Netease Cloud Music Inc

Netease Cloud Music's GHG Emissions Data Preview

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	2022	2021 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Copy restricted. Please purchase to unlock this data. a	Copy restricted. Please purchase to unlock this data. b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Unspecified Calculation Method Indirect emissions from purchased energy where the company did not specify a location-based or market-based accounting method.	Copy restricted. Please purchase to unlock this data. a	Copy restricted. Please purchase to unlock this data. b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Copy restricted. Please purchase to unlock this data. a	Copy restricted. Please purchase to unlock this data. b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 1 Revenue Intensity (tCO2e/$M) Total direct GHG emissions from categories that are owned or directly controlled by the company relative to the company's total revenues in USD for the corresponding fiscal year.	Copy restricted. Please purchase to unlock this data. a	Copy restricted. Please purchase to unlock this data. b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

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Insights into Netease Cloud Music's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofNetease Cloud Music amounted to4,571.72metric 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 Musicincreased by 119.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.^{a, b}

Insights into Netease Cloud Music's Value Chain Emissions

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 0of 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

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

In 2024, Netease Cloud Music reported Scope 1 greenhouse gas (GHG) emissions of 696.58 tCO₂e and total revenues of USD 1,189 millions. This translates into an emissions intensity of 0.59 tCO₂e per millions USD.^a

Insights into Netease Cloud Music's Total Carbon Footprint

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.^{a, b}

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