ENVIRONMENT REPORT

[Pages:17]ENVIRONMENT REPORT

Fiscal Year 2018

2 Environmental Policy 3 Environmental Goals 4 Environmental Management System 5 Global Environmental Initiative 6 Greenhouse Gas Reduction 7 Science-Based Targets 8 Energy Efficiency Projects 10 Solar Power 11 Zero Waste 12 Our Sustainable Products & Practices 13 Engagement

At Dow Jones, we believe sustainability begins as a business proposition, but doesn't end there. Our mission is to inform discussions and decisions ? our core business provides a platform for informing people for the good of society.

Our authoritative and trusted news and information content sets agendas, starts conversations and influences outcomes. We expose fraud, malfeasance and negligence, and we engage our readers about critical issues such as climate change with highly balanced, journalistic integrity.

Our products are directed at a broad, influential audience and provide accurate, fair and trustworthy information that helps business become more sustainable.

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Dow Jones Environmental Policy

Integrity defines the culture at Dow Jones just as it does its journalism and business. Dow Jones strives to be a responsible consumer of energy and resources, and as a positive influence in the communities where we work and live.

We affirm to all our employees, customers and the public that we will conduct our activities in an environmentally-sustainable manner while providing a safe and healthy workplace for our employees, in compliance with all governmental regulations and company policies.

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Dow Jones Environmental Goals

? Having reduced absolute carbon emissions 53% (2006 base year), Dow Jones will reduce its carbon emissions by a further 25% by 2025 (2014 base year), in line with the Science Based Target initiative (SBTi).

? Secure new office leases at facilities which use renewable energy and/or are LEED, BREEAM or similar energy efficiency certified.

? Maintain zero waste to landfill at our owned print centers. ? By 2025, 100% of all globally purchased publication paper will be

sourced from material certified by independent, internationally recognized sustainable forestry certification bodies such as Forest Stewardship Council (FSC), Programme for the Endorsement of Forest Certification (PEFC), Sustainable Forest Initiative (SFI), Canadian Standards Association (CSA), or equivalent.

? The company also has a long-term vision of reducing its carbon footprint

to zero by 2050.

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Environmental Management System

Our environmental management system uses the framework from ISO 14,001, the internationally recognized standard for successful environmental management, to reduce our impact on the environment. We take a systematic approach using processes and procedures to review and improve our EMS to ensure on-going best practices and a commitment to continuous improvement.

Our print centers are regularly audited by third parties to the latest local, state and federal environmental and occupational safety regulations to ensure compliance. A compliance calendar cloud-based software system is in place for our plants and major offices that tracks all federal, state, and local requirements. Tasks are assigned to responsible managers and coordinators at

each site and documents are submitted to corporate EHS to verify compliance.

Over the last decade, there have been no material environmental incidents or compliance issues.

Our global paper sourcing policy requires us to use suppliers who have certified sustainable forest management practices.

Our global waste management policy requires our owned print centers to be zero waste to landfill facilities.

Continuous training of our managers and employees in sustainable practices is a key element of our environmental management system.

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Global Environmental Initiative

Dow Jones' environmental programs, as part of New Corp's Global Environmental Initiative, has developed specific targets and strategies implemented by green teams across the globe. These teams have developed best practices to reduce energy usage and engaged employees, readers, advertisers and suppliers in the quest to reduce waste and minimize our impact on the environment. The GEI strategy ? rooted in carbon measurement and mitigation of its operational impact ? allows the company to take advantage of opportunities to lower costs of inputs, work with partners to reduce costs and generate new streams of revenue, attract and retain top talent, and build a reputation as a sustainability leader to support business objectives and make an impact on pressing environmental issues. Increasing regulatory and market pressures are also drivers of the company's environmental strategy. The decentralized management structure and crossdivisional communication allows Dow Jones to leverage local expertise and experience and react quickly to changing dynamics.

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Greenhouse Gas Reduction & Science-Based Targets

Dow Jones shares the details of its carbon footprint in a transparent manner, publicly reporting greenhouse gas (GHG) emissions through the CDP (formerly the Carbon Disclosure Project) via News Corp. The GHG emissions covers Scope 1 (direct emissions from gasoline, natural gas and diesel fuel usage), Scope 2 (indirect emissions from purchased electricity usage), as well as business air travel (Scope 3), in accordance with the WRI/WBCSD Greenhouse Gas Protocol. Dow Jones has a robust program in place for collecting, measuring and analyzing its emissions data, and has developed a comprehensive repository of data with an enterprise data management software tool. The company has been voluntarily and publicly reporting emissions and energy data since 2007. The results of our carbon reduction projects are shown below:

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In FY2017, Dow Jones' footprint was 30,229 metric tons CO2e, a 53% reduction from its baseline FY06 year, and an 8% reduction from the previous year. The majority of our footprint is from electricity used in our print centers and offices. Our carbon footprint via News Corp is third party certified.

We have reached and exceeded our past target goal of 40% carbon reduction by 2020. Also, our owned print centers have been zero waste facilities since 2013, and 100% of the mills used have sustainable certifications, including our international contract print sites.

In light of this achievement, the company has committed to develop science-based targets in partnership with the Science

Based Targets initiative (SBTi). SBTi is a collaboration among CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), the United Nations Global Compact (UNGC) and is one of the We Mean Business Coalition commitments.

The Science Based Targets initiative champions science-based target setting as a powerful way of boosting companies' competitive advantage in the transition to the low-carbon economy. For more info on SBTi, see: .

News Corp is the first North America based media company to commit to science-based targets.

Our new science based targets, which have recently been approved by the SBTi, are:

Reduce absolute Scope 1 and 2 (fuel and electricity usage) GHG emissions 25% by FY2025, from a FY2014 base-year.

Reduce absolute Scope 3 (supply chain) GHG emissions 20% by FY2030, from FY2016 base-year.

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