Hultafors
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 18 is lower than 53% 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 baseline 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, fuel- and energy-related activities, and waste management, among others. 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 classified as consistent with the reductions required to limit 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 | - | - | - |
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.
Hultafors is participating in some 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.
