Spirax Group plc Sustainability Profile
Spirax Group plc, commonly referred to as Spirax Sarco, is a leading global provider of engineered solutions, headquartered in Great Britain. Founded in 1888, the company has established a strong presence in key operational regions, including Europe, North America, and Asia-Pacific. Specialising in steam management and fluid control, Spirax Sarco offers a diverse range of products and services, including steam traps, valves, and heat exchangers, known for their reliability and efficiency. With a commitment to innovation, Spirax Group has achieved significant milestones, positioning itself as a market leader in the industrial sector. The company’s focus on sustainability and energy efficiency has garnered recognition, making it a trusted partner for businesses seeking to optimise their operations. Through its extensive expertise and customer-centric approach, Spirax Group continues to set industry standards and drive advancements in steam and fluid management solutions.
DitchCarbon Score
How does Spirax Group plc'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 Machinery and Equipment 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
Spirax Group plc's score of 80 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spirax Group plc's reported carbon emissions
In 2024, Spirax Group plc reported total carbon emissions of approximately 3,679,000 kg CO2e for Scope 1 and about 127,000 kg CO2e for Scope 2 emissions in Great Britain. The combined total for Scope 1 and Scope 2 emissions reached about 3,806,000 kg CO2e. Globally, the company’s emissions were significantly higher, with Scope 1 emissions at approximately 17,405,000 kg CO2e and Scope 2 emissions at about 7,912,000 kg CO2e, leading to a total of around 25,317,000 kg CO2e for both scopes. Spirax Group has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1, 2, and 3 emissions by 50.4% by 2032, using 2021 as the base year. Long-term goals include a 95% reduction in absolute Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to addressing climate change through significant emissions reductions. Spirax Group's efforts are crucial in the electrical equipment and machinery sector, where reducing carbon footprints is essential for sustainability.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 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 | 33,961,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 00,000,000,000 | - | 00,000,000,000 | - |
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Spirax Group plc's Scope 3 Categories Breakdown
Spirax Group plc's Scope 3 emissions, which increased by 5% last year and increased by approximately 5% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
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Spirax Group plc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Spirax Group plc has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
SPX Flow Europe Limited-Belgium
Frequently Asked Questions
Common questions about Spirax Group plc's sustainability data and climate commitments