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OrganisationsHexagon Composites
Hexagon Composites logo

Hexagon Composites

Electrical Machinery ManufacturingNorwayPNK: HXGCF
Last verified 9 months agohexagongroup.com

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.

79
DitchCarbon score

+43 vs industry average

Hexagon Composites’s score of 79 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Low

Electrical Machinery Manufacturing has below-average carbon intensity

Industry performance

0.110
20192025

The Electrical Machinery Manufacturing industry has reduced its overall emissions by 37% since 2019

Emissions trajectory 2020 – 2028

000.0M000.0M000.0M00.0M0

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202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Hexagon Composites's reported carbon emissions

In 2025, Hexagon Composites reported total greenhouse gas emissions of approximately 155.5 million kg CO2e, comprising 2.5 million kg CO2e from Scope 1, 2.3 million kg CO2e from Scope 2 (market-based), and 150.7 million kg CO2e from Scope 3 emissions. This represents a significant increase from 2024, where total emissions were approximately 270.7 million kg CO2e, with Scope 1 at 2.6 million kg CO2e, Scope 2 at 1.9 million kg CO2e (market-based), and Scope 3 at 266.2 million kg CO2e. Hexagon Composites has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 54.6% by 2033 from a 2022 baseline. Additionally, it aims to reduce 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' commitment to addressing climate change and reducing its carbon footprint in the electrical equipment and machinery sector.

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Hexagon Composites’s Climate Goals (2030 & 2050)

2 goals

2025

We aim to reduce our Scope 2 emissions to near zero by the m…

We aim to reduce our Scope 2 emissions to near zero by the middle of this decade.

Behind target0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 2 climate goals

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2033 targetSee details
Active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Hexagon Composites logoHexagon Composites
NOElectrical Machinery Manufacturing
9 months ago
79
Siemens logoSiemens
DEAutomatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
1 day ago
100
View
Linde logoLinde
GBOther Basic Inorganic Chemical Manufacturing
23 days ago
80
View
BASF SE logoBASF SE
DEChemicals
4 hours ago
80
View
Ge Aerospace logoGe Aerospace
USElectrical Machinery Manufacturing
13 days ago
59
View
Air Products And Chemicals logoAir Products And Chemicals
USResearch Services
9 days ago
41
View
Worthington Industries logoWorthington Industries
USOther Non-Ferrous Metal Products
23 days ago
41
View

Frequently asked questions

Common questions about Hexagon Composites’s sustainability data and climate commitments

In 2025, Hexagon Composites reported total greenhouse gas emissions of approximately 155.5 million kg CO₂e. This includes around 2.5 million kg CO₂e from Scope 1 emissions, about 2.3 million kg CO₂e from Scope 2 emissions, and the vast majority, approximately 150.7 million kg CO₂e, from Scope 3 emissions. This data highlights the significant impact of their supply chain activities on overall emissions, emphasizing the need for targeted reduction strategies.

Data year: 2025

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