Midea Sustainability Profile
Midea Group, commonly referred to as Midea, is a leading global player in the home appliances and HVAC (heating, ventilation, and air conditioning) industry. Headquartered in China, Midea operates extensively across Asia, Europe, and the Americas, providing innovative solutions to enhance everyday living. Founded in 1968, the company has achieved significant milestones, including its listing on the Shenzhen Stock Exchange in 2013. Midea's core product offerings encompass a wide range of home appliances, including refrigerators, washing machines, and air conditioners, distinguished by their energy efficiency and smart technology integration. With a strong commitment to research and development, Midea has positioned itself as a market leader, recognised for its quality and innovation. The company continues to expand its global footprint, solidifying its reputation as a trusted brand in the competitive appliance market.
DitchCarbon Score
How does Midea'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
Midea's score of 27 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Midea's reported carbon emissions
In 2023, Midea Group, headquartered in China (CN), reported total carbon emissions of approximately 2,298,311,000 kg CO2e. This figure includes 1,017,606,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 1,280,705,000 kg CO2e from Scope 2 emissions, primarily from purchased electricity. Additionally, Midea's Scope 3 emissions, which cover indirect emissions from the value chain, amounted to about 4,960,000,000 kg CO2e. Midea has set ambitious climate commitments, aiming to achieve carbon peak by 2030 and carbon neutrality by 2060. These targets encompass all scopes of emissions, reflecting a long-term strategy to mitigate climate impact. The company has not disclosed specific reduction percentages but is actively working towards these goals. In previous years, Midea's emissions have shown fluctuations, with total emissions recorded at approximately 1,505,877,000 kg CO2e in 2022 and 1,712,766,000 kg CO2e in 2021. The company has consistently reported Scope 1 and Scope 2 emissions, while Scope 3 data was first disclosed in 2023. Midea's climate initiatives are supported by its commitment to transparency and accountability, as evidenced by its participation in the CDP (formerly Carbon Disclosure Project). The company is focused on reducing its carbon footprint and aligning its operations with global climate standards.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 99,406,120 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 875,130,035 | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | 0,000,000,000 |
How Carbon Intensive is Midea's Industry?
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Midea'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.
Midea 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.
