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szdaily -> Business/Markets -> 
Tencent pledges to achieve carbon neutrality by 2030
    2022-02-25  08:53    Shenzhen Daily

TENCENT Holdings Ltd. said Thursday it plans to have its operations and supply chain achieve carbon neutrality by the end of the decade.

The company, whose businesses range from messaging app WeChat to games and cloud-based services, is also committing to using green power for 100 percent of its electricity use by 2030.

Tencent said it aims to lower energy consumption per unit of output throughout its operations and significantly increase renewable energy use.

The tech giant will actively participate in green power trading and explore investments in renewable energy projects, as well as adopt carbon offsets for some business segments. Tencent added it would also promote a low-carbon ethos to its consumers and businesses.

An internal review found the company’s total greenhouse gas emissions were equivalent to 5.11 million tons of carbon dioxide in 2021 last year, it said.

“It is Tencent’s responsibility as a global technology leader to help the world achieve carbon neutrality, and it’s also an essential part of our vision to use ‘tech for good,’” chief executive Pony Ma said in a statement.

Fellow tech giant Alibaba Group Holding said in December it is aiming to achieve carbon neutrality for its operations by the end of the decade while also slashing emissions across its supply chains and transportation networks.

Environment group Greenpeace last year ranked Tencent as the best-performing Chinese cloud service provider in terms of procuring renewable energy and cutting emissions. Huawei Technologies came second, Baidu Inc. third and Alibaba fourth.(SD-Agencies)

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