Tencent

Tencent, operating within the Radio, television and communication equipment and apparatus (32) industry from its headquarters in CN, has detailed climate commitments and a history of carbon emissions reporting.

For the reporting year 2024, Tencent reported a total of approximately 6.06 billion kg CO2e. This figure comprises approximately 121.46 million kg CO2e from Scope 1 emissions, 2.86 billion kg CO2e from Scope 2 emissions, and 3.07 billion kg CO2e from Scope 3 emissions. In the preceding year, 2023, total emissions were approximately 5.79 billion kg CO2e, with Scope 1 at about 275.37 million kg CO2e, Scope 2 at approximately 2.56 billion kg CO2e, and Scope 3 at around 2.96 billion kg CO2e. The year before that, 2022, saw total emissions of approximately 5.74 billion kg CO2e, made up of about 172.14 million kg CO2e (Scope 1), 2.65 billion kg CO2e (Scope 2), and 2.92 billion kg CO2e (Scope 3). In 2021, total emissions were approximately 5.87 billion kg CO2e, with Scope 1 emissions at approximately 18.80 million kg CO2e, Scope 2 at about 2.47 billion kg CO2e, and Scope 3 at approximately 3.38 billion kg CO2e.

Tencent has established a comprehensive set of climate targets. The company has pledged to achieve carbon neutrality across its operations and supply chains by 2030. This ambition is supported by specific reduction targets: a 70% reduction in absolute Scope 1 and 2 emissions, and a 30% reduction in absolute Scope 3 emissions, all measured against a 2021 base year. Furthermore, Tencent aims to transition to 100% renewable electricity for its power supply where feasible. The company also has a long-term net-zero target for greenhouse gas emissions across its value chain by 2050, with a commitment to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from the 2021 baseline. These targets have been validated by the Science Based Targets initiative (SBTi) as being consistent with limiting warming to 1.5°C.