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HMS Networks AB

Common Name
HMS Networks
Country
Sweden
Sector
Technology
Industry
Communication Equipment
Employees
1,100
Ticker
HMS
Exchange
NASDAQ STOCKHOLM AB
Description
HMS Networks AB is a leading supplier in the industrial information technology space, specializing in solutions that enable communication between various industrial equipment and systems. With a focus...

HMS Networks's GHG Emissions Data Preview

In 2024, HMS Networks 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).

HMS Networks 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)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
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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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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a
0000000
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Verified Sources Behind HMS Networks’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 HMS Networks’s data sources below and access millions more through our Disclosure Search.

a. HMS Networks's Annual Report 2024
a. HMS Networks's Annual Report 2024
b. HMS Networks's Annual Report 2023
b. HMS Networks's Annual Report 2023

Insights into HMS Networks's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofHMS Networks amounted to1,429metric 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 HMS Networksincreased by 3.1%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

HMS Networks's Scope 1 Emissions Over Time

2020202120222023202404590135180tCO2e+68%-2%+8%-28%
  • Total Scope 1
  • Year-over-Year Change

What are HMS Networks's Scope 1 emissions?

In 2024, the total Scope 1 emissions of HMS Networks were 122 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has HMS Networks reduced its Scope 1 emissions over time?

Since 2020, HMS Networks's Scope 1 emissions have increased by 27.08%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), HMS Networks's Scope 1 emissions decreased by 28.24%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are HMS Networks's Scope 2 emissions?

In 2024, HMS Networks reported Scope 2 greenhouse gas (GHG) emissions of 668 tCOâ‚‚e using the market-based method and 1,307 tCOâ‚‚e using the location-based method.a

Has HMS Networks reduced its Scope 2 emissions over time?

Since 2020, HMS Networks's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 382.29%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), HMS Networks's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that HMS Networks's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does HMS Networks use for Scope 2 reporting?

In 2024, HMS Networks reported its Scope 2 emissions using the market-based method and using the location-based method.a

HMS Networks's Scope 2 Emissions Over Time

2020202120222023202403507001.05 k1.4 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into HMS Networks's Value Chain Emissions

In 2024, HMS Networks reported 60,136 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 HMS Networks includes a breakdown across 10of 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

HMS Networks's Scope 3 Emissions Over Time

202220232024025 k50 k75 k100 ktCO2e+16%-27%
  • Total Scope 3
  • Year-over-Year Change

What are HMS Networks's Scope 3 emissions?

In 2024, HMS Networks reported total Scope 3 emissions of 60,136 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 37.69%of these emissions originated from upstream activities such as purchased goods and capital goods, while 62.31%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), HMS Networks's Scope 3 emissions decreased by 26.82%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does HMS Networks disclose?

In 2024, HMS Networks 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 HMS Networks's Scope 3 emissions?

In 2024, the largest contributors to HMS Networks's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 37,445 tCOâ‚‚e(62.27%)
  • Purchased Goods and Services (Cat. 1): 17,917 tCOâ‚‚e(29.79%)
  • Capital Goods (Cat. 2): 1,552 tCOâ‚‚e(2.58%)

HMS Networks's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(29.8%)Use of Sold Products(Cat. 11)(62.3%)Capital Goods(Cat. 2)(2.6%)

Insights into HMS Networks’s GHG Emissions Intensity Compared to Industry Peers

In 2024, HMS Networks reported Scope 1 greenhouse gas (GHG) emissions of 122 tCOâ‚‚e and total revenues of USD 278 millions. This translates into an emissions intensity of 0.44 tCOâ‚‚e per millions USD.a

HMS Networks's Scope 1 Emissions Intensity Compared to Peers

102002,00020,000500,000Scope 1 Emissions (tCO2e)202002,00020,000200,000Revenues (Millions of USD)HEZSHAInvisioYear: 2023Scope 1: 25 tCO2eRevenue: $M 123Scope 1 Intensity: 0.20 tCO2e/$MTelesteYear: 2024Scope 1: 126 tCO2eRevenue: $M 138Scope 1 Intensity: 0.91 tCO2e/$MU Blox HoldingYear: 2024Scope 1: 215 tCO2eRevenue: $M 290Scope 1 Intensity: 0.74 tCO2e/$MITIYear: 2023Scope 1: 3,305 tCO2eRevenue: $M 170Scope 1 Intensity: 19.45 tCO2e/$MCyberTAN TechnologyYear: 2023Scope 1: 227 tCO2eRevenue: $M 124Scope 1 Intensity: 1.83 tCO2e/$MWingtech TechnologyYear: 2024Scope 1: 110,864 tCO2eRevenue: $M 10,085Scope 1 Intensity: 10.99 tCO2e/$MEkinopsYear: 2024Scope 1: 210 tCO2eRevenue: $M 122Scope 1 Intensity: 1.72 tCO2e/$MHHHengtong Optic-ElectricYear: 2024Scope 1: 92,377 tCO2eRevenue: $M 8,219Scope 1 Intensity: 11.24 tCO2e/$MYealinkYear: 2024Scope 1: 256 tCO2eRevenue: $M 770Scope 1 Intensity: 0.33 tCO2e/$MCisco SystemsYear: 2024Scope 1: 33,683 tCO2eRevenue: $M 53,807Scope 1 Intensity: 0.63 tCO2e/$MWNCYear: 2024Scope 1: 2,265 tCO2eRevenue: $M 3,365Scope 1 Intensity: 0.67 tCO2e/$MEvs Broadcast EquipmentYear: 2024Scope 1: 881 tCO2eRevenue: $M 206Scope 1 Intensity: 4.28 tCO2e/$MCienaYear: 2024Scope 1: 1,709 tCO2eRevenue: $M 4,015Scope 1 Intensity: 0.43 tCO2e/$MTelefonaktiebolaget LM EricssonYear: 2024Scope 1: 17,340 tCO2eRevenue: $M 22,493Scope 1 Intensity: 0.77 tCO2e/$MAdtran NetworksYear: 2023Scope 1: 809 tCO2eRevenue: $M 679Scope 1 Intensity: 1.19 tCO2e/$MEEEpendionYear: 2024Scope 1: 135 tCO2eRevenue: $M 205Scope 1 Intensity: 0.66 tCO2e/$MADTRAN HoldingsYear: 2024Scope 1: 695 tCO2eRevenue: $M 923Scope 1 Intensity: 0.75 tCO2e/$MDoroYear: 2024Scope 1: 58 tCO2eRevenue: $M 80Scope 1 Intensity: 0.73 tCO2e/$MSterlite TechnologiesYear: 2023Scope 1: 8,913 tCO2eRevenue: $M 827Scope 1 Intensity: 10.78 tCO2e/$MZZZyxel GroupYear: 2023Scope 1: 1,307 tCO2eRevenue: $M 990Scope 1 Intensity: 1.32 tCO2e/$MSSSuzhou TFC Optical CommunicationYear: 2024Scope 1: 385 tCO2eRevenue: $M 446Scope 1 Intensity: 0.87 tCO2e/$MHHHaige CommunicationsYear: 2023Scope 1: 391 tCO2eRevenue: $M 907Scope 1 Intensity: 0.43 tCO2e/$MArcadyan TechnologyYear: 2024Scope 1: 316 tCO2eRevenue: $M 1,495Scope 1 Intensity: 0.21 tCO2e/$MAAAlcadon GroupYear: 2024Scope 1: 161 tCO2eRevenue: $M 146Scope 1 Intensity: 1.11 tCO2e/$MOki Electric IndustryYear: 2023Scope 1: 8,100 tCO2eRevenue: $M 2,771Scope 1 Intensity: 2.92 tCO2e/$MHMS NetworksYear: 2024Scope 1: 122 tCO2eRevenue: $M 278Scope 1 Intensity: 0.44 tCO2e/$M

How does HMS Networks's GHG emissions intensity compare to its peers?

In 2024, HMS Networks reported a Scope 1 emissions intensity of 0.44 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.87, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does HMS Networks rank on GHG emissions intensity within its industry?

In 2024, HMS Networks ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

HMS Networks is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into HMS Networks's Total Carbon Footprint

In 2024, HMS Networks reported a total carbon footprint of 61,565 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.33% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to HMS Networks's total carbon footprint was Scope 3 emissions, accounting for 97.68% of the company's total carbon footprint, followed by Scope 2 emissions at 2.12%.a

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