Hexagon Composites

Hexagon Composites, headquartered in Norway and operating in the Electrical machinery and apparatus sector, reported total carbon emissions of approximately 155,488,000 kg CO2e in 2025. This includes Scope 1 emissions of 2,507,000 kg CO2e, market-based Scope 2 emissions of 2,271,000 kg CO2e, and Scope 3 emissions of 150,711,000 kg CO2e.

Looking back, their total emissions were approximately 270,708,000 kg CO2e in 2024, comprising 2,637,000 kg CO2e from Scope 1, 1,863,000 kg CO2e (market-based) from Scope 2, and 266,208,000 kg CO2e from Scope 3. In 2023, the total emissions were about 222,265,000 kg CO2e, with Scope 1 at 2,665,000 kg CO2e, market-based Scope 2 at 4,445,000 kg CO2e, and Scope 3 at 213,903,000 kg CO2e.

Hexagon Composites has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). They aim to achieve net-zero greenhouse gas emissions across their value chain by 2050.

Their near-term targets, with a base year of 2022, include:

• A 54.6% absolute reduction in Scope 1 and market-based Scope 2 GHG emissions by 2033.
• A 61.1% reduction in Scope 3 GHG emissions per cubic meter of container volume sold by 2033.
• A 54.6% absolute reduction in Scope 3 GHG emissions from the use of sold products for sold fossil fuels by 2033.

For the long term, by 2050 (also from a 2022 base year), their targets are:

• A 90% absolute reduction in Scope 1 and market-based Scope 2 GHG emissions.
• A 97% reduction in Scope 3 GHG emissions per cubic meter of container volume sold.
• A 90% absolute reduction in Scope 3 GHG emissions from the use of sold products for sold fossil fuels.

Additionally, the company aims to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2023-2025).