Midea Real Estate Holding Ltd

Common Name
Midea Real Estate Holding
Country
China (Mainland)
Sector
Real Estate
Industry
Real Estate - Development
Employees
9,213
Ticker
3990
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Midea Real Estate Holding Ltd. is a leading enterprise in the real estate sector, primarily engaged in property development and management. The company focuses on delivering high-quality residential, ...

Midea Real Estate Holding's GHG Emissions Data Preview

In 2023, Midea Real Estate Holding completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 2 (indirect emissions from purchased energy).

However, Midea Real Estate Holding has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Midea Real Estate Holding’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Midea Real Estate Holding’s data sources below and access millions more through our Disclosure Search.

a. Midea Real Estate Holding's ESG Report 2023
a. Midea Real Estate Holding's ESG Report 2023
b. Midea Real Estate Holding's ESG Report 2022
b. Midea Real Estate Holding's ESG Report 2022

Insights into Midea Real Estate Holding's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Midea Real Estate Holding amounted to 2,929.74 metric tons of CO2 equivalent. This figure reflects indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Midea Real Estate Holding decreased by 35.79%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

What are Midea Real Estate Holding's Scope 2 emissions?

In 2023, Midea Real Estate Holding reported Scope 2 greenhouse gas (GHG) emissions of 2,929.74 tCO₂e without specifying the calculation method. a

Has Midea Real Estate Holding reduced its Scope 2 emissions over time?

Since 2020, Midea Real Estate Holding's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 40.47%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Midea Real Estate Holding's Scope 2 emissions (Unspecified Calculation Method) fell by 35.79% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Midea Real Estate Holding use for Scope 2 reporting?

In 2023, Midea Real Estate Holding reported its Scope 2 emissions using an unspecified methodology. a

Midea Real Estate Holding's Scope 2 Emissions Over Time

202020212022202302.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Midea Real Estate Holding’s GHG Emissions Intensity Compared to Industry Peers

In 2021, Midea Real Estate Holding reported Scope 1 greenhouse gas (GHG) emissions of 69.47 tCO₂e and total revenues of USD 11,578 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a

Midea Real Estate Holding's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)ZGRCGCMCIFI Holdings (Group)Year: 2024Scope 1: 2,681 tCO2eRevenue: $M 7,161Scope 1 Intensity: 0.37 tCO2e/$MRedsun Properties GroupYear: 2023Scope 1: 67 tCO2eRevenue: $M 3,045Scope 1 Intensity: 0.02 tCO2e/$MZZZhongliang Holdings GroupYear: 2024Scope 1: 1,610 tCO2eRevenue: $M 5,946Scope 1 Intensity: 0.27 tCO2e/$MCountry Garden HoldingsYear: 2024Scope 1: 4,423 tCO2eRevenue: $M 37,803Scope 1 Intensity: 0.12 tCO2e/$MZhenro Properties GroupYear: 2022Scope 1: 363 tCO2eRevenue: $M 4,061Scope 1 Intensity: 0.09 tCO2e/$MGGGuangzhou R&F PropertiesYear: 2023Scope 1: 106,297 tCO2eRevenue: $M 5,577Scope 1 Intensity: 19.06 tCO2e/$MGemdaleYear: 2022Scope 1: 9,166 tCO2eRevenue: $M 17,265Scope 1 Intensity: 0.53 tCO2e/$MChina SCE Group HoldingsYear: 2024Scope 1: 272 tCO2eRevenue: $M 6,115Scope 1 Intensity: 0.04 tCO2e/$MSino-Ocean Group HoldingYear: 2024Scope 1: 18,802 tCO2eRevenue: $M 3,537Scope 1 Intensity: 5.32 tCO2e/$MRRRedco Properties GroupYear: 2023Scope 1: 165 tCO2eRevenue: $M 820Scope 1 Intensity: 0.20 tCO2e/$MChina Aoyuan GroupYear: 2023Scope 1: 104 tCO2eRevenue: $M 4,226Scope 1 Intensity: 0.02 tCO2e/$MSeazen HoldingsYear: 2023Scope 1: 43,527 tCO2eRevenue: $M 16,769Scope 1 Intensity: 2.60 tCO2e/$MShui On Land LtdYear: 2024Scope 1: 9,867 tCO2eRevenue: $M 1,225Scope 1 Intensity: 8.06 tCO2e/$MSeazen GroupYear: 2023Scope 1: 43,527 tCO2eRevenue: $M 18,384Scope 1 Intensity: 2.37 tCO2e/$MSunac China HoldingsYear: 2024Scope 1: 32,396 tCO2eRevenue: $M 11,047Scope 1 Intensity: 2.93 tCO2e/$MCCCentral China Real EstateYear: 2023Scope 1: 126 tCO2eRevenue: $M 2,965Scope 1 Intensity: 0.04 tCO2e/$MKaisa Group HoldingsYear: 2023Scope 1: 1 tCO2eRevenue: $M 4,133Scope 1 Intensity: 0.00 tCO2e/$MPoly Developments and Holdings GroupYear: 2023Scope 1: 7,983 tCO2eRevenue: $M 48,796Scope 1 Intensity: 0.16 tCO2e/$MGreentown China HoldingsYear: 2024Scope 1: 596 tCO2eRevenue: $M 23,642Scope 1 Intensity: 0.03 tCO2e/$MGGGreenland Hong Kong HoldingsYear: 2024Scope 1: 1,083 tCO2eRevenue: $M 2,289Scope 1 Intensity: 0.47 tCO2e/$MCCChina Merchants ShekouYear: 2023Scope 1: 81,499 tCO2eRevenue: $M 24,624Scope 1 Intensity: 3.31 tCO2e/$MYuzhou Group HoldingsYear: 2023Scope 1: 75 tCO2eRevenue: $M 3,303Scope 1 Intensity: 0.02 tCO2e/$MPowerlongYear: 2024Scope 1: 11,404 tCO2eRevenue: $M 3,860Scope 1 Intensity: 2.95 tCO2e/$MMMMidea Real Estate HoldingYear: 2021Scope 1: 69 tCO2eRevenue: $M 11,578Scope 1 Intensity: 0.01 tCO2e/$M

How does Midea Real Estate Holding's GHG emissions intensity compare to its peers?

In 2021, Midea Real Estate Holding reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 0.27 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Midea Real Estate Holding rank on GHG emissions intensity within its industry?

In 2021, Midea Real Estate Holding ranked 2 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Midea Real Estate Holding among the top performers, with one of the lowest emissions intensities relative to peers. a

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