Hexagon recognises climate change is a serious threat that requires an urgent response in not only our daily lives but business as well.
To improve our chances of achieving sustainability and securing a brighter future for generations to come, Hexagon’s Head of Sustainability and Investor Relations, Maria Luthström shared three examples to show how data can help save the world.
Thanks to geospatial, or location-based, data, we have a general understanding of the scale, scope and seriousness of the threats of greenhouse gases. Without geospatial information, climate research would be a mere hunch. As one of the world’s leading geospatial companies, Hexagon boasts measurement, processing and visualisation technologies to create smart digital realities that improve efficiency, quality, safety and reduce waste — all crucial parts of a sustainable economy.
Putting data to use in this way means we’re no longer flying blind. We can better understand the world. We can now monitor and mitigate natural disaster risks. And we can better provide solutions against depletion and waste.
“Our challenge is to continue growing and improving quality of life sustainably, and it’s not easy,” Luthström said. “Hexagon’s President and CEO Ola Rollén acknowledged at our HxGN LIVE Global conference a couple of years ago that the secret to the next great scientific breakthrough, industry-changing innovation or life-altering technology is hiding in plain sight behind the mountains of data we create every day. The problem we face isn’t a lack of data. It’s putting the data we have to work, creating new innovative solutions.”
These new innovative solutions touch virtually every industry. And while many hope that each of these industrial adjustments can save the planet, we should consider whether sustainability can, in turn, save industries.
“Perhaps most importantly, the solution can’t be found in a single company or even a single nation. It will never achieve scalable sustainability without industries and governments working together and innovating to find better solutions. And for that to happen, industries must be vibrant, growing and profitable,” Luthström said.
This growth can unlock unprecedented opportunities for a strong, sustainable and inclusive economy. Renewable energy sources, electrification, recycling, sustainable farming, mining, energy-efficient cities and buildings and autonomous mobility are areas that can transform how people and goods are transported. We’re on the edge of a new economy driven by the interaction between rapid tech innovation, sustainable infrastructure investments and increased resource productivity. If we make the right decisions, this growth will result in efficient livable cities, lower carbon emissions, resilient infrastructure and the restoration of degraded lands, while protecting valuable forests.
And Hexagon is doing its part to support that growth. Through a new business venture, R-evolution, Hexagon is reinventing how industries address complex environmental changes. Founded to accelerate the transition to a more sustainable economy, Hexagon is leveraging existing owned technology to be applied to new, sustainable industries, as profit-driven investments in green tech projects.
“There has never been a time more important for companies to unite and respond to all of the needs of our stakeholders. We’re at a historic crossroads on the path to sustainability. One that cannot be solved without leadership from all companies and governments,” Luthström said. “At Hexagon, we believe our purpose is something to be shared with our customers and with all of those who have joined in what is possibly the most important and historic effort in our lifetime. The benefits of scaled sustainability are greater than ever before, while the cost of inaction continues to rise. It’s time for a significant shift to a new sustainable economy. Let’s do this together.”
To learn more about Hexagon’s commitment to a more sustainable future, click here.