Netease Cloud Music Inc

Common Name
Netease Cloud Music
Country
China (Mainland)
Sector
Communication Services
Industry
Internet Content & Information
Employees
1,265
Ticker
9899
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Netease Cloud Music Inc. is a leading Chinese streaming service, primarily focusing on music and audio content distribution. The platform serves as a pivotal hub for music lovers in China, offering an...

Netease Cloud Music's GHG Emissions Data Preview

In 2023, 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Netease Cloud Music’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 Netease Cloud Music’s data sources below and access millions more through our Disclosure Search.

a. Netease Cloud Music's Annual Report 2023
a. Netease Cloud Music's Annual Report 2023

Insights into Netease Cloud Music's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Netease Cloud Music amounted to 2,085.89 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

Netease Cloud Music's Scope 1 Emissions Over Time

20230150300450600tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Netease Cloud Music's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Netease Cloud Music were 597.82 metric tons of CO₂ equivalent (tCO₂e). a

What are Netease Cloud Music's Scope 2 emissions?

In 2023, Netease Cloud Music reported Scope 2 greenhouse gas (GHG) emissions of 1,488.07 tCO₂e without specifying the calculation method. a

What methodology does Netease Cloud Music use for Scope 2 reporting?

In 2023, Netease Cloud Music reported its Scope 2 emissions using an unspecified methodology. a

Netease Cloud Music's Scope 2 Emissions Over Time

202304008001.2 k1.6 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Netease Cloud Music's Value Chain Emissions

In 2023, Netease Cloud Music reported 6,982.49 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 2023 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 , demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Netease Cloud Music's Scope 3 Emissions Over Time

202302 k4 k6 k8 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Netease Cloud Music's Scope 3 emissions?

In 2023, Netease Cloud Music reported total Scope 3 emissions of 6,982.49 metric tons of CO₂ equivalent (tCO₂e). a

Insights into Netease Cloud Music’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Netease Cloud Music reported Scope 1 greenhouse gas (GHG) emissions of 597.82 tCO₂e and total revenues of USD 1,208 millions. This translates into an emissions intensity of 0.49 tCO₂e per millions USD. a

Netease Cloud Music'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: $M 1,045Scope 1 Intensity: 0.01 tCO2e/$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: $M 18,885Scope 1 Intensity: 0.11 tCO2e/$MNetease Cloud MusicYear: 2023Scope 1: 598 tCO2eRevenue: $M 1,208Scope 1 Intensity: 0.49 tCO2e/$M

How does Netease Cloud Music's GHG emissions intensity compare to its peers?

In 2023, Netease Cloud Music reported a Scope 1 emissions intensity of 0.49 tCO₂e per millions USD. Compared to the peer group median of 0.25 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Netease Cloud Music rank on GHG emissions intensity within its industry?

In 2023, Netease Cloud Music ranked 12 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Netease Cloud Music's Total Carbon Footprint

In 2023, Netease Cloud Music reported a total carbon footprint of 9,068.38 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. a

The largest contributor to Netease Cloud Music's total carbon footprint was Scope 3 emissions, accounting for 77% of the company's total carbon footprint, followed by Scope 2 emissions at 16.41%. a

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