Mips
Mips, officially known as Mips AB, is a leading provider of advanced brain protection technologies headquartered in Sweden (SE). Founded in 2001, the company has established itself within the safety equipment industry, focusing primarily on innovative solutions for head protection in sports and other high-risk activities. Mips is renowned for its unique Multi-directional Impact Protection System, which significantly reduces rotational forces on the brain during impacts. This technology has positioned Mips as a preferred choice among helmet manufacturers globally, enhancing safety standards across various sectors, including cycling, skiing, and motor sports. With a commitment to continuous innovation, Mips has achieved notable milestones, including partnerships with top brands and a growing presence in major markets across Europe and North America. The company’s dedication to research and development solidifies its market position as a pioneer in brain safety technology.
DitchCarbon Score
How does Mips'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 Recreation and Sports Services 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
Mips's score of 69 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mips's reported carbon emissions
In 2024, Mips reported total greenhouse gas emissions of approximately 4,218,900 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 4,218,900 kg CO2e. Specifically, Scope 2 emissions were reported at approximately 52,400 kg CO2e (location-based) and 2,000 kg CO2e (market-based). The company did not disclose Scope 1 emissions for this year. For the previous year, 2023, Mips' emissions included approximately 23,900 kg CO2e from Scope 1, 37,700 kg CO2e from Scope 2 (location-based), and about 4,033,600 kg CO2e from Scope 3. In 2022, the figures were similar, with Scope 1 emissions at approximately 26,100 kg CO2e, Scope 2 at 36,000 kg CO2e (location-based), and Scope 3 emissions reaching about 4,034,000 kg CO2e. Mips has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 42% by 2030 from a 2020 baseline. Additionally, the company has committed to achieving net zero emissions by 2050, focusing on measuring and reducing its Scope 3 emissions. In the near term, Mips targets an 8% reduction in emissions per solution sold by 2024 and has already achieved a 43% reduction in emissions per solution sold since 2021. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Mips' commitment to sustainable practices within the consumer durables sector. The data presented is sourced directly from Mips AB (publ) and does not cascade from any parent organization.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 | - |
| Scope 2 | 17,100 | 00,000 | 0,000 | 0,000 |
| Scope 3 | 12,990,300 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Mips is participating in some 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.
