Spirax Group plc
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 63 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Spirax Group plc's reported carbon emissions
In 2023, Spirax Group plc reported total carbon emissions of approximately 61,000,000 kg CO2e, comprising 31,659,000 kg CO2e from Scope 1, 24,973,000 kg CO2e from Scope 2, and 9,924,000 kg CO2e from Scope 3. This reflects a significant reduction in emissions compared to previous years, with a notable decrease in Scope 1 and Scope 2 emissions from 2022, where they were 33,715,000 kg CO2e and 26,938,000 kg CO2e, respectively. 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 baseline year. Long-term goals include a 90% reduction in total emissions by 2050 from the same base year. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions necessary to limit global warming to 1.5°C. Overall, Spirax Group's proactive approach to managing its carbon footprint demonstrates a commitment to sustainability and environmental responsibility within the electrical equipment and machinery sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 46,206,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 169,412,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 12,864,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
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.
Spirax Group plc is committed to some 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.
