The report highlights Midea Group's commitment to sustainable development across economic, social and environmental aspects. The company implemented a ""2+4+N"" global R&D network, invested RMB40 billion in R&D over the past five years, and advanced its strategic focus from ""Leading Products"" to ""Technology Leadership"". The company promoted transparency and collaboration throughout the industrial chain, established a social responsibility assessment and assurance system for suppliers, and implemented a comprehensive digitalization and intellectualization strategy. The report also outlines Midea's focus on green technologies and products, including the development of R290 eco-friendly air conditioners and the commitment to achieving peak carbon emissions and carbon neutrality. The company also emphasizes its dedication to employee care and diversity, promoting a culture of respect and inclusivity for all employees.
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Midea Group Co Ltd 2020 CSR Report
Issuing Company Midea Group Co., Ltd.
Report Type Sustainability Report
Report Language EN
Report Filesize 2.05 MB
No. of Pages 99 pages
Reporting periodJanuary 1, 2020-December 31, 2020
Report EditionUnknown
Assurance Provider Unknown
Reporting Standards GRI; CASS-CSR4.0
Materiality Assessmenttrue