In 2024, Netease Cloud Music 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).
However, Netease Cloud Music has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 696.58a | 597.82b |
Total Scope 2 | ||
Unspecified Calculation Method | 3,875.14a | 1,488.07b |
Total Scope 3 | 4,715.23a | 6,982.49b |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6394a | 0.5401b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Netease Cloud Music amounted to 4,571.72 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 Netease Cloud Music increased by 119.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Netease Cloud Music were 696.58 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Netease Cloud Music's Scope 1 emissions increased by 16.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Netease Cloud Music reported Scope 2 greenhouse gas (GHG) emissions of 3,875.14 tCO₂e without specifying the calculation method.a
Compared to the previous year (2023), Netease Cloud Music's Scope 2 emissions (Unspecified Calculation Method) rose by 160.41% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Netease Cloud Music reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Netease Cloud Music reported 4,715.23 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 Netease Cloud Music includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Netease Cloud Music reported total Scope 3 emissions of 4,715.23 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Netease Cloud Music's Scope 3 emissions decreased by 32.47%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Netease Cloud Music reported Scope 1 greenhouse gas (GHG) emissions of 696.58 tCO₂e and total revenues of USD 1,089 millions. This translates into an emissions intensity of 0.64 tCO₂e per millions USD.a
In 2024, Netease Cloud Music reported a Scope 1 emissions intensity of 0.64 tCO₂e per millions USD. Compared to the peer group median of 0.12, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Netease Cloud Music ranked 18 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Netease Cloud Music among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Netease Cloud Music reported a total carbon footprint of 9,286.95 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.41% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Netease Cloud Music's total carbon footprint was Scope 3 emissions, accounting for 50.77% of the company's total carbon footprint, followed by Scope 2 emissions at 41.73%.a