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.
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.
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.
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.
In 2024, Tencent Music Entertainment Group reported total carbon emissions of approximately 4,733,120 kg CO2e globally, with 111,510 kg CO2e attributed to Scope 1 emissions and 4,621,610 kg CO2e from Scope 2 emissions. In China, the company recorded Scope 1 emissions of about 111,510 kg CO2e for the same year. This represents a significant increase in Scope 1 emissions compared to 2023, when the company reported approximately 20,940 kg CO2e in China. Despite these figures, Tencent Music has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company has not disclosed any climate pledges or significant reduction achievements, suggesting a need for enhanced climate action strategies. Overall, while Tencent Music Entertainment Group has made strides in emissions reporting, the lack of defined reduction targets highlights an opportunity for the company to strengthen its climate commitments and align with industry standards for sustainability.
Access structured emissions data, company-specific emission factors, and source documents
2023 | 2024 | |
---|---|---|
Scope 1 | 20,940 | 000,000 |
Scope 2 | 3,380,940 | 0,000,000 |
Scope 3 | - | - |
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.