Midas International Corporation Sustainability Profile
Midas International Corporation, often referred to simply as Midas, is a prominent player in the automotive service industry, headquartered in the United States. Founded in the early 1950s, Midas has established itself as a trusted name in vehicle maintenance and repair, with a strong presence across North America and select international markets. Specialising in exhaust systems, brakes, and general automotive services, Midas is renowned for its commitment to quality and customer satisfaction. The company’s unique offerings, such as its lifetime guarantee on certain services, set it apart from competitors. Over the decades, Midas has achieved significant milestones, including the expansion of its franchise network, solidifying its market position as a leader in automotive care. With a focus on innovation and reliability, Midas continues to uphold its reputation as a go-to destination for vehicle owners seeking expert service.
DitchCarbon Score
How does Midas International Corporation'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 International Corporation's score of 23 is lower than 68% 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 International Corporation, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Compagnie Générale des Établissements Michelin Société en commandite par actions, which influences its climate commitments and initiatives. While Midas International Corporation has not established its own reduction targets or climate pledges, it inherits sustainability initiatives from its parent company, Michelin. This includes participation in various climate-related frameworks, such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are cascaded from Michelin at a third-level relationship. As part of its commitment to sustainability, Midas International Corporation aligns with Michelin's broader climate strategies, which focus on reducing carbon emissions across all scopes. However, specific reduction targets or achievements for Midas International Corporation have not been disclosed. In summary, while Midas International Corporation lacks direct emissions data and specific climate commitments, it is positioned within a corporate family that prioritises sustainability and climate action through inherited initiatives from Michelin.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 947,000 | 0,000,000 |
| Scope 2 | - | - |
| Scope 3 | 268,092,000 | 000,000,000 |
How Carbon Intensive is Midas International Corporation's Industry?
How Carbon Intensive is Midas International Corporation's Location?
Midas International Corporation's Scope 3 Categories Breakdown
Midas International Corporation's Scope 3 emissions, which decreased by 4% last year and decreased by approximately 4% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Use of Sold Products" being the largest emissions source at 80% of Scope 3 emissions.
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Midas International Corporation'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 International Corporation 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.
