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 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 manufactures products such as natural gas storage and delivery systems, composite natural gas cylinders, natural gas fuel systems, and innovative cylinder testing and monitoring technologies that enhance safety, reduce downtime, and lower inspection costs. It operates through key segments including Hexagon Agility, which delivers clean fuel solutions for commercial vehicles and gas transportation; Hexagon Purus for zero-emission mobility technologies; Hexagon Digital Wave for advanced testing; and Hexagon Ragasco LPG for composite LPG cylinders. Serving industries like mobility, energy distribution, and commercial transportation, Hexagon Composites ASA supports the transition to sustainable fuels worldwide. Founded in 1985 and headquartered in Ålesund, Norway, the company maintains a presence across Europe, North America, Southeast Asia, the Middle East, and other regions, playing a vital role in advancing low-emission infrastructure and alternative energy adoption in the global market.
In 2024, Hexagon Composites was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Hexagon Composites has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Hexagon Composites are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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Limited Data Preview
You are viewing a limited preview of Hexagon Composites’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Hexagon Composites’s EU Taxonomy 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. Explore Hexagon Composites’s data sources below and access millions more through our Disclosure Search.
a. Hexagon Composites's Annual Report 2024
b. Hexagon Composites's Annual Report 2022
Insights into Hexagon Composites's Revenues from Sustainable Activities
In 2024, Hexagon Composites reported EU Taxonomy-eligible revenues of NOK 4.83 billion, representing 99% of its total turnover. Of this amount, NOK 2.50 billion of Hexagon Composites's revenues was classified as EU Taxonomy-aligned, indicating that 51% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Hexagon Composites's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Hexagon Composites's revenues become more sustainable over time?
Compared to the previous year (2023), Hexagon Composites's taxonomy-aligned revenues decreased by 8.93%, suggesting that Hexagon Composites may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a
How much of Hexagon Composites's revenue is eligible under the EU Taxonomy?
In 2024, Hexagon Composites reported that NOK 4.83 billion of its revenue was eligible under the EU Taxonomy, representing 99% of the company's total turnover. Of this amount, NOK 2.50 billion (51% of total revenue) was classified as Taxonomy-aligned. This means that 48% of Hexagon Composites's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Hexagon Composites's eligible revenue is aligned with the EU Taxonomy?
In 2024, Hexagon Composites reported that NOK 2.50 billion of its revenue was aligned under the EU Taxonomy, representing 51% of its total turnover.a
This strong alignment suggests that Hexagon Composites has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.
Hexagon Composites's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Hexagon Composites's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Hexagon Composites reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 51%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Hexagon Composites earn from selling climate-related solutions ?
In 2024, Hexagon Composites reported that NOK 2.49 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 51% of the company's total revenue,indicating that Hexagon Compositesprimarily focuseson solutions that support climate action through its commercial activities.a
Insights into Hexagon Composites's CAPEX from Sustainable Activities
In 2024, Hexagon Composites reported EU Taxonomy-eligible CAPEX of NOK 503.00 million,representing 99% of its total CAPEX. Of this amount, NOK 329.00 million of Hexagon Composites's CAPEX was classified as EU Taxonomy-aligned, indicating that 65% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Hexagon Composites's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Hexagon Composites's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Hexagon Composites's taxonomy-aligned CAPEX increased by 1.56%,highlighting Hexagon Composites's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a
How much of Hexagon Composites's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Hexagon Composites reported that NOK 503.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 99% of the company's total CAPEX. Of this amount, NOK 329.00 million (65% of total CAPEX) was classified as Taxonomy-aligned. This means that 34% of Hexagon Composites's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Hexagon Composites's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Hexagon Composites reported that NOK 329.00 million of its CAPEX was aligned under the EU Taxonomy, representing 65% of its total capital investment.a
This strong alignment suggests that Hexagon Composites is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Hexagon Composites's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Hexagon Composites's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Hexagon Composites reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 65%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Hexagon Composites is investing in climate-related solutions?
In 2024, Hexagon Composites allocated NOK 330.20 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 65% of the company's total capital expenditure,indicating that Hexagon Compositesis prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Hexagon Composites's OPEX from Sustainable Activities
In 2024, Hexagon Composites reported EU Taxonomy-eligible OPEX of NOK 71.00 million,representing 94% of its total operating expenses (OPEX). Of this amount, NOK 42.00 million of Hexagon Composites's OPEX was classified as EU Taxonomy-aligned, indicating that 56% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Hexagon Composites's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Hexagon Composites's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Hexagon Composites's taxonomy-aligned OPEX increased by 3.7%,highlighting Hexagon Composites's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a
How much of Hexagon Composites's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Hexagon Composites reported that NOK 71.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 94% of the company's total OPEX. Of this amount, NOK 42.00 million (56% of total OPEX) was classified as Taxonomy-aligned. This means that 38% of Hexagon Composites's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Hexagon Composites's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Hexagon Composites reported that NOK 42.00 million of its OPEX was aligned under the EU Taxonomy, representing 56% of its total operational expenditure.a
This strong alignment suggests that Hexagon Composites is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.
Hexagon Composites's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Hexagon Composites's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Hexagon Composites reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 56%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Hexagon Composites's operational budget supports climate-related solutions?
In 2024, Hexagon Composites allocated NOK 42.00 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 56% of the company's total OPEX,indicating that Hexagon Compositesis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.a
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