Tencent Music Entertainment Group
Industry Group: Software & Services
Country/Region: China
Identifier: HKG:1698
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 812 out of 962
Universe
Global Universe 8415 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| NAVER Corp. |
15
Low
|
84 out of 962 |
| FactSet Research Systems, Inc. |
16.5
Low
|
156 out of 962 |
| LY Corp. |
17.8
Low
|
225 out of 962 |
| REA Group Ltd. |
22.1
Medium
|
489 out of 962 |
| Tencent Music Entertainment Group |
26.3
Medium
|
812 out of 962 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for Tencent Music Entertainment Group
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What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Tencent Music Entertainment Group's ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
