hGears AG
hGears AG, headquartered in Germany, is a leading player in the precision engineering industry, specialising in the production of high-quality gears and gear systems. Founded in 2008, the company has rapidly expanded its operational footprint across Europe and Asia, establishing itself as a trusted partner for various sectors, including automotive and industrial machinery. With a commitment to innovation, hGears AG offers a diverse range of products, including custom gear solutions and advanced manufacturing services. Their unique approach combines cutting-edge technology with rigorous quality control, ensuring exceptional performance and reliability. Recognised for their engineering excellence, hGears AG has achieved significant milestones, positioning itself as a key supplier in the global market.
DitchCarbon Score
How does hGears AG's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Retail Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
hGears AG's score of 27 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
hGears AG's reported carbon emissions
In 2023, hGears AG reported total carbon emissions of approximately 2,331,000 kg CO2e for Scope 1, 2,718,000 kg CO2e for Scope 2, and 6,778,000 kg CO2e for Scope 3, amounting to a total of about 11,827,000 kg CO2e. This reflects a significant reduction in emissions compared to previous years, with Scope 1 emissions decreasing from approximately 2,718,000 kg CO2e in 2022 and Scope 2 emissions down from about 13,952,000 kg CO2e in the same year. Over the past few years, hGears AG has demonstrated a commitment to reducing its carbon footprint. In 2022, the company achieved a reduction in Scope 1 emissions to about 2,718,000 kg CO2e and Scope 2 emissions to approximately 13,952,000 kg CO2e. The trend continues with a notable decrease in 2023, indicating a proactive approach to climate action. Despite the positive trajectory in emissions reduction, hGears AG has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company remains focused on enhancing sustainability practices within its operations, aligning with industry standards for climate responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 808,750 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,823,980 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 8,062,560 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
hGears AG is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
