Hexpol AB

Common Name
Hexpol
Country
Sweden
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
4,981
Ticker
HPOL B
Exchange
NASDAQ STOCKHOLM AB
Description
HEXPOL AB (publ) develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia. It ...

Hexpol's GHG Emissions Data Preview

In 2024, Hexpol 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).

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

a. Hexpol's Annual Report 2024
a. Hexpol's Annual Report 2024
b. Hexpol's Annual Report 2023
b. Hexpol's Annual Report 2023

Insights into Hexpol's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hexpol amounted to 122,285 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 Hexpol decreased by 3.7%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Hexpol's Scope 1 Emissions Over Time

201920222023202405.5 k11 k16.5 k22 ktCO2e-20%+27%-6%
  • Total Scope 1
  • Year-over-Year Change

What are Hexpol's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hexpol were 18,918 metric tons of CO₂ equivalent (tCO₂e). a

Has Hexpol reduced its Scope 1 emissions over time?

Since 2019, Hexpol's Scope 1 emissions have decreased by 4.8%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Hexpol's Scope 1 emissions decreased by 6.42%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Hexpol's Scope 2 emissions?

In 2024, Hexpol reported Scope 2 greenhouse gas (GHG) emissions of 61,845 tCO₂e using the market-based method and 103,367 tCO₂e using the location-based method. a

Has Hexpol reduced its Scope 2 emissions over time?

Since 2019, Hexpol's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 28.21%, reflecting a declining long-term trend in Scope 2 emissions over time. a

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

What methodology does Hexpol use for Scope 2 reporting?

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

Hexpol's Scope 2 Emissions Over Time

2019202220232024040 k80 k120 k160 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hexpol's Value Chain Emissions

In 2024, Hexpol reported 26,661 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 Hexpol 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

Hexpol's Scope 3 Emissions Over Time

201920232024010 k20 k30 k40 ktCO2e-29%-2%
  • Total Scope 3
  • Year-over-Year Change

What are Hexpol's Scope 3 emissions?

In 2024, Hexpol reported total Scope 3 emissions of 26,661 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

Has Hexpol reduced its Scope 3 emissions over time?

Since 2019, Hexpol's Scope 3 emissions have decreased by 30.39%, reflecting a declining long-term trend in Scope 3 emissions over time. a

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

What categories of Scope 3 emissions does Hexpol disclose?

In 2024, Hexpol 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 Hexpol's Scope 3 emissions?

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

  • Fuel- and Energy-Related Services (Cat. 3): 26,661 tCO₂e (100%)

Hexpol's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(100.0%)

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

In 2024, Hexpol reported Scope 1 greenhouse gas (GHG) emissions of 18,918 tCO₂e and total revenues of USD 1,855 millions. This translates into an emissions intensity of 10.2 tCO₂e per millions USD. a

Hexpol's Scope 1 Emissions Intensity Compared to Peers

201,00050,0002,000,00050,000,000Scope 1 Emissions (tCO2e)1002,00050,0001,000,00020,000,000Revenues (Millions of USD)KGNKansai Nerolac PaintsYear: 2024Scope 1: 7,886 tCO2eRevenue: $M 932Scope 1 Intensity: 8.47 tCO2e/$MSao MartinhoYear: 2023Scope 1: 633,213 tCO2eRevenue: $M 1,301Scope 1 Intensity: 486.57 tCO2e/$MKoppers HoldingsYear: 2024Scope 1: 341,773 tCO2eRevenue: $M 2,092Scope 1 Intensity: 163.36 tCO2e/$MBerger Paints IndiaYear: 2025Scope 1: 22,232 tCO2eRevenue: $M 1,341Scope 1 Intensity: 16.58 tCO2e/$MTinci MaterialsYear: 2024Scope 1: 89,298 tCO2eRevenue: $M 1,715Scope 1 Intensity: 52.06 tCO2e/$MAarti IndustriesYear: 2024Scope 1: 605,619 tCO2eRevenue: $M 743Scope 1 Intensity: 815.48 tCO2e/$MVerbioYear: 2024Scope 1: 294,723 tCO2eRevenue: $M 1,776Scope 1 Intensity: 165.99 tCO2e/$MLintecYear: 2023Scope 1: 91,490 tCO2eRevenue: $M 2,137Scope 1 Intensity: 42.82 tCO2e/$MSKCYear: 2024Scope 1: 457,430 tCO2eRevenue: $M 1,173Scope 1 Intensity: 389.89 tCO2e/$MNan Pao Resins ChemicalYear: 2022Scope 1: 10,229 tCO2eRevenue: $M 716Scope 1 Intensity: 14.29 tCO2e/$MBASF IndiaYear: 2025Scope 1: 17,751 tCO2eRevenue: $M 1,784Scope 1 Intensity: 9.95 tCO2e/$MKKKB ComponentsYear: 2024Scope 1: 51 tCO2eRevenue: $M 247Scope 1 Intensity: 0.21 tCO2e/$MMinerals TechnologiesYear: 2023Scope 1: 351,590 tCO2eRevenue: $M 2,170Scope 1 Intensity: 162.03 tCO2e/$MPCBL ChemicalYear: 2023Scope 1: 709,970 tCO2eRevenue: $M 701Scope 1 Intensity: 1,013.40 tCO2e/$MIngevityYear: 2021Scope 1: 252,925 tCO2eRevenue: $M 1,391Scope 1 Intensity: 181.76 tCO2e/$MInnospecYear: 2023Scope 1: 53,899 tCO2eRevenue: $M 1,949Scope 1 Intensity: 27.66 tCO2e/$MHawkinsYear: 2023Scope 1: 34,033 tCO2eRevenue: $M 935Scope 1 Intensity: 36.40 tCO2e/$MQuaker ChemicalYear: 2023Scope 1: 25,000 tCO2eRevenue: $M 1,953Scope 1 Intensity: 12.80 tCO2e/$MBorregaardYear: 2023Scope 1: 132,772 tCO2eRevenue: $M 702Scope 1 Intensity: 189.04 tCO2e/$MSQMYear: 2024Scope 1: 504,928 tCO2eRevenue: $M 4,352,828Scope 1 Intensity: 0.12 tCO2e/$MSOLYear: 2024Scope 1: 59,050 tCO2eRevenue: $M 1,676Scope 1 Intensity: 35.24 tCO2e/$MGGGuangdong Hongda Holdings GroupYear: 2023Scope 1: 19,327 tCO2eRevenue: $M 1,624Scope 1 Intensity: 11.90 tCO2e/$MFufeng GroupYear: 2024Scope 1: 13,464,224 tCO2eRevenue: $M 4,160Scope 1 Intensity: 3,236.80 tCO2e/$MTokai CarbonYear: 2023Scope 1: 1,900,000 tCO2eRevenue: $M 2,573Scope 1 Intensity: 738.34 tCO2e/$MNNNingbo ShanshanYear: 2023Scope 1: 36,734 tCO2eRevenue: $M 2,683Scope 1 Intensity: 13.69 tCO2e/$MHexpolYear: 2024Scope 1: 18,918 tCO2eRevenue: $M 1,855Scope 1 Intensity: 10.20 tCO2e/$M

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

In 2024, Hexpol reported a Scope 1 emissions intensity of 10.2 tCO₂e per millions USD. Compared to the peer group median of 42.82 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

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

In 2024, Hexpol ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Hexpol among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Hexpol's Total Carbon Footprint

In 2024, Hexpol reported a total carbon footprint of 148,946 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.48% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Hexpol's total carbon footprint was Scope 2 emissions, accounting for 69.4% of the company's total carbon footprint, followed by Scope 3 emissions at 17.9%. a

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