Spirax Group PLC

Common Name
Spirax Group
Country
United Kingdom
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
10,000
Ticker
SPX
Exchange
LONDON STOCK EXCHANGE
Description
Spirax-Sarco Engineering plc is a leading industrial engineering company specializing in steam and thermal energy solutions. The company's core function revolves around the design and manufacture of e...

Spirax Group's Climate Target Data Preview

As of 2023, Spirax Group has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Spirax Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2032
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2050

This table provides a simplified preview of selected climate targets 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 Spirax Group's Greenhouse Gas Emissions Pathways

As of 2023, Spirax Group has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Spirax Group have a target to reduce the emissions from its operations?

As of 2023, Spirax Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Spirax Group's most ambitious operational target is to reduce these emissions by 50% by 2025, compared to a baseline of 52,672 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.

As of 2023, Spirax Group is ahead of schedule on its operational emissions reduction target, having achieved 79.78% of the planned reduction.

Spirax Group's Operational (Scope 1+2) Emissions Pathway

201920232025015 k30 k45 k60 kBaselineCurrent (-40%)
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