Shenzhen Megmeet Electrical Co., Ltd
Shenzhen Megmeet Electrical Co., Ltd., commonly referred to as Megmeet, is a leading player in the power electronics industry, headquartered in Shenzhen, China. Founded in 2002, the company has established a strong presence in various operational regions, including Asia, Europe, and North America. Megmeet specialises in the design and manufacture of high-performance power supplies, industrial automation solutions, and energy management systems. With a commitment to innovation, Megmeet has achieved significant milestones, including numerous patents and industry certifications. Their core products, known for their reliability and efficiency, cater to diverse sectors such as telecommunications, medical equipment, and renewable energy. As a trusted partner in the power electronics market, Megmeet continues to enhance its reputation through cutting-edge technology and exceptional customer service.
DitchCarbon Score
How does Shenzhen Megmeet Electrical Co., Ltd'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 Electrical Machinery Manufacturing 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
Shenzhen Megmeet Electrical Co., Ltd's score of 34 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shenzhen Megmeet Electrical Co., Ltd's reported carbon emissions
In 2023, Shenzhen Megmeet Electrical Co., Ltd. reported total greenhouse gas emissions of approximately 1,200,000 kg CO2e for Scope 1, about 21,280,000 kg CO2e for Scope 2, and around 1,518,900,000 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. The company has set ambitious near-term reduction targets, committing to a 50% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2023 as the base year. Additionally, Megmeet aims to achieve a 51.6% reduction in Scope 3 emissions per hundred million CNY value added within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit temperature rise to 1.5°C. In previous years, emissions were also significant, with Scope 1 emissions of about 975,130 kg CO2e and Scope 2 emissions of approximately 16,369,030 kg CO2e in 2022, and Scope 1 emissions of around 789,780 kg CO2e and Scope 2 emissions of about 11,564,930 kg CO2e in 2021. The company’s commitment to reducing its carbon footprint demonstrates a proactive stance in addressing climate change within the electrical equipment and machinery sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 789,780 | 000,000 | 0,000,000 |
| Scope 2 | 11,564,930 | 00,000,000 | 00,000,000 |
| Scope 3 | 843,972,970 | 0,000,000,000 | 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.
Shenzhen Megmeet Electrical Co., Ltd 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.
