Hexagon’s net-zero science-based targets validated by the Science Based Targets initiative (SBTi)
Hexagon, the global leader in digital reality solutions, today announced that its reduction targets for near-term and net-zero greenhouse gas emissions have been approved by the Science Based Targets initiative (SBTi). This independent, scientific validation highlights Hexagon's commitment towards sustainability.
Hexagon's approved targets include:
- Reducing Scope 1 and 2 emissions by 95% and Scope 3 emissions by 51.6% per EUR value added by 2030, from a 2022 baseline
- Increasing renewable electricity usage to 100% by 2027
- Reaching net-zero greenhouse gas emissions across the full value chain by 2050
“At Hexagon, our largest contribution to reducing emissions is via our solutions, which empower our customers to behave efficiently, safely and effectively,” said Eva Carranza, Head of Sustainability, Hexagon. “However, as a wider corporate citizen, we need to ensure we behave as responsibly as possible in our operations globally, hence our ambitious commitments to reduce our emissions dramatically by the end of the decade. The SBTi’s validation underlines the credibility of our goals and is the first of many important milestones on our journey to net-zero.”
Hexagon aims to meet its long-term sustainability goals by setting yearly milestones. Key ongoing initiatives include facility upgrades, employee and suppliers training, expanding renewable energy use, and setting stringent criteria for product development and logistics. By 2030, as well as the Scope 1 and 2 emission reduction targets listed above, the company aims to cover over 80% of procurement spend by suppliers with SBTi-validated targets.
Hexagon will update its progress towards these targets in upcoming sustainability reports to ensure transparency and maintain momentum towards achieving net-zero by 2050.
For more information about Hexagon's sustainability strategy and progress, please see Hexagon’s 2023 Annual Sustainability Report (p.52) and visit the company’s sustainability page.
For further information, please contact:
Keri Tomsic, Director of Corporate Communications, Hexagon, [email protected]
Tom Hull, Head of Investor Relations, Hexagon, [email protected]