Mips
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 31 is higher than 57% 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 2023, Mips AB reported total greenhouse gas emissions of approximately 4,432,000 kg CO2e, with emissions distributed across various scopes: 85,000 kg CO2e (Scope 1), 28,000 kg CO2e (Scope 2), and a significant 4,319,000 kg CO2e (Scope 3). This data reflects Mips's commitment to transparency in its environmental impact. Mips has set ambitious reduction targets, aiming to decrease its Scope 1 and Scope 2 emissions by 42% by 2030, using a 2020 baseline. Additionally, the company has committed to reducing emissions per solution sold by 8% in 2024. Notably, Mips has achieved a 43% reduction in greenhouse gas emissions per solution sold since 2021. Furthermore, Mips is dedicated to achieving net zero emissions by 2050, focusing on comprehensive strategies to address its Scope 3 emissions. These targets have been validated through the Science Based Targets initiative (SBTi), ensuring alignment with global climate goals. Overall, Mips's climate commitments and reduction initiatives demonstrate a proactive approach to mitigating its carbon footprint while contributing to broader sustainability efforts within the consumer durables sector.
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| 2023 | |
|---|---|
| Scope 1 | 85,000 |
| Scope 2 | 28,000 |
| Scope 3 | 4,321,000 |
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.
Mips 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.
