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 2023, 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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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 Weibo's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Weibo amounted to 7,853.93 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 2022, the total operational greenhouse gas (GHG) emissions of Weibo increased by 39.68%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Weibo's Scope 1 Emissions Over Time

20212022202304590135180tCO2e-44%+38%
  • Total Scope 1
  • Year-over-Year Change

What are Weibo's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Weibo were 126.36 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Weibo reduced its Scope 1 emissions over time?

Since 2021, Weibo's Scope 1 emissions have decreased by 22.25%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Weibo's Scope 1 emissions increased by 37.98%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Weibo's Scope 2 emissions?

In 2023, Weibo reported Scope 2 greenhouse gas (GHG) emissions of 7,727.57 tCOâ‚‚e without specifying the calculation method.

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 25.79%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Weibo's Scope 2 emissions (Unspecified Calculation Method) rose by 39.71% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Weibo use for Scope 2 reporting?

In 2023, Weibo reported its Scope 2 emissions using an unspecified methodology.

Weibo's Scope 2 Emissions Over Time

20212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Weibo's Value Chain Emissions

In 2023, Weibo reported 55,509.4 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 2023 disclosure of Weibo includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Weibo's Scope 3 Emissions Over Time

202120222023025 k50 k75 k100 ktCO2e-18%-17%
  • Total Scope 3
  • Year-over-Year Change

What are Weibo's Scope 3 emissions?

In 2023, Weibo reported total Scope 3 emissions of 55,509.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 6.57% of these emissions originated from upstream activities such as purchased goods and capital goods, while 93.43% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Weibo reduced its Scope 3 emissions over time?

Since 2021, Weibo's Scope 3 emissions have decreased by 31.61%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Weibo's Scope 3 emissions decreased by 16.6%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Weibo disclose?

In 2023, Weibo reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to Weibo's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 51,863.64 tCOâ‚‚e (93.43%)
  • Purchased Goods and Services (Cat. 1): 3,645.76 tCOâ‚‚e (6.57%)

Weibo's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(93.4%)Purchased Goods andServices (Cat. 1)(6.6%)

Insights into Weibo's Total Carbon Footprint

In 2023, Weibo reported a total carbon footprint of 63,363.33 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.21% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Weibo's total carbon footprint was Scope 3 emissions, accounting for 87.6% of the company's total carbon footprint, followed by Scope 2 emissions at 12.2%.

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