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Shenzhen Megmeet Electrical Co., Ltd
Electrical Machinery ManufacturingChinaSHZ: 002851.SZ
Last verified 10 days agomegmeet.com
Shenzhen Megmeet Electrical Co., Ltd., commonly known as Megmeet, is a leading player in the electrical machinery and apparatus sector, specialising in niche equipment and solutions. Headquartered in Shenzhen, China, the company serves a broad international market, with significant operations across Asia and beyond. Founded in 2004, Megmeet has established a strong reputation for innovation and quality within the electrical industry.
The company’s core offerings include power electronics, automation systems, and energy management solutions, distinguished by their reliability and advanced technology. Over the years, Megmeet has achieved notable milestones, positioning itself as a key supplier in the electrical machinery and apparatus market. Its commitment to research and development continues to drive growth and industry recognition.
20
DitchCarbon score
-10 vs industry average
Shenzhen Megmeet Electrical Co., Ltd’s score of 20 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Electrical Machinery Manufacturing is among the most carbon-intensive industries
Industry performance
0.315
20182025
The Electrical Machinery Manufacturing industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Shenzhen Megmeet Electrical Co., Ltd's reported carbon emissions
Shenzhen Megmeet Electrical Co., Ltd reported total greenhouse gas emissions of approximately 1,541,090,000 kg CO2e in 2023. This includes Scope 1 emissions of approximately 1,200,000 kg CO2e, Scope 2 emissions of approximately 21,280,000 kg CO2e, and Scope 3 emissions of approximately 1,518,900,000 kg CO2e. In 2022, their emissions were approximately 1,252,228,750 kg CO2e, and in 2021, they were approximately 856,327,680 kg CO2e.
The company has set Science Based Targets initiative (SBTi) approved near-term targets. Shenzhen Megmeet Electrical Co., Ltd. commits to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2023 base year. Additionally, they commit to reduce Scope 3 GHG emissions by 51.6% per hundred million CNY value added within the same timeframe. These Scope 1 and 2 targets are consistent with reductions required to keep warming to 1.5°C.
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Shenzhen Megmeet Electrical Co., Ltd’s Climate Goals (2030 & 2050)
3 goals2030
50% reduction in Scope 2
Shenzhen Megmeet Electrical Co., Ltd. commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2023 base year.
Behind target50%
2030
50% reduction in Scope 1
Shenzhen Megmeet Electrical Co., Ltd. commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2023 base year.
Behind target50%
2030
51.6% reduction in scope 3 total
Shenzhen Megmeet Electrical Co., Ltd. commits to reduce scope 3 GHG emissions 51.6% per hundred million CNY value added within the same time…
Insufficient data51.6%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Shenzhen Megmeet Electrical Co., Ltd10 days ago
20
DEAutomatic Environmental Control Manufacturing for Residential, Commercial, and Appliance UseView
18 days ago
100
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Frequently asked questions
Common questions about Shenzhen Megmeet Electrical Co., Ltd’s sustainability data and climate commitments
In 2023, Shenzhen Megmeet Electrical Co., Ltd. reported total greenhouse gas emissions of approximately 1,541,090,000 kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions, reflecting the company's comprehensive approach to tracking its environmental impact. The company's direct data reporting indicates a significant carbon footprint, with Scope 3 emissions constituting the largest portion. This data is crucial for understanding the company's overall environmental performance within the electrical machinery sector.
Data year: 2023
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