Spx
Spx Corporation, commonly referred to as SPX, is a leading provider of innovative solutions in the industrial sector, headquartered in the United States. Founded in 1912, SPX has established a strong presence in key operational regions, including North America and Europe, focusing on diverse industries such as HVAC, food and beverage, and power generation. The company is renowned for its core products and services, which include advanced thermal and fluid management systems, as well as specialised equipment for food processing. SPX distinguishes itself through its commitment to quality and technological innovation, ensuring optimal performance and efficiency for its clients. With a robust market position, SPX has achieved notable milestones, solidifying its reputation as a trusted partner in the industrial landscape.
DitchCarbon Score
How does Spx's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Spx's score of 39 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Spx's reported carbon emissions
In 2023, SPX reported total carbon emissions of approximately 31,225,000 kg CO2e, with emissions distributed across Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions were about 10,053,000 kg CO2e, while Scope 2 emissions from purchased electricity totalled approximately 21,172,000 kg CO2e. Notably, SPX has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. Looking at previous years, SPX's emissions have shown fluctuations. In 2022, total emissions were around 34,088,000 kg CO2e, with Scope 1 at approximately 11,630,000 kg CO2e and Scope 2 at about 24,091,000 kg CO2e. The company has not provided data for Scope 3 emissions in 2022, but in 2021, they reported approximately 36,357,000 kg CO2e for Scope 3. SPX's emissions have generally decreased from a peak of about 57,044,000 kg CO2e in 2018. The company has made strides in reducing its emissions intensity, achieving a GHG emissions intensity of 0.0197 kg CO2e per USD of revenue in 2023, down from 0.0377 in 2018. Despite these improvements, the absence of formal reduction targets indicates a need for more structured climate commitments moving forward.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 31,523,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 12,044,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Spx is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
