Climate Change Data

NetEase Cloud Music

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Launched various programs supporting independent musicians, including Project Cornerstone, Take in and Rap Out Project, Chinese Rap Rookie Award, New Voice Power Project, City Tour Guide, and Localised Sound, resulting in increased visibility and commercial income for 684,000 registered independent artists and 3.1 million music tracks.
  • Successfully promoted digital and physical album sales, with Eason Chan's album achieving No. 1 sales and Chenyu Hua's album generating over RMB 20 million in gross sales.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Industry slowdown in growth
  • Decreased revenue from social entertainment services due to strategic adjustments
Mitigation Strategies
  • Focus on core online music ecosystem
  • Cost optimization measures and disciplined cost management
  • Strategic business optimizations in social entertainment services
  • Function optimization measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Refined procurement strategy focusing on high-quality content and advantageous music genres

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • AI-powered music creation tools (NetEase Tianyin, X Studio)
  • Private DJ feature
  • Upgraded vinyl player with new styles and IP collaborations

Awards & Recognition

  • Not disclosed