Midea
Midea Group, commonly referred to as Midea, is a leading global player in the home appliances and HVAC (heating, ventilation, and air conditioning) industry. Headquartered in China, Midea operates extensively across Asia, Europe, and the Americas, providing innovative solutions to enhance everyday living. Founded in 1968, the company has achieved significant milestones, including its listing on the Shenzhen Stock Exchange in 2013. Midea's core product offerings encompass a wide range of home appliances, including refrigerators, washing machines, and air conditioners, distinguished by their energy efficiency and smart technology integration. With a strong commitment to research and development, Midea has positioned itself as a market leader, recognised for its quality and innovation. The company continues to expand its global footprint, solidifying its reputation as a trusted brand in the competitive appliance market.
DitchCarbon Score
How does Midea's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Midea's score of 20 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Midea's reported carbon emissions
In 2023, Midea reported total carbon emissions of approximately 2,298,311,000 kg CO2e, with Scope 1 emissions accounting for about 1,017,606,000 kg CO2e, including fugitive emissions of 851,446,000 kg CO2e. Scope 2 emissions were approximately 141,518,000 kg CO2e, primarily from purchased electricity. Notably, Midea also disclosed Scope 3 emissions, which totalled about 4,960,000,000 kg CO2e, attributed to purchased goods and services. Over the years, Midea's emissions have shown a trend of increase, with total emissions rising from approximately 1,149,997,000 kg CO2e in 2019 to the current figure in 2023. Despite this increase, Midea has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. Midea's emissions intensity, measured as emissions per unit of revenue, has varied, reflecting their operational changes and revenue growth. The company continues to engage in sustainability practices, although specific reduction strategies have not been outlined in their recent disclosures.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,149,997,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 49.4 | 00.0 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Midea is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
