Tencent Music unveils first ESG report in Shenzhen, September 2024

On September 27, 2024, Tencent Music Entertainment Group (TME) unveiled its inaugural Environmental, Social and Governance (ESG) report, marking a significant step in its commitment to sustainability. The report was released in Shenzhen, China, and highlights TME's initiatives aimed at fostering responsible practices within the online music and audio entertainment sector. It covers key areas such as platform responsibility, employee welfare, and broader social responsibilities. Mr. Cussion Pang, the Executive Chairman of TME, emphasized the importance of this report in showcasing the company's ongoing efforts to develop and implement a comprehensive sustainability strategy. The report serves as a foundation for TME's future initiatives, reinforcing its mission to create endless possibilities through music and technology. The release of the ESG report is part of a broader trend among companies to enhance transparency and accountability regarding their environmental and social impacts. By detailing its performance and initiatives, TME aims to build trust with stakeholders and demonstrate its commitment to long-term value creation. As the music industry increasingly focuses on sustainability, TME's report positions the company as a leader in this movement, reflecting its dedication to shaping a sustainable future. The report can be accessed through TME's investor relations website, providing stakeholders with insights into the company's sustainability efforts.