Tencent Holdings Ltd
Tencent Holdings's GHG Emissions Data Preview
In 2024, Tencent Holdings 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).
Tencent Holdings has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | 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.  | 0000000 |
Unspecified Calculation Method | 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 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Tencent Holdings’s Greenhouse Gas (GHG) Emissions Data
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Insights into Tencent Holdings's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Tencent Holdings amounted to 3,763,560.8 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 Tencent Holdings increased by 17.7%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Tencent Holdings's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Tencent Holdings's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Tencent Holdings were 121,466 metric tons of CO₂ equivalent (tCO₂e). a
Has Tencent Holdings reduced its Scope 1 emissions over time?
Since 2018, Tencent Holdings's Scope 1 emissions have increased by 4,587.87%, reflecting a rising long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Tencent Holdings's Scope 1 emissions decreased by 55.89%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Tencent Holdings's Scope 2 emissions?
In 2024, Tencent Holdings reported Scope 2 greenhouse gas (GHG) emissions of 2,863,848.7 tCO₂e using the market-based method and 3,642,094.8 tCO₂e using the location-based method. a
Has Tencent Holdings reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Tencent Holdings's Scope 2 emissions (Location-Based) rose by 24.64% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does Tencent Holdings use for Scope 2 reporting?
In 2024, Tencent Holdings reported its Scope 2 emissions using the market-based method and using the location-based method. a
Tencent Holdings's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Tencent Holdings's Value Chain Emissions
In 2024, Tencent Holdings reported 3,071,295.4 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 Tencent Holdings includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Tencent Holdings's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Tencent Holdings's Scope 3 emissions?
In 2024, Tencent Holdings reported total Scope 3 emissions of 3,071,295.4 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 99.94% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.06% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Tencent Holdings's Scope 3 emissions remained relatively stable, indicating that Tencent Holdings 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Tencent Holdings disclose?
In 2024, Tencent Holdings reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Tencent Holdings's Scope 3 emissions?
In 2024, the largest contributors to Tencent Holdings's Scope 3 emissions were: a
- Upstream Leased Assets (Cat. 8): 1,622,258.23 tCO₂e (52.82%)
- Fuel- and Energy-Related Services (Cat. 3): 786,251.622 tCO₂e (25.6%)
- Capital Goods (Cat. 2): 455,473.108 tCO₂e (14.83%)
Tencent Holdings's Scope 3 Emissions by Categories
Insights into Tencent Holdings’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Tencent Holdings reported Scope 1 greenhouse gas (GHG) emissions of 121,466 tCO₂e and total revenues of USD 98,489 millions. This translates into an emissions intensity of 1.23 tCO₂e per millions USD. a
Tencent Holdings's Scope 1 Emissions Intensity Compared to Peers
How does Tencent Holdings's GHG emissions intensity compare to its peers?
In 2024, Tencent Holdings reported a Scope 1 emissions intensity of 1.23 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 Tencent Holdings rank on GHG emissions intensity within its industry?
In 2024, Tencent Holdings ranked 13 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Tencent Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Tencent Holdings's Total Carbon Footprint
In 2024, Tencent Holdings reported a total carbon footprint of 6,834,856.2 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.05% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Tencent Holdings's total carbon footprint was Scope 2 emissions, accounting for 53.29% of the company's total carbon footprint, followed by Scope 3 emissions at 44.94%. a