Hexagon Annual Report 2019

6 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS A word from the CEO In Hexagon we have a strong, values-based culture that guides us in our decision-making processes –also under the current circumstances. This has helped us to stay ahead of the developments and secure early execution of necessary measures. We are closely monitoring the situation and keeping our stakeholders informed. In particular, we keep our employees frequently updated on actions and assess their well-being. We have worked closely with the leaders of our businesses to put in place contingency plans for our loca- tions that aim to secure safety and business continuity. While the consequences for Hexagon have so far been lim- ited, we must expect that also we will experience adverse effects in the coming months, but it is my conviction that we will come out of this crisis an even stronger and more committed organization. TRANSFORMING TIMES Our solutions are designed to positively impact the environment and enhance the quality of life for our global community. Authorities, industry and the public at large see global warming as a threat to civilization. In 2019 millions of people took to the streets to call for action, highlighting the threat climate change poses to our planet and future generations. Sustainable funds allocated USD20.6 billion in new capital in 2019, almost four times the amount of 2018. ALTERNATIVE FUELS The transport sector counts for more than 20% of the climate changing emissions. Hexagon’s strategy is about reducing these emissions and is defined along three axes; gas mobility (g-mobility), elec- tric mobility (e-mobility) and world class manufacturing. Hexagon has a broad spectrum of alternative fuel solutions, including compressed natural gas (CNG), renewable natural gas (RNG), propane, battery and hydrogen fuel cell electric. GAS MOBILITY (G-MOBILITY) In the short to medium term, g-mobility (CNG and RNG) is the most effective alternative for carbon emission reduction. Using a CNG truck can reduce carbon dioxide emissions by over 20% compared to a diesel-fueled truck. Dear Hexagon followers, It is March 20, 2020 as I write this letter. Although an annual report is mainly intended to reflect the previous year’s performance, I cannot ignore the current state-of-affairs and the impact COVID-19 is having on our communities. DRIVING ENERGY TRANSFORMATION