Hexagon launches R-evolution, a new organization venture focused on a sustainable potential

NACKA STRAND, Sweden, Feb. 15, 2021 /PRNewswire/ — Hexagon AB, a world chief in sensor, software package and autonomous methods, right now introduced the launch of a new enterprise undertaking concentrated on reinventing how field addresses complicated environmental challenges: R-evolution.

R-evolution is started to accelerate the changeover to a sustainable financial system, running income-driven investments in environmentally friendly-tech jobs the place Hexagon’s know-how can be utilized. The shift to kind R-evolution will come on the heels of Hexagon’s recent announcements to even further develop its sustainability agenda, including climate aims to appreciably decrease its very own carbon footprint. Targets to positively effects the setting now incorporate supporting the world’s sustainability journey by way of R-evolution. The first set of investments, centered all around renewable power, will include the construction and operation of a portfolio of slicing-edge solar farms, targeted at developing electricity with 50,000 tonnes significantly less CO2 equivalents per annum than the grid’s residual combine.

“Hexagon is in the business of leveraging technologies and data in techniques that improve productiveness and top quality whilst generating processes a lot more successful. The consequence is much less inputs and much less waste. The concept guiding R-evolution is no diverse. Eco-friendly-tech initiatives can gain from many of the very same sensor, software program, and autonomous solutions our buyers use these days,” suggests Hexagon President and CEO Ola Rollén. “We founded R-evolution due to the fact saving the world is the major small business chance of the 21st century. The systemic issues caused by climate improve demand a feeling of urgency – 2050 is the calendar year of way too late. We will have to think and act wisely now if we’re to adjust our trajectory. R-evolution is an prospect for business to motivate rapid change, profitably, though offering back to the planet it’s been depleting considering that the industrial revolution.”

Solar farms are just the starting. R-evolution will leverage the returns produced from Hexagon’s fairness investments to fund even further carbon reduction tasks. The tactic is to broaden focus to areas of sustainable agriculture, preserving our oceans, protecting our forests, and additional. In the long term, R-evolution’s ambitions also consist of inviting many others to join the revolution – from firms to pension funds to men and women – offering all the prospect to make a enormous variation and financial gain in return.

“World wide commerce will not have to be the enemy to a sustainable long term. In its place, it can be the remedy. Taking care of for the extensive-term, in line with ESG aims, is vital to any organisation’s resiliency in the experience of uncertainty. And providers like Hexagon, with alternatives that can aid the globe achieve its environmental aims, enabling everyone to come to be a steward of the purely natural globe, have to move up to guide,” ongoing Rollén.

“Bringing alongside one another Hexagon’s market-major technological innovation and chopping-edge innovation with financial gain-pushed tasks that lead to preserving the earth is both equally a massive and crucial undertaking. I’m pleased to announce my determination to appoint Erik Josefsson as R-evolution’s CEO to encourage action as a result of successful transform. Josefsson will be accountable for placing facts to get the job done working with Hexagon’s portfolio of sensors, application and autonomous remedies to save the earth though providing shareholder returns that mirror businesses’ contributions to a sustainable future.”

Formerly, Josefsson was Head of Highly developed Industries at Ericsson, where by he led the delivery of world wide Industrial IoT and 5G alternatives for the production and approach industries. He has a passion for world tech, has worked and studied in Sweden, Malaysia, China, and the Usa, and has working experience driving a lot of sensible initiatives like 5G factories, Related Automobiles and Smart Sustainable Metropolitan areas.

R-evolution will run as a wholly-owned subsidiary of Hexagon, reporting straight to Hexagon’s President and CEO, Ola Rollén. As R-evolution grows, the program is to spin it off from Hexagon as a lot more shareholders sign up for the pressure for very good. For far more info, take a look at r-evolution.com.

For more data, remember to contact:

Maria Luthström
Head of Sustainability and Investor Relations
Hexagon AB
+46 8 601 26 27
[email protected]

Kristin Christensen
Main Marketing Officer
Hexagon AB
+1 404 554 0972
[email protected]

This information was introduced to you by Cision http://information.cision.com

https://information.cision.com/hexagon/r/hexagon-launches-r-evolution–a-new-enterprise-enterprise-targeted-on-a-sustainable-foreseeable future,c3286600

The following information are out there for obtain:


See unique content material:http://www.prnewswire.com/news-releases/hexagon-launches-r-evolution-a-new-enterprise-undertaking-focused-on-a-sustainable-future-301228119.html

Resource Hexagon