Shenzhen Megmeet Electrical Co., Ltd Sustainability Profile
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 55% 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 carbon 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 reflects a significant commitment to reducing greenhouse gas emissions across all scopes, with a focus on operational efficiency and sustainability. The company has set ambitious near-term targets, committing to a 50% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2023 as the baseline 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 recorded at approximately 975,130 kg CO2e for Scope 1, about 16,369,030 kg CO2e for Scope 2, and around 1,234,884,620 kg CO2e for Scope 3 in 2022, and approximately 789,780 kg CO2e for Scope 1, about 11,564,930 kg CO2e for Scope 2, and around 843,972,970 kg CO2e for Scope 3 in 2021. This data indicates a growing awareness and proactive approach towards climate commitments within the electrical equipment and machinery sector. Shenzhen Megmeet Electrical Co., Ltd. is not currently committed to a net-zero target but remains focused on its near-term reduction goals, demonstrating a clear trajectory towards improved environmental performance.
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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 |
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Shenzhen Megmeet Electrical Co., Ltd's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Shenzhen Megmeet Electrical Co., Ltd has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Common questions about Shenzhen Megmeet Electrical Co., Ltd's sustainability data and climate commitments