Hiab Oyj

Common Name
Hiab
Country
Finland
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Employees
4,092
Ticker
HIAB
Exchange
NASDAQ HELSINKI LTD
Description
Hiab Oyj provides smart and on road load-handling solutions and services in Finland. The company provides loader cranes under the HIAB brand; forestry cranes under the LOGLIFT and JONSERED brand names...

Hiab's GHG Emissions Data Preview

In 2023, 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)2023202220212020 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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b
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b
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b
0000000
Total Scope 3
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a
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b
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a
0000000
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Verified 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.

a. Hiab's Annual Report 2023
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b. Hiab's GRI Report 2023
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Insights into Hiab's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hiab amounted to 42,200 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 b

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Hiab increased by 4.2%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Hiab's Scope 1 Emissions Over Time

2019202020212022202306.5 k13 k19.5 k26 ktCO2e-3%0%+17%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Hiab's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hiab were 24,400 metric tons of CO₂ equivalent (tCO₂e). a

Has Hiab reduced its Scope 1 emissions over time?

Since 2019, Hiab's Scope 1 emissions have increased by 10.91%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Hiab's Scope 1 emissions decreased by 2.01%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Hiab's Scope 2 emissions?

In 2023, Hiab reported Scope 2 greenhouse gas (GHG) emissions of 9,500 tCO₂e using the market-based method and 17,800 tCO₂e using the location-based method. a b

Has Hiab reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Hiab's Scope 2 emissions (Location-Based) rose by 14.1% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy b

What methodology does Hiab use for Scope 2 reporting?

In 2023, Hiab reported its Scope 2 emissions using the market-based method and using the location-based method. a b

Hiab's Scope 2 Emissions Over Time

2019202020212022202307.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hiab's Value Chain Emissions

In 2023, Hiab reported 6,486,600 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 2023 disclosure of Hiab includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Hiab's Scope 3 Emissions Over Time

2019202020212022202302 M4 M6 M8 MtCO2e-14%+10%+12%+4%
  • Total Scope 3
  • Year-over-Year Change

What are Hiab's Scope 3 emissions?

In 2023, Hiab reported total Scope 3 emissions of 6,486,600 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 33.32% of these emissions originated from upstream activities such as purchased goods and capital goods, while 66.68% 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 emissions have remained relatively stable, indicating that Hiab 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2022), Hiab's Scope 3 emissions remained relatively stable, indicating that Hiab 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Hiab disclose?

In 2023, Hiab reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. b

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 2023, the largest contributors to Hiab's Scope 3 emissions were: b

  • Use of Sold Products (Cat. 11): 4,194,500 tCO₂e (66.68%)
  • Purchased Goods and Services (Cat. 1): 2,072,800 tCO₂e (32.95%)
  • Fuel- and Energy-Related Services (Cat. 3): 14,600 tCO₂e (0.23%)

Hiab's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(33.0%)Use of Sold Products(Cat. 11)(66.7%)

Insights into Hiab's Total Carbon Footprint

In 2023, Hiab reported a total carbon footprint of 6,528,800 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.28% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Hiab's total carbon footprint was Scope 3 emissions, accounting for 99.35% of the company's total carbon footprint, followed by Scope 1 emissions at 0.37%. a

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