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 13,741,302 kg CO2e, with capital goods contributing about 13,341,387 kg CO2e and purchased goods and services accounting for about 409,136 kg CO2e. In 2023, the company recorded similar emissions, totalling around 13,155,736 kg CO2e, with capital goods at approximately 12,827,401 kg CO2e and purchased goods and services at about 755,335 kg CO2e. Merida's emissions data for 2022 revealed a total of about 9,978,478.5 kg CO2e, distributed across Scope 1 (approximately 1,499,101.6 kg CO2e), Scope 2 (approximately 6,586,185.6 kg CO2e), and Scope 3 (approximately 1,893,191.3 kg CO2e). The company has set ambitious reduction targets aligned with Taiwan's Nationally Determined Contributions (NDC). By 2030, Merida aims for a 25% reduction in Scope 1 and Scope 2 emissions, equating to about 2,500 tonnes CO2e each. Furthermore, the company has committed to achieving a 100% reduction in these emissions by 2050, targeting a total reduction of approximately 10,000 tonnes CO2e. Merida's climate commitments reflect a proactive approach to sustainability, focusing on significant long-term reductions in greenhouse gas emissions. The company is currently on track to meet its near-term targets, demonstrating a commitment to environmental responsibility and compliance with national climate goals.
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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 |
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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.
Top Scope 3 Categories
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.
