In 2024, Hubexo Nordic HoldCo 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).
Hubexo Nordic HoldCo has also provided a category-level breakdown for 15 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 | 295a | 279b | 332b | |
Total Scope 2 | ||||
Market-Based | 126a | 192b | 201b | |
Location-Based | 282a | 247b | 222b | |
Total Scope 3 | 8,845a | 6,206b | 5,614b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | N/A | 1.0198b | 1.4694b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hubexo Nordic HoldCo amounted to 577 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 Hubexo Nordic HoldCo increased by 9.7%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Hubexo Nordic HoldCo were 295 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hubexo Nordic HoldCo's Scope 1 emissions have decreased by 9.51%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hubexo Nordic HoldCo's Scope 1 emissions increased by 5.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Hubexo Nordic HoldCo reported Scope 2 greenhouse gas (GHG) emissions of 126 tCO₂e using the market-based method and 282 tCO₂e using the location-based method.a
Since 2019, Hubexo Nordic HoldCo's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 22.95%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Hubexo Nordic HoldCo's Scope 2 emissions (Location-Based) rose by 14.17% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Hubexo Nordic HoldCo reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Hubexo Nordic HoldCo reported 8,845 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 Hubexo Nordic HoldCo includes a breakdown across 15 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Hubexo Nordic HoldCo reported total Scope 3 emissions of 8,845 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.58% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.42% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Hubexo Nordic HoldCo's Scope 3 emissions have increased by 403.99%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Hubexo Nordic HoldCo's Scope 3 emissions increased by 42.52%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Hubexo Nordic HoldCo reported emissions for 15 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 Hubexo Nordic HoldCo's Scope 3 emissions were:a
In 2023, Hubexo Nordic HoldCo reported Scope 1 greenhouse gas (GHG) emissions of 279 tCO₂e and total revenues of USD 274 millions. This translates into an emissions intensity of 1.02 tCO₂e per millions USD.b
In 2023, Hubexo Nordic HoldCo reported a Scope 1 emissions intensity of 1.02 tCO₂e per millions USD. Compared to the peer group median of 0.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.b
In 2023, Hubexo Nordic HoldCo ranked 21 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).b
This places Hubexo Nordic HoldCo among the least efficient performers, with one of the highest emissions intensities in its sector.b
In 2024, Hubexo Nordic HoldCo reported a total carbon footprint of 9,422 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 39.96% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Hubexo Nordic HoldCo's total carbon footprint was Scope 3 emissions, accounting for 93.88% of the company's total carbon footprint, followed by Scope 1 emissions at 3.13%.a