Gree Electric Sustainability Profile
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 14 is lower than 80% 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 2023, Gree Electric Appliances, headquartered in China (CN), reported total emissions of approximately 1,314,438,000 kg CO2e, comprising 726,654,000 kg CO2e from Scope 1 and 587,784,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Gree Electric has not set specific reduction targets or initiatives as part of its climate commitments, and there are no reported SBTi (Science Based Targets initiative) reduction targets. The absence of documented reduction initiatives suggests a need for further development in their climate strategy. The emissions data is sourced directly from Gree Electric Appliances, Inc. of Zhuhai, with no cascading from a parent organization. As the company continues to grow, it may benefit from establishing clear climate goals and reduction strategies to enhance its sustainability profile.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 836,414,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 830,758,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Gree Electric's Industry?
How Carbon Intensive is Gree Electric's Location?
Gree Electric's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Gree Electric has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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