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Midea Group Co Ltd
Midea Group's GHG Emissions Data Preview
In 2024, Midea Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Midea Group has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Midea Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Midea Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofMidea Group amounted to2,203,472metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Midea Groupdecreased by 4.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Midea Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Midea Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Midea Group were 681,036 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Midea Group reduced its Scope 1 emissions over time?
Since 2021, Midea Group's Scope 1 emissions have increased by 398.12%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Midea Group's Scope 1 emissions decreased by 33.07%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Midea Group's Scope 2 emissions?
In 2024, Midea Group reported Scope 2 greenhouse gas (GHG) emissions of 1,522,436 tCOâ‚‚e without specifying the calculation method.a
Has Midea Group reduced its Scope 2 emissions over time?
Since 2021, Midea Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have remained relatively stable, indicating that Midea Group's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year(2023), Midea Group's Scope 2 emissions(Unspecified Calculation Method) rose by 18.87% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Midea Group use for Scope 2 reporting?
In 2024, Midea Group reported its Scope 2 emissions using an unspecified methodology.a
Midea Group's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Midea Group's Value Chain Emissions
In 2024, Midea Group reported 196,247,729 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Midea Group includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Midea Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Midea Group's Scope 3 emissions?
In 2024, Midea Group reported total Scope 3 emissions of 196,247,729 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 5.01%of these emissions originated from upstream activities such as purchased goods and capital goods, while 94.99%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Midea Group's Scope 3 emissions increased by 3,856.61%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Midea Group disclose?
In 2024, Midea Group reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Midea Group's Scope 3 emissions?
In 2024, the largest contributors to Midea Group's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 186,411,900 tCOâ‚‚e(94.99%)
- Purchased Goods and Services (Cat. 1): 8,494,973 tCOâ‚‚e(4.33%)
- Upstream Transportation and Distribution (Cat. 4): 1,340,856 tCOâ‚‚e(0.68%)
Midea Group's Scope 3 Emissions by Categories
Insights into Midea Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Midea Group reported Scope 1 greenhouse gas (GHG) emissions of 681,036 tCOâ‚‚e and total revenues of USD 56,054 millions. This translates into an emissions intensity of 12.15 tCOâ‚‚e per millions USD.a
Midea Group's Scope 1 Emissions Intensity Compared to Peers
How does Midea Group's GHG emissions intensity compare to its peers?
In 2024, Midea Group reported a Scope 1 emissions intensity of 12.15 tCOâ‚‚e per millions USD. Compared to the peer group median of 8.45, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Midea Group rank on GHG emissions intensity within its industry?
In 2024, Midea Group ranked 17 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Midea Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Midea Group's Total Carbon Footprint
In 2024, Midea Group reported a total carbon footprint of 198,451,201 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2,634.12% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Midea Group's total carbon footprint was Scope 3 emissions, accounting for 98.89% of the company's total carbon footprint, followed by Scope 2 emissions at 0.77%.a