Understanding Hexagon’s eco-driven missions with a focus on carbon footprint

Hexagon, aligned with the highest sustainability standards, is committed to pioneering a responsible and fair approach to environmental stewardship and organisational function. The company diligently supports and endorses the United Nations Global Compact (UNGC) principles pertaining to environment, labour, human rights and anti-corruption. Furthermore, Hexagon acknowledges the necessity of addressing environmental, social, and governance issues throughout every phase of the value chain, upholding the 2030 Agenda for Sustainable Development and the UN Sustainable Development Goals (SDGs).

Hexagon sustainability goals and commitments

Hexagon places importance on reducing greenhouse gas emissions in harmony with a net-zero trajectory, ensuring effective sustainable resource management and waste reduction in various industrial and office settings. Hexagon additionally governs its activities according to the strict chemical safety regulations, such as the EU Directive on REACH while also striving to minimise the environmental impact of its operations and supply chain, specifically on water purity and air quality.

Most importantly, Hexagon gives priority to sustainability integration in all their product designs, development, and production processes. This coincides with a commitment to fostering a culture of mutual respect and fairness among employees, positioning themselves as a corporate role model in handling environmental issues.

The environmental impact

Hexagon has made tangible strides in demonstrating its commitment. A principal testament to this is the company’s alliance with the Business Ambition for 1.5°C, setting net-zero carbon emissions objectives that are presently being validated by the Science Based Targets initiative (SBTi). Illustrating significant progress, Hexagon has managed to increase its renewable electricity proportion to 46%.

Sustainability vision for the future

The future of Hexagon is hinged upon extensive sustainability plans. These entail employing an environmental management system compatible with the ISO 14001 certification in majority production facilities, aiming to incrementally grow its renewable energy mix to reach 100%. Hexagon also aims to define a meticulous water management program for sites in high-risk water areas and has set a bold goal to send no waste to landfills by 2030.

A roadmap to net-zero emissions

Hexagon is adamantly committed to achieving net-zero emissions, focusing on reducing total value chain emissions in compliance with a Net-Zero Standard by 2050. The company has plotted a solid plan to curb their Scope 1 and Scope 2 discharges by a striking 95% by 2030.

As part of their transparency, Hexagon has established the baseline emissions comprising Scope 1, Scope 2, and given categories of Scope 3 discharges for comparative assessments with future reductions. For the year 2022, the Total emissions stand at approximately 410,000 tons of CO2 equivalent (TCO2e).

Implementing the CO2 emission reduction pathway

Hexagon’s approach toward CO2 emission reduction lies in the formulation of precise roadmaps for each facility, consistent with the 1.5°C scenario guided by the Net-Zero Standard. By 2030, Hexagon aims for a 95% reduction in Scope 1 & Scope 2 emissions, and a 25% cut in their full value chain, while only considering high-quality offsets beyond their net-zero or SBT.

In addressing the CO2 emission challenge, Hexagon has articulately defined four core action areas — product innovations optimised against sustainability criteria, enabling change by empowering stakeholders, improving value chain impact through specific Net-Zero Roadmaps and applicable Sustainable Procurement Programs, and fostering a culture of inclusion and performance driven by social responsibility.

Undoubtedly, Hexagon’s dedication to environmental sustainability specifically towards CO2 emissions reduction is not only significant for their operations but sets an example for many businesses globally. Fully aware that sustainability is an ongoing journey, Hexagon continues to streamline its processes, empower its stakeholders, and integrate environmental considerations into its value chain to realise a sustainable future where business and environment coexist harmoniously.