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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,100a | 8,400b | 10,200c | |
Total Scope 2 | ||||
Market-Based | 57,800a | N/A | N/A | |
Location-Based | 274,000a | N/A | N/A | |
Unspecified Calculation Method | N/A | 1,046,900b | 878,200c | |
Total Scope 3 | 1,259,100a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1208a | 0.5261b | 0.7541c |
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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.ab
In 2024, the total Scope 1 emissions of Kuaishou Technology were 2,100 metric tons of CO₂ equivalent (tCO₂e).a
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.ac
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.ab
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
In 2024, Kuaishou Technology reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 chaina
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
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.
In 2024, the largest contributors to Kuaishou Technology's Scope 3 emissions were:a
In 2024, Kuaishou Technology reported Scope 1 greenhouse gas (GHG) emissions of 2,100 tCO₂e and total revenues of USD 17,384 millions. This translates into an emissions intensity of 0.12 tCO₂e per millions USD.a
In 2024, Kuaishou Technology reported a Scope 1 emissions intensity of 0.12 tCO₂e per millions USD. Compared to the peer group median of 0.16, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Kuaishou Technology ranked 10 out of 22 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
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.ab
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