In 2024, Hanon Systems completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Hanon Systems has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 52,321a | 49,346a | 47,221a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 180,304a | 207,428a | 220,172a | |
Total Scope 3 | 3,242,418a | 3,166,614a | 2,043,581a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 7.6785a | 6.5963a | 6.8976a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hanon Systems amounted to 232,625 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hanon Systems decreased by 9.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Hanon Systems were 52,321 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Hanon Systems's Scope 1 emissions have increased by 6.7%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hanon Systems's Scope 1 emissions increased by 6.03%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Hanon Systems reported Scope 2 greenhouse gas (GHG) emissions of 180,304 tCO₂e without specifying the calculation method.a
Since 2020, Hanon Systems's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 18.2%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Hanon Systems's Scope 2 emissions (Unspecified Calculation Method) fell by 13.08% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Hanon Systems reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Hanon Systems reported 3,242,418 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hanon Systems includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Hanon Systems reported total Scope 3 emissions of 3,242,418 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Hanon Systems's Scope 3 emissions have increased by 83.77%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Hanon Systems's Scope 3 emissions remained relatively stable, indicating that Hanon Systems's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Hanon Systems reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Hanon Systems's Scope 3 emissions were:a
In 2024, Hanon Systems reported Scope 1 greenhouse gas (GHG) emissions of 52,321 tCO₂e and total revenues of USD 6,814 millions. This translates into an emissions intensity of 7.68 tCO₂e per millions USD.a
In 2024, Hanon Systems reported a Scope 1 emissions intensity of 7.68 tCO₂e per millions USD. Compared to the peer group median of 11.76, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hanon Systems ranked 11 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hanon Systems is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Hanon Systems reported a total carbon footprint of 3,475,043 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.51% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hanon Systems's total carbon footprint was Scope 3 emissions, accounting for 93.31% of the company's total carbon footprint, followed by Scope 2 emissions at 5.19%.a