In 2024, Spectris 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).
Spectris has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,326.6a | N/A | N/A | |
Total Scope 2 | ||||
Market-Based | 6,568a | N/A | N/A | |
Location-Based | 16,497.7a | 15,457.5a | 16,814b | |
Total Scope 3 | 423,486.2a | 402,147.5a | 513,874.3b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.6548a | N/A | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Spectris amounted to 20,824.3 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Spectris increased by 34.72%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Spectris were 4,326.6 metric tons of CO₂ equivalent (tCO₂e).a
In 2024, Spectris reported Scope 2 greenhouse gas (GHG) emissions of 6,568 tCO₂e using the market-based method and 16,497.7 tCO₂e using the location-based method.a
Since 2020, Spectris's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Spectris's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Spectris's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Spectris's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Spectris reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Spectris reported 423,486.2 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Spectris includes a breakdown across 7 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.a
In 2024, Spectris reported total Scope 3 emissions of 423,486.2 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 13.33% of these emissions originated from upstream activities such as purchased goods and capital goods, while 86.67% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Spectris's Scope 3 emissionshave remained relatively stable, indicating that Spectris's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Spectris's Scope 3 emissions remained relatively stable, indicating that Spectris's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Spectris reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Spectris's Scope 3 emissions were:a
In 2024, Spectris reported Scope 1 greenhouse gas (GHG) emissions of 4,326.6 tCO₂e and total revenues of USD 1,630 millions. This translates into an emissions intensity of 2.65 tCO₂e per millions USD.a
In 2024, Spectris reported a Scope 1 emissions intensity of 2.65 tCO₂e per millions USD. Compared to the peer group median of 2.19, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Spectris ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Spectris is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Spectris reported a total carbon footprint of 444,310.5 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.39% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Spectris's total carbon footprint was Scope 3 emissions, accounting for 95.31% of the company's total carbon footprint, followed by Scope 2 emissions at 3.71%.a