Kuaishou Technology

Country
China (Mainland)
Sector
Communication Services
Industry
Internet Content & Information
Employees
24,718
Ticker
1024
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Kuaishou Technology is a prominent internet technology company based in China, known for its social media and video-sharing platform. The company's primary function is to connect users through short v...

Kuaishou Technology's GHG Emissions Data Preview

In 2024, Kuaishou Technology completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Kuaishou Technology has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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c
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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b
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c
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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c
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Verified Sources Behind Kuaishou Technology’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Kuaishou Technology’s data sources below and access millions more through our Disclosure Search.

a. Kuaishou Technology's Annual Report 2024
a. Kuaishou Technology's Annual Report 2024
b. Kuaishou Technology's ESG Report 2023
b. Kuaishou Technology's ESG Report 2023
c. Kuaishou Technology's ESG Report 2022
c. Kuaishou Technology's ESG Report 2022

Insights into Kuaishou Technology's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Kuaishou Technology amounted to 276,100 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Kuaishou Technology decreased by 73.84%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Kuaishou Technology's Scope 1 Emissions Over Time

20222023202403 k6 k9 k12 ktCO2e-18%-75%
  • Total Scope 1
  • Year-over-Year Change

What are Kuaishou Technology's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Kuaishou Technology were 2,100 metric tons of CO₂ equivalent (tCO₂e). a

Has Kuaishou Technology reduced its Scope 1 emissions over time?

Since 2022, Kuaishou Technology's Scope 1 emissions have decreased by 79.41%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Kuaishou Technology's Scope 1 emissions decreased by 75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Kuaishou Technology's Scope 2 emissions?

In 2024, Kuaishou Technology reported Scope 2 greenhouse gas (GHG) emissions of 57,800 tCO₂e using the market-based method and 274,000 tCO₂e using the location-based method. a

What methodology does Kuaishou Technology use for Scope 2 reporting?

In 2024, Kuaishou Technology reported its Scope 2 emissions using the market-based method and using the location-based method. a

Kuaishou Technology's Scope 2 Emissions Over Time

2022202320240300 k600 k900 k1.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Kuaishou Technology's Value Chain Emissions

In 2024, Kuaishou Technology reported 1,259,100 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Kuaishou Technology includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Kuaishou Technology's Scope 3 Emissions Over Time

20240350 k700 k1.05 M1.4 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Kuaishou Technology's Scope 3 emissions?

In 2024, Kuaishou Technology reported total Scope 3 emissions of 1,259,100 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does Kuaishou Technology disclose?

In 2024, Kuaishou Technology reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Kuaishou Technology's Scope 3 emissions?

In 2024, the largest contributors to Kuaishou Technology's Scope 3 emissions were: a

  • Upstream Leased Assets (Cat. 8): 862,800 tCO₂e (68.53%)
  • Capital Goods (Cat. 2): 290,300 tCO₂e (23.06%)
  • Fuel- and Energy-Related Services (Cat. 3): 47,900 tCO₂e (3.8%)

Kuaishou Technology's Scope 3 Emissions by Categories

Upstream LeasedAssets (Cat. 8)(68.5%)Capital Goods(Cat. 2)(23.1%)Fuel- andEnergy-RelatedServices (Cat. 3)(3.8%)

Insights into Kuaishou Technology’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Kuaishou Technology reported Scope 1 greenhouse gas (GHG) emissions of 2,100 tCO₂e and total revenues of USD 18,885 millions. This translates into an emissions intensity of 0.11 tCO₂e per millions USD. a

Kuaishou Technology's Scope 1 Emissions Intensity Compared to Peers

51002,00050,0001,000,000Scope 1 Emissions (tCO2e)1005005,00050,000200,000Revenues (Millions of USD)DCA37 Interactive EntertainmentYear: 2023Scope 1: 163 tCO2eRevenue: $M 2,329Scope 1 Intensity: 0.07 tCO2e/$MChina TowerYear: 2024Scope 1: 50,748 tCO2eRevenue: $M 14,584Scope 1 Intensity: 3.48 tCO2e/$MBaiduYear: 2024Scope 1: 20,570 tCO2eRevenue: $M 2,540Scope 1 Intensity: 8.10 tCO2e/$MInkeverse GroupYear: 2023Scope 1: 6 tCO2eRevenue: $M 1,045Scope 1 Intensity: 0.01 tCO2e/$MNetease Cloud MusicYear: 2023Scope 1: 598 tCO2eRevenue: $M 1,208Scope 1 Intensity: 0.49 tCO2e/$MChina UnicomYear: 2023Scope 1: 100,000 tCO2eRevenue: $M 52,427Scope 1 Intensity: 1.91 tCO2e/$MDDDamai Entertainment HoldingsYear: 2024Scope 1: 464 tCO2eRevenue: $M 762Scope 1 Intensity: 0.61 tCO2e/$MNetDragon Websoft HoldingsYear: 2023Scope 1: 58 tCO2eRevenue: $M 1,091Scope 1 Intensity: 0.05 tCO2e/$MiDreamSky Technology HoldingsYear: 2023Scope 1: 15 tCO2eRevenue: $M 295Scope 1 Intensity: 0.05 tCO2e/$MCCChina Communications ServicesYear: 2024Scope 1: 263,200 tCO2eRevenue: $M 22,374Scope 1 Intensity: 11.76 tCO2e/$MXDYear: 2023Scope 1: 716 tCO2eRevenue: $M 522Scope 1 Intensity: 1.37 tCO2e/$MChina LiteratureYear: 2024Scope 1: 45 tCO2eRevenue: $M 1,209Scope 1 Intensity: 0.04 tCO2e/$MWinshareYear: 2023Scope 1: 3,117 tCO2eRevenue: $M 1,645Scope 1 Intensity: 1.89 tCO2e/$MTencent HoldingsYear: 2024Scope 1: 121,466 tCO2eRevenue: $M 98,489Scope 1 Intensity: 1.23 tCO2e/$MNetEaseYear: 2024Scope 1: 9,430 tCO2eRevenue: $M 2,010Scope 1 Intensity: 4.69 tCO2e/$MWeiboYear: 2023Scope 1: 126 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.07 tCO2e/$MTencent MusicYear: 2024Scope 1: 112 tCO2eRevenue: $M 4,240Scope 1 Intensity: 0.03 tCO2e/$MAAAutohomeYear: 2023Scope 1: 362 tCO2eRevenue: $M 1,011Scope 1 Intensity: 0.36 tCO2e/$MMeituYear: 2024Scope 1: 68 tCO2eRevenue: $M 501Scope 1 Intensity: 0.14 tCO2e/$MCMGE Technology GroupYear: 2023Scope 1: 20 tCO2eRevenue: $M 401Scope 1 Intensity: 0.05 tCO2e/$MKuaishou TechnologyYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 18,885Scope 1 Intensity: 0.11 tCO2e/$M

How does Kuaishou Technology's GHG emissions intensity compare to its peers?

In 2024, Kuaishou Technology reported a Scope 1 emissions intensity of 0.11 tCO₂e per millions USD. Compared to the peer group median of 0.43 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Kuaishou Technology rank on GHG emissions intensity within its industry?

In 2024, Kuaishou Technology ranked 9 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Kuaishou Technology is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Kuaishou Technology's Total Carbon Footprint

In 2024, Kuaishou Technology reported a total carbon footprint of 1,535,200 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 45.48% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Kuaishou Technology's total carbon footprint was Scope 3 emissions, accounting for 82.02% of the company's total carbon footprint, followed by Scope 2 emissions at 17.85%. a

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