Smiths

Smiths, a UK-headquartered company in the Other services (93) industry, has reported its carbon emissions and climate commitments.

For 2025, Smiths's total emissions are approximately 1.23 billion kg CO2e. This includes Scope 1 emissions of approximately 17.42 million kg CO2e, Scope 2 market-based emissions of approximately 20.29 million kg CO2e, and Scope 3 emissions of approximately 1.19 billion kg CO2e. Key categories within Scope 3 include Purchased Goods and Services at about 658.94 million kg CO2e and Use of Sold Products at approximately 345.43 million kg CO2e.

Looking at previous years, in 2024, the company's total emissions were about 1.19 billion kg CO2e, with Scope 1 at approximately 18.76 million kg CO2e, Scope 2 market-based at approximately 23.82 million kg CO2e, and Scope 3 at about 1.15 billion kg CO2e. In 2023, total emissions were approximately 1.43 billion kg CO2e, comprising Scope 1 at about 19.69 million kg CO2e, Scope 2 market-based at approximately 25.96 million kg CO2e, and Scope 3 at about 1.38 billion kg CO2e.

Smiths has set ambitious climate targets. The company commits to achieving net-zero greenhouse gas emissions across its value chain by FY2050. Specifically, Smiths aims to achieve net-zero emissions from its operations (Scope 1 and 2) by 2040 and from its value chain (Scope 3) by 2050.

In the near-term, Smiths Group plc commits to reducing absolute Scope 1 and 2 GHG emissions by 50.4% by FY2032 from a FY2021 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions (covering purchased goods and services, fuel and energy related activities, and use of sold products) by 50.4% within the same timeframe. Smiths also commits that 50.0% of its suppliers by spend (covering purchased goods and services, capital goods, and upstream transportation & distribution) will have science-based targets by FY2028.

For the long-term, Smiths Group plc commits to reducing absolute Scope 1 and 2 GHG emissions by 90.0% by FY2040 from a FY2021 base year, and absolute Scope 3 GHG emissions by 90.0% by FY2050 from a FY2021 base year. These targets, verified by the Science Based Targets initiative (SBTi), are consistent with reductions required to keep global warming to 1.5°C.