Tencent Music Entertainment Group

Common Name
Tencent Music
Country
China (Mainland)
Sector
Communication Services
Industry
Internet Content & Information
Employees
5,353
Ticker
1698
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Tencent Music Entertainment Group operates as a music streaming and entertainment services platform across China. It offers an extensive library of audio content through its major brands, including QQ...
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Tencent Music's GHG Emissions Data Preview

In 2024, Tencent 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) and Scope 2 (indirect emissions from purchased energy).

However, Tencent Music 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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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Tencent Music’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 Tencent Music’s data sources below and access millions more through our Disclosure Search.

a. Tencent Music's ESG Report 2024
a. Tencent Music's ESG Report 2024

Insights into Tencent Music's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Tencent Music amounted to 4,733.12 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 Music increased by 39.13%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Tencent Music's Scope 1 Emissions Over Time

202320240306090120tCO2e+433%
  • Total Scope 1
  • Year-over-Year Change

What are Tencent Music's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Tencent Music were 111.51 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2023), Tencent Music's Scope 1 emissions increased by 432.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Tencent Music's Scope 2 emissions?

In 2024, Tencent Music reported Scope 2 greenhouse gas (GHG) emissions of 4,621.61 tCO₂e using the location-based method. a

Has Tencent Music reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Tencent Music's Scope 2 emissions (Location-Based) rose by 36.7% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Tencent Music use for Scope 2 reporting?

In 2024, Tencent Music reported its Scope 2 emissions using the location-based method. a

Tencent Music's Scope 2 Emissions Over Time

2023202401.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based

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

In 2024, Tencent Music reported Scope 1 greenhouse gas (GHG) emissions of 111.51 tCO₂e and total revenues of USD 4,240 millions. This translates into an emissions intensity of 0.03 tCO₂e per millions USD. a

Tencent Music's Scope 1 Emissions Intensity Compared to Peers

51002,00050,0001,000,000Scope 1 Emissions (tCO2e)1005005,00050,000200,000Revenues (Millions of USD)DCA37 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: $M 98,489Scope 1 Intensity: 1.23 tCO2e/$MNetEaseYear: 2024Scope 1: 9,430 tCO2eRevenue: $M 2,010Scope 1 Intensity: 4.69 tCO2e/$MWeiboYear: 2023Scope 1: 126 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.07 tCO2e/$MAAAutohomeYear: 2023Scope 1: 362 tCO2eRevenue: $M 1,011Scope 1 Intensity: 0.36 tCO2e/$MMeituYear: 2024Scope 1: 68 tCO2eRevenue: $M 501Scope 1 Intensity: 0.14 tCO2e/$MCMGE Technology GroupYear: 2023Scope 1: 20 tCO2eRevenue: $M 401Scope 1 Intensity: 0.05 tCO2e/$MKuaishou TechnologyYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 18,885Scope 1 Intensity: 0.11 tCO2e/$MTencent MusicYear: 2024Scope 1: 112 tCO2eRevenue: $M 4,240Scope 1 Intensity: 0.03 tCO2e/$M

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

In 2024, Tencent Music reported a Scope 1 emissions intensity of 0.03 tCO₂e per millions USD. Compared to the peer group median of 0.43 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Tencent Music rank on GHG emissions intensity within its industry?

In 2024, Tencent Music ranked 2 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Tencent Music among the top performers, with one of the lowest emissions intensities relative to peers. a

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