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)2023202220212020 - 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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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 2023
a. Weibo's ESG Report 2023
b. Weibo's ESG Report 2022
b. Weibo's ESG Report 2022

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). a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a b

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. a

What are Weibo's Scope 2 emissions?

In 2023, Weibo reported Scope 2 greenhouse gas (GHG) emissions of 7,727.57 tCO₂e 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 25.79%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

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 a

What methodology does Weibo use for Scope 2 reporting?

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

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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a

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. a b

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. a

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

  • Downstream Leased Assets (Cat. 13): 51,863.64 tCO₂e (93.43%)
  • Purchased Goods and Services (Cat. 1): 3,645.76 tCO₂e (6.57%)

Weibo's Scope 3 Emissions by Categories

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

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

In 2023, Weibo reported Scope 1 greenhouse gas (GHG) emissions of 126.36 tCO₂e and total revenues of USD 1,760 millions. This translates into an emissions intensity of 0.07 tCO₂e 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)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: $M 2,010Scope 1 Intensity: 4.69 tCO2e/$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: 2023Scope 1: 126 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.07 tCO2e/$M

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

In 2023, Weibo reported a Scope 1 emissions intensity of 0.07 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 Weibo rank on GHG emissions intensity within its industry?

In 2023, Weibo ranked 8 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Weibo is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Weibo's Total Carbon Footprint

In 2023, Weibo reported a total carbon footprint of 63,363.33 metric tons of CO₂ equivalent (tCO₂e) 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. a

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%. a

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