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 2023, 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 2023
a. HMS Networks's Annual Report 2023

Insights into HMS Networks's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of HMS Networks amounted to 695 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 2022, the total operational greenhouse gas (GHG) emissions of HMS Networks increased by 17.8%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

HMS Networks's Scope 1 Emissions Over Time

2020202120222023075150225300tCO2e+68%+42%+29%
  • Total Scope 1
  • Year-over-Year Change

What are HMS Networks's Scope 1 emissions?

In 2023, the total Scope 1 emissions of HMS Networks were 295 metric tons of CO₂ equivalent (tCO₂e). a

Has HMS Networks reduced its Scope 1 emissions over time?

Since 2020, HMS Networks's Scope 1 emissions have increased by 207.29%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), HMS Networks's Scope 1 emissions increased by 28.82%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are HMS Networks's Scope 2 emissions?

In 2023, HMS Networks reported Scope 2 greenhouse gas (GHG) emissions of 312 tCO₂e using the market-based method and 400 tCO₂e 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 47.6%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), HMS Networks's Scope 2 emissions (Location-Based) rose by 10.8% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does HMS Networks use for Scope 2 reporting?

In 2023, 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

20202021202220230100200300400tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into HMS Networks's Value Chain Emissions

In 2023, HMS Networks reported 82,378 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 HMS Networks includes a breakdown across 10 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

HMS Networks's Scope 3 Emissions Over Time

20222023025 k50 k75 k100 ktCO2e+8%
  • Total Scope 3
  • Year-over-Year Change

What are HMS Networks's Scope 3 emissions?

In 2023, HMS Networks reported total Scope 3 emissions of 82,378 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 39.2% of these emissions originated from upstream activities such as purchased goods and capital goods, while 60.8% came from downstream activities like product use, distribution, and end-of-life treatment. a

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

What categories of Scope 3 emissions does HMS Networks disclose?

In 2023, 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 2023, the largest contributors to HMS Networks's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 50,000 tCO₂e (60.7%)
  • Purchased Goods and Services (Cat. 1): 23,325 tCO₂e (28.31%)
  • Capital Goods (Cat. 2): 4,503 tCO₂e (5.47%)

HMS Networks's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(5.5%)Use of Sold Products(Cat. 11)(60.7%)Purchased Goods andServices (Cat. 1)(28.3%)

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

In 2023, HMS Networks reported Scope 1 greenhouse gas (GHG) emissions of 295 tCO₂e and total revenues of USD 300 millions. This translates into an emissions intensity of 0.98 tCO₂e per millions USD. a

HMS Networks's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000100,000Scope 1 Emissions (tCO2e)502002,00010,00050,000Revenues (Millions of USD)ZZHEutelsat CommunicationsYear: 2023Scope 1: 340 tCO2eRevenue: $M 1,229Scope 1 Intensity: 0.28 tCO2e/$MInvisioYear: 2023Scope 1: 25 tCO2eRevenue: $M 123Scope 1 Intensity: 0.20 tCO2e/$MTelesteYear: 2023Scope 1: 261 tCO2eRevenue: $M 168Scope 1 Intensity: 1.56 tCO2e/$MU Blox HoldingYear: 2024Scope 1: 215 tCO2eRevenue: $M 290Scope 1 Intensity: 0.74 tCO2e/$MCyberTAN TechnologyYear: 2023Scope 1: 227 tCO2eRevenue: $M 124Scope 1 Intensity: 1.83 tCO2e/$MEkinopsYear: 2024Scope 1: 210 tCO2eRevenue: $M 122Scope 1 Intensity: 1.72 tCO2e/$MTelefonaktiebolaget LM EricssonYear: 2024Scope 1: 17,340 tCO2eRevenue: $M 22,493Scope 1 Intensity: 0.77 tCO2e/$MAdtran NetworksYear: 2023Scope 1: 809 tCO2eRevenue: $M 679Scope 1 Intensity: 1.19 tCO2e/$MADTRAN HoldingsYear: 2024Scope 1: 695 tCO2eRevenue: $M 923Scope 1 Intensity: 0.75 tCO2e/$MViavi SolutionsYear: 2023Scope 1: 988 tCO2eRevenue: $M 1,106Scope 1 Intensity: 0.89 tCO2e/$MZebra TechnologiesYear: 2023Scope 1: 2,614 tCO2eRevenue: $M 4,584Scope 1 Intensity: 0.57 tCO2e/$MLumentum HoldingsYear: 2024Scope 1: 8,715 tCO2eRevenue: $M 1,359Scope 1 Intensity: 6.41 tCO2e/$MSterlite TechnologiesYear: 2023Scope 1: 8,913 tCO2eRevenue: $M 827Scope 1 Intensity: 10.78 tCO2e/$MViasatYear: 2023Scope 1: 2,751 tCO2eRevenue: $M 2,556Scope 1 Intensity: 1.08 tCO2e/$MRtxYear: 2023Scope 1: 24 tCO2eRevenue: $M 111Scope 1 Intensity: 0.22 tCO2e/$MZZZyxel GroupYear: 2023Scope 1: 1,307 tCO2eRevenue: $M 990Scope 1 Intensity: 1.32 tCO2e/$MCommScope HoldingYear: 2023Scope 1: 42,381 tCO2eRevenue: $M 5,789Scope 1 Intensity: 7.32 tCO2e/$MZZZhongji InnolightYear: 2023Scope 1: 1,088 tCO2eRevenue: $M 1,508Scope 1 Intensity: 0.72 tCO2e/$MYOFCYear: 2024Scope 1: 36,012 tCO2eRevenue: $M 1,671Scope 1 Intensity: 21.55 tCO2e/$MHuber+SuhnerYear: 2024Scope 1: 3,150 tCO2eRevenue: $M 987Scope 1 Intensity: 3.19 tCO2e/$MTejas NetworksYear: 2024Scope 1: 720 tCO2eRevenue: $M 278Scope 1 Intensity: 2.60 tCO2e/$MVtech HoldingsYear: 2024Scope 1: 3,604 tCO2eRevenue: $M 16,724Scope 1 Intensity: 0.22 tCO2e/$MHHHaige CommunicationsYear: 2023Scope 1: 391 tCO2eRevenue: $M 907Scope 1 Intensity: 0.43 tCO2e/$MHMS NetworksYear: 2023Scope 1: 295 tCO2eRevenue: $M 300Scope 1 Intensity: 0.98 tCO2e/$M

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

In 2023, HMS Networks reported a Scope 1 emissions intensity of 0.98 tCO₂e per millions USD. Compared to the peer group median of 1.08 , 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 2023, HMS Networks ranked 12 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 2023, HMS Networks reported a total carbon footprint of 83,073 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.25% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to HMS Networks's total carbon footprint was Scope 3 emissions, accounting for 99.16% of the company's total carbon footprint, followed by Scope 2 emissions at 0.48%. a

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