HydrogenPro

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

HydrogenPro's core product directly enables large-scale green hydrogen production via renewable-powered electrolysis, with real-world deployments on landmark decarbonisation projects such as the SALCOS green-steel project at Salzgitter, Germany, and the ACES project in Utah, USA; its 3rd-generation electrode technology also reduces electricity consumption per kg of hydrogen by ~14%, materially improving the climate economics of each plant.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

No evidence of SBTi-validated science-based targets, CDP disclosure, or a quantified net-zero commitment with interim milestones was found in public filings or on the company website; the integrated reports include ESG sections and ISO 14001 certification for environmental management, but these do not substitute for externally validated climate targets, resulting in a low score.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

HydrogenPro holds ISO 9001 (quality), ISO 45001 (occupational health & safety), and ISO 14001 (environmental management) certifications, and publishes annual integrated reports with ESG sections; however, the company is very small (~72 employees globally), disclosure granularity is limited, and no independent third-party assurance of ESG data or GHG inventory was identified in publicly accessible materials.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

HydrogenPro publishes annual integrated reports (including ESG content) in ESEF format and discloses quarterly financials as a listed company on Euronext Growth Oslo; however, the ESG data lacks independent third-party assurance, no CDP response was found, GHG scope 1/2/3 emission figures are not prominently disclosed, and the EU Innovation Fund grant reporting creates some accountability for the electrode manufacturing project but falls short of investor-grade climate transparency.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

No material controversies, litigation, pollution incidents, fossil fuel lobbying, conflict-zone involvement, or governance scandals were identified in public sources; the Texas 500MW factory put on hold due to US regulatory uncertainty (IRA 45V guidance) reflects normal market caution rather than misconduct, and the company has no fossil business lines.