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 25 is higher than 64% 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 reported total carbon emissions of approximately 2,298,311,000 kg CO2e, which includes 1,017,606,000 kg CO2e from Scope 1 emissions, 1,280,705,000 kg CO2e from Scope 2 emissions, and 4,960,000,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to previous years, with total emissions of 1,712,766,000 kg CO2e in 2021 and 1,505,877,000 kg CO2e in 2022. Midea has set ambitious climate commitments, aiming to achieve carbon peak by 2030 and carbon neutrality by 2060 across all scopes of emissions. These long-term targets reflect the company's dedication to reducing its carbon footprint and contributing to global climate goals. The company has disclosed emissions data for Scope 1 and Scope 2, but has not provided specific figures for Scope 3 emissions in previous years. Midea's commitment to sustainability is further underscored by its efforts to enhance emission efficiency, as indicated by its production emission factors, which show a gradual decrease in emissions per unit of output value over the years. Overall, Midea's climate strategy is focused on significant reductions in greenhouse gas emissions, aligning with industry standards and global climate initiatives.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 136,721,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 1,576,045,000 | 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.
