Hexagon AB
Carbon footprint
Primary Climate Goal
Hexagon AB aims to achieve carbon neutrality for Scope 1 + 2 by 2030
Secondary Climate Goal
Hexagon AB aims to achieve carbon neutrality for all Scopes by 2050
GHG emissions and Carbon intensity
Hexagon AB reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 28 Kt (+4.1/+17% y-o-y). Carbon intensity also remained unchnaged at 5.5 t.
Hexagon AB's Scope 3 emissions grew to 17 Kt (
The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -3.2 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Also, the company commits to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -1.6 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Hexagon AB aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.