Tencent
Visit at https://www.tencent.com
Tencent
Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world. It offers a range of services including communication, social platforms, gaming, cloud computing, and more.
Positive signals
S&P Global includes Tencent in its ESG scoring system, which evaluates the company's management of material ESG risks, opportunities, and impacts, indicating ongoing third-party assessment and transparency.
Tencent was awarded an AA ESG rating by Wind in 2024, ranking it first in its industry, and was included in S&P Global's Dow Jones ESG indices, reflecting strong performance on ESG metrics compared to peers.
Sustainalytics upgraded Tencent's ESG risk rating from 'Medium Risk' to 'Low Risk' in 2023, acknowledging progress in data security, privacy protection, and the establishment of a Personal Information Protection and Data Compliance Management Taskforce.
Concerns
Commitment to carbon neutrality and renewable energy
HIGH
Source →Designation as a Chinese military company by the US Department of Defense
HIGH
Source →In May 2023, Sustainalytics reported an alleged breach of UN Global Compact Principle 2 by Tencent, related to content moderation and the sharing of user data with the Chinese government, raising significant digital rights and privacy concerns.
HIGH
Source →Tencent received a low score on the Ranking Digital Rights index, an NGO benchmark that evaluates global tech companies on digital rights, transparency, and privacy, indicating ongoing reputational risks regarding user rights.
MEDIUM
Source →Sustainalytics' ESG Risk Ratings for Tencent highlight ongoing exposure to material ESG risks, including regulatory scrutiny over data privacy and content moderation, which remain significant for the company's operations.
MEDIUM
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