SHANGHAI, China - Tencent Holdings Ltd of China announced on Thursday that it intends to achieve carbon neutrality in its operations and supply chain by the end of the decade.
The company, whose products range from the messaging app WeChat to gaming and cloud-based services, has also pledged to utilise renewable energy for 100 percent of its electricity by 2030.
Tencent stated that across its operations, it intends to reduce energy usage per unit of production while dramatically increasing renewable energy use.
The internet giant plans to engage in green power trading and invest in renewable energy projects, as well as use carbon offsets in certain of its business areas. Tencent also stated that it will encourage its customers and enterprises to adopt a low-carbon mindset.
According to an internal study, the company's total greenhouse gas emissions in 2021 were comparable to 5.111 million tonnes of carbon dioxide.
In a statement, Tencent Chief Executive Pony Ma stated, "It is Tencent's obligation as a global technology leader to assist the world reach carbon neutrality, and it is also a vital aspect of our ambition to utilise 'tech for good."
China said last year that it wants to be carbon neutral by 2060, putting pressure on the country's largest companies to develop their own plans to go to "net zero."
However, China's large IT companies are still heavily reliant on the country's coal-dominated energy grid, with only a few pledging to move to renewable energy sources.
Alibaba Group Holding Ltd, a fellow digital behemoth, said in December that it plans to reach carbon neutrality for its operations by the end of the decade, as well as reduce emissions throughout its supply chains and transportation networks.
Last year, the environmental organisation Greenpeace named Tencent the best-performing Chinese cloud service provider in terms of obtaining renewable energy and reducing emissions. Second place went to Huawei Technologies, third to Baidu Inc, and fourth to Alibaba.
China said last year that it wants to be carbon neutral by 2060, putting pressure on the country's largest companies to develop their own plans to go to "net zero."
However, China's large IT companies are still heavily reliant on the country's coal-dominated energy grid, with only a few pledging to move to renewable energy sources.
Alibaba pledged to achieve carbon neutrality in its own direct emissions (known as "scope 1") as well as indirect emissions (known as "scope 2") resulting from the use of energy or heating by 2030.
The corporation has promised to reduce overall CO2 emissions by 1.5 gigatonnes by 2035 across all of its companies.
Alibaba intends to deploy new energy-saving, high-efficiency technologies, increase the usage of renewables, and investigate "carbon removal projects" that might collect climate-warming greenhouse gas from the environment in order to meet its objectives.
Alibaba Group Holding Ltd (9988.HK), a fellow digital behemoth, said in December that it plans to reach carbon neutrality for its operations by the end of the decade, as well as reduce emissions throughout its supply chains and transportation networks. find out more
Last year, the environmental organisation Greenpeace named Tencent the best-performing Chinese cloud service provider in terms of obtaining renewable energy and reducing emissions. Huawei Technologies (HWT.UL), Baidu Inc (9888.HK), and Alibaba came in second, third, and fourth, respectively.
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