Hexagon AB
Hexagon's GHG Emissions Data Preview
In 2024, Hexagon 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).
Hexagon has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
a
a
a
a
a
a
a
a
a
aVerified Sources Behind Hexagon’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hexagon’s data sources below and access millions more through our Disclosure Search.
Insights into Hexagon's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Hexagon amounted to 43,773.8 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 Hexagon decreased by 10.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Hexagon's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hexagon's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hexagon were 13,832.3 metric tons of CO₂ equivalent (tCO₂e).a
Has Hexagon reduced its Scope 1 emissions over time?
Since 2021, Hexagon's Scope 1 emissions have increased by 68.17%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hexagon's Scope 1 emissions decreased by 10.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Hexagon's Scope 2 emissions?
In 2024, Hexagon reported Scope 2 greenhouse gas (GHG) emissions of 29,697.5 tCO₂e using the market-based method and 29,941.5 tCO₂e using the location-based method.a
Has Hexagon reduced its Scope 2 emissions over time?
Since 2021, Hexagon's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 48.54%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Hexagon's Scope 2 emissions (Location-Based) fell by 10.39% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Hexagon use for Scope 2 reporting?
In 2024, Hexagon reported its Scope 2 emissions using the market-based method and using the location-based method.a
Hexagon's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Hexagon's Value Chain Emissions
In 2024, Hexagon reported 355,362 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 Hexagon includes a breakdown across 10 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
Hexagon's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hexagon's Scope 3 emissions?
In 2024, Hexagon reported total Scope 3 emissions of 355,362 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 83.69% of these emissions originated from upstream activities such as purchased goods and capital goods, while 16.31% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Hexagon reduced its Scope 3 emissions over time?
Since 2021, Hexagon's Scope 3 emissions have increased by 1,886.93%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Hexagon's Scope 3 emissions remained relatively stable, indicating that Hexagon's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Hexagon disclose?
In 2024, Hexagon reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Hexagon's Scope 3 emissions?
In 2024, the largest contributors to Hexagon's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 177,628 tCO₂e (50%)
- Use of Sold Products (Cat. 11): 57,782 tCO₂e (16.27%)
- Business Travel (Cat. 6): 36,535 tCO₂e (10.28%)
Hexagon's Scope 3 Emissions by Categories
Insights into Hexagon’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hexagon reported Scope 1 greenhouse gas (GHG) emissions of 13,832.3 tCO₂e and total revenues of USD 62,732 millions. This translates into an emissions intensity of 0.22 tCO₂e per millions USD.a
Hexagon's Scope 1 Emissions Intensity Compared to Peers
How does Hexagon's GHG emissions intensity compare to its peers?
In 2024, Hexagon reported a Scope 1 emissions intensity of 0.22 tCO₂e per millions USD. Compared to the peer group median of 2.52, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Hexagon rank on GHG emissions intensity within its industry?
In 2024, Hexagon ranked 2 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Hexagon among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Hexagon's Total Carbon Footprint
In 2024, Hexagon reported a total carbon footprint of 399,135.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.92% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hexagon's total carbon footprint was Scope 3 emissions, accounting for 89.03% of the company's total carbon footprint, followed by Scope 2 emissions at 7.5%.a