Midea Group Gets Recognised for Sustainable Efforts

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by KnowESG
KnowESG_Midea Group
Picture of Midea Group's employees pose for a group photo.

Forbes recently published its "2022 Forbes China Top 50 Sustainable Development Industrial Enterprises" list, which included Midea Group for its exceptional achievements in areas such as green manufacturing, sustainable development, carbon neutrality, and ESG construction.

The evaluation process centred on five dimensions, namely "management system, technological innovation, comprehensive benefits, resource allocation, and demonstration & promotion." This year's honorees were limited to industrial enterprises that have been in existence for at least a decade and generated over RMB 100 billion in annual revenue, with around a 50% year-on-year increase in R&D investment. These companies exhibit superior qualities compared to their global peers, with advanced technologies that rank among the world's best.

Midea has spent 25 years improving its system for managing sustainable development. This system involves putting sustainable development principles into almost every part of production and operation. This is in line with the company's objective to deliver shared value to its stakeholders.

Midea Shunde Industrial Park has put in place several green technologies, such as distributed PV systems, energy storage equipment, high-efficiency HVAC equipment (like MDV8 multi-connected units), LINVOL digital intelligent elevators, energy recovery modules, and automated production lines.

These technologies have enabled the Industrial Park to establish an eco-friendly office and low-cost carbon production, resulting in LEED and WELL certifications. Midea Shunde Industrial Park has made its carbon management system and power grid system work together using the iBUILDING digital platform. This has made the office area carbon neutral.

At the moment, the Midea Chongqing Factory uses more than 15 green and energy-saving technologies, 8 digital scene applications, 3 green certifications and consultations, and more than 10 information systems. The Factory has made significant strides in its use of clean energy and green electricity by installing roof PV panels, photovoltaic curtain walls, and solar street lights. The Midea Chongqing Factory has received the PAS2060 carbon neutral certificate, making it one of Midea's initial zero-carbon pilot plants.

Midea Jingzhou Factory has devised a four-stage zero-carbon plan that encompasses planning & design, construction, operation, and transformation. The plant has leveraged cutting-edge carbon consulting to select crucial zero-carbon solutions and secure green and zero-carbon certifications. By optimising its energy usage and management, the Midea Jingzhou Factory expects to reduce operation and maintenance costs by 30% and lower power consumption by 5-20%, thus reducing its carbon footprint.

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Source: BUSINESS WIRE

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