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Hiab's GHG Emissions Data Preview
In 2024, Hiab 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).
Hiab 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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
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cVerified Sources Behind Hiab’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 Hiab’s data sources below and access millions more through our Disclosure Search.
Insights into Hiab's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHiab amounted to23,461metric 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 Hiabincreased by 40.22%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Hiab's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hiab's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hiab were 13,627 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Hiab reduced its Scope 1 emissions over time?
Since 2019, Hiab's Scope 1 emissions have decreased by 38.06%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Hiab's Scope 1 emissions increased by 24.95%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Hiab's Scope 2 emissions?
In 2024, Hiab reported Scope 2 greenhouse gas (GHG) emissions of 4,719 tCOâ‚‚e using the market-based method and 9,834 tCOâ‚‚e using the location-based method.a
Has Hiab reduced its Scope 2 emissions over time?
Since 2019, Hiab's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 65.13%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Hiab's Scope 2 emissions(Location-Based) rose by 68.8% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Hiab use for Scope 2 reporting?
In 2024, Hiab reported its Scope 2 emissions using the market-based method and using the location-based method.a
Hiab's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Hiab's Value Chain Emissions
In 2024, Hiab reported 3,402,350 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hiab includes a breakdown across 4of 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
Hiab's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hiab's Scope 3 emissions?
In 2024, Hiab reported total Scope 3 emissions of 3,402,350 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 30.7%of these emissions originated from upstream activities such as purchased goods and capital goods, while 69.3%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Hiab reduced its Scope 3 emissions over time?
Since 2019, Hiab's Scope 3 emissionshave decreased by 40.13%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Hiab's Scope 3 emissions increased by 147.92%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Hiab disclose?
In 2024, Hiab 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.
What are the main sources of Hiab's Scope 3 emissions?
In 2024, the largest contributors to Hiab's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 2,299,802 tCOâ‚‚e(69.3%)
- Purchased Goods and Services (Cat. 1): 1,001,891 tCOâ‚‚e(30.19%)
- Fuel- and Energy-Related Services (Cat. 3): 10,419 tCOâ‚‚e(0.31%)
Hiab's Scope 3 Emissions by Categories
Insights into Hiab’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hiab reported Scope 1 greenhouse gas (GHG) emissions of 13,627 tCOâ‚‚e and total revenues of USD 1,714 millions. This translates into an emissions intensity of 7.95 tCOâ‚‚e per millions USD.a
Hiab's Scope 1 Emissions Intensity Compared to Peers
How does Hiab's GHG emissions intensity compare to its peers?
In 2024, Hiab reported a Scope 1 emissions intensity of 7.95 tCOâ‚‚e per millions USD. Compared to the peer group median of 6.72, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Hiab rank on GHG emissions intensity within its industry?
In 2024, Hiab ranked 13 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Hiab is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Hiab's Total Carbon Footprint
In 2024, Hiab reported a total carbon footprint of 3,425,811 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 146.62% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hiab's total carbon footprint was Scope 3 emissions, accounting for 99.32% of the company's total carbon footprint, followed by Scope 1 emissions at 0.4%.a