Tencent Music Entertainment Group Sustainability Profile
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 22 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 20,940 | 000,000 |
| Scope 2 | 3,380,940 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Tencent Music Entertainment Group's Industry?
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Tencent Music Entertainment Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Tencent Music Entertainment Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
