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 26 is lower than 54% 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 reported total carbon emissions of approximately 726,654,000 kg CO2e for Scope 1 and about 587,784,000 kg CO2e for Scope 2. This reflects a slight increase in Scope 1 emissions from 2022, which were about 709,422,000 kg CO2e, while Scope 2 emissions decreased from approximately 740,658,000 kg CO2e in the same year. Gree Electric has set ambitious climate commitments, aiming to achieve net zero direct carbon emissions for both Scope 1 and Scope 2 by 2040. This long-term target underscores the company's dedication to reducing its carbon footprint and aligns with global climate initiatives. The company does not currently disclose Scope 3 emissions, which encompass indirect emissions from the value chain. Gree Electric's emissions data is sourced directly from Gree Electric Appliances, Inc. of Zhuhai, with no cascading data from a parent or related organization. Overall, Gree Electric is actively working towards significant emissions reductions while maintaining transparency in its reporting and commitments to climate action.
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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.
