Better Health for All
20
Spirax Group's fluid management and steam systems are critical for lifesaving vaccine and medicine production, hospital sterilization, and maintaining essential hospital infrastructure, directly enhancing patient safety
1
. The company's products are designed to prevent operator contact with chemicals and cross-contamination in aseptic filling, indicating no significant negative health impacts
2
. Watson-Marlow integrates ISO 13485 into medical device development to enhance patient safety
3
, and the company targets zero accidents
4
. Operations generate positive health externalities, including a 97.5% reduction in phosphorus load at a wastewater treatment plant
5
and over 1,400 tonnes annual carbon emission reduction at a hospital
6
. During the COVID-19 pandemic, the company rapidly produced components for the UCL-Ventura breathing aid
7
, scaling to 450 parts every 24 hours to support the NHS
8
. The company has comprehensive mental health initiatives, including a global Employee Assistance Programme
9
, an annual Wellbeing Day
10
, a Wellbeing Academy
11
, and a Mental Health and Wellbeing Global Network established in 2023
12
, contributing to a 68% positive overall wellbeing index score in 2023
13
. It emphasizes preventative health through products like clean steam reducing patient infection risks in hospitals
14
and internal programs covering topics such as prostate cancer and male suicide prevention
15
. Healthcare education is provided through webinars for hospital staff on infection prevention
16
and CPR training for local communities
17
.
Fair Money & Economic Opportunity
0
Spirax Group PLC is an industrial engineering group, not a financial institution. Its core business involves steam system management, electrical thermal solutions, and pumping, serving over 110,000 direct customers across 130 countries.
1
As such, the company does not offer lending, deposit, or other financial services to consumers, nor does it generate revenue from high-cost financial products or penalty fees. Consequently, KPIs related to financial product pricing, customer debt, financial literacy, or financial inclusion initiatives are not applicable to its operations. While the company has an Education Fund that has donated £3.25 million since 2022
2
to support inclusive access to education, and made £1.25 million in cash or in-kind donations since 2021,
3
these are general charitable contributions and educational support, not specific financial literacy programs or community finance reinvestment as defined by the rubric.
Fair Pay & Worker Respect
20
The company reported a Total Recordable Incident Rate (TRIR) of 0.2 per 200,000 hours for fiscal years 2024 and 2025
1
, with no fatal incidents in fiscal 2025
2
. The CEO to median employee pay ratio was 28:1 for the financial year ending December 31, 2023
3
. The 12-month rolling voluntary turnover rate was 9.9% as of March 31, 2025
4
. For the UK consolidated group, the median hourly gender pay gap was 4.0% in 2024
5
, indicating women earned 96.0% of men's median pay. Approximately 0.3% of global employees were covered by collective bargaining agreements as of March 31, 2025
6
. The company also offers a minimum of 16 weeks paid parental leave to all genders
7
, 15 days of paid caregiver leave
8
, 10 days of 'safe leave' for domestic violence victims
9
, and 10 days of pregnancy loss leave annually
10
.
Fair Trade & Ethical Sourcing
-30
As of March 2025, 96% of Group direct material suppliers (by number, excluding Vulcanic suppliers) with an annual spend over £15,000 or deemed high-risk have signed the Supplier Sustainability Code.
1
This Code is an integral part of contracts and includes provisions for compliance with the UK Modern Slavery Act, and suppliers accept to be assessed or audited.
2
In 2024, audits identified issues at one supplier, including excessive working hours, poor health and safety conditions, and the use of recruitment fees, which were subsequently addressed.
3
For audit frequency, the Electric Thermal Solutions (ETS) division audits high-risk suppliers at least every three years.
4
While all new direct material suppliers for Steam Specialties (STS) are audited, and existing ones based on risk, no specific frequency is provided for them.
5
Watson-Marlow Fluid Technology Solutions (WMFTS) uses third-party SMETA audits on some suppliers.
6
AI monitoring is also used for Tier 1 suppliers.
7
Honest & Fair Business
10
Spirax Group has a robust ethical framework. Its whistleblower policy, in place since January 2020, includes a 24/7 multilingual confidential reporting line provided by an independent third party, Safecall.
1
This hotline received 51 reports in 2023.
2
The Audit Committee oversees the policy, reviewing its effectiveness annually, and a dedicated officer ensures regular employee training.
3
The company also maintains a comprehensive anti-bribery and corruption policy with a zero-tolerance stance, supported by regular training in 16 languages.
4
The Audit Committee reviews the company's fraud risk management approach and anti-bribery training materials.
5
Furthermore, 88% of the company's suppliers have signed a Sustainability Code that includes adherence to anti-bribery and corruption policies.
6
Kind to Animals
0
The company's core business in engineering, steam system management, electrical thermal solutions, and niche pumping does not inherently involve animal testing, animal agriculture, or the use of animal-derived ingredients. Consequently, the provided articles do not contain specific, measurable data points for the defined KPIs related to cruelty-free certifications, alternative testing methods, humane certifications for operations, ethical input substitution, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement on animal welfare. While the company has initiatives related to biodiversity and habitat protection, such as protecting 2,585 acres in Patagonia
1
and completing 135 biodiversity projects by 2023,
2
the rubric's quantitative thresholds for 'wildlife_conservation_impact' (percentage of revenue invested or documented population increases) are not met by the available evidence, leading to its omission.
No War, No Weapons
0
Spirax Group avoids arms manufacturing and military contracts, focusing on civilian applications with no military products.
1
The company complies with all economic sanctions, laws, regulations, embargoes, or restrictive measures.
2
It ceased all business activities in Russia in 2022 following the invasion of Ukraine.
3
It is aligned with the United Nations Universal Declaration of Human Rights and the 10 principles of the United Nations Global Compact.
4
Procurement practices focus on compliance with the UK Modern Slavery Act 2015 and the US Dodd-Frank Act regarding Conflict Minerals.
5
The Board receives reports on concerns raised via the Whistle-blowing Policy.
6
Given its stated non-military focus, the company has no defense business or assets to oversee or divest, and no exposure to weapons.
Planet-Friendly Business
-10
Spirax Group's total Scope 1, 2, and 3 greenhouse gas emissions for 2024 were 49,724 tCO2e.
1
Absolute Scope 1 and 2 market-based emissions reduced by 20% compared to 2023.
2
Scope 3 calculations include categories 1, 2, 3, 4, 5, 6, 7, 11, and 12, but exclude categories 8, 9, 10, 13, 14, and 15.
3
The company's science-based targets were verified and approved by SBTi in 2023, aiming for a 50.4% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2032 from a 2021 base year, and net zero across the value chain by 2050.
4
60% of the electricity used across the Group came from renewable sources, with renewable electricity generated at sites in Mexico, France, Germany, and the USA.
5
Respect for Cultures & Communities
0
The company has no reported cultural appropriation incidents, as consistently indicated by the absence of any mention of such events across the provided articles.
1
Safe & Smart Tech
10
Spirax Group launched a new Group AI Policy in April 2024, providing guidance for employees on AI tool usage and aiming to balance benefits with risks including bias.
1
An AI community, formed in December 2023 with diverse representation, offers advice on AI tools, reviews IT systems for AI usage, and extends governance to suppliers through pre-qualification questionnaires and bespoke clauses.
2
The company has also launched a new cyber security awareness training platform, adopting a continual learning approach with quizzes and tools.
3
A survey across all employees was conducted to tailor this training, which focuses on greater measurement and remediation of human cyber risk.
4
The company demonstrates a very strong commitment to regulatory compliance, actively monitoring legal developments such as the EU AI Regulation and NIS2 Directive to adapt its internal control framework.
5
A dedicated Regulatory Compliance Specialist at its Watson-Marlow division maintains a Global Compliance Framework, ensuring product compliance with regulations including UKCA, CE, UL, CSA, WEEE, REACH, and RoHS.
6
The CONNECT platform is designed for data sovereignty and regulatory compliance in key markets.
7
Spirax Group also implements Single Sign-On (SSO) and role-based access control (RBAC).
8
Procedures to update security patches are in place, and regular security testing is conducted.
9
Zero Waste & Sustainable Products
-10
Spirax Group recycled 82% of its total waste in 2023/24.
1
The company's packaging was 94% reusable or recyclable in 2022/23 and 2023/24.
2
Spirax Group has implemented several waste reduction initiatives, including switching European operations to brown packaging boxes made from 100% recycled material in 2023/24.
3
, replacing plastic tape with paper tape in four European countries to reduce plastic consumption by four tonnes, and a continuous improvement project at its Nuneaton DC that increased the site's recycling rate by 13 percentage points.
4
The company also filters and reuses coolant in machining processes to reduce hazardous waste disposal costs
5
and eliminated solvent-based paints at WMFTS by the end of 2024.
6
Spirax Group has set ambitious waste reduction targets, aiming for zero waste to landfill by 2025
7
, a 10% reduction in waste generated by its sites compared to 2019
8
, and by 2029/30, a 50% reduction in waste intensity and over 95% recycling in direct operations.
9
The company requires its suppliers to minimize solid waste generation and adhere to a Supplier Sustainability Code that encourages the elimination of single-use plastics and planning for zero waste to landfill.
10