Smiths Group PLC

Common Name
Smiths Group
Country
United Kingdom
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
15,750
Ticker
SMIN
Exchange
LONDON STOCK EXCHANGE
Description
Smiths Group plc is a diversified industrial technology company specializing in engineering innovative solutions for mission-critical applications worldwide. With origins dating back over 170 years, t...

Smiths Group's GHG Emissions Data Preview

In 2024, Smiths Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Smiths Group has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Smiths Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Smiths Group amounted to 68,676 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Smiths Group increased by 2.8%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Smiths Group's Scope 1 Emissions Over Time

20222023202405 k10 k15 k20 ktCO2e+1%0%
  • Total Scope 1
  • Year-over-Year Change

What are Smiths Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Smiths Group were 19,687 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Smiths Group reduced its Scope 1 emissions over time?

Since 2022, Smiths Group's Scope 1 emissions have remained relatively, stable, indicating that Smiths Group's emissions have plateaued with no significant change in its operational footprint.

Compared to the previous year (2023), Smiths Group's Scope 1 emissions remained relatively stable, indicating that Smiths Group's emissions have plateaued with no significant change in its operational footprint.

What are Smiths Group's Scope 2 emissions?

In 2024, Smiths Group reported Scope 2 greenhouse gas (GHG) emissions of 21,072 tCOâ‚‚e using the market-based method, and 48,989 tCOâ‚‚e using the location-based method.

Has Smiths Group reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Smiths Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Smiths Group 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Smiths Group use for Scope 2 reporting?

In 2024, Smiths Group reported its Scope 2 emissions using the market-based method and using the location-based method.

Smiths Group's Scope 2 Emissions Over Time

202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Smiths Group's Value Chain Emissions

In 2024, Smiths Group reported 1,170,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Smiths Group includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Smiths Group's Scope 3 Emissions Over Time

2022202320240400 k800 k1.2 M1.6 MtCO2e-5%-15%
  • Total Scope 3
  • Year-over-Year Change

What are Smiths Group's Scope 3 emissions?

In 2024, Smiths Group reported total Scope 3 emissions of 1,170,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 76.78% of these emissions originated from upstream activities such as purchased goods and capital goods, while 23.22% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Smiths Group reduced its Scope 3 emissions over time?

Since 2022, Smiths Group's Scope 3 emissions have decreased by 19.31%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Smiths Group's Scope 3 emissions decreased by 15.49%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Smiths Group disclose?

In 2024, Smiths Group reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Smiths Group's Scope 3 emissions?

In 2024, the largest contributors to Smiths Group's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 728,000 tCOâ‚‚e (62.33%)
  • Use of Sold Products (Cat. 11): 240,000 tCOâ‚‚e (20.55%)
  • Upstream Transportation and Distribution (Cat. 4): 75,200 tCOâ‚‚e (6.44%)

Smiths Group's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(62.3%)UpstreamTransportation andDistribution(Cat. 4)(6.4%)Use of Sold Products(Cat. 11)(20.5%)

Insights into Smiths Group's Total Carbon Footprint

In 2024, Smiths Group reported a total carbon footprint of 1,238,676 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.65% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Smiths Group's total carbon footprint was Scope 3 emissions, accounting for 94.46% of the company's total carbon footprint, followed by Scope 2 emissions at 3.95%.

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