Midas, Inc. Sustainability Profile
Midas, Inc., a leading name in the automotive service industry, is headquartered in the United States and operates extensively across North America. Founded in 1956, Midas has established itself as a trusted provider of automotive repair and maintenance services, specialising in exhaust systems, brakes, and tyres. With a commitment to quality and customer satisfaction, Midas offers a unique blend of expertise and convenience, ensuring that each service meets the highest standards. The company has achieved significant milestones, including the expansion of its franchise network, which now boasts hundreds of locations. Recognised for its innovative approach and reliable service, Midas holds a strong market position, making it a go-to choice for drivers seeking comprehensive automotive solutions.
DitchCarbon Score
How does Midas, Inc.'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
Midas, Inc.'s score of 95 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Midas, Inc., headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. The company is classified as a merged entity and inherits its climate commitments and performance data from its parent organisation, Compagnie Générale des Établissements Michelin Société en commandite par actions, at a cascade level of three. While Midas, Inc. has not established its own reduction targets or specific climate pledges, it aligns with the sustainability initiatives of its parent company. Michelin has set ambitious targets under the Science Based Targets initiative (SBTi) and participates in various climate-related initiatives, including the Carbon Disclosure Project (CDP) and the Race to Zero campaign. These commitments reflect a broader industry trend towards reducing carbon footprints and enhancing sustainability practices. As Midas, Inc. continues to integrate its operations with those of Michelin, it is expected to adopt similar climate strategies and reduction goals in the future, contributing to the overall efforts of its parent company in combating climate change.
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| 2010 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | 00,000,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Midas, Inc.'s Industry?
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Midas, Inc.'s Scope 3 Categories Breakdown
Midas, Inc.'s Scope 3 emissions, which decreased by 7% last year and decreased by approximately 15% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 71% of Scope 3 emissions.
Top Scope 3 Categories
Midas, Inc.'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.
Midas, Inc. 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.
