In 2024, Hoganas 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).
Hoganas 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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 206,700a | 213,000a | 239,100a | |
Total Scope 2 | ||||
Market-Based | 1,000a | 900a | 30,600a | |
Location-Based | 94,200a | 92,100a | 84,900a | |
Total Scope 3 | 440,800a | 417,800a | 440,400a | |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hoganas amounted to 300,900 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 2023, the total operational greenhouse gas (GHG) emissions of Hoganas decreased by 1.38%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Hoganas were 206,700 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Hoganas's Scope 1 emissions have decreased by 24.89%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Hoganas's Scope 1 emissions decreased by 2.96%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Hoganas reported Scope 2 greenhouse gas (GHG) emissions of 1,000 tCO₂e using the market-based method and 94,200 tCO₂e using the location-based method.a
Since 2021, Hoganas's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Hoganas's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Hoganas's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hoganas's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Hoganas reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Hoganas reported 440,800 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 2024 disclosure of Hoganas includes a breakdown across 4 of 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, Hoganas reported total Scope 3 emissions of 440,800 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Hoganas's Scope 3 emissions have decreased by 17.41%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Hoganas's Scope 3 emissions remained relatively stable, indicating that Hoganas's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Hoganas 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.
In 2024, the largest contributors to Hoganas's Scope 3 emissions were:a
In 2024, Hoganas reported a total carbon footprint of 741,700 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.6% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hoganas's total carbon footprint was Scope 3 emissions, accounting for 59.43% of the company's total carbon footprint, followed by Scope 1 emissions at 27.87%.a