Hexagon AB

Electronic Equipment & Instruments
HEXA-B.ST
SEK 113 0.22
Share price
$ 30 bn
Market Cap
$ 31 bn
Enterprise Value

Carbon footprint

0.93 Ton
GHG emissions per $ 1 mln investment
0.03x the weighted average for S&P 500
FY2021
How is this calculated?
+17%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Hexagon AB aims to achieve carbon neutrality for Scope 1 + 2 by 2030


This target has not been verified as science based according to SBTi
Hexagon AB's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Hexagon AB aims to achieve carbon neutrality for all Scopes by 2050


This target has not been verified as science based according to SBTi
Hexagon AB's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Hexagon AB's GHG emissions (location-based) (Kt of CO2e)
Hexagon AB's Carbon intensity (Tons per 1 USDm)

Hexagon AB's carbon footprint

Hexagon AB reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 28 Kt (+4.1/+17% y-o-y). Carbon intensity also remained unchnaged at 5.5 t.

Hexagon AB's Scope 3 emissions grew to 17 Kt (+13/+286% y-o-y).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -3.2 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -1.6 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Hexagon AB aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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