Midea
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's total carbon emissions reached approximately 2,298,311,000 kg CO2e, comprising 1,017,606,000 kg CO2e from Scope 1 emissions and 1,280,705,000 kg CO2e from Scope 2 emissions. Additionally, the company reported significant Scope 3 emissions of about 4,960,000,000 kg CO2e. This data reflects a comprehensive disclosure of emissions across all relevant scopes. Midea has set ambitious climate commitments, aiming to achieve carbon peak by 2030 and carbon neutrality by 2060. These long-term goals encompass all scopes of emissions, demonstrating the company's commitment to addressing its carbon footprint comprehensively. Over the past few years, Midea's emissions have fluctuated, 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 not disclosed specific reduction targets through the Science Based Targets initiative (SBTi) but continues to report its emissions and progress towards its climate goals. Midea's emissions data is sourced directly from Midea Group Co., Ltd., with no cascading from a parent or related organization. The company remains focused on enhancing its sustainability practices and reducing its environmental impact in line with its climate commitments.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Midea is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
