Hmd Global Sustainability Profile
HMD Global, officially known as HMD Global Oy, is a Finnish telecommunications company headquartered in Espoo, Finland. Founded in 2016, HMD Global has rapidly established itself in the mobile phone industry, primarily focusing on the design and manufacture of Nokia-branded smartphones and feature phones. The company operates across major regions, including Europe, Asia, and Africa, leveraging its strong heritage in mobile technology. HMD Global is renowned for its commitment to quality and innovation, offering a range of devices that combine modern features with classic Nokia durability. Key products include the Nokia smartphone series, which are distinguished by their clean Android experience and regular software updates. With a focus on user security and sustainability, HMD Global has carved out a notable position in the competitive mobile market, achieving significant milestones such as partnerships with leading telecom operators worldwide.
DitchCarbon Score
How does Hmd Global'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 Electrical Machinery Manufacturing 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
Hmd Global's score of 60 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hmd Global's reported carbon emissions
In 2023, HMD Global reported total carbon emissions of approximately 571,091,000 kg CO2e. This figure includes Scope 1 emissions of about 3,000 kg CO2e, Scope 2 emissions of approximately 449,000 kg CO2e, and significant Scope 3 emissions, which totalled around 570,000,000 kg CO2e. The largest contributors to Scope 3 emissions were purchased goods and services (about 471,028,000 kg CO2e) and the use of sold products (approximately 70,540,000 kg CO2e). HMD Global has set ambitious climate commitments, aiming to reduce its absolute greenhouse gas emissions across all scopes by 42% by 2030, using 2022 as the base year. This target is aligned with the Science Based Targets initiative (SBTi) and reflects the company's commitment to achieving net zero emissions by 2050. The reduction targets encompass all scopes, including Scope 1, Scope 2, and Scope 3 emissions. The company has demonstrated a proactive approach to sustainability, with a focus on significant emission sources and a clear roadmap for reduction. HMD Global's headquarters is located in Finland (FI), and it operates within the technology hardware and equipment sector.
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| 2020 | 2023 | |
|---|---|---|
| Scope 1 | - | 0,000 |
| Scope 2 | 174,672,000 | 000,000 |
| Scope 3 | 987,706,000 | 000,000,000 |
How Carbon Intensive is Hmd Global's Industry?
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Hmd Global's Scope 3 Categories Breakdown
Hmd Global's Scope 3 emissions, which decreased by 42% last year and decreased by approximately 42% since 2020, 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 "Purchased Goods and Services" being the largest emissions source at 83% of Scope 3 emissions.
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Hmd Global'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.
Hmd Global 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 Hmd Global's sustainability data and climate commitments