Hultafors

Hultafors's reported carbon emissions

In 2023, Hultafors Group AB reported total greenhouse gas emissions of approximately 63,000,000 kg CO2e, comprising 2,293,000 kg CO2e from Scope 1, 1,147,000 kg CO2e from Scope 2, and 59,342,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their environmental impact, with emissions data disclosed across all relevant scopes. Hultafors has set ambitious climate targets, committing to reduce absolute Scope 1 and 2 emissions by 42% by 2030 from a 2022 baseline. Additionally, they aim to achieve a 42% reduction in absolute Scope 3 emissions, which include emissions from purchased goods and services, upstream and downstream transportation, and waste generated in operations, within the same timeframe. Long-term, Hultafors has pledged to reach net-zero emissions across their entire value chain by 2050, targeting a 90% reduction in both Scope 1 and 2 emissions, as well as Scope 3 emissions by the same year. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Hultafors's commitment to addressing climate change within the textiles, apparel, footwear, and luxury goods sector. The company is actively working towards these goals, demonstrating a proactive approach to sustainability and environmental responsibility.