Midea Group Co Ltd
Midea Group's GHG Emissions Data Preview
In 2023, 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 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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.  | 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 |
Verified Sources Behind Midea Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Midea Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Midea Group amounted to 2,298,311 metric 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 2022, the total operational greenhouse gas (GHG) emissions of Midea Group increased by 52.62%, suggesting that the company faced challenges in reducing its emissions from its core 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 2023, the total Scope 1 emissions of Midea Group were 1,017,606 metric tons of CO₂ equivalent (tCO₂e). a
Has Midea Group reduced its Scope 1 emissions over time?
Since 2021, Midea Group's Scope 1 emissions have increased by 644.29%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Midea Group's Scope 1 emissions increased by 686.4%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Midea Group's Scope 2 emissions?
In 2023, Midea Group reported Scope 2 greenhouse gas (GHG) emissions of 1,280,705 tCO₂e 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 decreased by 18.74%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Midea Group's Scope 2 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. a
What methodology does Midea Group use for Scope 2 reporting?
In 2023, 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 2023, Midea Group reported 4,960,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Midea Group includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Midea Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Midea Group's Scope 3 emissions?
In 2023, Midea Group reported total Scope 3 emissions of 4,960,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a
What categories of Scope 3 emissions does Midea Group disclose?
In 2023, Midea Group reported emissions for 1 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 2023, the largest contributors to Midea Group's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 4,960,000 tCO₂e (100%)
Midea Group's Scope 3 Emissions by Categories
Insights into Midea Group’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Midea Group reported Scope 1 greenhouse gas (GHG) emissions of 1,017,606 tCO₂e and total revenues of USD 52,583 millions. This translates into an emissions intensity of 19.35 tCO₂e 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 2023, Midea Group reported a Scope 1 emissions intensity of 19.35 tCO₂e per millions USD. Compared to the peer group median of 6.91 , 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 2023, Midea Group ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Midea Group among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into Midea Group's Total Carbon Footprint
In 2023, Midea Group reported a total carbon footprint of 7,258,311 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 382% increase compared to 2022, 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 68.34% of the company's total carbon footprint, followed by Scope 2 emissions at 17.64%. a