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 67 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hexagon Composites's reported carbon emissions
In 2023, Hexagon Composites reported total greenhouse gas emissions of approximately 29,605,000 kg CO2e. This figure includes 2,735,000 kg CO2e from Scope 1 emissions, 9,262,000 kg CO2e from Scope 2 emissions, and a significant 2,244,749,000 kg CO2e from Scope 3 emissions, which primarily stem from purchased goods and services. Hexagon Composites has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 54.6% by 2033, using 2022 as the baseline year. Additionally, it aims to decrease Scope 3 emissions by 61.1% per cubic meter of container volume sold within the same timeframe. Long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions per cubic meter sold by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect Hexagon Composites's commitment to addressing climate change through significant emissions reductions. The company is headquartered in Norway and operates within the electrical equipment and machinery sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,804,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,692,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
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 committed to some reduction initiatives 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.
