Hexcel Corp

Common Name
Hexcel
Country
United States
Sector
Industrials
Industry
Aerospace & Defense
Employees
5,894
Ticker
HXL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Hexcel Corporation is a leading manufacturer of advanced composite materials and engineered products, primarily serving the aerospace and defense sectors. The company's primary function is to supply h...

Hexcel's GHG Emissions Data Preview

In 2024, Hexcel 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).

Hexcel has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Hexcel’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 Hexcel’s data sources below and access millions more through our Disclosure Search.

a. Hexcel's Sustainability Report 2024
a. Hexcel's Sustainability Report 2024
b. Hexcel's ESG Data Spreadsheet 2023
b. Hexcel's ESG Data Spreadsheet 2023

Insights into Hexcel's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hexcel amounted to 335,329 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 Hexcel decreased by 0.01%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Hexcel's Scope 1 Emissions Over Time

20192021202220232024050 k100 k150 k200 ktCO2e-29%+35%-1%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Hexcel's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hexcel were 180,594 metric tons of CO₂ equivalent (tCO₂e). a

Has Hexcel reduced its Scope 1 emissions over time?

Since 2019, Hexcel's Scope 1 emissions have decreased by 8.07%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Hexcel's Scope 1 emissions decreased by 2.62%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Hexcel's Scope 2 emissions?

In 2024, Hexcel reported Scope 2 greenhouse gas (GHG) emissions of 161,233 tCO₂e using the market-based method and 154,735 tCO₂e using the location-based method. a

Has Hexcel reduced its Scope 2 emissions over time?

Since 2019, Hexcel's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 22.37%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Hexcel's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hexcel 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Hexcel use for Scope 2 reporting?

In 2024, Hexcel reported its Scope 2 emissions using the market-based method and using the location-based method. a

Hexcel's Scope 2 Emissions Over Time

20192021202220232024055 k110 k165 k220 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hexcel's Value Chain Emissions

In 2024, Hexcel reported 1,879 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 Hexcel includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Hexcel's Scope 3 Emissions Over Time

2023202405001 k1.5 k2 ktCO2e-6%
  • Total Scope 3
  • Year-over-Year Change

What are Hexcel's Scope 3 emissions?

In 2024, Hexcel reported total Scope 3 emissions of 1,879 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Hexcel's Scope 3 emissions remained relatively stable, indicating that Hexcel 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Hexcel disclose?

In 2024, Hexcel reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

In 2024, the largest contributors to Hexcel's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 1,879 tCO₂e (100%)

Hexcel's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Hexcel’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Hexcel reported Scope 1 greenhouse gas (GHG) emissions of 180,594 tCO₂e and total revenues of USD 1,903 millions. This translates into an emissions intensity of 94.9 tCO₂e per millions USD. a

Hexcel's Scope 1 Emissions Intensity Compared to Peers

2,00010,00050,000500,0002,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)Lockheed MartinYear: 2024Scope 1: 294,431 tCO2eRevenue: $M 71,043Scope 1 Intensity: 4.14 tCO2e/$MNorthrop GrummanYear: 2024Scope 1: 284,710 tCO2eRevenue: $M 41,033Scope 1 Intensity: 6.94 tCO2e/$MCurtiss-WrightYear: 2024Scope 1: 16,477 tCO2eRevenue: $M 3,121Scope 1 Intensity: 5.28 tCO2e/$MTransDigm GroupYear: 2023Scope 1: 42,622 tCO2eRevenue: $M 6,585Scope 1 Intensity: 6.47 tCO2e/$MSpirit AeroSystems HoldingsYear: 2022Scope 1: 135,663 tCO2eRevenue: $M 5,030Scope 1 Intensity: 26.97 tCO2e/$MHowmet AerospaceYear: 2024Scope 1: 390,000 tCO2eRevenue: $M 7,430Scope 1 Intensity: 52.49 tCO2e/$MGeneral ElectricYear: 2024Scope 1: 283,359 tCO2eRevenue: $M 38,702Scope 1 Intensity: 7.32 tCO2e/$MTextronYear: 2023Scope 1: 241,593 tCO2eRevenue: $M 13,683Scope 1 Intensity: 17.66 tCO2e/$MHuntington Ingalls IndustriesYear: 2024Scope 1: 80,948 tCO2eRevenue: $M 11,535Scope 1 Intensity: 7.02 tCO2e/$MStandardAeroYear: 2024Scope 1: 44,332 tCO2eRevenue: $M 5,237Scope 1 Intensity: 8.46 tCO2e/$ML3Harris TechnologiesYear: 2024Scope 1: 73,961 tCO2eRevenue: $M 21,325Scope 1 Intensity: 3.47 tCO2e/$MBWX TechnologiesYear: 2024Scope 1: 28,506 tCO2eRevenue: $M 2,704Scope 1 Intensity: 10.54 tCO2e/$MGeneral DynamicsYear: 2023Scope 1: 323,044 tCO2eRevenue: $M 42,272Scope 1 Intensity: 7.64 tCO2e/$MRTXYear: 2024Scope 1: 542,229 tCO2eRevenue: $M 80,738Scope 1 Intensity: 6.72 tCO2e/$MPlug PowerYear: 2023Scope 1: 10,180 tCO2eRevenue: $M 891Scope 1 Intensity: 11.42 tCO2e/$MCraneYear: 2023Scope 1: 13,970 tCO2eRevenue: $M 2,086Scope 1 Intensity: 6.70 tCO2e/$MKirbyYear: 2023Scope 1: 770,400 tCO2eRevenue: $M 3,092Scope 1 Intensity: 249.19 tCO2e/$MTopBuildYear: 2024Scope 1: 133,512 tCO2eRevenue: $M 5,330Scope 1 Intensity: 25.05 tCO2e/$MValmont IndustriesYear: 2024Scope 1: 113,873 tCO2eRevenue: $M 4,075Scope 1 Intensity: 27.94 tCO2e/$MApplied Industrial TechnologiesYear: 2025Scope 1: 32,283 tCO2eRevenue: $M 4,563Scope 1 Intensity: 7.07 tCO2e/$MBoeingYear: 2024Scope 1: 517,000 tCO2eRevenue: $M 66,517Scope 1 Intensity: 7.77 tCO2e/$MA O SmithYear: 2019Scope 1: 71,824 tCO2eRevenue: $M 2,993Scope 1 Intensity: 24.00 tCO2e/$MESABYear: 2024Scope 1: 49,000 tCO2eRevenue: $M 2,741Scope 1 Intensity: 17.88 tCO2e/$MMoogYear: 2024Scope 1: 12,538 tCO2eRevenue: $M 3,609Scope 1 Intensity: 3.47 tCO2e/$MHexcelYear: 2024Scope 1: 180,594 tCO2eRevenue: $M 1,903Scope 1 Intensity: 94.90 tCO2e/$M

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

In 2024, Hexcel reported a Scope 1 emissions intensity of 94.9 tCO₂e per millions USD. Compared to the peer group median of 7.71 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Hexcel rank on GHG emissions intensity within its industry?

In 2024, Hexcel ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Hexcel among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Hexcel's Total Carbon Footprint

In 2024, Hexcel reported a total carbon footprint of 337,208 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.04% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Hexcel's total carbon footprint was Scope 1 emissions, accounting for 53.56% of the company's total carbon footprint, followed by Scope 2 emissions at 45.89%. a

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