
LOS ANGELES, Jan. 17, 2025 — The climate finance firm Catona Climate has partnered with Tencent, a major technology and entertainment company, to support Tencent’s plan to reduce its carbon footprint. This plan prioritizes emission reductions and renewable energy adoption, using high-quality carbon removal to offset remaining emissions.
Catona and Tencent have agreed to a pre-purchase of 3 million tonnes of nature-based carbon removals, to be delivered over 14 years, from 2027 to 2040. Tencent, whose emission reduction targets were validated by the Science Based Targets initiative (SBTi) last year, is committed to achieving carbon neutrality across its operations and supply chain, and using 100% green power by 2030.
“At Catona, our ideal corporate partner supports impactful carbon removal projects alongside internal decarbonization, and empowers their customers to take climate action,” said Catona Climate CEO Tate Mill. “We are pleased to collaborate with Tencent to help them meet their ambitious climate goals and support their efforts to integrate climate action across their operations, customer base, and society.”
“At Tencent, we are dedicated to a low-carbon future, starting with our own commitment to carbon neutrality by the end of the decade,” said Hao Xu, Tencent’s Vice President of Sustainable Social Value and Head of Tencent’s Carbon Neutrality Lab. “Our partnership with Catona focuses on identifying and supporting high-quality, nature-based carbon removal projects that deliver positive social and environmental benefits.”
Catona and Tencent, sharing a commitment to global climate action, are exploring further collaboration opportunities within Tencent’s social value framework.
Beyond its carbon-neutral goal, Tencent’s commitment to sustainability includes a recent initiative providing funding for innovative early-stage climate technologies, including carbon removal, essential for achieving Paris Agreement targets.
In 2021, Tencent established its Sustainable Social Value (SSV) Organization to promote sustainable innovations and improve social well-being through technological advancements. Guided by its ‘Tech for Good’ mission, the company aims to foster open innovation, empower its customers, and leverage its technology to help its community and society reach net-zero emissions.
About Catona Climate
Catona Climate is a climate finance company providing high-quality carbon solutions to businesses globally, translating climate commitments into action through rigorously vetted, high-impact nature-based carbon projects worldwide. Committed to environmental protection, Catona Climate aims to combat the climate crisis by channeling capital into nature and enabling a fair and equitable transition to a net-zero future. Catona Climate is a member of the Beyond Alliance, IETA, and other key industry groups focused on climate action. For more information, visit .
About Tencent
Tencent is a global technology and entertainment company offering communication networks, entertainment platforms, and enterprise solutions. These offerings connect individuals and businesses, transforming how people work, live, and engage digitally.
Headquartered in Shenzhen and listed on the Stock Exchange of Hong Kong since 2004 (00700.HK), Tencent is dedicated to using technology for good to tackle global challenges and create lasting value for users, partners, and society.
The company’s dedication to corporate responsibility and sustainability is recognized by the Dow Jones Sustainability World Index and Sustainalytics ESG Risk Rating. Time magazine named Tencent among the “World’s Most Sustainable Companies” (2024) for its efforts to achieve carbon neutrality across its operations and supply chain by 2030. Tencent is a signatory to the United Nations Global Compact.
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SOURCE Catona Climate
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