NetEase Inc

Common Name
NetEase
Country
China (Mainland)
Sector
Communication Services
Industry
Electronic Gaming & Multimedia
Employees
26,028
Ticker
NTES
Exchange
NASDAQ/NGS
Description
NetEase, Inc. ADR represents one of China's leading technology companies, focusing on online services centered around content, community, communication, and commerce. With a particular emphasis on onl...

NetEase's GHG Emissions Data Preview

In 2024, NetEase 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 has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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c
0000000
Total Scope 2
Unspecified Calculation Method
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c
0000000
Total Scope 3
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c
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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c
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Verified Sources Behind NetEase’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’s data sources below and access millions more through our Disclosure Search.

a. NetEase's ESG Report 2024
a. NetEase's ESG Report 2024
b. NetEase's ESG Report 2023
b. NetEase's ESG Report 2023
c. NetEase's ESG Report 2022
c. NetEase's ESG Report 2022
d. NetEase's ESG Report 2020
d. NetEase's ESG Report 2020

Insights into NetEase's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of NetEase amounted to 59,667 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 increased by 26.41%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

NetEase's Scope 1 Emissions Over Time

2020202120222023202403 k6 k9 k12 ktCO2e+231%+75%-4%-18%
  • Total Scope 1
  • Year-over-Year Change

What are NetEase's Scope 1 emissions?

In 2024, the total Scope 1 emissions of NetEase were 9,430 metric tons of CO₂ equivalent (tCO₂e). a

Has NetEase reduced its Scope 1 emissions over time?

Since 2020, NetEase's Scope 1 emissions have increased by 355.08%, reflecting a rising long-term trend in Scope 1 emissions over time. a d

Compared to the previous year (2023), NetEase's Scope 1 emissions decreased by 17.85%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are NetEase's Scope 2 emissions?

In 2024, NetEase reported Scope 2 greenhouse gas (GHG) emissions of 50,237 tCO₂e without specifying the calculation method. a

Has NetEase reduced its Scope 2 emissions over time?

Since 2020, NetEase's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 173.53%, reflecting a rising long-term trend in Scope 2 emissions over time. a d

Compared to the previous year (2023), NetEase's Scope 2 emissions (Unspecified Calculation Method) rose by 40.63% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does NetEase use for Scope 2 reporting?

In 2024, NetEase reported its Scope 2 emissions using an unspecified methodology. a

NetEase's Scope 2 Emissions Over Time

20202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into NetEase's Value Chain Emissions

In 2024, NetEase reported 209,378 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 includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 4 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

NetEase's Scope 3 Emissions Over Time

20202021202220232024070 k140 k210 k280 ktCO2e+445%0%0%-24%
  • Total Scope 3
  • Year-over-Year Change

What are NetEase's Scope 3 emissions?

In 2024, NetEase reported total Scope 3 emissions of 209,378 metric tons of CO₂ equivalent (tCO₂e). a

Has NetEase reduced its Scope 3 emissions over time?

Since 2020, NetEase's Scope 3 emissions have increased by 316.88%, reflecting a rising long-term trend in Scope 3 emissions over time. a d

Compared to the previous year (2023), NetEase's Scope 3 emissions decreased by 23.76%, highlighting the company's efforts to lower indirect emissions from its value chain. a

Insights into NetEase’s GHG Emissions Intensity Compared to Industry Peers

In 2024, NetEase reported Scope 1 greenhouse gas (GHG) emissions of 9,430 tCO₂e and total revenues of USD 2,010 millions. This translates into an emissions intensity of 4.69 tCO₂e per millions USD. a

NetEase's Scope 1 Emissions Intensity Compared to Peers

51002,00050,0001,000,000Scope 1 Emissions (tCO2e)1005005,00050,000200,000Revenues (Millions of USD)DCAChina TelecomYear: 2024Scope 1: 140,000 tCO2eRevenue: $M 72,543Scope 1 Intensity: 1.93 tCO2e/$M37 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: $M 98,489Scope 1 Intensity: 1.23 tCO2e/$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: $M 1,011Scope 1 Intensity: 0.36 tCO2e/$MCMGE Technology GroupYear: 2023Scope 1: 20 tCO2eRevenue: $M 401Scope 1 Intensity: 0.05 tCO2e/$MKuaishou TechnologyYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 18,885Scope 1 Intensity: 0.11 tCO2e/$MNetEaseYear: 2024Scope 1: 9,430 tCO2eRevenue: $M 2,010Scope 1 Intensity: 4.69 tCO2e/$M

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

In 2024, NetEase reported a Scope 1 emissions intensity of 4.69 tCO₂e per millions USD. Compared to the peer group median of 0.43 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does NetEase rank on GHG emissions intensity within its industry?

In 2024, NetEase ranked 19 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 among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into NetEase's Total Carbon Footprint

In 2024, NetEase reported a total carbon footprint of 269,045 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.41% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to NetEase's total carbon footprint was Scope 3 emissions, accounting for 77.82% of the company's total carbon footprint, followed by Scope 2 emissions at 18.67%. a

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