Mips

Mips, headquartered in Sweden, reported total Scope 1, 2, and 3 emissions of approximately 4,882,200 kg CO2e in 2025. This includes 0 kg CO2e from Scope 1, 1,200 kg CO2e (market-based) from Scope 2, and 4,881,000 kg CO2e from Scope 3.

In 2024, their total emissions were approximately 4,627,000 kg CO2e, comprising 0 kg CO2e from Scope 1, 2,000 kg CO2e (market-based) from Scope 2, and 4,625,000 kg CO2e from Scope 3.

For 2023, Mips' total emissions were approximately 4,321,300 kg CO2e, with 23,900 kg CO2e from Scope 1, 9,400 kg CO2e (market-based) from Scope 2, and 4,288,000 kg CO2e from Scope 3.

Mips has established several climate commitments and targets:

• Mips AB, as an SME, has Science Based Targets initiative (SBTi) approved targets to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, from a 2020 base year. These targets are consistent with reductions required to keep warming to 1.5°C.
• The company aims to reduce its total emissions by 42% by the end of 2030, using 2021 as the base year. This target is stated to imply a 90% reduction in emissions, accounting for an assumed annual growth of approximately 20%.
• Mips is committed to achieving net-zero emissions by 2050 (Scope 3 total).
• The company also aims to reduce its operational emissions (Scope 1 and 2) by 50% by 2025, from a 2020 baseline.
• In terms of intensity targets, Mips reduced greenhouse gas emissions per solution sold by 43% between the 2021 base year and 2024. Their target for 2024 was to reduce emissions per solution sold by 8%.