Hexagon Ragasco Sustainability Profile
Hexagon Ragasco, a leading player in the gas cylinder industry, is headquartered in Norway and operates extensively across Europe and beyond. Founded in 2000, the company has established itself as a pioneer in the production of composite LPG cylinders, offering a lightweight and corrosion-resistant alternative to traditional metal cylinders. With a commitment to innovation, Hexagon Ragasco's core products include their unique composite gas cylinders, which are designed for safety and efficiency, making them a preferred choice for both consumers and businesses. The company has achieved significant milestones, including numerous industry certifications and a strong market presence, positioning itself as a trusted name in the energy sector. Hexagon Ragasco continues to lead the way in sustainable gas solutions, contributing to a greener future.
DitchCarbon Score
How does Hexagon Ragasco'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 Insurance Services 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 Ragasco's score of 54 is higher than 71% 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 Ragasco's reported carbon emissions
In 2022, Hexagon Ragasco, headquartered in Norway, reported total carbon emissions of approximately 38,087,850 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 47,860 kg CO2e, while Scope 2 emissions were approximately 249,840 kg CO2e. The majority of their emissions, about 38,087,850 kg CO2e, fell under Scope 3, primarily driven by purchased goods and services, which contributed approximately 304,097,000 kg CO2e. Despite the significant emissions figures, Hexagon Ragasco has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The emissions data is cascaded from their parent company, Worthington Enterprises, Inc., indicating a corporate family relationship that influences their sustainability reporting. As a current subsidiary of Hexagon Ragasco AS, the company is part of a broader commitment to addressing climate change, although specific climate pledges or initiatives have not been detailed. The absence of defined reduction targets suggests an opportunity for Hexagon Ragasco to enhance its climate strategy and align with industry standards for sustainability.
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| 2022 | |
|---|---|
| Scope 1 | 47,860 |
| Scope 2 | 249,840 |
| Scope 3 | 38,087,850 |
How Carbon Intensive is Hexagon Ragasco's Industry?
How Carbon Intensive is Hexagon Ragasco's Location?
Hexagon Ragasco's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Hexagon Ragasco's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hexagon Ragasco has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
