Spirax-Sarco Engineering plc

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2020

In its 2023 reporting, Spirax-Sarco Engineering plc disclosed greenhouse gas emissions of 25.3K tCO2e/year (scope 1 and 2 market-based excluding acquisitions). By scope: Scope 3: 12.9M tCO2e/year (excluding acquisitions 2022 data). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
25.3K tCO2e/year (scope 1 and 2 market-based excluding acquisitions)
2023
⚡
Renewable Energy
52% (including acquisitions)
of total energy
💧
Water Usage
163.8K m3/year (excluding acquisitions)
2023
♻️
Waste
6.1K tons/year (excluding acquisitions)
2023
⚙️
Energy Use
144.9K MWh/year (excluding acquisitions)
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).12.9M tCO2e/year (excluding acquisitions 2022 data)

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
202325.3K tCO2e/year (scope 1 and 2 market-based excluding acquisitions)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce water consumption by 15% (compared to 2019)
  • Achieve zero waste to landfill
  • Reduce waste generated by 10% (compared to 2019)
  • Eliminate solvent-based paint by end of 2025
  • All manufacturing sites certified to ISO 14001 by end of 2025

📅 Medium-term

  • Deliver biodiversity offset equivalent to five times global operational footprint by 2025
  • Deliver biodiversity net gain of +10% for all new manufacturing sites and facilities
  • Deliver at least one biodiversity initiative per operating company by 2025
  • 80% of strategic and high-risk suppliers assessed and meeting sustainability standards by 2025
  • Deliver 150,000+ hours (cumulative) of colleague volunteering globally by 2025

🔭 Long-term

  • Net zero GHG emissions across the value chain by 2050
  • Establish the Group Education Fund and donate up to £15 million by 2030

🌱 ESG Focus Areas

Climate ChangeBiodiversityEnvironmental ImprovementsSustainable ProductsSupply Chain SustainabilityCommunity WellbeingHealth and SafetyInclusion and DiversityEthical Business

⚠️ Challenges & Risks +

  • Majority of total emissions are scope 3 emissions associated with the energy use of Electric Thermal Solutions (ETS) products.
  • Reliance on electricity grids transitioning to green electricity to reduce emissions associated with ETS products.
  • Increased cost of electricity provision and raw materials.
  • Potential reputational loss due to association with fossil fuel-reliant systems.
  • Carbon taxation and building code regulations.
  • Climate change litigation risk.

📋 Report Information

Reporting Period: 2023
Frameworks: GRI, SASB, TCFD, UNGC
Assurance: TÜV NORD CERT GmbH