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 75 is higher than 86% 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 about 4,718,000 kg CO2e. Scope 2 emissions were reported at approximately 52,400 kg CO2e (location-based) and 2,000 kg CO2e (market-based). The previous year, 2023, Mips' emissions were approximately 4,288,000 kg CO2e, with Scope 1 emissions at about 23,900 kg CO2e and Scope 2 emissions at approximately 37,700 kg CO2e (location-based). 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. Additionally, the company has a near-term target to reduce emissions per solution sold by 8% in 2024. Since 2021, Mips has successfully reduced greenhouse gas emissions per solution sold by approximately 43%. Furthermore, Mips is committed to achieving net zero emissions by 2050, focusing on measuring and reducing its Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Mips' commitment to sustainable practices within the consumer durables sector. The emissions data and reduction targets are sourced directly from Mips AB (publ), ensuring transparency and accountability in their climate strategy.
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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