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NACKA STRAND, Sweden, Feb. 15, 2021 /PRNewswire/ — Hexagon AB, a world chief in sensor, software program and autonomous options, at the moment introduced the launch of a brand new enterprise enterprise targeted on reinventing how {industry} addresses complicated environmental challenges: R-evolution.
R-evolution is based to speed up the transition to a sustainable financial system, working profit-driven investments in green-tech initiatives the place Hexagon’s expertise will be utilized. The transfer to kind R-evolution comes on the heels of Hexagon’s latest bulletins to additional develop its sustainability agenda, together with local weather targets to considerably scale back its personal carbon footprint. Targets to positively impression the setting now embody supporting the world’s sustainability journey by way of R-evolution. The primary set of investments, centered round renewable vitality, will contain the development and operation of a portfolio of cutting-edge photo voltaic farms, focused at producing vitality with 50,000 tonnes much less CO2 equivalents every year than the grid’s residual combine.
“Hexagon is within the enterprise of leveraging expertise and information in ways in which enhance productiveness and high quality whereas making processes extra environment friendly. The result’s fewer inputs and fewer waste. The idea behind R-evolution is not any completely different. Inexperienced-tech initiatives can profit from lots of the identical sensor, software program, and autonomous options our clients use at the moment,” says Hexagon President and CEO Ola Rollén. “We based R-evolution as a result of saving the planet is the most important enterprise alternative of the 21st century. The systemic issues brought on by local weather change demand a way of urgency – 2050 is the 12 months of too late. We should suppose and act properly now if we’re to alter our trajectory. R-evolution is a chance for {industry} to encourage speedy change, profitably, whereas giving again to the planet it has been depleting for the reason that industrial revolution.”
Photo voltaic farms are just the start. R-evolution will leverage the returns generated from Hexagon’s fairness investments to fund additional carbon discount initiatives. The technique is to develop focus to areas of sustainable agriculture, saving our oceans, defending our forests, and extra. Sooner or later, R-evolution’s ambitions additionally embody inviting others to hitch the revolution – from firms to pension funds to people – offering all the chance to make an enormous distinction and revenue in return.
“International commerce would not need to be the enemy to a sustainable future. As a substitute, it may be the answer. Managing for the long-term, according to ESG targets, is essential to any organisation’s resiliency within the face of uncertainty. And corporations like Hexagon, with options that may assist the world obtain its environmental targets, enabling anybody to turn into a steward of the pure world, should step as much as lead,” continued Rollén.
“Bringing collectively Hexagon’s industry-leading expertise and cutting-edge innovation with profit-driven initiatives that contribute to saving the planet is each an enormous and vital activity. I am happy to announce my determination to nominate Erik Josefsson as R-evolution’s CEO to encourage motion by way of worthwhile change. Josefsson will probably be accountable for placing information to work utilizing Hexagon’s portfolio of sensors, software program and autonomous options to save lots of the planet whereas offering shareholder returns that replicate companies’ contributions to a sustainable future.”
Beforehand, Josefsson was Head of Superior Industries at Ericsson, the place he led the supply of worldwide Industrial IoT and 5G options for the manufacturing and course of industries. He has a ardour for world tech, has labored and studied in Sweden, Malaysia, China, and the USA, and has expertise driving many sensible initiatives like 5G factories, Related Vehicles and Sensible Sustainable Cities.
R-evolution will function as a wholly-owned subsidiary of Hexagon, reporting on to Hexagon’s President and CEO, Ola Rollén. As R-evolution grows, the plan is to spin it off from Hexagon as extra shareholders be a part of the power for good. For extra info, go to r-evolution.com.
For additional info, please contact:
Maria Luthström
Head of Sustainability and Investor Relations
Hexagon AB
+46 8 601 26 27
[email protected]
Kristin Christensen
Chief Advertising Officer
Hexagon AB
+1 404 554 0972
[email protected]
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