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 carbon emissions of approximately 34,840,000 kg CO2e, comprising 11,440,000 kg CO2e from Scope 1 (stationary combustion) and 22,843,000 kg CO2e from Scope 2 (purchased electricity). This represents a slight decrease in Scope 1 emissions from 11,847,000 kg CO2e in 2022, while Scope 2 emissions decreased from 22,893,000 kg CO2e in the same year. 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 consistent effort to lower its emissions, with a notable reduction in emissions intensity from 0.0299 kg CO2e per USD revenue in 2019 to 0.0197 kg CO2e per USD revenue in 2023. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future focus. Overall, SPX Technologies is actively working towards its climate goals, with a clear strategy for reducing emissions intensity in the coming years.
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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.
