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Netflix, Inc.
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=== '''<big>ESG Factors:</big>''' === '''Environmental Factors:''' * Has no products and is predominantly online operated hence has a comparatively minimal carbon footprint. * In order to lessen its carbon footprint, Netflix invested in wind energy to balance off the energy used for cloud storage. This is due to the fact that every streaming company, according to a study, increases global emissions by 1%. The company makes every effort to be sustainable. * They also work to reduce the amount of paper used in the workplace as another environmental protection measure. * The only significant aspect that Netflix must ensure is the utilisation of heavy electrical consumption. * Netflix’s last report on environmental impact was in 2017. They released their goals around sustainability and clean energy were as follows: “use as little electricity as possible, use renewables for the electricity we directly consumer in our owned facilities, and encourage renewables or offset non-renewable energy in facilities we do not control” (“Renewable Energy at Netflix: An Update”) '''Social Factors:''' * Social factors encompass demographic characteristics that affect social factors are age, gender, socioeconomic status, etc. Values can be represented by culture and/or religion. * They play a huge role for Netflix and its global presence in over 190 countries, especially culture, language and religion * The genres and preferences for films and television shows vary by audience and geographical location. Even though every customer is different, society and culture frequently have a big impact on what most customers desire to see. To preserve their popularity and social platform, Netflix must be mindful of cultural and religious factors. * For example, within language, Netflix provides content in 62 different languages to best suit the majority of their customers (Moore). * Demographic factors such as age and gender are equally important to represent and diversify their listings to appeal to a much wider subsection of society. '''Political/Government:''' * Two of the most important political issues for a corporation are taxes and laws. For Netflix, political issues have changed during the previous ten years. There are several nations that Netflix services, and each one has its own political viewpoint. Every nation has its own rules and regulations, which Netflix must abide with. Additionally, laws and regulations are always evolving. * For example, in the European Union the government is considering new tax laws for international tech companies, which could heavily increase Netflix’s tax liability in Europe (Amaro). * Due to varied laws and stricter government regulations in some countries, it could be preferable for Netflix to stop providing its services there. The fact that some content cannot be viewed in other nations is another political consideration. As a result, Netflix must be aware of the content that is prohibited in particular nations and take steps to ensure that it is not accessible to users in that location. For example, China the biggest economy we know doesn’t allow Netflix to operate because of US policies. So, because of these restrictions in various countries by USA Netflix has many untapped market. * Copyright regulations are one of Netflix's main legal challenges (Mora). In the past, Netflix has experienced issues with foreign users hacking streaming content that is made available in other nations. Hackers are a problem for Netflix because they violate copyright agreements, which may result in legal action being taken by the content owners. In order to assure that copyright laws are not broken, Netflix had to develop new technology.__INDEX__
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