HMBV is committed to continuously reducing its greenhouse gas (GHG) emissions. GHG emissions are divided into three categories – Scope 1 (gas emissions), Scope 2 (energy emissions) and Scope 3 (waste generated). HMBV has set quantitative targets for its GHG emissions in each category.
| GHG emissions |
unit | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total GHG emissions | CO2 equivalent T | 80.792 | 124.170 | 81.185 | 39.758 |
Scope 1: Gas emissions (CSRD E1, Disclosure requirement 13)
HMBV has set a specific goal for reducing gas emissions, aiming for a decrease in Scope 1 emissions of 5% per year.
| Scope 1 |
unit | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Gross Scope 1 GHG emissions in metric tons of CO2 equivalent | CO2 equivalent T | 507,2 | 389,6 | 477,5 | 401,8 | 437 |
Scope 1 increased in FY2025 compared to FY2024.
This is partly due to improved data collection at HMBV regarding fuel for all lease cars, as well as higher gas consumption because of a colder winter period than the previous year. The Scope 1 emissions per 1 million euros in sales remained fairly consistent at the same level, due to the growth in sales.
Scope 2: Energy emissions (CSRD E1, Disclosure requirement 14)
HMBV has set a specific goal for reducing energy emissions, aiming for a decrease in Scope 2 emissions of 2% per year.
| Scope 2 |
unit | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Gross Scope 2 GHG emissions | CO2 equivalent T | 493,8 | 545,4 | 453,9 | 415,8 | 108 |
Scope 2 decreased as HMBV used 100% renewable energy in fiscal year 2025. As a result, the stated goal of a 2% reduction per year has been achieved.
Scope 3: Waste generated in operations (CSRD E1, Disclosure requirement 15)
| Scope 3 |
unit | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Gross scope 3 GHG emissions | CO2 equivalent T | 79.857,3 | 123.238,1 | 80.367,4 | 39.213 |
Emissions from the production of products purchased
This category includes all upstream emissions from the production of products purchased or acquired by the reporting company in the reporting year. Emissions from the production of products purchased belons to category 1 in scope 3.
Category 1 Scope 3 increased in FY2025 compared to FY2024. This increase can be attributed to the improvement in data collection related to material purchases and to the increase of purchased materials for projects.
Emissions from the production of capital goods purchased
This category includes all upstream emissions from the production of capital goods purchased or acquired by the reporting company in the reporting year. Emissions from the production of capital goods purchased belongs to category 2 in scope 3.
Category 2 scope 3 decreased in FY2025 compared to FY2024, due to the lower amount of capital goods purchased. The weight is multiplied by the emission factor per kg in CO2 of the material, in this case that is stainless steel.
Emissions related to the production of fuels and energy purchased and consumed
This category includes all upstream (i.e., cradle-to-gate) emissions from the production of capital goods purchased or acquired by the reporting company in the reporting year. The emission reported for category 3 in FY2025 equalled 140 CO2eqT.
Transportation and distribution services purchased by the reporting company
This category includes CO2 emissions from third-party transportation and distribution services purchased by the reporting company in the reporting year. Third-party transportation and distribution services purchased by the reporting company belongs to category 4 in scope 3.
Category 4 for Scope 3 increased in FY2025 compared to FY2024. This increase can be attributed to improved data collection related to transportation and distribution services.
Waste generated in operations
Category 5 in scope 3 includes emissions from third-party disposal and treatment of waste generated in the reporting company's owned or controlled operations in the reporting year.
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* Tracking of LDPE foil waste started in June 2022. Therefore, the waste for quarters 1 and 2 of 2022 was extracted from the known data of quarters 3 and 4 of 2022. From quarters 3 and 4, the average was calculated and used as input for quarters 1 and 2 of 2022 to arrive at the above figure in kg.
Transportation of employees for business-related activities
This category includes emissions from the transportation of employees for business-related activities in vehicles owned or operated by third parties, such as aircraft, trains, buses, and passenger cars. Business travel falls under category 6 in scope 3. Regarding business travel HMBV has set the following goal: 'All business cars shall be 100% electric, hydrogen or synthetic by 2030'.
Category 6 Scope 3 decreased in FY2025 compared to FY2024.
Emissions from employee commuting
This category includes emissions from the transportation of employees between their homes and their worksites. Emissions from employee commuting belongs to category 7 in scope 3.
CO2 emissions from commuting in category 7 scope 3 increased significantly in FY2025 compared to FY2024. In FY2025, the taxation amount and an increase in the number of employees were taken into account.
Emissions from the operation of assets that are leased
Category 8 in scope 3 includes emissions from the operation of assets that are leased by the reporting company in the reporting year and not already included in the reporting company's scope 1 or scope 2 inventories. This category does not apply to HMBV, as HMBV does not operate leased assets.
Transportation of sold products in vehicles not owned or controlled by the reporting company
This category includes emissions that occur in the reporting year from transportation and distribution of sold products in vehicles and facilities not owned or controlled by the reporting company.
Emissions from processing of sold intermediate products by third parties
Category 10 in scope 3 includes emissions from processing of sold intermediate products by third parties (e.g., manufacturers) subsequent to sale by the reporting company. Intermediate products are products that require further processing, transformation, or inclusion in another product before use.
Category 10 scope 3 increased in FY2025 compared to FY2024, because HMBV has outsourced work.
Emissions from the use of goods
This category includes emissions from the use of goods and services sold by the reporting company in the reporting year. A reporting company's scope 3 emissions from use of sold products include the scope 1 and scope 2 emissions of end users. End users include both consumers and business customers that use final products. Emissions from the use of goods belongs to category 11 in scope 3.
Category 11 of scope 3 decreased significantly in FY2025 compared to FY2024.
Emissions from the waste disposal and treatment
Category 12 in scope 3 includes emissions from the waste disposal and treatment of products sold by the reporting company (in the reporting year) at the end of their life. This category includes the total expected end-of-life emissions from all products sold in the reporting year. The emissions reported for category 12 in FY2025 equalled 3,395 CO₂eT.
Emissions from the operation of assets
Category 13 does not apply to HMBV as it does not act as a lessor.
Emissions from the operation of franchises
Category 14 does not apply to HMBV as it does not have any franchises.
Emissions associated with the reporting company's investments
Category 15 does not apply to HMBV as it does not invest for profit.
Energy & gas consumption (CSRD E1, Disclosure requirement 11)
| Energy consumption |
unit | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total energy consumption from non-renewable sources | MWh | 1.796,800 | 2.149,550 | 1.987,468 | 2.003,710 |
| Fuel consumption from crude oil and petroleum products | MWh | 403,000 | 545,400 | 554,200 | |
| Fuel consumption from natural gas | MWh | 1.475,500 | 1.447,150 | 1.225,700 | 1.392,610 |
| Consumption of purchased or acquired electricity, heat, steam, and cooling from non-renewable sources | MWh | 321,300 | 299,400 | 216,368 | 56,900 |
| Total energy consumption from renewable sources | MWh | 632,200 | 685,500 | 749,560 | 908,114 |
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Consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources |
MWh | 632,200 | 685,500 | 749,560 | 908,114 |
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HMBV's total energy consumption slightly increased in FY2025 compared to FY2024. This includes the consumption of purchased or acquired electricity, heat, steam, and cooling from non-renewable sources and renewable sources.
HMBV's total natural gas consumption increased in FY2025 compared to FY2024. This is because in FY2025, the winter period was colder than the previous year.
In FY2025, 100% of HMBV's energy consumption was derived from renewable sources.
