Hexagon launches R-evolution, a new enterprise enterprise focused on a sustainable future

NACKA STRAND, Sweden, Feb. 15, 2021 /PRNewswire/ — Hexagon AB, a international leader in sensor, program and autonomous answers, nowadays announced the start of a new small business enterprise centered on reinventing how marketplace addresses complex environmental issues: R-evolution.

R-evolution is established to accelerate the changeover to a sustainable economic climate, running financial gain-pushed investments in inexperienced-tech projects the place Hexagon’s technological know-how can be applied. The move to kind R-evolution arrives on the heels of Hexagon’s new bulletins to further develop its sustainability agenda, including climate goals to considerably lower its possess carbon footprint. Targets to positively impact the environment now include things like supporting the world’s sustainability journey through R-evolution. The initial established of investments, centered around renewable energy, will require the design and operation of a portfolio of reducing-edge solar farms, focused at creating electrical power with 50,000 tonnes a lot less CO2 equivalents for each annum than the grid’s residual mix.

“Hexagon is in the organization of leveraging technological know-how and facts in methods that boost efficiency and good quality whilst producing procedures more efficient. The result is much less inputs and significantly less waste. The concept powering R-evolution is no unique. Environmentally friendly-tech tasks can profit from numerous of the very same sensor, application, and autonomous remedies our buyers use nowadays,” says Hexagon President and CEO Ola Rollén. “We established R-evolution since conserving the planet is the most significant enterprise possibility of the 21st century. The systemic problems triggered by local weather alter need a perception of urgency – 2050 is the yr of too late. We should think and act correctly now if we’re to modify our trajectory. R-evolution is an chance for sector to inspire immediate alter, profitably, whilst offering back again to the earth it really is been depleting considering that the industrial revolution.”

Solar farms are just the starting. R-evolution will leverage the returns produced from Hexagon’s equity investments to fund more carbon reduction initiatives. The technique is to develop emphasis to regions of sustainable agriculture, conserving our oceans, preserving our forests, and extra. In the future, R-evolution’s ambitions also include things like inviting some others to be a part of the revolution – from providers to pension resources to people today – furnishing all the prospect to make a massive distinction and income in return.

“Global commerce won’t have to be the enemy to a sustainable long run. As an alternative, it can be the option. Handling for the extensive-term, in line with ESG ambitions, is critical to any organisation’s resiliency in the experience of uncertainty. And corporations like Hexagon, with solutions that can enable the environment achieve its environmental objectives, enabling any person to turn out to be a steward of the natural globe, need to action up to guide,” continued Rollén.

“Bringing jointly Hexagon’s market-top technological innovation and cutting-edge innovation with revenue-pushed initiatives that contribute to saving the world is the two a enormous and significant process. I am happy to announce my final decision to appoint Erik Josefsson as R-evolution’s CEO to encourage action by means of financially rewarding change. Josefsson will be liable for placing knowledge to operate employing Hexagon’s portfolio of sensors, software program and autonomous options to help you save the world when supplying shareholder returns that replicate businesses’ contributions to a sustainable foreseeable future.”

Previously, Josefsson was Head of Innovative Industries at Ericsson, the place he led the supply of world-wide Industrial IoT and 5G answers for the manufacturing and process industries. He has a passion for world wide tech, has worked and examined in Sweden, Malaysia, China, and the United states of america, and has working experience driving numerous sensible initiatives like 5G factories, Related Cars and Good Sustainable Metropolitan areas.

R-evolution will function as a wholly-owned subsidiary of Hexagon, reporting instantly to Hexagon’s President and CEO, Ola Rollén. As R-evolution grows, the prepare is to spin it off from Hexagon as more shareholders be a part of the power for very good. For more info, check out r-evolution.com.

For additional details, be sure to call:

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

Kristin Christensen
Chief Promoting Officer
Hexagon AB
+1 404 554 0972
[email protected]

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