Tencent Holdings Ltd

Common Name
Tencent Holdings
Country
China (Mainland)
Sector
Communication Services
Industry
Internet Content & Information
Employees
109,414
Ticker
700
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Tencent Holdings Limited, an investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally. The company's consumer...

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

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).

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.

Tencent Holdings's Scope 1 Emissions Over Time

2018201920202021202220232024070 k140 k210 k280 ktCO2e+58%0%+360%+816%+60%-56%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are Tencent Holdings's Scope 2 emissions?

In 2024, Tencent Holdings reported Scope 2 greenhouse gas (GHG) emissions of 2,863,848.7 tCOâ‚‚e using the market-based method, and 3,642,094.8 tCOâ‚‚e using the location-based method.

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

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.

Tencent Holdings's Scope 2 Emissions Over Time

20182019202020212022202320240950 k1.9 M2.85 M3.8 MtCO2e
  • 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 COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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

Tencent Holdings's Scope 3 Emissions Over Time

20212022202320240850 k1.7 M2.55 M3.4 MtCO2e-14%+1%+4%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

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.

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:

  • Upstream Leased Assets (Cat. 8): 1,622,258.23 tCOâ‚‚e (52.82%)
  • Fuel- and Energy-Related Services (Cat. 3): 786,251.622 tCOâ‚‚e (25.6%)
  • Capital Goods (Cat. 2): 455,473.108 tCOâ‚‚e (14.83%)

Tencent Holdings's Scope 3 Emissions by Categories

Upstream LeasedAssets (Cat. 8)(52.8%)Fuel- andEnergy-RelatedServices (Cat. 3)(25.6%)Capital Goods(Cat. 2)(14.8%)

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 COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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