Digital reality specialist Hexagon’s reduction targets for near-term and net zero greenhouse gas emissions have been approved by the Science Based Targets initiative (SBTi).
The SBTi is an independent corporate climate action organization that enables companies and financial institutions worldwide to set greenhouse gas emission reductions targets in line with keeping global heating below catastrophic levels and reach net zero by 2050 at least.
Targets are considered “science-based” if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5C above pre-industrial levels.
Commitment to 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.
Eva Carranza, head of sustainability at Hexagon, said: “At Hexagon, our largest contribution to reducing emissions is via our solutions, which empower our customers to behave efficiently, safely and effectively.
“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.
