hGears AG Sustainability Profile
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 59% 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 11.8 million kg CO2e. This figure includes Scope 1 emissions of about 2.3 million kg CO2e, Scope 2 emissions of approximately 2.7 million kg CO2e, and Scope 3 emissions totalling around 6.8 million kg CO2e. Comparatively, in 2022, the company’s total emissions were about 26.2 million kg CO2e, with Scope 1 at approximately 2.7 million kg CO2e, Scope 2 at around 13.9 million kg CO2e, and Scope 3 at about 9.6 million kg CO2e. This indicates a significant reduction in total emissions from 2022 to 2023. hGears AG has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while the company is actively reporting its emissions, it may not yet have formalised commitments to future reductions. The emissions data is not cascaded from any parent organisation, indicating that hGears AG is independently reporting its carbon footprint. The company continues to monitor and disclose its emissions, contributing to transparency in its climate impact.
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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 |
How Carbon Intensive is hGears AG's Industry?
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hGears AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
hGears AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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