Hexagon Composites ASA
Hexagon Composites's GHG Emissions Data Preview
In 2024, Hexagon Composites completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Hexagon Composites has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Hexagon Composites’s Greenhouse Gas (GHG) Emissions 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.
Insights into Hexagon Composites's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Hexagon Composites amounted to 8,338 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hexagon Composites decreased by 19.22%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Hexagon Composites's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hexagon Composites's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hexagon Composites were 2,637 metric tons of CO₂ equivalent (tCO₂e). a
Has Hexagon Composites reduced its Scope 1 emissions over time?
Since 2019, Hexagon Composites's Scope 1 emissions have decreased by 10.97%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Hexagon Composites's Scope 1 emissions decreased by 1.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Hexagon Composites's Scope 2 emissions?
In 2024, Hexagon Composites reported Scope 2 greenhouse gas (GHG) emissions of 1,863 tCO₂e using the market-based method and 5,701 tCO₂e using the location-based method. a
Has Hexagon Composites reduced its Scope 2 emissions over time?
Since 2019, Hexagon Composites's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 22.14%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Hexagon Composites's Scope 2 emissions (Location-Based) fell by 25.55% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Hexagon Composites use for Scope 2 reporting?
In 2024, Hexagon Composites reported its Scope 2 emissions using the market-based method and using the location-based method. a
Hexagon Composites's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Hexagon Composites's Value Chain Emissions
In 2024, Hexagon Composites reported 269,490 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Hexagon Composites includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Hexagon Composites's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hexagon Composites's Scope 3 emissions?
In 2024, Hexagon Composites reported total Scope 3 emissions of 269,490 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 75.66% of these emissions originated from upstream activities such as purchased goods and capital goods, while 24.34% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Hexagon Composites's Scope 3 emissions increased by 25.99%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Hexagon Composites disclose?
In 2024, Hexagon Composites reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Hexagon Composites's Scope 3 emissions?
In 2024, the largest contributors to Hexagon Composites's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 186,016 tCO₂e (69.03%)
- Investments (Cat. 15): 49,968 tCO₂e (18.54%)
- Use of Sold Products (Cat. 11): 15,558 tCO₂e (5.77%)
Hexagon Composites's Scope 3 Emissions by Categories
Insights into Hexagon Composites’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hexagon Composites reported Scope 1 greenhouse gas (GHG) emissions of 2,637 tCO₂e and total revenues of USD 428 millions. This translates into an emissions intensity of 6.16 tCO₂e per millions USD. a
Hexagon Composites's Scope 1 Emissions Intensity Compared to Peers
How does Hexagon Composites's GHG emissions intensity compare to its peers?
In 2024, Hexagon Composites reported a Scope 1 emissions intensity of 6.16 tCO₂e per millions USD. Compared to the peer group median of 32.7 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Hexagon Composites rank on GHG emissions intensity within its industry?
In 2024, Hexagon Composites ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Hexagon Composites among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Hexagon Composites's Total Carbon Footprint
In 2024, Hexagon Composites reported a total carbon footprint of 277,828 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.91% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Hexagon Composites's total carbon footprint was Scope 3 emissions, accounting for 97% of the company's total carbon footprint, followed by Scope 2 emissions at 2.05%. a