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 39 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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hGears AG's reported carbon emissions
In 2023, hGears AG reported total carbon emissions of approximately 11,827,000 kg CO2e. This figure includes Scope 1 emissions of about 2,331,000 kg CO2e, Scope 2 emissions of around 2,718,000 kg CO2e, and significant Scope 3 emissions totalling approximately 6,778,000 kg CO2e. Comparatively, in 2022, the company's total emissions were about 26,249,000 kg CO2e, with Scope 1 at approximately 2,718,000 kg CO2e, Scope 2 at around 13,952,000 kg CO2e, and Scope 3 at about 9,579,000 kg CO2e. This indicates a substantial reduction in total emissions from 2022 to 2023. hGears AG has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent company. The company is actively engaged in sustainability practices, as evidenced by its comprehensive emissions reporting, but lacks formal commitments such as Science-Based Targets Initiative (SBTi) targets or documented climate pledges. Overall, hGears AG's emissions data reflects a commitment to transparency in its climate impact, although further details on reduction strategies would enhance its sustainability profile.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,911,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,336,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 9,198,000 | 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 participating in any of the initiatives that 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.
