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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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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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
In 2024, the total Scope 1 emissions of HMS Networks were 122 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
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
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
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
In 2024, HMS Networks reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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.
In 2024, the largest contributors to HMS Networks's Scope 3 emissions were:a
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
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
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
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