The path to economic growth does not have to come at the expense of the planet and people.
Hexagon’s vision is a future where data is fully and autonomously leveraged so that business, industry and humanity sustainably thrive. A world where economic growth does not come at the expense of the planet and people. As a global leader in sensor, software and autonomous solutions, Hexagon is an enabler of sustainability, with solutions that improve efficiency, quality and safety across a broad array of industries and societies.
Our mantra – do well to do good
Hexagon is committed to a simple, yet powerful purpose: Putting data to work to empower an autonomous future. We believe that achieving an autonomous future will not only empower our customers to dramatically improve outcomes, but also foster a sustainable planet.
By putting data to work towards an increasingly autonomous future, our “do well to do good” approach will drive sustainability through efficiency gains, increased safety, improved productivity and less waste — the very business outcomes our customers seek. We believe that sustainability and economic growth goes hand in hand and should be achieved in a cost-optimal way.
Hexagon’s sustainability efforts are a natural, integrated part of its operations and core values. Hexagon believes that its sustainability journey is determined both by the role its products and solutions play in the market, as well as its own processes and actions.
Hexagon takes a holistic approach to sustainability which includes its environmental, social and governance impacts (ESG) in the whole value chain. Sustainability is crucial to the company’s success, and its work drives profitability and long-term shareholder value. All actions should be marked by a high level of expertise, good business ethics and accountability.
Five areas of focus Hexagon believes it can have the greatest impact are:
Overarching ESG targets
- Carbon neutrality in our scope 1 and 2 emissions – by 2030
- Carbon neutrality across our entire value chain in scope 1, 2 and 3 emissions – by 2050
- Sustainability supplier audits across 100 per cent of our direct suppliers, in risk areas – by 2023
- At least 30 per cent of our leadership positions filled by women – by 2025
For more information, please see Hexagon’s sustainability strategy here.
In February 2021, Hexagon launched a new business venture, R-evolution, to further develop its sustainability agenda, which include climate goals to significantly reduce its own carbon footprint.
R-evolution will invest in and run profit-driven, sustainable projects that leverage Hexagon’s technology to accelerate the world’s transition to a sustainable economy. The first set of investments, centered around renewable energy, will involve the construction and operation of solar farms in Andalusia, Spain, producing energy with 50,000 tonnes less CO2 equivalents per annum than the grid's residual mix.