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Hexagon Composites ASA

Common Name
Hexagon Composites
Country
Norway
Sector
Consumer Cyclical
Industry
Packaging & Containers
Employees
1,005
Ticker
HEX
Exchange
Oslo Børs
Description
Hexagon Composites ASA is a global provider of clean energy technology specializing in composite solutions for gas storage, distribution, fuel systems, and drivetrains. The company develops and manufa...

Hexagon Composites's Climate Target Data Preview

As of 2025, Hexagon Composites has disclosed 18 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 15 absolute reduction targets and 3 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hexagon Composites's climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-15%a
2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-40%a
2030
Absolute-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
-44%a
2030
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-40%a
2030
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-40%a
2030
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-40%a
2030
Absolute-based Target*
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
-55%a
2033
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-55%a
2033
Absolute-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
-61%a
2033
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-55%a
2033
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-55%a
2033
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-55%a
2033
Absolute-based Target*
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
-90%a
2050
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-90%a
2050
Absolute-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
-97%a
2050
Intensity-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Cubic Meter (m3) of Other Product (Unlisted) Sold/Delivered
-44%a
2030
Intensity-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Cubic Meter (m3) of Other Product (Unlisted) Sold/Delivered
-61%a
2033
Intensity-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Cubic Meter (m3) of Other Product (Unlisted) Sold/Delivered
-97%a
2050
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Hexagon Composites’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Hexagon Composites's Annual Report 2025

Insights into Hexagon Composites's Greenhouse Gas Emissions Pathways

As of 2025, Hexagon Composites has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a

Does Hexagon Composites have a target to reduce the emissions from its operations?

As of 2025, Hexagon Composites has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a

Hexagon Composites's most ambitious operational target is to reduce these emissions by 90% by 2050, compared to a baseline of 11,817 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a

As of 2025, Hexagon Composites is ahead of schedule on its operational emissions reduction target, having achieved 66.19% of the planned reduction.a

Hexagon Composites's Operational (Scope 1+2) Emissions Pathway

2022202520302033205003 k6 k9 k12 kBaselineCurrent (-60%)Target 2025 (-15%)Target 2030 (-40%)Target 2050 (-90%)

Does Hexagon Composites have a target to reduce the emissions from its value chain?

As of 2025, Hexagon Composites has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a

Hexagon Composites's most ambitious value chain target is to reduce these emissions by 97% by 2050, compared to a baseline of 210,448 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a

As of 2025, Hexagon Composites is ahead of schedule on its value chain emissions reduction target, having achieved 29.27% of the planned reduction.a

Hexagon Composites's Value Chain (Scope 3) Emissions Pathway

20222025203020332050055 k110 k165 k220 kBaselineCurrent (-28%)Target 2030 (-44%)Target 2033 (-61%)Target 2050 (-97%)
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