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
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Hexagon Composites ASA published this content on 21 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2024 07:53:06 UTC.