responsibilities, establishing Privacy Center
security training, and we conduct ongoing specialized
information security risk principles, and helping
training for relevant groups that handle consumer and
ensure users are educated. Read more about our approach to cybersecurity:
employee data.
• Categorize: Categorize information systems based
Our Senior Vice President, CISO Cybersecurity & Information Security Management
on risk factors such as type of information stored
Technology, oversees day-to-day management of System document
or processed, exploitability, and business impact.
data security. This role reports to our Executive
Vice President of Enterprise Technology and Chief • Select and Implement: Protect information
Information Officer, who reports directly to our systems commensurate with risk by selecting,
Chief Financial Officer. The Audit Committee documenting, and implementing necessary controls.
oversees cybersecurity and data security risks, and
the Chief Information Officer updates the Board
of Directors or Audit Committee, at least annually,
on the Company’s cybersecurity and data security
risks and mitigation strategies.
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We believe that the digital world should be a space In addition to designing our digital platforms with We also participate in industry coalitions to
for kids and families to engage, learn, explore, and safety in mind, we invest in supporting children’s promote user awareness of online safety. For
express themselves. Disney strives to produce positive, digital well-being through our digital grant portfolio. example, we are a longtime sponsor of fragFINN,
respectful, high-quality content and experiences We provide funding to NGOs and other organizations collaborate with Childnet on Safer Internet Day
designed for individuals, children of all ages, and working on digital issues to educate children, parents, in the UK, act as signatories to the Alliance to
their families. and teachers around the globe about digital citizenship. Better Protect Minors Online, and participate in
Grantees provide expertise in areas including digital the Members Group of the Family Online Safety
We deliver content through multiple channels,
literacy and resilience, privacy, responsible internet Institute. In 2022, we joined the International
including our own digital offerings. Our internal
use, critical thinking, and educator training. Telecommunication Union’s Partner2Connect
policies and practices promote safety within our
Digital Coalition initiative, a multi-stakeholder
digital experiences. We also provide parents with In 2022, we expanded our comprehensive digital
platform that mobilizes resources, partnerships,
controls and recommendations so that they can wellness education programs with new programs
and commitments to foster meaningful
have the information they need to choose the content in Belgium, Bulgaria, Kenya, Nigeria, and South
connectivity and digital transformation globally,
and experiences right for their families. For example, Africa. Altogether, we supported 19 organizations
in the hardest-to-connect communities.
Disney+ and Hulu provide parents and caregivers around the world while increasing our focus on
with controls to manage their family’s engagement underserved communities, such as children in rural
with our content. This includes readily accessible areas, Indigenous people, refugees, and children See more on our approach to digital wellness:
content ratings as well as the ability to create with disabilities. Our initiatives supported peer-to-
profiles that can be tailored to provide a curated peer training, youth advisory councils, and media Privacy Center
set of content appropriate for the profile user. literacy initiatives (including reporting portals and
In addition, subscribers can establish a PIN to chat lines to assist children in crisis, and more). Learn more about the content safety
control profile access. functionalities on some of our platforms:
As an example, the Paradigm Initiative works to
connect underserved African youth with digital Disney+ Help Center
opportunities to improve livelihoods. Disney supports
its LIFE (Life skills, Information & communications Hulu Help Center
technology, Financial literacy, and Entrepreneurship)
Legacy Program, which equips participants with digital
literacy and entrepreneurship skills and connects
them to internships or entrepreneurial ventures.
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FB-RN-260a.3
Learn more in our Data & Reporting Frameworks
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In This Section
Overview 80
TCFD Index 89
SASB Index 90
SDG Indicators 95
Forward-Looking Statements 99
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OVERVIEW FISCAL 2022 DATA TABLE TCFD INDEX SASB INDEX SDG INDICATORS FORWARD-LOOKING STATEMENTS
OVERVIEW
We are committed to providing an annual account Scope Select Policies & Practices
of our performance on corporate social responsibility
Unless otherwise specified, all data and information Disney is committed to a number of policies
topics and we appreciate feedback on our efforts
in this CSR Report pertain to efforts in fiscal 2022, and practices that promote the thoughtful and
and reporting. Our assessment of priority areas
which began on October 3, 2021, and ended on ethical operation of our businesses.
of impact to our businesses and stakeholders drives
October 1, 2022. For the most part, data refer to
the content and data in this report. These priorities— ENVIRONMENT
assets under management as of the beginning of the
and thereby our reporting of them—are informed • 2022 CDP Climate Change Survey Response
fiscal year. The terms “Company,” “we,” “Disney,” and
by various frameworks. These include Sustainability • 2030 Environmental Goals White Paper
“our” are used to refer collectively to the parent
Accounting Standards Board (SASB), CDP (formerly • Live Animals in Entertainment Policy
company and the subsidiaries through which business
the Carbon Disclosure Project), Task Force on Climate- • Management of Chemicals in Consumer Products
is conducted. Inclusion of information in this report
related Financial Disclosure (TCFD), United Nations • Natural Climate Solutions White Paper
should not be construed as a characterization of the
Sustainable Development Goals (SDGs), and others. • Paper Sourcing and Use Policy
materiality or financial impact of that information.
This update represents our impacts, progress, and SOCIAL
results as they relate to social and environmental
Learn more about our Company and our social • California Transparency in Supply Chains
responsibility. Our Corporate Reporting function,
and environmental responsibility efforts: Act Statement
which also manages Disney’s financial data and
• Charitable Giving Guidelines
reporting, collects and validates our data. We take TheWaltDisneyCompany.com • Conflict Minerals Policy
care to explain estimates or assumptions that have • 2021 EEO-1
been used in the development of metrics, Impact.Disney.com
• Human Rights Policy
as appropriate. • International Labor Standards Program Manual
View our Annual Report on Form 10-K for • Involuntary Labor Policy
the year ended October 1, 2022 and other • Nutrition Guidelines
publicly filed documents • Our Stories and Characters
• Pay Ratio Disclosure
The Walt Disney Company:
• Permitted Sourcing Countries Policy
Investor Relations
• Privacy Center
• Smoking in Movies
Visit our ESG Reporting Center to see more • Supply Chain Code of Conduct
policies & practices: • UK Modern Slavery Act Transparency Statement
ESG Reporting Center
GOVERNANCE
• Anti-corruption Policy
• Anti-piracy Policy
• Global Tax Strategy Statement
• Information Security Management System
• Political Giving & Participation in the
Formulation of Public Policy
• Standards of Business Conduct
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OVERVIEW FISCAL 2022 DATA TABLE TCFD INDEX SASB INDEX SDG INDICATORS FORWARD-LOOKING STATEMENTS
Environmental Sustainability20
2022 2021 2020 2019 2022 2021 2020 2019
Scope 1 Emissions21, 22, 46 901,714 503,221 614,971 909,382 Scope 3 Emissions25 In progress NR NR 10,237,024
Stationary Fuel 181,084 NR NR NR Category 1 Purchased Goods and Services26, 27, 28, 30 In progress NR NR 5,343,559
Mobile Fuel 696,695 NR NR NR Category 2 Capital Goods26, 28 In progress NR NR 317,349
Refrigerants, Livestock, Other 23,934 NR NR NR Category 3 Fuel- and Energy-Related Activities 28, 29 In progress NR NR 366,608
Scope 2 Emissions (location-based)21, 22, 46 702,062 675,984 714,874 913,359 Category 4 Upstream Transportation In progress NR NR 317,832
and Distribution27, 31
Scope 2 Emissions (market-based)21, 22, 23, 46 679,506 687,042 681,456 898,696
Category 5 Waste Generated in Operations32 In progress NR NR 117,241
Electricity 642,244 NR NR NR
Category 6 Business Travel26, 31 In progress NR NR 297,813
Chilled Water, Hot Water, Other 37,262 NR NR NR
Category 7 Employee Commuting28, 31 In progress NR NR 462,086
Total Scope 1 & 2 Emissions (location-based) 21, 22, 46
1,603,776 1,179,205 1,329,845 1,822,741
Category 8 Upstream Leased Assets26 In progress NR NR 34,563
Total Scope 1 & 2 Emissions (market-based) 21, 22, 23, 46
1,581,220 1,190,263 1,296,427 1,808,078
Category 9 Downstream Transportation In progress NR NR NR
Retired Carbon Credits23, 24 801,077 410,120 470,209 860,620 and Distribution36
Net Emissions (market-based)21, 22, 23, 24 780,143 780,143 826,218 947,458 Category 10 Processing of Sold Products37 In progress NR NR NR
Category 11 Use of Sold Products31 In progress NR NR 7,250
Category 12 End-of-Life Treatment In progress NR NR 18,034
of Sold Products26, 27, 30
Category 13 Downstream Leased Assets33 In progress NR NR 72,588
Category 14 Franchises26, 28, 30, 31, 34, 35 In progress NR NR 2,789,705
Category 15 Investments26 In progress NR NR 92,396
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OVERVIEW FISCAL 2022 DATA TABLE TCFD INDEX SASB INDEX SDG INDICATORS FORWARD-LOOKING STATEMENTS
ENERGY WATER45
Total Energy (MWh)38 5,727,672 3,907,990 4,438,061 5,962,270 Total Water Consumed (billions of gallons) 8.00 6.71 NR NR
Total Electricity (MWh) 1,978,499 NR NR NR Potable Water Consumed (billions of gallons) 6.16 5.09 4.99 6.53
Percentage Zero Carbon Electricity41 34% 30% NR NR Non-Potable Water Consumed (billions of gallons) 1.84 1.62 NR NR
Percentage Grid Electricity39 35% 48% 42% NR
SUSTAINABLE DESIGN42, 44
Percentage Renewables40 4.4% 5.3% 7.0% NR
Percentage of Construction Waste Diverted 95% 96% NR NR
Renewable Fuel (MWh) 33,015 NR NR NR from Landfill and Incineration
Renewable Electricity, On-site Generation (MWh)40 983 NR NR NR Construction Waste Generated (tons) 100,536 62,332 NR NR
Utility Green Power Programs (MWh)40 118,145 NR NR NR Construction Waste Sent to Landfill (tons) 4,997 2,183 NR NR
Unbundled RECs (MWh)40 100,000 NR NR NR Construction Waste Diverted (tons) 95,538 60,148 NR NR
WASTE42
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Social Impact
2022 2021 2020 2019 2022 2021 2020 2019
Charitable Giving (cash contributions, in millions)47 $ 97.1 $ 87.1 $ 80.4 $ 107.0 VoluntEARS Hours50 480,000 341,500 321,700 612,300
Charitable Giving (in-kind donations, in millions)48 $ 136.2 $ 206.6 $ 252.7 $ 231.2
SUPPLIER DIVERSITY
Total Charitable Giving $ 233.3 $ 293.7 $ 333.1 $ 338.2
(cash and in-kind donations, in millions)47, 48 Total Direct Spend with Minority, Women, $803.6 $449.0 $438.7 $590.8
Disabled, U.S. Veteran, Service-Disabled U.S. Veteran,
Charitable Giving to Programs Supporting $ 140.3 $ 153.8 NR NR U.S. Veteran Spouse, and LGBTQIA+ Owned
Underrepresented Communities Business Enterprises (in millions)51
(cash and in-kind donations, in millions)47, 48, 49
Workforce
2022 2021 2020 2019 2022 2021 2020 2019
Global Employees53, 54 220,000 190,000 203,000 224,000 Learning Courses Offered (unique)55, 56 22,100 20,000 24,000 13,700
Casual Seasonal (global)53 7% 5% 1% 7% Number of Learning Courses Taken55 2,200,000 2,050,000 1,590,000 1,600,000
Casual Ongoing (global)53 15% 16% 19% 18% Median Wage Earnings for U.S. Disney Parks, Experiences $17.50/hour $17/hour $17/hour NR
and Products Hourly Employees57
Full-Time (global)53 78% 79% 80% 75%
Percentage of U.S. Disney Parks & Resorts Hourly 100% 100% 100% NR
Percentage of Employees Covered by 53% 54% 54% 50% Employees Earning Minimum Wage or Higher57
Collective Bargaining Agreements (U.S.)
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Women (Global) 50.9% 50.3% 50.9% 50.9% Women (Global) 44.5% 43.3% 42.8% 42.6%
People of Color (U.S.) 46.7% 46.3% 46.1% 45.6% People of Color (U.S.) 32.0% 30.2% 29.3% 29.3%
Asian (U.S.) 7.4% 7.4% 7.3% 7.2% Asian (U.S.) 10.8% 10.3% 10.0% 10.1%
Black or African American (U.S.) 8.1% 8.6% 8.4% 8.4% Black or African American (U.S.) 5.6% 5.6% 5.2% 5.0%
Hispanic or Latino (U.S.) 27.9% 27.0% 27.1% 26.7% Hispanic or Latino (U.S.) 12.7% 11.7% 11.6% 11.8%
Native American or Alaskan Native (U.S.) 0.3% 0.3% 0.3% 0.3% Native American or Alaskan Native (U.S.) 0.3% 0.3% 0.2% 0.2%
Native Hawaiian or Other Pacific Islander (U.S.) 0.6% 0.6% 0.7% 0.7% Native Hawaiian or Other Pacific Islander (U.S.) 0.5% 0.4% 0.4% 0.4%
White (U.S.) 47.3% 50.9% 51.1% 51.5% White (U.S.) 65.6% 67.8% 69.3% 69.3%
Two or More Races (U.S.) 2.4% 2.3% 2.4% 2.3% Two or More Races (U.S.) 2.1% 1.8% 1.8% 1.8%
Undisclosed (U.S.) 5.9% 2.7% 2.7% 2.9% Undisclosed (U.S.) 2.3% 2.0% 1.3% 1.4%
Women (Global) 45.5% 43.3% 41.8% 40.9% Women (Global) 52.2% 51.9% 52.7% 52.8%
People of Color (U.S.) 27.5% 24.7% 22.5% 21.2% People of Color (U.S.) 50.0% 50.0% 49.8% 49.3%
Asian (U.S.) 11.1% 10.2% 9.6% 9.0% Asian (U.S.) 6.7% 6.8% 6.8% 6.6%
Black or African American (U.S.) 6.8% 6.0% 4.9% 4.4% Black or African American (U.S.) 8.5% 9.3% 9.0% 9.1%
Hispanic or Latino (U.S.) 7.1% 6.3% 6.1% 6.1% Hispanic or Latino (U.S.) 31.3% 30.5% 30.4% 30.1%
Native American or Alaskan Native (U.S.) 0.2% 0.2% 0.3% 0.2% Native American or Alaskan Native (U.S.) 0.3% 0.3% 0.3% 0.3%
Native Hawaiian or Other Pacific Islander (U.S.) 0.3% 0.2% 0.2% 0.2% Native Hawaiian or Other Pacific Islander (U.S.) 0.7% 0.7% 0.7% 0.7%
White (U.S.) 69.9% 73.3% 76.1% 77.1% White (U.S.) 43.3% 47.2% 47.2% 47.5%
Two or More Races (U.S.) 2.1% 1.8% 1.4% 1.3% Two or More Races (U.S.) 2.5% 2.5% 2.5% 2.4%
Undisclosed (U.S.) 2.3% 1.9% 1.4% 1.6% Undisclosed (U.S.) 6.6% 2.9% 3.0% 3.2%
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DIRECTORS ON AIR
People of Color 42.0% 39.0% 33.5% NR People of Color 42.1% 40.7% 39.6% NR
White 58.0% 61.0% 66.5% NR White 57.9% 59.3% 60.4% NR
Women 45.1% 42.2% 40.3% NR Women 34.3% 34.4% 33.4% NR
Men 54.9% 57.8% 59.7% NR Men 65.7% 65.6% 66.6% NR
People of Color 49.1% 47.0% 45.4% NR People of Color 32.4% 31.2% 29.2% NR
White 50.9% 53.0% 54.6% NR White 67.6% 68.8% 70.8% NR
Women 46.7% 47.3% 45.9% NR Women 38.2% 38.2% 38.6% NR
Men 53.3% 52.7% 54.1% NR Men 61.8% 61.8% 61.4% NR
PRODUCERS
WRITERS
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Supply Chain
2022 2021 2020 2019 2022 2021 2020 2019
Italy 1,200 (3%) 1,290 (3%) 1,380 (3%) 1,370 (3%) Protection of the Environment 22% 24% 28% 30%
Turkey 960 (2%) 880 (2%) 780 (2%) 670 (2%) Other Laws 15% 17% 20% 22%
France 850 (2%) 870 (2%) 920 (2%) 930 (2%) Subcontracting <1% 1% 1% 2%
United Kingdom 770 (2%) 780 (2%) 880 (2%) 930 (2%) Monitoring and Compliance 4% 4% 5% 6%
Portugal 720 (2%) 750 (2%) 870 (2%) 810 (2%) Publication 2% 1% 2% 3%
Vietnam 560 (1%) 550 (1%) 1% or less 1% or less
FACILITY AUDITS66, 67
Poland 500 (1%) 530 (1%) 1% or less 1% or less
Percentage of Tier 1 Supplier Facilities Audited 35% 34% 32% NR
Germany 490 (1%) 520 (1%) 610 (1%) 640 (2%)
Percentage of Tier 1 Audits Conducted by a 97% 96% 94% NR
Spain 450 (1%) 470 (1%) 1% or less 1% or less
Third‑Party Auditor
All Other Facilities 4,970 (11%) 5,010 (10%) 6,690 (15%) 6,960 (16%)
(in countries with <1% of total facilities)
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Healthy Living68
2022 2021 2020 2019
Percentage of Disney-Licensed Wholesale Food Sales Dedicated to Everyday Foods That Meet Our Nutrition Guidelines
Global Meets Meets 84% Meets
85% 85% 85%
Target Target Target
North America Meets Meets Meets Meets
85% 85% 85% 85%
Target Target Target Target
Footnotes
General green power purchases, power purchase agreements, and data directly from suppliers; calculating upstream emissions of goods 34 Franchise-specific methodology involves collecting
unbundled energy attribute certificates (EACs). Our approach and services from suppliers’ activity data on the amount of materials, site-specific activity data or Scope 1 and Scope 2 emissions
19 Disney’s fiscal year ends on the Saturday closest to September 30. to carbon credits can be found in our Natural Climate Solutions fuel, and electricity used, as well as distance transported and waste data from franchisees.
White Paper. We will have achieved our 2030 “net zero emissions” generated from the production of goods and services, and applying 35 Asset-specific methodology involves collecting asset-specific
Environmental Sustainability goal when “net emissions,” as defined above, equals 0. appropriate emission factors; and using secondary data to calculate (e.g., site-specific) fuel and energy use data and process and
24 Carbon credits are from projects developed according to upstream emissions wherever supplier-specific data are not available. fugitive emissions data, or Scope 1 and Scope 2 emissions data
20 Some previously published environmental data have been
restated to reflect corrections, updates to methodology, and/or recognized standards (e.g., Climate Action Reserve, Verified 28 Average data methodology estimates emissions for goods and from individual leased assets.
changes in emission factors. Fiscal 2019 and fiscal 2020 data Carbon Standard, Gold Standard). All credits are verified by services by collecting data on the mass (e.g., kilograms or pounds) 36 Emissions within this category were evaluated and determined
have been revised to include Twenty-First Century Fox operations. accredited third-party reviewers. or other relevant units of goods or services purchased, and not to be relevant. Activities identified as downstream
25 Scope 3 emissions calculations follow guidance provided by the multiplying by the relevant secondary (e.g., industry average) transportation and distribution do not result in significant
21 The boundary for Disney’s greenhouse gas emissions (GHG)
GHG Protocol. In many instances, these emissions calculations are emission factors (e.g., average emissions per unit of good or service). Scope 3 emissions for the Company.
reporting includes owned and operated assets (such as Theme Parks
& Resorts, Disney Cruise Line, and commercial spaces), leased assets based on estimated and extrapolated data and rely on third-party 29 Fuel-based methodology involves determining the amount of 37 Emissions within this category were evaluated and determined
(such as office locations), as well as Productions (including feature emission factor databases and industry averages. We expect to make fuel consumed (i.e., Scope 1 and Scope 2 emissions of transport not to be relevant. The Company does not have any activities
films, television, theatricals, and sporting events). Direct CO2 continuous improvements to Scope 3 estimates over time, including providers) and applying the appropriate emission factor for that fuel. that it characterizes as intermediate goods.
emissions from biogenic fuels are not included in the Scope 1 totals. updates to assessments of business activities and activity boundaries, 30 Average product methodology involves estimating emissions
They are as follows: FY19: 29,146 MT CO2e; FY20: 16,799 MT and improvements in input data and emission factors. At the time 38 Total energy includes electricity, natural gas, chilled water,
for goods by collecting data on the mass or other relevant units hot water, steam, compressed air, renewable energy, and fuels.
CO2e; FY21: 22,662 MT CO2e; FY22: 4,890 MT CO2e. of publishing this report, fiscal 2019 is our most recent Scope 3 of goods purchased and multiplying by relevant secondary
inventory, with fiscal 2022 Scope 3 footprint calculation in progress FY19–FY21 data excludes energy from Productions.
22 GHG emissions are measured and calculated according to the (e.g., industry average) emission factors (e.g., average emissions
(to be reported out at a later date). per unit of good). 39 Percentage grid electricity is purchased electricity consumption
principles in the World Resources Institute (WRI) and the
World Business Council for Sustainable Development (WBCSD) 26 Spend-based methodology estimates emissions for goods and divided by total energy consumption.
31 Distance-based methodology involves determining the mass,
Greenhouse Gas Protocol’s “A Corporate Accounting and Reporting services by collecting data on the economic value of goods and distance, and mode of each shipment, then applying the appropriate 40 Percentage renewables is renewable energy consumption
Standard, 2004 Revised Edition” (GHG Protocol). services purchased and multiplying that by relevant secondary mass-distance emission factor for the vehicle used. divided by total energy consumption. Renewable energy
(e.g., industry average) emission factors (e.g., average emissions consumed includes renewable fuels and renewable electricity
23 Market-based emissions are used where available in calculating 32 Waste-type specific methodology involves using emission factors
per monetary value of goods). that we produce or purchase and match with Renewable
carbon credit retirements, total emissions, and net emissions. for specific waste types and waste treatment methods.
We define “net emissions” as follows: Scope 1 emissions + Scope 2 27 Hybrid methodology uses a combination of supplier-specific activity Energy Certificates (RECs) or Guarantees of Origin (GOs).
emissions (market-based) – carbon credits. Scope 2 emissions data (where available) and secondary data to fill the gaps. This 33 Site-specific methodology involves site-specific fuel, electricity, and The renewable portion of the electricity grid mix for which we
(market-based) include emission reductions attributed to utility method involves: collecting allocated Scope 1 and Scope 2 emissions fugitive emissions data, and applying the appropriate emission factors. do not possess RECs or GOs is not included in this calculation.
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Footnotes
41 Percentage zero carbon electricity is zero carbon electricity value across a daypart rotation. Therefore, we do not use a single 56 Data represents the number of unique courses offered. In CSR 62 Content representation data for Scripted & Film for fiscal 2021
consumption divided by total electricity consumption. We define method to value PSAs. Reports in prior years, this metric measured the number of were restated due to a change in calculation methodology.
zero carbon electricity as any type of electricity generation that does scheduled classes of a unique course. Methodology was updated Updated methodology totals talent by show instead of business
not generate GHGs such as solar, wind, geothermal, nuclear, and 49 Includes grants directed toward historically underrepresented to better reflect unique courses offered vs. courses consumed. unit, providing a more accurate measurement of representation.
large-scale hydropower. and protected communities, including Asian American & Pacific
Islander, Black & African American, Hispanic & Latino, Native 57 Almost all hourly full-time and part-time nontipped employees
42 Waste diverted includes waste prevention, donations, recycling, American & Indigenous, and LGBTQIA+ communities, as well as in our U.S. Disney Parks, Experiences and Products business earn Supply Chain
compost, anaerobic digestion, and thermal waste-to-energy. Total People with Disabilities, veterans, and women. We also include a base rate of at least $15/hour, excluding Walt Disney World
63 The supply chain for Disney-branded products experiences
waste generated includes diverted waste, waste sent to landfill, and grants to organizations where a percentage of their services College Program participants (this program is not comparable to
routine fluctuations in active facilities. In any given year, a
incineration without energy recovery. Incineration without energy reaches underrepresented and protected communities. If the other employment opportunities, as it includes other benefits such
significant number of new facilities may become authorized
recovery is not counted in total waste sent to landfill nor total waste organization spends a majority of its efforts on these communities, as housing and transportation) and Disney Stores in select regions.
to produce Disney-branded products, which complicates any
diverted—thus the two do not sum to total waste generated. we count the entire grant, and if the organization does not All employees earn minimum wage or higher. Median earnings for
year-to-year comparison. In fiscal 2022, the facility count
43 For total Company data, facilities include Theme Parks & Resorts, spend a majority, we count a proration of the grant. We rely on each hourly employees is based on total earnings for total hours paid
shown includes approximately 2,100 beyond Tier 1 that are
Disney Cruise Line, ESPN, enterprise-owned commercial and office organization’s self-reported percentages regarding communities and includes the impact of overtime, shift premiums, and gratuities.
subject to the purview of the Disney International Labor
spaces, and Pixar. Excluded are all leased properties, Disney Stores served. On a sample basis, we validate the percentages that we report. Excludes the value of benefits for eligible employees.
Standards (ILS) program.
and Distribution Centers, TV stations, and all construction materials. 50 Disney VoluntEARS data includes hours logged by employees of 58 Headcount includes full-time and part-time employees at
64 Facility footprint data includes all facilities authorized to
44 Diversion rate includes data from annual facility asset planning The Walt Disney Company and its subsidiaries and is rounded. TWDC, Hulu, Pixar, Disneyland Paris, and TFCF. Excludes dailies,
manufacture Disney-branded products at any point during
construction projects and construction for new assets that became freelancers, contractors, casual seasonal, interns, and domestic
51 Supplier diversity data includes Tier 1 spend with firms that the fiscal year. With respect to TFCF intellectual property, as
operational in the reporting year, in the U.S. and Europe only. TWDC employees not paid in the last 60 days. Domestic counts
have obtained certification from a third-party agency as being at contracts are newly executed, renewed, or amended with
exclude Disney Cruise Line Shipboard. Percentages for women
45 The boundary for Disney’s water volume reporting includes owned least 51% owned, controlled, and operated by a minority, woman, respect to the manufacturing of products, the facilities producing
based on global full- and part-time headcount. Percentages for
and operated assets (Theme Parks & Resorts, Disney Cruise Line, disabled person, veteran, service-disabled veteran, veteran spouse, such goods fall under the purview of the Disney ILS Program
People of Color include U.S.-based full- and part-time employees
owned commercial and office spaces, Studios, and ESPN). Water or lesbian, gay, bisexual, or transgender person. We validate diverse and are included in the facility footprint data. Facility data are
only. People of Color includes employees who are Asian American,
consumption from Disney Stores and leased assets are excluded. status through certification compliance using WBENC, NMSDC, rounded to the nearest hundred.
Black or African American, Hispanic or Latino, Native American
Water data for Shanghai Disney Resort were not included in data Department of Veterans Affairs, NGLCC, and Disability:IN. or Alaskan Native, Native Hawaiian or Other Pacific Islander, or 65 For country facility data, total facilities are approximate
prior to fiscal 2021. Two or More Races. and rounded.
46 A third-party validator provided limited assurance of our fiscal 2019, Workforce, Diversity & Inclusion 59 “Executive” includes employees at the Director level and above. 66 Disney uses the World Bank’s Governance Indicators as the
fiscal 2020, and fiscal 2021 GHG emissions. Limited assurance of 52 Employee statistics generally reflect our employment base at the “Manager” includes employees at Manager levels. “Below Manager” primary resource for identifying and comparing areas of risk
fiscal 2022 emissions will be reported out upon completion. end of each fiscal year. includes employees that do not meet Executive or Manager criteria. and determining where to focus our monitoring resources
In fiscal 2021 and prior, TFCF Directors were included in Manager. and requirements. Please refer to our Permitted Sourcing
53 Headcount includes employees at The Walt Disney Company Countries Policy.
Social Impact (TWDC), Hulu, Pixar, Disneyland Paris, and Twenty-First Century 60 Scripted & Film Representation percentages include ABC
47 Charitable cash contributions include Company-directed charitable Fox (TFCF). Excludes dailies, freelancers, contractors, and Entertainment, ABC Signature (previously known as ABC Studios), 67 The Disney ILS Program works toward ongoing and sustainable
cash donations, including contributions made by the Disney domestic TWDC employees not paid in the last 60 days. Disney Branded Television, Freeform, FX, Hulu Originals, National improvement in working conditions at facilities producing
Conservation Fund, as well as employee-directed Matching Geographic, Onyx Collective, 20th Television, and feature films Disney-branded products. All Code of Conduct violations
54 Consistent with our 10-K, Global Employee numbers are rounded identified in active facilities as the result of audits or assessments
Gifts grants and Disney VoluntEARS Grants. from Disney, Disney Animation, Pixar, Lucasfilm, 20th, Searchlight,
to the nearest thousand. must be corrected or remediated within the time periods and in
and Marvel. Data are limited to content developed by TWDC and
48 In-kind support refers to noncash contributions comprising tangible 55 Learning-related data are approximate and rounded. Data reflects excludes Daytime, unscripted, global content developed in region, the manner established by the Disney ILS Program as a condition
items or non-tangible support. Donations may include, but are not courses offered through our top learning platforms: D Learn, and Star. Data are not available for fiscal 2019. of continued use of the facility for the production of Disney-
limited to, estimated values for merchandise, theme park tickets, Harvard Spark, Harvard ManageMentor, and Harvard Leading branded products.
food, public service announcements (PSAs), character/talent 61 News and Sports Representation percentages include executive,
Edge. D Learn data represents all employees, excluding Pixar and
appearances, and other noncash charitable support. Due to project hire, and full- and part-time employees. Data excludes
contract workers for all years and Hulu employees prior to fiscal
differences in distribution, viewership, programming, availability, contingent workers, student programs, daily employees, and Healthy Living
2021. Data incorporates both required and non-required courses,
pricing, marketplace demand, and other variables, PSAs are valued seasonal employees. Employees that did not disclose gender
including online courses, orientations, in-person classes, and on 68 Healthy Living licensing results do not include TFCF businesses
differently across our media platforms. For example, in some cases, information or disclosed they are Non-binary/Third Gender are
demand content. Participants can attend more than one course and prior to fiscal 2022.
PSAs are valued based on an average sales price for the time included in the Men metric. Employees that did not disclose
may view online content more than once, depending on their
period. In other cases, the value is based on an average sponsor ethnicity information are included in the White metric. Data are
individual needs.
not available for fiscal 2019.
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TCFD INDEX
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SASB INDEX
The Sustainability Accounting Standards Board (SASB) Standards, now part of the International
Financial Reporting Standards (IFRS) Foundation, is a set of standards to guide the disclosure of
sustainability information by companies to their investors. The following index maps our disclosures
to certain SASB indicators. Given our broad array of businesses that span multiple industries
around the globe, we have focused this year’s reporting on the recommended indicators for the
“Media & Entertainment” and “Internet Media & Services” industries. Where relevant, we also
highlight select information relevant to the “Leisure Facilities,” “Hotels & Lodging,” “Restaurants,”
“Cruise Lines,” “Apparel, Accessories, and Footwear,” and “Toys & Sporting Goods” industries. As
our businesses continue to grow and evolve, we expect to advance and refine our disclosures over
time. Metrics and disclosures are reported on an enterprise-wide level, unless otherwise indicated.
GREENHOUSE GAS EMISSIONS Gross Global Scope 1 emissions • Fiscal 2022 Data Table & Data Table Footnotes, pp. 81, 87, 88 TR-CL-110a.1
Discussion of long-term and short-term strategy • 2030 Environmental Goals White Paper TR-CL-110a.2
or plan to manage Scope 1 emissions, emission • 2022 CDP Climate Change Survey Response
reduction targets, and an analysis of
performance against those targets
ENERGY MANAGEMENT (1) Total energy consumed, • (1, 2, 3) Fiscal 2022 Data Table & Data Table Footnotes, pp. 82, 87 TC-IM-130a.1;
(2) percentage grid electricity, and SV-LF-130a.1;
(3) percentage renewable SV-HL-130a.1;
FB-RN-130a.1
WATER MANAGEMENT (1) Total water withdrawn, and • (1, 2) Fiscal 2022 Data Table & Data Table Footnotes, pp. 82, 88 TC-IM-130a.2;
(2) total water consumed, percentage of • We are disclosing the total potable water consumption and total non-potable water consumption at this time and SV-HL-140a.1;
each in regions with High or Extremely High will assess the expansion of our disclosures in future reporting. FB-RN-140a.1
Baseline Water Stress
WASTE MANAGEMENT (1) Total amount of waste, • (1, 3) Fiscal 2022 Data Table & Data Table Footnotes, pp. 82, 87, 88 FB-RN-150a.1
(2) percentage food waste, and • (2) Not reported
(3) percentage diverted
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LABOR CONDITIONS Percentage of • (1) Fiscal 2022 Data Table & Data Table Footnotes, pp. 86, 88 CG-AA-430b.1;
IN THE SUPPLY CHAIN (1) Tier 1 supplier facilities and • (2) Not reported CG‑TS‑430a.1
(2) supplier facilities beyond Tier 1 that have • (3) Percentage of Tier 1 audits conducted by a third-party auditor provided in Fiscal 2022 Data Table & Data Table Footnotes, pp. 86, 88
been audited to a labor code of conduct, and
(3) percentage of total audits conducted by a
third-party auditor
Description of the greatest • (1, 2) Supply chain assessments identify the most common risks to be in the areas of health and safety, overtime hours, and social CG-AA-430b.3
(1) labor and benefits; see Fiscal 2022 Data Table & Data Table Footnotes, p. 86. We understand that supply chain assessments may not fully
(2) environmental, health, and safety risks in capture some underreported issues, including such issues as sexual harassment, forced labor, and interference with freedom of
the supply chain association. We continue to explore additional methods for gaining such visibility. Our supply chain policy commitments are
described in our ILS Program Manual, Human Rights Policy, Conflict Minerals Policy, California Transparency in Supply Chains
Act, UK Modern Slavery Act, and Paper Sourcing and Use Policy.
WORKFORCE DIVERSITY Programs and policies for fostering • World of Belonging, pp. 15–20, 28 SV-ME-260a.1
equitable employee representation across • Fiscal 2022 Data Table & Data Table Footnotes, pp. 84, 85, 88
global operations • Standards of Business Conduct, p. 10
• Reimagine Tomorrow digital destination
Percentage of gender and racial/ethnic • (1, 2, 3) Fiscal 2022 Data Table & Data Table Footnotes, pp. 84, 85, 88 TC-IM-330a.3
group representation for • Reimagine Tomorrow digital destination
(1) management,
(2) professionals, and
(3) all other employees
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LABOR PRACTICES (1) Average hourly wage and • (1, 2) Fiscal 2022 Data Table & Data Table Footnotes, pp. 83, 88 SV-HL-310a.3;
(2) percentage of hourly employees earning FB-RN-310a.2
minimum wage
Description of policies and programs to • Standards of Business Conduct, pp. 9–10, 37–38 SV-HL-310a.4
prevent worker harassment
MEDIA PLURALISM Description of policies and procedures to ABC News is committed to Diversity & Inclusion. There are three pillars to ABC News' Diversity & Inclusion efforts: SV-ME-260a.2
ensuring pluralism in news media content • PEOPLE—Our people, at all levels, should reflect the life experiences of our audiences. This is reflected across all staffing levels,
correspondents, executives, managers, producers, writers, editors, and junior staff.
• CONTENT—Our work is relevant to a rapidly diversifying audience. This is reflected in the growth of content and story coverage
that focuses on the experiences and interests of diverse audiences at the intersection of race, politics, culture, and lifestyle.
• CULTURE—Our environment promotes curiosity, innovation, and ideas from everyone. This is reflected in a number of initiatives,
including the News Division–wide “Everyday Inclusion” program, relevant employee committees, and frequent Diversity & Inclusion
workshops and discussions programmed throughout the year.
ABC News’s commitment to the straightforward pursuit of truth drives all our work across platforms in established and new-and-
emerging technologies. Our success lies in our dedication to the highest-quality journalism, which means a commitment to fairness,
compelling storytelling, and, of utmost importance, uncompromising accuracy. We expect employees to approach their work with
rigor, to question thoroughly and skeptically, and to analyze deeply.
We continue to build on the exceptional legacy of ABC News, upholding high standards in journalism, while also leading in
innovation. Our editorial integrity and commitment to accuracy provide the foundation for the outstanding work that we do.
JOURNALISTIC INTEGRITY & Description of approach for (1) Truthfulness, accuracy, objectivity, fairness, and accountability: It is the mission of ABC News to inform the public on matters SV-ME-270a.3
SPONSORSHIP IDENTIFICATION ensuring journalistic integrity of of interest and importance to them. The credibility we have with our audience is essential to this mission and we, therefore, attach
(continued on next page) news programming related to: great importance to the maintenance of our fairness and integrity—both real and perceived—as we gather and report the news.
(1) truthfulness, accuracy, objectiveness, Company policies on Business Ethics, Fairness, and Insider Trading apply to all employees in every division, and those policies are
fairness, and accountability particularly important to ABC News employees. We share responsibility for maintaining our reputation for fairness and accuracy.
Action that damages that reputation, or even gives the appearance of compromising it, harms both ABC News and the individuals
involved. All employees of ABC News are, therefore, required to abide by the letter and spirit of our policies and to be alert to
subtle efforts that could have the effect of compromising the integrity of ABC News.
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JOURNALISTIC INTEGRITY & (2) independence of content and/or (2) Independence of content and/or transparency of potential bias: ABC News employees are hired to report and record news SV-ME-270a.3
SPONSORSHIP IDENTIFICATION transparency of potential bias, and events, not to participate in them. News employees should remain professionally detached in all situations and not take action
(continued) (3) protection of privacy and limitation that would be seen as favoring one side or the other. We take particular care to act in a neutral and professional manner where
of harm the passions of others are engaged or aroused. We must all share an uncompromising commitment to accuracy and fairness in
reporting the news. We are committed to seeking out knowledgeable and credible sources of information, as well as reaching out
for and carefully evaluating comments from those accused of wrongdoing and others with relevant information and perspectives on
the matters that we are covering. When ABC News covers stories about The Walt Disney Company or other affiliated or subsidiary
companies, we make clear disclosures about the relationship.
(3) Protection of privacy and limitation of harm: News staffers receive extensive guidance and training on privacy concerns and
other legal issues through legal and standards training sessions. And as a regular part of our newsgathering process, there are
targeted reporting meetings to discuss journalistic and legal issues.
Similarly, the mission of ESPN is to provide credible, timely, contextual, and trustworthy information. This mission is supported by
detailed editorial guidelines intended to protect ESPN’s journalistic credibility across platforms and with the oversight of the
ESPN Editorial Board. ESPN reviews its performance against these standards on an ongoing basis and regularly reviews and
provides training on guidelines for personnel. Ultimately, every member of the ESPN editorial teams is responsible for upholding
the reputation and integrity of ESPN reporting.
NUTRITIONAL CONTENT Number of advertising impressions made on • Approximately 100% of food and beverage advertising on our media platforms oriented to kids and families meets Disney FB-RN-260a.3
children, percentage promoting products that Nutrition Guideline standards.
meet national dietary guidelines for children • Disney Nutrition Guideline standards are informed by national dietary guidelines and focus on limiting calories, fats, sugars,
and salt while promoting consumption of fruits, vegetables, whole grains, lean protein, and low-fat dairy.
DATA PRIVACY Description of policies and practices relating • We are committed to giving consumers transparency into our data collection and use practices and having robust controls over TC-IM-220a.1
to behavioral advertising and user privacy how we use that data. Our privacy policy describes how consumers’ information is collected and used, as well as the very limited
circumstances under which consumer data may be shared with third parties. That policy also contains information about choices
consumers must make to limit the use of their data for targeted advertising and direct marketing purposes. Links to the privacy
policy, as well as the control mechanisms for limiting targeted advertising, can be found on our Privacy Center.
Number of users whose information is used • As described above, we are committed to giving consumers notice about how their data will be used, and we only share data TC-IM-220a.2
for secondary purposes with third parties in very limited circumstances, such as when the consumer gives their consent or where the third party is acting
as our service provider. Accordingly, we do not have a policy of using consumers’ data for secondary purposes.
DATA SECURITY STANDARDS Description of approach to identifying and • Our approach to cybersecurity is addressed in the Operating Responsibly section of this report on p. 75, and in greater detail in FB-RN-260a.3
addressing data security risks, including use of our Information Security Management System document online.
third-party guidelines for children
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INTELLECTUAL PROPERTY Description of approach to ensuring • Disney strives to foster a culture that values intellectual property protection to promote creativity, storytelling, and innovation, SV-ME-520a.1
PROTECTION & MEDIA PIRACY intellectual property (IP) protection as well as maintain consumer trust. We engage in practices that protect Disney’s intellectual property, including our brands,
characters, and content. We also respect the intellectual property rights of others and do not knowingly use the intellectual
property of third parties without appropriate rights. Disney also requires all contributors to respect third-party intellectual
property rights. We have also implemented internal intellectual property policies and trainings to increase awareness and
respect for intellectual property rights among all Disney employees.
Households reached by broadcast TV • The Walt Disney Company Fiscal Year 2022 10-K, p. 7 SV-ME-000.A
Subscribers to cable networks • The Walt Disney Company Fiscal Year 2022 10-K, pp. 7, 9 SV-ME-000.A
Subscribers to streaming services • The Walt Disney Company Fiscal Year 2022 10-K, p. 40 TC-IM-000.A
(“Entity-defined measure of user activity”)
Total number of media productions and • The Walt Disney Company Fiscal Year 2022 10-K, pp. 11–12 SV-ME-000.B
publications produced • Our film library includes content from approximately 100 years of production history, as well as acquired film libraries, and
totals approximately 5,100 live-action titles and 400 animation titles. The library includes approximately 50 movies and
approximately 30 series that the Studios group produced for initial distribution on our DTC platforms. Our television
programming library includes content from approximately 70 years of production history. Series with four or more seasons
include approximately 75 one-hour dramas, 55 half-hour comedies, 5 half‑hour non-scripted series, 30 one-hour non-scripted
series, 15 half-hour animated series, and 10 half-hour live-action series. The library includes approximately 130 series produced
for initial distribution on our DTC platforms.
Number of manufacturing facilities, • Number of manufacturing facilities provided in Fiscal 2022 Data Table & Data Table Footnotes, pp. 86, 88 CG-TS-000.B
percentage outsourced
Number of available room-nights • The Walt Disney Company Fiscal Year 2022 10-K, p. 44 SV-HL-000.A
Average occupancy rate • The Walt Disney Company Fiscal Year 2022 10-K, p. 44 SV-HL-000.B
Number of lodging facilities and the • (1, 2) The Walt Disney Company Fiscal Year 2022 10-K, pp. 14–17 SV-HL-000.D
percentage that are: • (3) N/A
(1) managed, • Five of the hotels located in Shanghai and Hong Kong are owned via a joint venture where our ownership is less than 50%.
(2) owned and leased, and/or
(3) franchised • Disney Vacation Club offers ownership interest in 15 resort facilities, which are operated as hotel rooms when not occupied by
Vacation Club members.
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SDG INDICATORS
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• 45% of our 2023 Director nominees • In 2022, we continued to implement site- • As of fiscal 2022, we commissioned or • Since 2012, Disney has contributed more
are women. specific water conservation strategies at our announced more than 200 megawatts of than $24 million through our Supply Chain
theme parks and resorts, including using solar capacity. Investment Program (SCIP) to 40 unique
• In fiscal 2022, women represented 51% of our
artificial turf and implementing a sophisticated programs in more than 20 countries,
employees worldwide, based on self-reported • In collaboration with the utility serving Walt
irrigation control system at Disneyland Resort directly benefiting 250,000 workers
information. Disney World Resort, two 75-megawatt solar
as part of drought-fighting efforts. and supporting tools that have reached and
facilities are expected to come online and are
• In fiscal 2022, we worked with CARE India to empower benefited 14 million additional workers.
• Disneyland Paris is in the process of retrofitting the projected to bring the Resort’s renewable energy
1,400 adolescent girls across 10 schools in Mumbai, helping
showerheads in two hotels with new LED-lit technology consumption up to nearly 40% of its annual total power use. • Our International Labor Standards (ILS) program is informed
them realize their potential to lead a better life. The program
heads that allow guests to adjust their use to help conserve by Disney’s Standards of Business Conduct, Human Rights
has established 18 vibrant community learning centers that • Disneyland Paris is continuing the construction of
water. The turbine-powered LED lights change color based Policy (which was updated in 2022), and Supply Chain
give girls a space outside of school to learn and hone their approximately 50 acres of solar canopies, which will provide
on the amount of water used, moving from blue to green, Code of Conduct, along with a range of other responsible
vocational skills. We also worked with the Parivaar Education shade and shelter to more than 11,000 parking spaces and are
yellow, and eventually red when water use exceeds a certain business expectations.
Society in India to support 400 girls with education, boarding, estimated to generate approximately 36 gigawatt hours of
volume. In a pilot, the new showerheads reduced water use
food, medical assistance, sports and recreation, clothing, electricity once fully operational. • Disney Aspire pays 100% of tuition up front at network
by an average of 22% per room.
and more. schools and is available to ~85,000 eligible hourly full-time
• Hong Kong Disneyland has embarked on the next phase of
• We are identifying critical regional water issues and are and part-time employees and cast members in the United
• In fiscal 2022, we launched two new cohorts of the one of the largest solar panel sites in Hong Kong, installed
continuing to collaborate with local stakeholders, such as States. As of the end of fiscal 2022, ~13,000 employees were
Women’s Talent Network to enhance careers for Asian at 21 different attractions and buildings.
industry and nonprofit organizations, to safeguard the overall enrolled in Disney Aspire.
American & Pacific Islander and Latina employees. One
health of watersheds as a multiuse sustainable resource. • Select operations subscribe to high-credibility green power
hundred participants joined the pilot across both programs. • In fiscal 2022, approximately 2.2 million employee learning
For example, we support WWF-Hong Kong’s project to foster programs that advance the decarbonization of Disney and our
sessions were taken online or in person through D Learn,
innovative approaches, such as the use of water buffalo, to local communities. For example, Pixar is subscribed to 100%
Harvard Spark, Harvard ManageMentor, and Harvard Leading
conserve wetlands in the Shui Hau watershed and increase renewable electricity through East Bay Community Energy.
Edge—our top learning platforms.
water security for local people and wildlife. We also support
The Nature Conservancy’s work in central Florida, including • We increased our mentoring programs from 13 to 35 across
efforts to address growing freshwater demands, enhance water Disney in fiscal 2022. Enrollment in these programs
quality, improve water supply, and reduce flood risks through increased by 44% and mentoring hours increased by 25%
green stormwater infrastructure. from fiscal 2021.
• Our approach to sustainable design helps contribute to • In fiscal 2022, to reward the important contributions of
cleaner air, more efficient use of water, and less waste for the certain job levels below the executive level, Disney expanded
communities in which we operate. eligibility for participation in our Annual Bonus Plan.
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• In fiscal 2022, ~60% of our charitable • In fiscal 2022, we gave a total of ~$233 million • In fiscal 2022, we diverted 58% of total Company • We are committed to achieving net zero
giving was directed to programs supporting in cash and in-kind charitable contributions. operational waste from landfills and incineration. GHG emissions for direct operations by 2030,
underrepresented communities.69 including reducing our absolute Scope 1 and
• Through our Disney VoluntEARS program, our • Disney Cruise Line intends to be free of
• Disney pledged $5 million to organizations Scope 2 GHG emissions by 46.2% by 2030,
employees and cast members worldwide have single-use plastics by 2025. Examples include
serving the LGBTQIA+ community through against a 2019 baseline.70
collectively contributed nearly 13 million hours introducing alternatives to plastic merchandise
support for inclusive and respectful workplaces and authentic of service to their communities since the bags and guest laundry bags, disposable cutlery, • We are committed to reducing Scope 3 emissions in line
representation of LGBTQIA+ in media and entertainment. program was started nearly 40 years ago. cold beverage lids, and even plastic drink garnish sticks. In with a “well below 2°C” scenario by 2030.
• Now in its second year, Disney on the Yard continues to build addition, to encourage the use of reusable water bottles, refill
• In fiscal 2022, our disaster relief support included Hurricane • The Disney Wish set sail in fiscal 2022 and was designed
a community for alumni from Historically Black Colleges and stations have been installed on all ships and Castaway Cay.
Ian recovery efforts, addressing the impacts of wildfires in to be among the most energy-efficient cruise ships on the
Universities (HBCUs) and provides meaningful opportunities
Argentina, supporting children and families in Ukraine, and • In 2022, we introduced a new requirement prohibiting the use water. The Disney Wish was primarily powered by liquefied
for HBCU students who dream of one day working in the
providing short-term monetary assistance to employees of per- and polyfluoroalkyl substances—known as PFAS—in natural gas in fiscal 2022, which, when compared
entertainment field. We also joined the Propel Center (an
education hub for HBCUs) as a lead sponsor, and created the experiencing hardships—including those impacted by consumer products developed, sourced, and distributed by a to traditional diesel or marine fuel, significantly reduces
Disney Storytellers Fund at Howard University and Florida Hurricane Ian—through the Employee Relief Fund. Disney entity. several emissions and pollutants.
A&M University. Additionally, we continued our long- • Our approach to sustainable design helps contribute to • Disneyland Paris offered guests limited-edition tote bags, • In fiscal 2022, ABC News’ dedicated climate unit
standing work with United Negro College Fund (UNCF) cleaner air, more efficient use of water, and less waste for duffel bags, briefcases, and pouches for purchase, which were highlighted people and organizations making an impact
and announced the 2022 Disney UNCF Corporate Scholars. the communities in which we operate. made from a recycled tarp that previously covered Sleeping in Hidden Climate Heroes and took an in-depth look at the
• Our Heroes Work Here initiative celebrated its Beauty Castle during renovation work. causes and risks of climate change in a monthlong series,
10th anniversary in 2022 and has resulted in more Climate Crisis: Saving Tomorrow. The unit also teamed up
• Our Product Integrity function oversees Disney’s safety policies,
than 12,500 veterans being hired across the Company with Teen Vogue to explore teenagers’ growing concerns
procedures, and operating requirements for physical products
through the end of 2022. about climate change and the effects on their mental health.
containing Disney intellectual property across the enterprise.
• In fiscal 2022, we worked with KultureCity, a leading Disney requires that licensees and vendors contractually commit • Through National Geographic, Disneynature, and our other
nonprofit focused on sensory accessibility and acceptance, to follow sensible, reasonable, and proper procedures for verifying content platforms, Disney enjoys a rich and growing library
to launch sensory-inclusive screenings that cater to that Disney-branded products comply with applicable safety of programming that connects audiences with the wonders
audiences with sensory needs, such as autism. regulatory requirements and any additional requirements that of our natural world and inspires action to create a cleaner,
• ESPN continued to support the Special Olympics USA Games. may be specified by Disney. We also have policies to manage the safer, and healthier planet. In 2022, our broad portfolio of
In fiscal 2022, more than 5,500 athletes and coaches from all use of chemicals in products, and in fiscal 2022 we updated our nature-focused stories included Disneynature’s Polar Bear
50 states and the Caribbean united for a week of competition, Supply Chain Code of Conduct to include “Quality and Safety.” and National Geographic’s Explorer: The Last Tepui, Secrets
sportsmanship, and fun at the at ESPN Wide World of Sports of the Whales, and The Biggest Little Farm: The Return.
Complex at Walt Disney World.
• Our 2022 Workforce Diversity Dashboard, 2022 Content
Representation Dashboard, 2021 EEO-1 report, and our Pay
Ratio Disclosure are available online.
• In fiscal 2022, we spent more than $800 million with
diverse suppliers, an increase of almost 80% compared to
fiscal 2021. Disney has also increased Company-wide
spending with U.S. veteran– and veteran spouse–owned
businesses to approximately $6.4 million in 2022.
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• Responsible selection and sourcing of • Disney Conservation Fund has invested more • We strive to conduct our business in accordance • We maintain relationships with the
seafood is important to our business, to than $120 million—along with the expertise with high standards of business ethics and comply stakeholders and communities we serve
the livelihoods of the fishing industry of dedicated teams—in community-led with applicable laws, rules, and regulations through ongoing dialogue. We work with a
worldwide, and to the health of the planet biodiversity conservation efforts since 1995 to wherever we operate. variety of stakeholders representing diverse
for future generations. In fiscal 2022, our help protect more than 1,000 species of wildlife perspectives—including consumers,
• Our Standards of Business Conduct apply to
U.S. parks, resorts, and cruise line sourced and safeguard more than 315 million acres of habitat—an employees, industry and business
all employees and provide resources and tools
nearly 100% sustainable seafood.71 amount equal to more than 10,000 Walt Disney World Resorts. collaborators, nonprofit and social impact organizations, and
to promote ethical conduct and compliance with the law.
shareholders—as we believe this can enhance our ability to
• Disney Conservation Team Wildlife has provided leadership • To help increase the Western monarch butterfly population, Our Board of Directors is also held accountable to these
identify opportunities and, in some cases, solutions to some
and expertise to support the Orlando-based Florida Coral more than 400 Disney VoluntEARS across the United States principles, as well as our Code of Business Conduct and
of our most pressing challenges. We also engage on policy
Rescue Center. This state-of-the-art facility was established planted butterfly-friendly backyard environments in 2022. Ethics for Directors.
issues both directly and through industry associations on
for gene banking and care of Florida corals rescued from
• Our Disney team based in India began supporting Wildlife issues relevant to our businesses. Ongoing and responsive
reefs not yet affected by Stony Coral Tissue Loss Disease,
SOS’s efforts in 2021 and continued support throughout 2022 engagement with key stakeholders continues to inform our
which has put 22 coral species at risk of extinction. In April
to rescue and rehabilitate elephants illegally taken from the CSR strategy, goals, and initiatives.
2022, the first reported spawning of rough cactus coral in
wild. To date, more than 40 elephants have been given care
human care took place at the Center. • We collaborate with several initiatives and organizations
and medical treatment at Wildlife SOS’s Elephant Hospital and
to address environmental and social priorities. See p. 30
• As part of the $5 million we have invested since 1995 Elephant Conservation and Care Centre, established in 2010
and p. 71 for examples.
to help sea turtle conservation efforts globally, in and the first center of its kind in northern India.
2022, the Disney Conservation Fund supported a new
• At Disney’s Animal Kingdom Theme Park, we celebrated the
mentorship and career training program hosted by the
birth of the 13th white rhino born at Walt Disney World Resort—
Sea Turtle Conservancy to spark passion for sea turtle
an important milestone made possible by the dedication and
conservation among central Florida youth from diverse
care of Disney scientists, veterinarians, and keepers.
and underserved communities.
• In December 2021, Disney’s Animal Kingdom celebrated the
• In fiscal 2022, our sea turtle efforts reached an important
41st birthday of Gino, the oldest western-lowland gorilla at
milestone. Disney Conservation Team Wildlife celebrated
Walt Disney World Resort. He is one of the first gorillas in the
1.5 million sea turtles hatched from nests monitored by
world to allow his caretakers to perform cardiac ultrasounds
our team at Disney’s Vero Beach Resort since 2003.
without anesthesia, an important step in the advancement of
• Several of our businesses supported beach cleanup events care for his species, and more broadly for animal care and
in fiscal 2022. In honor of World Ocean Day on June 8th, gorilla conservation globally.
30 Disney VoluntEARS and family members took part in
• National Geographic has been actively caring about our
a beach cleanup in Guangzhou, China. For International
planet for well over a century. Today, National Geographic
Volunteer Day, VoluntEARS from Shanghai Disney Resort
Partners—a joint venture between The Walt Disney Company
supported beach cleanup in Chongming Island, Shanghai.
and nonprofit National Geographic Society—continues this
legacy. We return 27% of the net proceeds from our National
Geographic lines of business to fund conservation, education,
and sustainability projects.
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FORWARD-LOOKING STATEMENTS
Certain statements in this communication may be deemed • international, regulatory, political, legal,
to be “forward-looking statements” within the meaning of or military developments;
the Federal Private Securities Litigation Reform Act of • technological developments;
1995, including statements regarding our plans; beliefs; • labor markets and activities;
expectations; continuation or future execution of initiatives, • adverse weather conditions or natural
programs, activities, policies, or disclosures; strategies; disasters and environmental developments; and
goals; objectives; intentions; commitments; pledges; • availability of content.
priorities; targets; and other statements that are not
historical in nature. These statements are made on the Each such risk includes the current and future
basis of management’s views and assumptions regarding impacts of, and is amplified by, COVID-19 and related
future events and business performance as of the time the mitigation efforts. Such developments may further
statements are made. Management does not undertake affect entertainment, travel, and leisure businesses
any obligation to update these statements. Actual results generally and may, among other things, affect
may differ materially from those expressed or implied. Such (or further affect, as applicable):
differences may result from actions taken by the Company,
including restructuring or strategic initiatives (including • our operations, business plans, or profitability;
capital investments, asset acquisitions or dispositions, • demand for our products and services;
integration initiatives, new or expanded business lines, or • the performance of the Company’s content;
cessation of certain operations), our execution of our • our ability to create or obtain desirable content
business plans (including the content we create and IP we at or under the value we assign the content;
invest in, our pricing decisions, our cost structure and our • the advertising market for programming;
management and other personnel decisions), or other • construction;
business decisions, as well as from developments beyond • income tax expense;
the Company’s control, including: • expenses of providing medical and pension
benefits; and
• further deterioration in domestic and global • performance of some or all Company
economic conditions; businesses, either directly or through their
• deterioration in or pressures from competitive impact on those who distribute our products.
conditions, including competition to create or
acquire content and competition for talent; Additional factors are set forth in the Company’s
• consumer behavior and consumer preferences and Annual Report on Form 10-K for the year ended
acceptance of our content, offerings, pricing model October 1, 2022, including under the captions “Risk
and price increases, and the market for advertising Factors,” “Management’s Discussion and Analysis,” and
sales on our DTC services and linear networks; “Business”; quarterly reports on Form 10-Q, including
• health concerns and their impact on our under the captions “Risk Factors” and “Management’s
businesses and productions; Discussion and Analysis of Financial Condition and
• global economy-wide transitions and availability Results of Operations”; and subsequent filings with
of economically feasible solutions; the Securities and Exchange Commission.
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