Spx Sustainability Profile
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 36 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spx's reported carbon emissions
In 2023, SPX Technologies, headquartered in the US, reported total emissions of approximately 34,840,000 kg CO2e. This figure comprises 11,440,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 22,843,000 kg CO2e from Scope 2 emissions related to purchased electricity. SPX has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions intensity by 30% by 2030, using 2019 as the baseline year. This target reflects the company's commitment to sustainability and aligns with industry standards for emissions reduction. Over the past few years, SPX has demonstrated a proactive approach to managing its carbon footprint. For instance, in 2022, the company reported total emissions of approximately 34,740,000 kg CO2e, with Scope 1 emissions at 11,847,000 kg CO2e and Scope 2 emissions at 22,893,000 kg CO2e. This indicates a slight decrease in total emissions from 2022 to 2023. SPX Technologies does not currently disclose Scope 3 emissions, which encompass indirect emissions in the value chain. The absence of this data highlights an area for potential future improvement in transparency and accountability regarding overall climate impact. Overall, SPX Technologies is actively working towards its climate commitments while continuing to monitor and report its emissions data, reflecting a growing trend in corporate responsibility towards climate change.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,292,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 47,518,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
How Carbon Intensive is Spx's Industry?
How Carbon Intensive is Spx's Location?
Spx'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.
Spx has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
