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Media Production
CN
updated 19 days ago

Tencent Music Entertainment Group

Company website

Tencent Music Entertainment Group, often referred to as TME, is a leading player in the digital music industry, headquartered in China (CN). Founded in 2016, TME has rapidly established itself as a dominant force in the music streaming sector, primarily operating in major regions across Asia. The company offers a diverse range of services, including online music streaming, social entertainment, and music-centric social networking, setting it apart with its unique integration of music and social interaction. TME's core products, such as QQ Music, Kugou, and Kuwo, cater to millions of users, providing an extensive library of songs and innovative features. With a strong market position, Tencent Music has achieved significant milestones, including partnerships with global music labels and a robust user base, solidifying its reputation as a pioneer in the digital music landscape.

DitchCarbon Score

How does Tencent Music Entertainment Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

22

Industry Average

Mean score of companies in the Media Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

24

Industry Benchmark

Tencent Music Entertainment Group's score of 22 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.

38%

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Tencent Music Entertainment Group's reported carbon emissions

In 2024, Tencent Music Entertainment Group reported total carbon emissions of approximately 4,733,120 kg CO2e, comprising 111,510 kg CO2e from Scope 1 and 4,621,610 kg CO2e from Scope 2 emissions. This marks a significant increase from 2023, when the company emitted about 3,401,880 kg CO2e, with Scope 1 emissions at 20,940 kg CO2e and Scope 2 emissions at 3,380,940 kg CO2e. Despite the increase in emissions, Tencent Music has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Overall, Tencent Music's emissions data reflects its operational impact within China, where it is headquartered, and highlights the need for enhanced climate commitments and strategies to address its carbon footprint effectively.

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20232024
Scope 1
20,940
000,000
Scope 2
3,380,940
0,000,000
Scope 3
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Tencent Music Entertainment Group's primary industry is Printed matter and recorded media (22), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Tencent Music Entertainment Group is in CN, which we do not have grid emissions data for.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Tencent Music Entertainment Group is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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