Gree Electric
Gree Electric Appliances Inc., commonly known as Gree, is a leading player in the global HVAC (heating, ventilation, and air conditioning) industry. Headquartered in Zhuhai, Guangdong, China, Gree has established a significant presence across various regions, including Asia, Europe, and North America. Founded in 1991, the company has achieved remarkable milestones, becoming one of the largest manufacturers of air conditioning units worldwide. Gree is renowned for its innovative core products, including residential and commercial air conditioners, heat pumps, and smart home solutions. What sets Gree apart is its commitment to energy efficiency and advanced technology, ensuring optimal performance and sustainability. With a strong market position, Gree has garnered numerous accolades for its quality and reliability, solidifying its reputation as a trusted brand in the HVAC sector.
DitchCarbon Score
How does Gree Electric'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
Gree Electric's score of 31 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gree Electric's reported carbon emissions
In 2024, Gree Electric reported total carbon emissions of approximately 1,168,447,000 kg CO2e. This figure includes 354,630,000 kg CO2e from Scope 1 emissions, 104,634,000 kg CO2e from Scope 2 emissions (market-based), and 709,182,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals significant contributions from purchased goods and services (394,420,000 kg CO2e) and upstream transportation and distribution (94,905,000 kg CO2e). In 2023, Gree Electric's total emissions were about 1,117,968,000 kg CO2e, with Scope 1 emissions at 344,641,000 kg CO2e, Scope 2 emissions (market-based) at 132,877,000 kg CO2e, and Scope 3 emissions totalling 640,450,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. Gree Electric has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded data from any parent organisation. The company is actively engaged in climate reporting, as evidenced by its participation in the CDP, but lacks formal commitments such as Science-Based Targets Initiative (SBTi) targets or other structured reduction initiatives. Overall, Gree Electric's emissions data reflects a substantial carbon footprint, with a significant portion stemming from Scope 3 activities, highlighting the need for comprehensive strategies to address emissions across its value chain.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 352,822,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 249,142,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 835,197,000 | - | - | 000,000,000 | 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.
Gree Electric is not participating in any of the initiatives that 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.
