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 22 is lower than 77% 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. This figure includes 111,510 kg CO2e from Scope 1 emissions and 4,621,610 kg CO2e from Scope 2 emissions. In comparison, the previous year, 2023, the company recorded total emissions of 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. This indicates a significant increase in emissions from 2023 to 2024. Despite the rise in emissions, Tencent Music has not disclosed any specific reduction targets or initiatives as part of its climate commitments. There are no reported Scope 3 emissions, and the company has not cascaded any emissions data from a parent or related organization. The absence of reduction targets suggests that Tencent Music is currently focusing on understanding and managing its emissions profile without formalised commitments to reduction. Overall, while Tencent Music Entertainment Group has made strides in reporting its emissions, the lack of reduction initiatives highlights an area for potential improvement in its climate strategy.
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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 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.
