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 Group, headquartered in China (CN), reported total carbon emissions of approximately 2,298,311,000 kg CO2e. This figure includes Scope 1 emissions of about 1,017,606,000 kg CO2e, which encompasses direct emissions from owned or controlled sources, and Scope 2 emissions of approximately 1,280,705,000 kg CO2e, primarily from purchased electricity. Additionally, Midea disclosed Scope 3 emissions totalling around 4,960,000,000 kg CO2e, which cover indirect emissions from the value chain. 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 reported specific reduction percentages but is actively working towards these goals. 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 data indicates a significant increase in emissions from 2022 to 2023, highlighting the challenges faced in reducing carbon output amidst growing operational demands. Midea's emissions data is sourced directly from Midea Group Co., Ltd., with no cascading from parent or related organizations. The company continues to engage in various sustainability initiatives to align 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.
