Hexagon Composites : GRI index 2023

GRI index 2023

Global reporting Initiative (GRI) is a independent international standards organisation which has developed the world's most widely used framework for sustainability reporting. The GRI guidelines consist of reporting principles, aspects and indicators that organizations can use to disclose information related to economic, environmental and social performance. This report has been prepared in accordance with the GRI 2021 Universal standards.

The page numbers in the table refers to Hexagon's integrated annual and sustainability report published on 22 March 2023.

GENERAL DISCLOSURES

GRI §	Description	External	Location	Omitted information	Explanation
assurance Comment
Organisational profile
GRI 1:	Requirement 7: Publish	This document
Foundation	a GRI content index
2021
GRI 1:	Requirement 8: Provide		p.53
Foundation	a statement of use
2021
GRI 2-1	Organizational details		p.7
2-2	Entities included in	All entities above 50% ownership.Hexagon Purus	p.163
	the organization's	ASA's numbers are reported per 29 June 2023.
	sustainability reporting
2-3	Reporting period, frequency	This document. Contact on page 200
	and contact point
2-4	Restatements of information		p.70, 74

2 

GRI §	Description	External	Comment	Location	Omitted information	Explanation
assurance
2-5	External assurance		External assurance was performed by EY, which is independent	Independent assurance
			from the Company and the Board of the Directors. The indicators	report on p.99
			marked with (symbol) were externally assured by EY.
2-6	Activities , value chain and		2-6 d) No significant changes to previous reporting period.	a) p.6-7, b) p.7, p.15-18,	2-6 d)	Not applicable. No
	significant changes
	other business relationships			b) ii-iii, c) p.163
				compared to 2022.
2-7	Employees			2-7b iv) p.196	2-7bii-iii,2-7b-v	Not applicable
						for Hexagon's
						operations, as we
						operate with full-
						time employees in
						permanent positions.
2-8	Workers who are not employees				GRI 2-8	Not applicable
						for Hexagon's
						operations, as we
						mainly operates with
						full-time employees
						in permanent
						positions. Very
						few individuals
						are not employees
						and present at
						our locations.
2-9	Governance structure			p.30, 37-38 and https://
	and composition			hexagongroup.com/investors/
				corporate-governance
2-10	Nomination and selection of		2-10a-b) Nominated by Hexagon's Nomination committee and	https://hexagongroup.com/
	highest governance body		elected by the annual genereal meeting. Independence, diversity	investors/corporate-governance/
			and competencies are evaluated by the Nomination Committee	nomination-committee
			and selected by the annual general meeting. https://hexagongroup.
			com/investors/corporate-governance/nomination-committee.
2-11	Chair of highest governance body			p.37 in Hexagon's annual report	2-11 b)	Not applicable.
						The chair is not a
						senior executive.

Hexagon Composites ASA  GRI index 2022

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GRI §	Description	External	Location	Omitted information	Explanation
assurance Comment

2-12	Role of highest governance
	body in overseeing the
	management of impacts

The Board of Directors works with the Chief Executive Officer	p.54-55,b-i) p.65	b).ii, c)
and external auditors to ensure that the Group is managed
in accordance with its corporate objectives, values and ethical
guidelines. The Board has an annual plan with particular emphasis
on objectives, strategy and implementation and submits an
evaluation of its work to the nomination committee annually.

2-13	Delegation of responsibility	Clear guidelines require board members and executive management
	for managing impacts	to notify the Board of any significant direct or indirect interest
		in transactions executed by the company. These guidelines are
		incorporated into the Board's instructions and instructions for the
		Chief Executive Officer. These instructions state how agreements
		with related parties are handled, including whether an independent
		valuation must be obtained. The board of directors will present
		any such agreements in the board of directors' report.

Corporate Governance report 2023

• https://hexagongroup.com/
  investors/corporate-governance

2-14	Role of highest governance body	Hexagon's sustainability report is reviewed and	p.54-55
	in sustainability reporting	approved by Hexagon's board of directors
2-15	Conflicts of interest		Hexagon's Corporate Governance
			report, b.i,ii,iii) hexagongroup.com/
			investors, https://hexagongroup.
			com/board-of-directors, b.iv -
			transactions of highest governance
			bodies and their related parties
			are communicated as part of
			our continuos obligations on
			Oslo Stock Exchange
2-16	Communication of critical concerns	Concerns raised through Hexagon's whistleblowing
		channel is communicated to the Board of Directors
		through regular updates to the board. 1 concerns were
		raised in 2023. See p.95 for more information.
2-17	Collective knowledge of	Hexagon's Board of Directors have received updates and
	highest governance body	educational sessions from the administration on future
		requirements. Audit committee has been a stakeholder
		in Hexagon's double -materiality process in 2023.

Hexagon Composites ASA  GRI index 2022

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GRI §	Description	External	Comment	Location	Omitted information	Explanation
assurance
2-18	Evaluation of performance of				GRI 2-18	Information
	the highest governance body					unavailable. Not
						part of Hexagon's
						processes in 2023.
2-19	Remuneration policies		Hexagon's remuneration policy	hexagongroup.com
2-20	Process to determine remuneration			a) Corporate Governance report
				2023 - https://hexagongroup.com/
				investors/corporate-governance.
				b) Voted in the annual general
				meeting, overview of votes
				available in Minutes of AGM,
				https://hexagongroup.com/
				investors/corporate-governance/
				annual-general-meeting
2-21	Annual compensation ratio			Hexagon's remuneration report
				2023, page 19. Available at
				https://hexagongroup.com
2-22	Statement on sustainable			p.9-10
	development strategy
2-23	Policy commitments			page 75 -77 and https://
				hexagongroup.com/
				sustainability/esg-resources
2-24	Embedding policy commitments			Code of conduct, available at https/
				hexagongroup.com/esg-resources
2-25	Processes to remediate			page 92-97 and https://
	negative impacts			hexagongroup.com/
				sustainability/whistleblowing
2-26	Mechanisms for seeking		Reports from our employees and stakeholders are our most	https://hexagongroup.com/
	advice and raising concerns		important mechanism to uncovering and understanding	sustainability/whistleblowing
			when things are not as they should be at Hexagon.

Hexagon Composites ASA  GRI index 2022

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GRI §	Description	External	Location	Omitted information	Explanation
assurance Comment
2-27	Compliance with laws	No instances of non-compliance in 2023. This report and Annual report
	and regulations
2-28	Membership of associations	NGVA Europe, NGVAmerica, European Biogas Association, WLPGA
GRI 2-29	Approach to stakeholder		p.61, p.194
	engagement
GRI 2-30	Collective bargaining agreements	Entities in Norway and Germany are covered collective bargaining
		agreements, representing 29% of the workforce. In the US,
		there is no trade unions, but other processes for employees
		to give feedback and negotiate wages and benefits.

Hexagon Composites ASA  GRI index 2022

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GRI 3 MATERIAL TOPICS AND TOPIC SPECIFIC DISCLOSURES

GRI §	Description	External	Location	Omitted information	Explanation
assurance Comment
3-1	Process to determine		p.57-58
	material topics
3-2	List of material topics		p.58
	Our contribution through our solutions
3-3	Management approach		p.63-66
	Our GHG emissions
3-3	Management approach		p.69-77
	Energy
302-1	Energy consumption within		a), e) f) g) page 76	b) data not available	b) Hexagon has
	the organization			c) iii, iv and d) not applicable	overall a low fuel
					consumption, but
					we seek to improve
					reporting routines
					for fuel consumed.
					c) iii-iv: Hexagon's
					operations do not
					require cooling
					or steam.
					d ) Hexagon's sites
					do not generate
					excess energy.
	Emissions
305-1	Direct (Scope 1) GHG emissions		a)p.76 b)76-78 c)biogenic emissions
			do not occur in our supply chain d)
			p.76-78, e.)Defra, f-g)Asplan Viak,
			Appendix p.193, factors from Asplan
			Viak, statistics mainly from FIGARO.
			Some factors from Ecoinvent.

Hexagon Composites ASA  GRI index 2022

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GRI §	Description	External	Location	Omitted information	Explanation
assurance Comment
305-2	Energy indirect (Scope		a-d)p.74-75. e) source of
	2) GHG emissions		emission factor: location based:
			ecoinvent, market based: AIB,
			Green-e US Residual mixes f)
			Operational control, g) p.75

305-3	Other indirect (Scope	e) Base year for emissions is 2022.
	3) GHG emissions
	Waste & circularity
3-3	Management approach
	Waste Management

a-b)p.75-75, c) Biogenic emissions not part of our supply chain d), e) 74-77,f-g) Asplan Viak, Appendix p.193

p.69-71

306-1	Waste generation and significant	p.69-72
	waste-related impacts
306-2	Management of significant	p.69-72
	waste-related impacts
306-3	Waste generated	p.69-72
	Materials

Hexagon Composites ASA  GRI index 2022

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GRI §	Description	External	Comment	Location	Omitted information	Explanation
assurance
301-1	Total materials used		• In 2023, we sourced 12 567 metric tons of key raw materials to		Packaging material volumes
			produce our products. 39% were materials that can be recycled, such		are not currently measured
			as steel,aluminum and HDPE. Non-renewable materials includes
			carbon fiber, glass
			fiber and binding materials.Materials with
			environmental considerations are:
			• Carbon fiber, predominantly produced in the
			U.S., France, Japan and South Korea
			• Glass fiber, predominantly produced in China and Bahrain
			• Plastic resins and accelerants, predominately produced
			in the U.S., Spain, Netherlands and China
			• Injection-molded,blow-formed and extruded
			plastic components, predominantly produced
			in the U.S., Canada and Germany
			• Valves, predominately produced in Italy
	Responsible procurement
3-3	Management approach			p.94-95
	Supplier social assessments
414-1	New suppliers that were			100% - p.95
	screened using social criteria
414-2	Negative social impacts in the				a-e) data not available	New supplier
	supply chain and actions taken					management system
						implemented
						end of 2023.
	Supplier environmental assessments
308-1	New suppliers that were screened			100% - p.95
	using environmental criteria
308-2	Negative environmental impacts in			p.94-95	a-e) data not available	New supplier system
	the supply chain and actions taken					implemented
						end of 2023.

Hexagon Composites ASA  GRI index 2022

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GRI §	Description	External	Comment	Location	Omitted information	Explanation
assurance
	Product safety and compliance
GRI 3-3	Management approach			p.79-81
416-1	Product health and safety			p.79-81
GRI 3-3	Occupational health & safety			p.83-84
403-1	Occupational health and			p.83-84
	safety management system
403-2	Hazard identification,			p.83-84
	risk assessment, and
	incident investigation
403-3	Occupational health services			p.81-83
403-4	Worker participation, consultation,			p.83-84
	and communication on
	occupational health and safety
403-5	Worker training on occupational			p.83-84
	health and safety
403-6	Promotion of worker health.		Promotion of worker health. The company promotes a healthy
			lifestyle through common activities, sponsoring of gym membership
			and mental health. All employees have access to external health
			services through the company. In North America, employees
			have access to a 24 hour Nurse line, promotion of annual dental
			exams which are partly covered by the company, in addition the
			company organizes wellness activites throughout the year.
403-7	Prevention and mitigation			p.82-85
	of occupational health and
	safety impacts directly linked
	by business relationships

Hexagon Composites ASA  GRI index 2022

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GRI §	Description	External	Comment	Location	Omitted information	Explanation
assurance
403-9	Work related injuries		403-9 c) Hazards posing high risk is related to bursting of	p.84	403-9 b)	Not applicable.
			cylinders during testing, handling of machines or robots that			Hexagon has few to
			have the potential to cause injuries that are hard to recover			no workers in our
			from. These are managed by training, extra supervision, signs			workplace that are
			and alarms in addition to and limiting access to high risk			not employees.
			areas. No high-consequence injuries occured in 2023.
404-2	Programs for upgrading			p.87-89	404-2 b)	Data not available.
	employee skills and transition					Hexagon is
	assistance programs					working to map
						the best program
						or set of tools to
						track employee
						development.
	Diversity & inclusion, workforce development
405-1	• Diversity of governance			p.90
	bodies and employees
	Governance
3-3	Management approach			p.92-
	Anti-corruption
205-3	Confirmed incidents of corruption			p.95

Hexagon Composites ASA  GRI index 2022