Fox Corporation (Class B) (FOX) — ESG & Values Scores

Environment story

Fox Corporation discloses minimal environmental commitments and lacks transparency on Scope 1, 2, and 3 emissions. No net-zero target year is disclosed. The company does not report renewable electricity percentage or decarbonization initiatives. Absent verified climate targets, carbon accounting, or mitigation infrastructure investments, environmental pillar reflects baseline score with significant deductions for non-disclosure and greenwashing risk. Media and entertainment segments have lower direct operational carbon intensity than heavy industry, but supply chain impacts of content production, transmission infrastructure, and data centers are not quantified. No major environmental controversies identified in 10-K or proxy filings.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

No disclosed initiatives on file for this pillar.

Social story

Fox Corporation CEO-to-median-worker pay ratio is 267:1 (disclosed in 2024 proxy, referenced in 2025 shareholder proposal), significantly exceeding the 200:1 threshold for penalty. Stockholder proposal explicitly targets CEO pay ratio as unsustainable. Leadership diversity data not disclosed in filings reviewed; no quantified executive or board diversity percentages provided. Company is bound by AMPTP collective bargaining agreements (entertainment industry standard); no active documented union suppression or major recent strikes disclosed. Supply chain labor practices and human rights audits are not detailed in available filings. Company sponsors employee resource groups and maintains zero-tolerance harassment/discrimination policy, but no third-party civil rights audit or modern slavery statement disclosed. Turnover rate not disclosed.

Criticisms on file

CEO-to-median-worker pay ratio of 267:1 targeted in 2025 shareholder proposal as unsustainable and exceeding global corporate norms
Source: Fox Corporation 2025 Proxy Statement, Proposal No. 5 — Improve Executive Compensation Program; 2024 Proxy Statement (referenced)
Significant litigation costs related to defamation claims; paid ~$800 million to settle Dominion matter and related lawsuit in April 2023; ongoing Smartmatic and other defamation litigation pending
Source: Fox Corporation Form 10-K fiscal 2025, Item 1A Risk Factors and Note 14 Commitments and Contingencies

Disclosed initiatives

Employee Resource Groups

Company supports multiple ERGs based on common identities or interests to enhance career development and promote belonging
Zero-Tolerance Harassment and Discrimination Policy

Standards of Business Conduct and Preventing Harassment, Discrimination and Retaliation Policy with mandatory training for all employees, officers and directors
Workplace Civility and Respect Framework

Policies affirm commitment to safe, productive and welcoming workplace with complaint mechanisms and remedial measures

Governance story

Fox Corporation operates under a dual-class share structure that significantly concentrates voting power in the Murdoch Family Trust and family members, who collectively own ~44% of Class B voting stock (K. Rupert Murdoch may be deemed to beneficially own ~43.90% of Class B stock). This structure triggers a 20-point deduction per the deterministic rubric. Board independence percentage not explicitly stated in filings; governance structure emphasizes family control and limits shareholder influence on takeover proposals and governance matters. No evidence of active lobbying to weaken climate regulation or consumer-protection statutes is documented in the 10-K. The Company paid ~$800 million to settle Dominion defamation litigation (April 2023) and faces ongoing Smartmatic defamation litigation; these are significant reputational and financial liabilities but not active antitrust/consumer-safety regulatory proceedings. Audit Committee oversees risk management, compliance, and cybersecurity. Company maintains comprehensive ethics and compliance programs, insider trading policy, political activities policy, and clawback provisions exceeding SEC/Nasdaq standards. Anti-takeover provisions in Certificate of Incorporation and By-laws (dual-class voting, written consent prohibition, special meeting thresholds, advance notice requirements) limit shareholder rights.

Criticisms on file

Dual-class share structure grants disproportionate voting control to Murdoch family; K. Rupert Murdoch and family trustees collectively control ~44% of voting power despite owning smaller percentage of equity
Source: Fox Corporation Form 10-K fiscal 2025, Item 1A Risk Factors — Ownership Structure; 2025 Proxy Statement
Anti-takeover provisions in Certificate of Incorporation and By-laws limit shareholder rights, including prohibition on written consent, special meeting thresholds, advance notice requirements, and prohibition on Class A Common Stock voting
Source: Fox Corporation Form 10-K fiscal 2025, Item 1A Risk Factors — Ownership Structure; Certificate of Incorporation and By-laws provisions
Material defamation litigation: paid ~$800 million settlement to Dominion in April 2023; ongoing Smartmatic and other defamation lawsuits pending with material litigation costs and uncertain outcomes
Source: Fox Corporation Form 10-K fiscal 2025, Item 1A Risk Factors and Note 14 Commitments and Contingencies
FCC license impairment of $70 million in fiscal 2025 due to lower expected future advertising revenues reflecting market stress in broadcast television
Source: Fox Corporation Form 10-K fiscal 2025, Critical Accounting Policies section on Goodwill and Intangible Assets; Note 4 Restructuring, Impairment and Other Corporate Matters

Disclosed initiatives

Comprehensive Ethics and Compliance Program

Third-party managed Alertline hotline for anonymous reporting; quarterly investigation results reported to senior management and Audit Committee; policies on anti-bribery, insider trading, political activities, sanctions, human rights, fair competition
Enhanced Political Activities Disclosure

Annual Political Activities Report and Political Activities Policy reviewed and updated on annual basis, published on company website in direct response to stockholder feedback
Clawback Policy Exceeding Regulatory Standards

Mandatory recovery of erroneously awarded incentive-based compensation for accounting restatements; discretionary recovery of bonuses for harassment, discrimination, retaliation or failure to respond to allegations
Board Risk Oversight

Board and committees conduct regular risk discussions including operational, strategic, legal, regulatory, financial, reputational, cybersecurity, AI, and sustainability risks; Audit Committee oversees cybersecurity and AI use

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Fox Corporation (Class B). Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Fox Corporation (Class B) in the app for interactive charts and portfolio building.

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