In 2023, Tencent Holdings disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Tencent Holdings also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Tencent Holdings also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Tencent Holdings also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Tencent Holdings's reliance on fossil fuels versus cleaner alternatives.
Metric (GJ) | 2023 | 2022 | 2021 | 2020 - 2017 |
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Total Energy Consumed | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Renewable Energy Consumed | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Non-renewable Energy Consumed | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Electricity Consumed | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, Tencent Holdings consumed a total of 18.59 million Gigajoules of energy across its operations. Of this total, 12.25% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 87.75% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a
In 2023, Tencent Holdings consumed a total of 18.59 million Gigajoules of energy, of which 12.25% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Tencent Holdings has considerable room to improve its energy sustainability strategy.
Since 2021, Tencent Holdings's total energy consumption increased by 16%, including a 2.36% increase in 2023, reflecting a sustained rise in overall energy demand. a
Over the same period, the share of renewable energy in Tencent Holdings's consumption increased by 734.67%, including a 72.49% increase in 2023, showing consistent progress in clean energy adoption. a
Overall, Tencent Holdings has seen rising energy demand, but has also made strong and consistent progress in increasing its reliance on renewable energyāmitigating the environmental impact of its growing consumption.
In 2023, Tencent Holdings disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Tencent Holdings's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies. a
In 2023, Tencent Holdings's total energy consumption was primarily sourced from a
In 2023, Tencent Holdings consumed energy from 5 different sources or generation technologies, indicating a highly concentrated energy mix, with Electricity (Unspecified Source) alone accounting for 99.03% of total consumption. a
In 2023, Tencent Holdings reported total energy inflows of 2.32 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 2.22 million Gigajoules purchased from external suppliers and 101,921.4 Gigajoules generated through internal production. This corresponds to a production share of 4.38%, reflecting a 149.21% percentage point decrease from the previous year (2022) and a 136.82% percentage point increase since 2021. a
Despite a recent dip in the production share, Tencent Holdings has significantly increased its reliance on internally generated energy over the long term. The short-term decline may be due to temporary disruptions, shifts in output demand, or adjustments in procurement strategy, rather than a reversal of its overall trend.
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