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Weibo Corp

Common Name
Weibo
Country
China (Mainland)
Sector
Communication Services
Industry
Internet Content & Information
Employees
4,982
Ticker
9898
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Weibo Corporation is a leading social media and technology company based in China, renowned for operating one of the country's most influential social platforms. The company primarily focuses on socia...

Weibo's GHG Emissions Data Preview

In 2024, Weibo 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).

Weibo has also provided a category-level breakdown for 2 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
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Weibo’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 Weibo’s data sources below and access millions more through our Disclosure Search.

a. Weibo's ESG Report 2024
a. Weibo's ESG Report 2024
b. Weibo's ESG Report 2023
b. Weibo's ESG Report 2023
c. Weibo's ESG Report 2022
c. Weibo's ESG Report 2022

Insights into Weibo's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofWeibo amounted to7,098metric 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 Weibodecreased by 9.62%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Weibo's Scope 1 Emissions Over Time

202120222023202404590135180tCO2e-44%+38%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Weibo's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Weibo were 107 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Weibo reduced its Scope 1 emissions over time?

Since 2021, Weibo's Scope 1 emissions have decreased by 34.17%, reflecting a declining long-term trend in Scope 1 emissions over time.ac

Compared to the previous year(2023), Weibo's Scope 1 emissions decreased by 15.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab

What are Weibo's Scope 2 emissions?

In 2024, Weibo reported Scope 2 greenhouse gas (GHG) emissions of 6,991 tCOâ‚‚e without specifying the calculation method.a

Has Weibo reduced its Scope 2 emissions over time?

Since 2021, Weibo's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 13.8%, reflecting a rising long-term trend in Scope 2 emissions over time.ac

Compared to the previous year(2023), Weibo's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Weibo's emissions have plateaued with no significant change in its energy consumption footprint.ab

What methodology does Weibo use for Scope 2 reporting?

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

Weibo's Scope 2 Emissions Over Time

202120222023202402 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Weibo's Value Chain Emissions

In 2024, Weibo reported 49,788 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Weibo includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Weibo's Scope 3 Emissions Over Time

2021202220232024025 k50 k75 k100 ktCO2e-18%-17%-10%
  • Total Scope 3
  • Year-over-Year Change

What are Weibo's Scope 3 emissions?

In 2024, Weibo reported total Scope 3 emissions of 49,788 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Weibo reduced its Scope 3 emissions over time?

Since 2021, Weibo's Scope 3 emissionshave decreased by 38.66%, reflecting a declining long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2023), Weibo's Scope 3 emissions decreased by 10.31%, highlighting the company's efforts to lower indirect emissions from its value chain.ab

What categories of Scope 3 emissions does Weibo disclose?

In 2024, Weibo reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Weibo's Scope 3 emissions?

In 2024, the largest contributors to Weibo's Scope 3 emissions were:a

  • Upstream Leased Assets (Cat. 8): 45,457 tCOâ‚‚e(91.3%)
  • Purchased Goods and Services (Cat. 1): 4,331 tCOâ‚‚e(8.7%)

Weibo's Scope 3 Emissions by Categories

Upstream LeasedAssets (Cat. 8)(91.3%)Purchased Goods andServices (Cat. 1)(8.7%)

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

In 2024, Weibo reported Scope 1 greenhouse gas (GHG) emissions of 107 tCOâ‚‚e and total revenues of USD 13,718 millions. This translates into an emissions intensity of 0.01 tCOâ‚‚e per millions USD.a

Weibo's Scope 1 Emissions Intensity Compared to Peers

51002,00050,0001,000,000Scope 1 Emissions (tCO2e)1005005,00050,000200,000Revenues (Millions of USD)JZDCABaiduYear: 2024Scope 1: 20,570 tCO2eRevenue: $M 2,540Scope 1 Intensity: 8.10 tCO2e/$MInkeverse GroupYear: 2023Scope 1: 6 tCO2eRevenue: $M 1,045Scope 1 Intensity: 0.01 tCO2e/$MJJJiangsu Phoenix Publishing & MediaYear: 2024Scope 1: 2,509 tCO2eRevenue: $M 1,864Scope 1 Intensity: 1.35 tCO2e/$MNetease Cloud MusicYear: 2024Scope 1: 697 tCO2eRevenue: $M 1,189Scope 1 Intensity: 0.59 tCO2e/$MChina UnicomYear: 2024Scope 1: 110,000 tCO2eRevenue: $M 53,383Scope 1 Intensity: 2.06 tCO2e/$MZZZhejiang Daily Digital Culture GroupYear: 2024Scope 1: 48 tCO2eRevenue: $M 424Scope 1 Intensity: 0.11 tCO2e/$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: 2024Scope 1: 2,731 tCO2eRevenue: $M 1,665Scope 1 Intensity: 1.64 tCO2e/$MTencent HoldingsYear: 2024Scope 1: 121,466 tCO2eRevenue: $M 98,489Scope 1 Intensity: 1.23 tCO2e/$MNetEaseYear: 2024Scope 1: 9,430 tCO2eRevenue: $M 2,010Scope 1 Intensity: 4.69 tCO2e/$MTencent MusicYear: 2024Scope 1: 112 tCO2eRevenue: $M 4,240Scope 1 Intensity: 0.03 tCO2e/$MAAAutohomeYear: 2023Scope 1: 362 tCO2eRevenue: $M 1,011Scope 1 Intensity: 0.36 tCO2e/$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: $M 18,885Scope 1 Intensity: 0.11 tCO2e/$MWeiboYear: 2024Scope 1: 107 tCO2eRevenue: $M 13,718Scope 1 Intensity: 0.01 tCO2e/$M

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

In 2024, Weibo reported a Scope 1 emissions intensity of 0.01 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.47, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

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

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

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

Insights into Weibo's Total Carbon Footprint

In 2024, Weibo reported a total carbon footprint of 56,886 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.22% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Weibo's total carbon footprint was Scope 3 emissions, accounting for 87.52% of the company's total carbon footprint, followed by Scope 2 emissions at 12.29%.a

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