Hexagon Composites
Hexagon Composites, a leading global provider of composite pressure vessels, is headquartered in Norway. Founded in 1993, the company has established a strong presence in key operational regions, including Europe, North America, and Asia. Specialising in the development and production of lightweight composite materials, Hexagon Composites serves various industries, including transportation, industrial, and energy sectors. The company is renowned for its innovative solutions, such as high-pressure gas storage systems and composite cylinders, which are designed to enhance safety and efficiency. With a commitment to sustainability, Hexagon Composites has achieved significant milestones, including partnerships with major players in the hydrogen and natural gas markets. As a pioneer in the composite industry, Hexagon Composites continues to solidify its market position through cutting-edge technology and a focus on environmental responsibility.
DitchCarbon Score
How does Hexagon Composites's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hexagon Composites's score of 87 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hexagon Composites's reported carbon emissions
In 2024, Hexagon Composites reported total greenhouse gas emissions of approximately 271,012,000 kg CO2e. This includes Scope 1 emissions of about 2,637,000 kg CO2e, Scope 2 emissions of approximately 1,863,000 kg CO2e (market-based), and a significant Scope 3 total of around 269,490,000 kg CO2e. The company has set ambitious near-term targets to reduce absolute Scope 1 and 2 emissions by 54.6% by 2033 from a 2022 baseline, and to achieve a 61.1% reduction in Scope 3 emissions per cubic metre of container volume sold within the same timeframe. Hexagon Composites is committed to reaching net-zero greenhouse gas emissions across its value chain by 2050. Long-term targets include a 90% reduction in absolute Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions per cubic metre of container volume sold, both by 2050 from a 2022 base year. The company’s targets are aligned with the Science Based Targets initiative (SBTi) and are designed to limit global warming to 1.5°C. The emissions data and reduction targets are sourced directly from Hexagon Composites ASA, with no data cascaded from a parent or related organization.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,804,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,692,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hexagon Composites is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
