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Hexagon Composites ASA

Common Name
Hexagon Composites
Country
Norway
Sector
Consumer Cyclical
Industry
Packaging & Containers
Employees
868
Ticker
HEX
Exchange
OSLO BORS
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 GHG Emissions Data Preview

In 2025, 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 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202520242023
2022 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Hexagon Composites’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified 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.

a. Hexagon Composites's Annual Report 2025
b. Hexagon Composites's Sustainability Report 2020

Insights into Hexagon Composites's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Hexagon Composites amounted to 7,800 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 2024, the total operational greenhouse gas (GHG) emissions of Hexagon Composites decreased by 6.45%, 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

20192020202220232024202509001.8 k2.7 k3.6 ktCO2e-5%+23%-23%-1%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Hexagon Composites's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Hexagon Composites were 2,507 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 15.36%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2024), Hexagon Composites's Scope 1 emissions decreased by 4.93%, 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 2025, Hexagon Composites reported Scope 2 greenhouse gas (GHG) emissions of 2,271 tCO₂e using the market-based method and 5,293 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 27.71%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2024), Hexagon Composites's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hexagon Composites's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Hexagon Composites use for Scope 2 reporting?

In 2025, 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

20192020202220232024202503 k6 k9 k12 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hexagon Composites's Value Chain Emissions

In 2025, Hexagon Composites reported 150,711 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 2025 disclosure of Hexagon Composites includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Hexagon Composites's Scope 3 Emissions Over Time

20202022202320242025070 k140 k210 k280 ktCO2e+244%+2%+24%-43%
  • Total Scope 3
  • Year-over-Year Change

What are Hexagon Composites's Scope 3 emissions?

In 2025, Hexagon Composites reported total Scope 3 emissions of 150,711 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 72.4% of these emissions originated from upstream activities such as purchased goods and capital goods, while 27.6% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2024), Hexagon Composites's Scope 3 emissions decreased by 43.39%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Hexagon Composites disclose?

In 2025, Hexagon Composites reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Hexagon Composites's Scope 3 emissions?

In 2025, the largest contributors to Hexagon Composites's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 95,021 tCO₂e (64.95%)
  • Investments (Cat. 15): 25,750 tCO₂e (17.6%)
  • Use of Sold Products (Cat. 11): 14,580 tCO₂e (9.97%)

Hexagon Composites's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(10.0%)Investments(Cat. 15)(17.6%)Purchased Goods andServices (Cat. 1)(65.0%)

Insights into Hexagon Composites’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Hexagon Composites reported Scope 1 greenhouse gas (GHG) emissions of 2,507 tCO₂e and total revenues of USD 293 millions. This translates into an emissions intensity of 8.54 tCO₂e per millions USD.a

Hexagon Composites's Scope 1 Emissions Intensity Compared to Peers

2005,000100,0002,000,00020,000,000Scope 1 Emissions (tCO2e)502002,00010,00050,000Revenues (Millions of USD)NCSTMNNNihon Yamamura GlassYear: 2024Scope 1: 184,902 tCO2eRevenue: $M 481Scope 1 Intensity: 384.25 tCO2e/$MGreatview Aseptic PackagingYear: 2023Scope 1: 4,425 tCO2eRevenue: $M 362Scope 1 Intensity: 12.23 tCO2e/$MElopakYear: 2024Scope 1: 4,379 tCO2eRevenue: $M 1,203Scope 1 Intensity: 3.64 tCO2e/$MCCCabkaYear: 2024Scope 1: 3,914 tCO2eRevenue: $M 189Scope 1 Intensity: 20.68 tCO2e/$MCCL IndustriesYear: 2024Scope 1: 153,340 tCO2eRevenue: $M 5,037Scope 1 Intensity: 30.45 tCO2e/$MYUTOYear: 2024Scope 1: 21,504 tCO2eRevenue: $M 2,351Scope 1 Intensity: 9.15 tCO2e/$MViscofanYear: 2024Scope 1: 349,124 tCO2eRevenue: $M 1,253Scope 1 Intensity: 278.65 tCO2e/$MSSSmurfit WestRockYear: 2024Scope 1: 5,674,000 tCO2eRevenue: $M 21,109Scope 1 Intensity: 268.80 tCO2e/$MTTTon Yi IndustrialYear: 2024Scope 1: 72,866 tCO2eRevenue: $M 1,369Scope 1 Intensity: 53.21 tCO2e/$MYunnan Energy New Material (Group)Year: 2024Scope 1: 347,165 tCO2eRevenue: $M 1,393Scope 1 Intensity: 249.29 tCO2e/$MShanghai Xintonglian PackingYear: 2024Scope 1: 1,370 tCO2eRevenue: $M 120Scope 1 Intensity: 11.41 tCO2e/$MAvery DennisonYear: 2024Scope 1: 238,000 tCO2eRevenue: $M 8,756Scope 1 Intensity: 27.18 tCO2e/$MPackaging Corp of AmericaYear: 2024Scope 1: 2,000,000 tCO2eRevenue: $M 8,383Scope 1 Intensity: 238.57 tCO2e/$MSIG GroupYear: 2025Scope 1: 20,400 tCO2eRevenue: $M 3,819Scope 1 Intensity: 5.34 tCO2e/$MMMMacfarlane GroupYear: 2024Scope 1: 4,535 tCO2eRevenue: $M 339Scope 1 Intensity: 13.36 tCO2e/$MZignago VetroYear: 2024Scope 1: 228,537 tCO2eRevenue: $M 641Scope 1 Intensity: 356.72 tCO2e/$MVeralliaYear: 2024Scope 1: 2,166,000 tCO2eRevenue: $M 3,596Scope 1 Intensity: 602.26 tCO2e/$MSealed AirYear: 2024Scope 1: 158,005 tCO2eRevenue: $M 5,393Scope 1 Intensity: 29.30 tCO2e/$MStora EnsoYear: 2025Scope 1: 990,000 tCO2eRevenue: $M 10,964Scope 1 Intensity: 90.29 tCO2e/$MFuji Seal InternationalYear: 2024Scope 1: 47,501 tCO2eRevenue: $M 1,298Scope 1 Intensity: 36.59 tCO2e/$MArdagh Metal PackagingYear: 2024Scope 1: 157,506 tCO2eRevenue: $M 4,908Scope 1 Intensity: 32.09 tCO2e/$MHexagon CompositesYear: 2025Scope 1: 2,507 tCO2eRevenue: $M 293Scope 1 Intensity: 8.54 tCO2e/$M

How does Hexagon Composites's GHG emissions intensity compare to its peers?

In 2025, Hexagon Composites reported a Scope 1 emissions intensity of 8.54 tCO₂e per millions USD. Compared to the peer group median of 32.09, 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 2025, Hexagon Composites ranked 3 out of 21 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 2025, Hexagon Composites reported a total carbon footprint of 158,511 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 42.26% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Hexagon Composites's total carbon footprint was Scope 3 emissions, accounting for 95.08% of the company's total carbon footprint, followed by Scope 2 emissions at 3.34%.a

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