- Reduced sales within the bike sub-category due to challenging market conditions (high inventory levels, high inflation, high interest rates).
- Geopolitical uncertainty in the supply chain (primarily China).
- Risk of non-compliance with various regulations.
- Dependence on a few large customers.
- Attracting and retaining employees with the right skills.
- Product liability and legal risks.
- Currency fluctuations affecting earnings.
Mips AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Mips AB (publ) disclosed greenhouse gas emissions of 4.4K tCO2e/year. By scope: Scope 1: 85 tCO2e/year; Scope 2: 28 tCO2e/year; Scope 3: 4.3K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
4.4K tCO2e/year
2023
Renewable Energy
100% in Sweden, 0% in China (climate compensated)
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 85 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 28 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 4.3K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 4.4K tCO2e/year |
| 2021 | 9.4K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced emissions per solution sold by an average of around 21 percent.
- Expanded Mips’ range of solutions made from recycled material; offering all customers a recycled polycarbonate alternative in the company’s most sold safety solution.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce emissions per solution sold by an average of 8% by 2024.
- Increase the content of recycled material used in Mips’ solutions by at least 10% by 2024.
📅 Medium-term
- Reduce total emissions by 42 percent by the end of 2030 (based on 2021 baseline).
🌱 ESG Focus Areas
Climate ChangeCircular EconomySupply Chain SustainabilityEmployee Well-beingHelmet Safety