Midea Group Co., Ltd., commonly known as Midea, is a leading Chinese multinational corporation specialising in the electricity nec industry. Headquartered in Foshan, Guangdong Province, China, the company has established a significant presence across Asia, Europe, and the Americas through its extensive operational network. Founded in 1968, Midea has grown from a small household appliance manufacturer to a global leader in smart home solutions and electrical appliances.
Midea’s core offerings include air conditioning systems, refrigeration, washing machines, and kitchen appliances, distinguished by innovative technology and quality. The company’s commitment to research and development has enabled it to maintain a strong market position and achieve notable milestones in product diversification and international expansion. As a prominent player in the electricity nec sector, Midea continues to set industry standards through its focus on sustainable and intelligent solutions.
-2 vs industry average
Midea’s score of 13 is lower than 40% 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 36% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Midea's reported carbon emissions
Midea, headquartered in China and operating in the Electricity nec industry, has disclosed its carbon emissions for several years. In 2023, Midea reported total emissions of approximately 2.3 billion kg CO2e. This figure comprised about 1 billion kg CO2e from Scope 1 emissions and approximately 1.3 billion kg CO2e from Scope 2 emissions. Scope 3 emissions for 2023 were reported at approximately 5 billion kg CO2e.
For the preceding years, Midea's emissions were as follows: In 2022, total Scope 1 and 2 emissions were approximately 1.5 billion kg CO2e, with Scope 1 contributing about 129.4 million kg CO2e and Scope 2 accounting for approximately 1.4 billion kg CO2e. In 2021, total Scope 1 and 2 emissions were around 1.7 billion kg CO2e, with Scope 1 at approximately 136.7 million kg CO2e and Scope 2 at about 1.6 billion kg CO2e. In 2020, Scope 1 and 2 emissions totalled approximately 1.6 billion kg CO2e. Emissions data for 2019 showed Scope 1 and 2 emissions of approximately 1.1 billion kg CO2e, and in 2018, Scope 1 and 2 emissions were around 1.1 billion kg CO2e. For 2017, Scope 1 and 2 emissions were approximately 975 million kg CO2e.
Midea has set ambitious climate commitments. The company aims to achieve carbon peak by 2030 and carbon neutrality by 2060, covering all scopes of emissions.
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Midea’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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