Tencent Music Entertainment Group
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:3,401.88 tCO2e
Scope 1 Emissions:20.94 tCO2e
Scope 2 Emissions:3,380.94 tCO2e
Total Energy Consumption:6,010.74 MWh
Water Consumption:35,108.00 tonnes
Waste Generated:54,774.32 kg (non-hazardous), 764.07 kg (hazardous)
Carbon Intensity:0.12 tCO2e/RMB million
ESG Focus Areas
- Green and low-carbon development
- Responsible platform
- Employee care
- Social responsibility
- Corporate governance
- Business ethics
Environmental Achievements
- Our office operations are ISO 14001 certified.
- Offices currently under construction comply with national design standards for water and soil conservation and meet Three-Star standards for green buildings.
- 100% of our waste was properly disposed of in 2023.
Social Achievements
- Increased the proportion of female directors on the Board from 22.2% in 2023 to 33.3% as of March 31, 2024.
- 100% of our suppliers under annual frameworks have signed the TME Anti-bribery Statement.
- All new employees are required to take training courses on our Sunshine Code of Conduct, achieving 100% coverage.
- Launched the Tencent Musician Platform, attracting 480,000 musicians and hosting over 500 music creation events.
- Established the TME Volunteer Association to encourage employee engagement in public welfare and charity.
- Released the Chinese Digital Music Year-End Report 2023.
Governance Achievements
- Established a strong corporate management system and governance framework.
- Implemented a healthy risk management and internal monitoring system.
- Comply with applicable laws and regulations both domestically and internationally.
- Developed the TME AIGC Product Compliance Manual, establishing a compliance framework for risk control and regulation of AIGC-related products.
Climate Goals & Targets
Environmental Challenges
- Extreme climate events (e.g., frequent typhoons and rainstorms) may affect business continuity.
- Chronic risks (e.g., high temperatures, droughts, and rising sea levels) may increase energy consumption and operating costs.
- Stricter policies on carbon emissions require greater investment in energy conservation and carbon emission reduction.
Mitigation Strategies
- Formulated emergency response plans for extreme climate events.
- Considered the impact of water resources when selecting office building locations; enhanced heat resistance of power facilities; considered alternative water sources.
- Improved energy utilization efficiency and water resource efficiency of green office operations and data centers.
Supply Chain Management
Supplier Audits: Annual performance assessments on key suppliers
Responsible Procurement
- Established minimum qualification standards for suppliers; preference given to environmentally sustainable suppliers; TME Supplier Code of Conduct.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme climate events (e.g., frequent typhoons and rainstorms)
- Chronic risks (e.g., high temperatures, droughts and rising sea levels)
Transition Risks
- Stricter policies on carbon emissions
Reporting Standards
Frameworks Used: GRI Standards, SASB Standards, UN SDGs
Certifications: ISO 14001, ISO 9001, ISO 45001, WELL Gold Certification (Beijing office)
Awards & Recognition
- 2023 Ronghua Award for Corporate Social Responsibility (Beijing Business Today)
- 2020-2023 Special Contributor of Music (Music Industry Promotion Committee of the China Audio-video and Digital Publishing Association)
- 2023 China Influential Copyright Enterprise (Copyright Society of China)
- MAX 2023 Employer Worth Working (Maimai)
- 24th China Patent Award: Excellence Award (China National Intellectual Property Administration)
- NFuture Awards 2023: Most Desirable Employer for College Students (Nowcoder)
- 2023 Top Employer in China’s Digital Technology Industry (Lagou)