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Public Profile
Insurance Services
NO
updated 2 months ago

Hexagon Ragasco Sustainability Profile

Company website

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.

54

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.

31

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.

71%

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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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hexagon Ragasco's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Hexagon Ragasco's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hexagon Ragasco is in NO, which has a very low grid carbon intensity relative to other regions.

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.

Top Scope 3 Categories

2022
Purchased Goods and Services
798%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Hexagon Ragasco's Emissions with Industry Peers

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Parker Hannifin

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Fabricated metal products, except machinery and equipment (28)
Updated 11 days ago

Royal Dutch Shell

GB
•
Crude petroleum and services related to crude oil extraction, excluding surveying
Updated 1 day ago

Sahamitr Pressure Container Plc

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Gas Works Gas
Updated 2 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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