Tencent Music Entertainment Group
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.
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.
Industry Benchmark
Tencent Music Entertainment Group's score of 17 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tencent Music Entertainment Group's reported carbon emissions
In 2023, Tencent Music Entertainment Group reported total carbon emissions of approximately 3,401,880 kg CO2e. This figure includes about 20,940 kg CO2e from Scope 1 emissions and approximately 3,381,940 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. For the following year, 2024, Tencent Music's emissions increased to about 4,733,120 kg CO2e, with Scope 1 emissions rising to approximately 111,510 kg CO2e and Scope 2 emissions accounting for about 4,621,610 kg CO2e. Despite these figures, Tencent Music has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their sustainability strategy. The company operates within a rapidly evolving industry context, where climate commitments are increasingly critical for stakeholder engagement and regulatory compliance.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 20,940 | 000,000 |
| Scope 2 | 3,380,940 | 0,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
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 committed to any reduction initiatives 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.
