Hexagon Composites’ net zero targets validated by the Science Based Target initiative

Hexagon Composites, world leader in composite cylinder technology and systems for storage and transportation of clean gaseous energy, has committed to being net zero by 2050. In July 2024, Hexagon’s net zero targets were validated by the Science Based Target initiative (SBTi).

The SBTi defines and promotes best practice in science-based target setting, and independently assesses and approves companies’ targets. Being a provider of solutions that help fleets and OEM’s transition to low-carbon and carbon negative solutions, Hexagon recognizes the importance of reducing its own carbon footprint and is proud to join the over 5,800 businesses around the world that are working with the Science Based Targets initiative (SBTi).

“We are pleased to have received the approval of our science-based net zero targets by SBTi,” says Jon Erik Engeset, CEO Hexagon Composites. “While we enable other industries to accelerate the pace of their emission reductions, we are committed to doing our part to reduce the environmental impact of our operations and support the 1.5-degree target.”

In line with the 1.5-degree trajectory, Hexagon will reduce its direct emissions by 2033, and work with partners and suppliers to be net zero across its value chain by 2050.

Near-term targets:

By 2033, Hexagon commits to reducing 54.6% of absolute scope 1 and 2 emissions and 61% of Scope 3 emissions per cubic meter of container volume sold.

Long-term targets:

By 2050, Hexagon commits to reducing 90% of absolute scope 1 and 2 greenhouse gas emissions, and 97% of Scope 3 emissions per cubic meter of container volume sold.

Hexagon will report its progress on a regular basis.

source:Hexagon Group/www.jeccomposites.com