Alert
Hexagon’s journey to net-zero emissions
Hexagon has joined the Business Ambition for 1.5°C; committed to set net-zero science-based targets for carbon emissions.
To further its sustainability agenda, Hexagon has publicly committed to set targets for its carbon emissions in line with the Net-Zero Standard and to have its targets validated by the Science-Based Targets initiative (SBTi). This commitment strengthens Hexagon’s previously communicated carbon reduction targets to become carbon neutral in Scope 1 and 2 by 2030, and carbon neutral in Scope 3 by 2050. By joining the Business Ambition for 1.5°C , Hexagon will validate its targets against science-based criteria and present a concrete action plan and roadmap with milestones in its journey towards net-zero.
The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Over 2,000 organizations worldwide are leading the transition to a net-zero economy by setting emissions reduction targets grounded in climate science through the SBTi.
Our commitments
Using 2022 as the baseline year, Hexagon has committed to the following:
Our actions
Concrete steps towards long-term goals
Our sustainability improvements are a long-term commitment. More accurate and comprehensive data tracking of all emissions is essential to ensure we make informed decisions across the company that move us closer to achieving our climate goals. To do this, Hexagon has:- Increased focus on operational discipline
- Increased reporting of environmental indicators in facilities
- Performed a screening of Scope 3 emissions
To learn more, read our 2022 Sustainability Report.
About the SBTi
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions-reduction targets in line with the latest climate science. The SBTi is focused on accelerating the efforts of companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption and independently assesses and approves companies’ targets.
* Scope 1 emissions are the greenhouse gas (GHG) emissions from our company cars and the fuels used in our facilities.
** Scope 2 emissions are the indirect GHG emissions associated with our purchase of electricity.
† Scope 3 emissions are the GHG emissions occurring in our value chain but outside our company facilities for which Hexagon is indirectly responsible.
†† Ensuring suppliers that account for at least 80% of our procurement spend have a CO2 reduction plan in place.