Better Health for All

During the COVID-19 pandemic, Meggitt PLC participated in the UK government's Ventilator Challenge, producing 13,000 ventilators.

The company also manufactured PPE for healthcare workers. Additionally, Meggitt supported local healthcare institutions, including the Poole Hospital NHS Foundation Trust. Meggitt focused on employee wellness through various programs such as wellness challenges and health expos.

Fair Money & Economic Opportunity

Meggitt PLC is a global engineering group specializing in components and systems for aerospace, defense, and energy markets. The company's core business does not involve lending, insuring, moving, or storing money for consumers. As such, it does not offer consumer credit products, operate financial service access points, or generate revenue from high-cost financial products or penalty fees. While Meggitt has an apprenticeship program

, a Diversity and Inclusion program , and supports educational initiatives through grants , these activities do not fall within the scope of financial literacy or financial inclusion for underserved communities in the context of financial services. Therefore, all KPIs under the 'Fair Money & Economic Opportunity' value are not applicable to Meggitt's business model.

Fair Pay & Worker Respect

Meggitt PLC reports that 100% of surveyed employees earn at or above the Real Living Wage for their region, as of May 2024.

However, the company faces pay equity challenges, with women's median hourly pay at MEGGITT (UK) LIMITED being 15.6% lower than men's as of April 2024. Union representation is low, with the GMB union representing over 160 staff members out of a total workforce exceeding 9,000 employees. , In 2021, the company received no reported concerns regarding modern slavery in its operations.

Fair Trade & Ethical Sourcing

Meggitt PLC reported no concerns regarding modern slavery in its operations for the year ended 31 December 2021.

All business units, product groups, and divisions confirmed compliance with Group Policies and procedures in 2021 and were not aware of any individuals employed due to modern slavery or human trafficking. The company identified 24 higher-risk suppliers in 2020 based on spend and geographical location, including one supplier providing products considered to be at risk of modern slavery, and engaged with these suppliers in Q1 2021.

Honest & Fair Business

Meggitt operates a comprehensive ethics program that includes an anti-corruption policy and an anonymously managed Speak Up Line for reporting concerns

. All employees receive comprehensive ethics training . The Corporate Responsibility Committee regularly monitors ethics and anti-bribery programs, which are supported by third-party audits for anti-bribery & corruption, trade compliance, and health, safety & environment . Historically, in 2013, a Meggitt subsidiary settled export control violations with a $25 million penalty , subsequently implementing significant compliance measures and remedial training .

Kind to Animals

Meggitt PLC operates in the aerospace and defense sectors, focusing on components such as sensors and brakes.

The company does not engage in animal testing or use animal-derived ingredients. Its business model does not involve direct interactions with animals or animal-derived products, resulting in a neutral impact on animal welfare. While committed to environmental sustainability, including reducing emissions, the company lacks specific certifications related to animal welfare and does not have animal-related conservation initiatives with measurable outcomes.

No War, No Weapons

Meggitt PLC derived 42% of its total revenue from defense business in both 2020 and 2021.

The company was involved in multiple potential violations of U.S. export control laws, including the export of sensitive equipment to a previously prohibited unit of Hindustan Aeronautics Ltd in India. Additionally, more than 800 quartz rate sensors were re-exported to various countries, including Argentina, Brazil, Saudi Arabia, France, and Israel, without proper authorization. These export control violations were settled for up to $25 million, with an immediate payment of $3 million. The company also supports the Ten Principles outlined in the United Nations Global Compact.

Planet-Friendly Business

Meggitt reported total Scope 1 and 2 carbon emissions of 55,010 tonnes CO₂e in 2021

, with Scope 3 emissions not reported. The company has committed to achieving net-zero emissions by 2050 , aligning with Science Based Targets initiative (SBTi) strategies, and aims to reduce greenhouse gas emissions by 50% by 2025 relative to 2015 . Meggitt's UK operations have sourced 100% renewable electricity since March 2021 , and its MDS Irvine site offsets 100% of its grid electricity greenhouse emissions using Renewable Energy Credits . The company holds ISO 14001 Environmental Management System certification . Its Ansty Park facility achieved a BREEAM 'Very Good' rating , incorporating a 90,000-litre rainwater harvesting system . The Portland site recorded a 47% decrease in water usage . Meggitt has developed VERDAGENT™, an eco-friendly fire suppression system tested with Boeing in 2021 , and is collaborating with Airbus on an energy buffer for zero-emission aircraft . Additionally, its Heatric division provided technology for a natural gas-fired pilot plant producing energy with no carbon dioxide emissions .

Respect for Cultures & Communities

Meggitt PLC has no reported cultural appropriation incidents.

The company's core operations do not inherently involve cultural heritage or indigenous rights, leading to no specific cultural impact assessment protocol, engagement in FPIC processes, or a cultural incident response framework. There are also no reported cultural site disruptions.

Safe & Smart Tech

Meggitt PLC demonstrates a commitment to data protection by adhering to stringent data protection regulations and international standards, including ISO/IEC 27001:2013.

The company also provides a comprehensive privacy notice detailing its data collection and processing practices.

Zero Waste & Sustainable Products

Meggitt demonstrates some efforts in waste reduction and sustainable product design. The company has operated a carbon disc recycling program at its Akron facility since 2009, refurbishing used aircraft carbon disc brakes.

This initiative contributed to a 13% increase in waste recycling and a 9% decrease in landfill waste in 2015. In terms of circular design, Meggitt partners with Airbus on the ZEROe aircraft project, focusing on weight optimization and electric propulsion. The company also invests in additive manufacturing for lightweight components and sustainable aviation technologies. For hazardous waste management, Meggitt has replaced ozone-depleting agents with green technologies like VERDAGENT™ fire suppressant.