Manufacturer household electrical appliances
Established 1968, it was China's biggest home appliance brand in 2015. Manufactures in China, Belarus, India, Argentina, Brazil, Egypt and Vietnam. Midea bought a majority stake in Toshiba Home Appliances in 2016.
|Midea Group Co Ltd||CHN||website|
|Midea Group Co Ltd|
This company received a score of 7.78/100 (retrieved 10-Nov-2022) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2022)
This company received a score of 10/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of D.
Source: CDP (2022)
The Poisonous Pearl is a 2016 report by Good Electronics which focuses on the experiences of (former) workers in the electronics industry in China who are victims of chemical poisoning. The health of all the workers in the report was damaged by exposure to hazardous chemicals such as benzene and n-hexane. All were working in large or small factories in the Pearl River Delta-region of China, an area well known as being a global hub for the production of consumer electronics (ICT). This company is supplied by factories in the region.
Source: SOMO (2016)
|Revenue||53 billion USD (2021)|
|Subsidiaries||Toshiba Lifestyle Products & Services Corporation (80% owned)
Home appliances business
This is Toshiba's home appliances division, which Chinese giant Midea acquired an 80% stake of in 2016, including a license to use the Toshiba brand worldwide for 40 years.
Midea Home Appliances Australia Pty Ltd
Midea opened its Australian office in 2019.
|Address||Foshan, Guangdong, China|
Products / BrandsMidea Appliances Australia
Midea Air Conditioners