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.
-1 vs industry average
Midea’s score of 14 is lower than 42% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Midea's reported carbon emissions
In 2023, Midea reported total carbon emissions of approximately 2.3 billion kg CO2e, comprising 1,017,606,000 kg CO2e from Scope 1, 1,280,705,000 kg CO2e from Scope 2, and 4,960,000,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive disclosure of their emissions across all relevant scopes. 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, demonstrating a long-term commitment to reducing their carbon footprint. The company’s emissions data is sourced directly from Midea Group Co., Ltd., with no cascading from a parent organization. Midea's proactive approach to climate action aligns with industry standards, positioning them as a responsible player in the global effort to combat climate change.
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Midea’s Climate Goals (2030 & 2050)
1 goal2060
Achieve carbon peak by 2030 and carbon neutrality by 206…
Achieve carbon peak by 2030 and carbon neutrality by 2060
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Midea
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