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HMS - net zero 2050- With the next generation in mind

With the next generation in mind

The climate crisis is urgent. The Intergovernmental Panel on Climate Change (IPCC) states that we’re nearing the 1.5 °C threshold which the UN calls a “code red for humanity.”

HMS has set ambitious science-based targets to achieve net-zero emissions by 2050. In our plan for 2030, we have set targets to reduce our emission and lead the way towards zero emissions 2050. This is vital to secure a sustainable future with the next generation in mind.

HMS net-zero targets have been validated by the Science-based targets initiative (SBTi), guiding us to set clear, measurable goals to cut greenhouse gas emissions.

HMS on SBTi website
HMS - hardware Meets Software

HMS Mission statement: We enable valuable data and insights from industrial equipment allowing our customers to increase productivity and sustainability.

The HMS way

Why is this important for us?

HMS business idea is to offer products that increase productivity and sustainability. We offer innovative solutions that optimize energy efficiency, reduce emissions and enable efficient use of resources. Through our products and services, we support industrial customers' transition to more sustainable processes and promote responsible operations throughout the value chain.

At HMS, science-based targets drive innovation—from renewable energy to smarter product design, we're cutting our carbon footprint.

Science-based targets also prepare us for future regulations and market shifts, reducing risk and positioning us as leaders in the low-carbon transition.

Our climate commitment builds trust with customers, colleagues, and investors. Transparency and accountability are at the heart of their, and our, journey.

Our ambition

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1,5 °C in 2050

HMS has a target of net-zero CO2 emissions in 2050 in accordance with the Paris Agreement.

Our targets have been validated by the Science Based Targets initiative. SBTi is a global collaboration that helps companies and financial institutions set emissions reduction targets aligned with climate science to limit global warming to 1.5°C.

Validation Statement
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Near-term

HMS Networks commits to reduce Scope 1 and 2 Greenhouse Gas emissions by 55.84% in 2030 (from a 2022 base year).

HMS Networks also commits to reduce Scope 3 emissions from purchased goods and services, upstream transportation and distribution, business travel and use of sold products by 51.6% per SEK value added within the same timeframe.

HMS science based targets - net zero 2050

Long-term

HMS Networks commits to reduce Scope 1 and 2 Greenhouse Gas emissions by 90.0% in 2050 (from a 2022 base year).

HMS Networks also commits to reduce scope 3 from purchased goods and services, upstream transportation and distribution, business travel and use of sold products by 97.0% per SEK value added within the same timeframe.

The remaining CO2 compensated through investments in circular business models and technologies that ensure permanent carbon storage. 

The target boundary includes land-related emissions and removals from bioenergy feedstocks.
 

Our Recalculation Policy

We will adjust our base year emissions inventory to account for significant changes if the changes drive an increase/decrease in emissions of greater than 5%, in accordance with the GHG Protocol*.

We may also choose to recalculate our baseline for changes of less than 5%, especially when structural changes occur.

The GHG Protocol expects a company to recalculate base year emissions when the following changes occur and have a significant impact on the inventory: 

  • Structural changes in the reporting organization, such as mergers, acquisitions, divestments, new joint ventures, outsourcing, and insourcing. 
     
  • Changes in calculation methodologies, improvements in data accuracy (including emissions factors), or discovery of significant errors 
     
  • Changes in the operational or organisational boundaries of the inventory (e.g., changes in the categories or activities included in the Scope 3 inventory or future changes to how emissions are consolidated)

Baseline adjustments will occur at the end of each fiscal year if we identify any changes described above that have occurred in the reporting period which may require us to recalculate our base year. We publicly restate our baseline when we report the latest carbon footprint, typically the next annual sustainability report, which covers the previous financial year. 

HMS emissions overview: Scope 1–3

In accordance with the Greenhouse Gas Protocol (GHG), we monitor and measure our emissions to ensure transparent and systematic reporting of our climate impact. The image shows the emission categories that are relevant to our business and which we actively monitor and report.

HMS emissions in tons / CO2e (data for 2022)

Scope 1 + 2 – Operation (1536 ton) Approx 1,3 % 

Scope 3 – Upstream emissions: (34 811 ton) 2022 (Purchased Goods - approximately 26% %, Upstream Transportation - 1.7%, Business travel – 1 %)

Scope 3 – Downstream emissions: (84 525 Ton) Use of sold products - approximately 70%

More information in our sustainability report

HMS emissions reduction strategy

Reducing emissions from own operations — Scope 1&2

In 2022, our direct emissions from Scope 1 and Scope 2 accounted for approximately 1.3% of the company’s total emissions. While this represents a relatively small portion of our overall footprint, it is the area where we have the greatest control and opportunity to drive reductions:

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Electric cars

We aim to transition company vehicles to 100 % Electric Vehicles (EVs) by 2030.

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Fossil free energy at all HMS sites

Many HMS manufacturing at sites are already using CO2-neutral energy. We now aim to transition from fossil fuels to biofuels in heating at HMS manufacturing sites in York and Bilbao.

Furthermore, we will prioritize solar installations at manufacturing sites and explore Power Purchase Agreements (PPAs), Virtual PPAs (VPPAs), and Renewable Energy Certificates (RECs) to achieve 100% renewable electricity by 2030.

Video: Solar panels at HMS Halmstad
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Energy optimization

We aim to implement upgrades to lighting systems, ventilation, and compressors, alongside engaging employees in energy-saving practices at the workplace.

We will also review possibilities to swap GWP (Global Warming Potential) refrigerants with natural alternatives where possible.

HMS emissions reduction strategy

Reducing emissions from our supply chain — Scope 3

In 2022, our direct emissions from Scope 3 accounted for approximately 98.5% of the company’s total emissions. While this represents the main part of our emissions, it is also harder to control as it is not up entirely up to us. But there are still many things we can do.

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Use of sold products

The use of sold products is by far the largest source of emissions for HMS, accounting for approximately 70% of our 2022 greenhouse gas emissions. These emissions are primarily driven by the energy consumption of HMS products during their operational lifetime, influenced by the global energy grid mix.

We aim to:

• Implement sustainable design practices across all divisions. Also systematically reduce the number of components in our products and implement circular principles.

• Encourage customers to adopt renewable energy sources in their operations to reduce use-phase emissions.

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Supplier engagement and procurement strategy

In 2022, emissions from Purchased Goods and Services accounted for approximately 26% of HMS’s total baseline emissions.

While these emissions fall outside our direct operational control, they represent a significant opportunity to extend our sustainability impact across the value chain.

We aim to encourage suppliers to use sustainable material and optimize weight, components accessories and dimensions.

HMS responsible sourcing program
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Business travel

In 2022, Business Travel accounted for approximately 1.0% of HMS’s total greenhouse gas emissions.

While this represents a relatively small portion of our overall footprint, it is an area where behavioral change and organizational structure can drive meaningful reductions.

We aim to implement a clear travel policy to encourage climate-conscious decision-making across the group.

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Transportation of products

Upstream transportation accounts for approximately 1.7% of HMS’s total emissions. This includes all third-party transportation and distribution purchased by HMS prior to product delivery.

While relatively modest in scale, this presents significant opportunities for emissions reduction through strategic logistics and product design.

We aim to:

• Focus on minimal air travel

• Focus on near-shoring

• Direct deliveries to customers from strategic EMS

• Invest in SAF (Sustainable Aviation Fuel) to reduce emissions from air freight.

• Implement Logistics-Optimized Design to use the best solution for transport volume and shipment frequency.

Targets 2030

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Use 100% packaging from recycled or certified sources by 2030.
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Integrate sustainable design principles into product development

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