Hoganas Sustainability Profile
Höganäs AB, commonly referred to as Höganäs, is a leading global player in the metal powder industry, headquartered in Höganäs, Sweden. Founded in 1797, the company has established itself as a pioneer in the development of innovative metal powders, serving diverse sectors such as automotive, aerospace, and industrial manufacturing. With a strong presence in Europe, Asia, and the Americas, Höganäs offers a wide range of products, including iron and stainless steel powders, which are renowned for their quality and performance. The company’s commitment to sustainability and advanced technology has positioned it as a market leader, achieving significant milestones in powder metallurgy. Höganäs continues to drive innovation, making it a trusted partner for businesses seeking high-performance materials.
DitchCarbon Score
How does Hoganas'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 Non-Ferrous Metal Mining 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
Hoganas's score of 79 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hoganas's reported carbon emissions
In 2024, Höganäs AB reported total carbon emissions of approximately 648,500,000 kg CO2e, with Scope 1 emissions at about 206,700,000 kg CO2e, Scope 2 emissions at approximately 1,000,000 kg CO2e, and Scope 3 emissions reaching around 440,500,000 kg CO2e. This represents a slight increase from 2023, where total emissions were about 631,700,000 kg CO2e, with Scope 1 at approximately 213,000,000 kg CO2e, Scope 2 at about 900,000 kg CO2e, and Scope 3 at around 417,800,000 kg CO2e. Höganäs has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2040, using 2018 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 51% by 2030 and Scope 3 emissions by 30% within the same timeframe. Long-term goals include a 90% reduction in all scopes (1, 2, and 3) by 2040. These targets are aligned with the Science Based Targets initiative (SBTi) and include land-related emissions and removals from bioenergy feedstocks. The emissions data and targets are cascaded from Höganäs AB (publ), reflecting the company's commitment to sustainability within the mining sector, specifically in iron and other metals.
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| 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 270,800,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 103,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 528,300,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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Hoganas's Scope 3 Categories Breakdown
Hoganas's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 28% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 65% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 79% of Scope 3 emissions.
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Hoganas'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.
Hoganas 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.
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Frequently Asked Questions
Common questions about Hoganas's sustainability data and climate commitments