Hms Networks Sustainability Profile
HMS Networks, a leading provider of industrial communication solutions, is headquartered in Sweden (SE) and operates globally, with a strong presence in Europe, North America, and Asia. Founded in 1988, the company has established itself in the industrial automation sector, focusing on enabling seamless connectivity between devices and systems. HMS Networks is renowned for its innovative products, including Anybus, IXXAT, and eWON, which facilitate communication across various industrial protocols. These solutions are distinguished by their versatility and reliability, catering to a diverse range of applications in manufacturing, energy, and transportation. With a commitment to quality and customer satisfaction, HMS Networks has achieved significant milestones, positioning itself as a trusted partner in the industry. The company continues to lead the market with its cutting-edge technology and robust service offerings, making it a key player in the realm of industrial IoT and automation.
DitchCarbon Score
How does Hms Networks'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 Telecommunications 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
Hms Networks's score of 83 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hms Networks's reported carbon emissions
In 2024, HMS Networks reported total carbon emissions of approximately 61,360,000 kg CO2e, with emissions distributed across various scopes: 122,000 kg CO2e (Scope 1), 668,000 kg CO2e (Scope 2, market-based), and 60,136,000 kg CO2e (Scope 3). The previous year, 2023, saw total emissions of about 82,181,000 kg CO2e, comprising 170,000 kg CO2e (Scope 1), 1,045,000 kg CO2e (Scope 2, market-based), and 82,181,000 kg CO2e (Scope 3). HMS Networks has committed to achieving net-zero emissions by 2050, with targets set through the Science Based Targets initiative (SBTi). The company is currently on track with its long-term net-zero commitment, which encompasses all scopes of emissions. The emissions data reflects a significant reliance on Scope 3 emissions, which accounted for about 98.5% of total emissions in 2024. This highlights the importance of addressing supply chain and product use emissions in their climate strategy. Overall, HMS Networks is actively working towards reducing its carbon footprint while adhering to industry standards for climate accountability.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 96,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 213,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
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Hms Networks's Scope 3 Categories Breakdown
Hms Networks's Scope 3 emissions, which decreased by 27% last year and decreased by approximately 15% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 62% of Scope 3 emissions.
Top Scope 3 Categories
Hms Networks'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.
Hms Networks has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Hms Networks's sustainability data and climate commitments