Mips Sustainability Profile
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 83% 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 carbon emissions of approximately 4,718,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for the majority at 4,718,000 kg CO2e. Scope 2 emissions were reported at about 52,400 kg CO2e (location-based), while Scope 1 emissions data was not disclosed. Mips has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using a 2020 baseline. This target has been validated by the Science Based Targets initiative (SBTi) and is aligned with the goal of limiting global warming to 1.5°C. Additionally, Mips is committed to achieving net zero emissions by 2050, focusing on measuring and reducing its Scope 3 emissions. In terms of recent achievements, Mips has successfully reduced greenhouse gas emissions per solution sold by approximately 43% since the 2021 base year, with a target to further reduce emissions per solution sold by 8% in 2024. Overall, Mips is actively working towards significant reductions in its carbon footprint while adhering to industry standards for climate action.
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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 | 13,027,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Mips's Industry?
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Mips's Scope 3 Categories Breakdown
Mips's Scope 3 emissions, which increased by 10% last year and decreased by approximately 64% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 89% of Scope 3 emissions.
Top Scope 3 Categories
Mips'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.
Mips 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.
Frequently Asked Questions
Common questions about Mips's sustainability data and climate commitments