Merida Industry Co., Ltd. Sustainability Profile
Merida Industry Co., Ltd., commonly known as Merida, is a leading manufacturer in the bicycle industry, headquartered in Taiwan (TW). Established in 1972, the company has grown to become a prominent player in the global cycling market, with significant operations across Europe, Asia, and North America. Merida is renowned for its high-quality bicycles, including road, mountain, and electric models, distinguished by innovative design and advanced technology. The company’s commitment to sustainability and performance has earned it a strong market position, with notable achievements in competitive cycling and a loyal customer base. With decades of expertise, Merida continues to push the boundaries of cycling excellence, making it a trusted name among enthusiasts and professionals alike.
DitchCarbon Score
How does Merida Industry Co., Ltd.'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 Motor Vehicle Retail Services 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
Merida Industry Co., Ltd.'s score of 43 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Merida Industry Co., Ltd.'s reported carbon emissions
In 2024, Merida Industry Co., Ltd., headquartered in Taiwan (TW), reported significant carbon emissions, primarily from Scope 3 sources. The total emissions amounted to approximately 13,741,287 kg CO2e from capital goods and about 409,136 kg CO2e from purchased goods and services. In 2023, the company recorded similar emissions, with approximately 12,827,401 kg CO2e from capital goods and about 755,335 kg CO2e from purchased goods and services. For the year 2022, Merida disclosed a total of 9,978,478.5 kg CO2e, which included 1,499,101.6 kg CO2e from Scope 1, 6,586,185.6 kg CO2e from Scope 2, and 1,893,191.3 kg CO2e from Scope 3 emissions. The company has set ambitious reduction targets aligned with Taiwan's Nationally Determined Contributions (NDC). By 2030, Merida aims for a 25% reduction in emissions, equating to approximately 2,500 tonnes CO2e for both Scope 1 and Scope 2. Furthermore, the company has committed to achieving a 100% reduction, or about 10,000 tonnes CO2e, by 2050 for both scopes. Merida's emissions data is not cascaded from any parent organization, indicating that the figures are independently reported. The company is actively working towards its climate commitments, focusing on reducing its carbon footprint in line with national targets.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,782,392.3 | 0,000,000.0 | 0,000,000.0 | - | - |
| Scope 2 | 5,679,828.8 | 0,000,000 | 0,000,000.0 | - | - |
| Scope 3 | - | - | 0,000,000.0 | 00,000,000.0 | 00,000,000.0 |
How Carbon Intensive is Merida Industry Co., Ltd.'s Industry?
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Merida Industry Co., Ltd.'s Scope 3 Categories Breakdown
Merida Industry Co., Ltd.'s Scope 3 emissions, which increased by 1% last year and increased by approximately 626% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 19% of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 97% of Scope 3 emissions.
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Merida Industry Co., Ltd.'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.
Merida Industry Co., Ltd. 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.
