Hultafors Sustainability Profile
Hultafors Group, a prominent player in the tools and equipment industry, is headquartered in Sweden (SE) and operates extensively across Europe and beyond. Founded in 1883, the company has a rich history marked by innovation and quality, establishing itself as a trusted name among professionals in various sectors. Specialising in hand tools, measuring instruments, and safety gear, Hultafors is renowned for its commitment to precision and durability. Their core products, including tape measures and chisels, are designed to meet the rigorous demands of tradespeople, setting them apart through superior craftsmanship and functionality. With a strong market position, Hultafors Group has achieved notable milestones, including numerous industry awards for product excellence. Their dedication to quality and innovation continues to solidify their reputation as a leader in the tools and equipment sector.
DitchCarbon Score
How does Hultafors'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 Rubber and Plastic Products 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
Hultafors's score of 30 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hultafors's reported carbon emissions
In 2022, Hultafors Group AB reported total greenhouse gas emissions of approximately 3,808,000 kg CO2e, comprising 2,412,000 kg CO2e from Scope 1 and 1,396,000 kg CO2e from Scope 2. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 emissions by 42% by 2030, using 2022 as the base year. Furthermore, Hultafors is committed to achieving a 90% reduction in these emissions by 2050. In addition to its Scope 1 and 2 targets, Hultafors has also established a goal to reduce absolute Scope 3 emissions by 42% by 2030 and 90% by 2050, covering emissions from purchased goods and services, upstream and downstream transportation, and waste management. Hultafors Group AB has committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 2,595,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 873,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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Hultafors'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.
Hultafors 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 Hultafors's sustainability data and climate commitments