Better Health for All

Stelrad Group PLC's core business is the manufacture and distribution of steel radiators, with a stated purpose of "heating homes sustainably."

The company's product innovations, such as the Green Compact low-carbon radiator and electric radiator offerings, are primarily focused on environmental sustainability, decarbonization, and energy efficiency. While heating is essential for comfortable living, the company's stated impact and product benefits are framed around environmental performance rather than direct health benefits, accessible medical treatments, or preventative healthcare solutions for the public, as defined by the 'Better Health for All' value. The rubric explicitly excludes environmental pollution control from this value. Therefore, the net health effect of the firm's principal goods or services is considered neutral in this context. All other KPIs are omitted due to a lack of direct evidence aligning with the specific criteria of 'Better Health for All' or because the provided evidence pertains to internal employee welfare or environmental initiatives, which fall outside the scope of this value.

Fair Money & Economic Opportunity

Stelrad Group PLC is a manufacturer and distributor of steel radiators, not a financial institution.

The company's core business, as evidenced by the articles, focuses on manufacturing, sales, and internal operations, with no indication of offering lending, deposit services, or consumer credit products. Consequently, all KPIs under the 'Fair Money & Economic Opportunity' value are not applicable to Stelrad's operations. The rubric's definitions for a score of 0, such as 'firm does not offer lending or deposit services to consumers' or 'no financial products offered,' directly align with the company's business model.

Fair Pay & Worker Respect

The company reported a median gender pay gap of -4.8% in 2025, indicating women's median pay is 4.8% higher than men's.

The voluntary labour turnover rate was 7.8% in 2024, which is below the UK manufacturing average target of 9.9%. An employee engagement survey in the UK in 2024 showed a 76% positive rating. The total recordable incident rate (TRIR) was 5.0 in 2024. For 2024, there were no incidents required to be brought to the attention of the Committee regarding labor violations. The company maintains strong collaborative relationships with trade unions and employee representatives in the UK, Turkey, the Netherlands, and Italy, supporting the collective bargaining process. Health and wellbeing support includes an Employee Assistance Programme, workplace physicians, nurses, and preventative medical examinations. The company voluntarily reports gender pay statistics despite being below the mandatory reporting threshold.

Fair Trade & Ethical Sourcing

Stelrad Group audits its key suppliers, with the most important category audited annually and the second most important category audited every two years.

The percentage of suppliers with up-to-date audits has increased from 19.7% in 2022 to 64.3% in 2023 and 70.1% in 2024.

Honest & Fair Business

The Board does not comply with the Code recommendation that at least half the board, excluding the chair, should be independent non-executive directors, nor with the requirement for a majority of the overall board to be independent.

This indicates less than 50% independence. The company has a formal Anti-Corruption and Bribery Policy and a zero-tolerance Code of Conduct, approved in 2022 and reviewed biennially. However, anti-corruption training is only planned for senior and at-risk employees, indicating a lack of widespread or fully implemented training. The company reported one financial restatement in 2022 due to IAS 29 for hyperinflation in Turkey. A comprehensive Whistleblowing Policy & Procedure is in place, applicable worldwide to all employees and contractors. It includes protection against retaliation, allows anonymous reporting, and provides both internal and external contact channels (an independent UK charity). The policy outlines procedures for investigation and appeals, with contact acknowledgement within 7 days and feedback within 3 months.

Planet-Friendly Business

Total Scope 1, 2, and 3 market-based GHG emissions were 381,036 tCO₂e in 2024, representing a 16.73% decrease from 2023.

The company has a net-zero target by 2050 for Scope 1, 2, and 3 emissions, and a target to reduce Scope 1 and 2 emissions intensity by 45% from 2021 levels by 2030. Its GHG inventory is compliant with the SBTi near-term criteria and net-zero standard. In 2024, 41.6% of operational energy was sourced from renewables. Water intensity per net revenue was 287 m³/£m in 2024. The waste diversion rate was 97.9% in 2024, and the company achieved "Zero Avoidable Waste to Landfill" certification in the UK. The company is fully compliant with the UK government’s Climate-related Financial Disclosures regulations and consistent with each of the eleven TCFD recommended disclosures. Climate scenario modeling has been conducted for RCP1.9 and RCP8.5 pathways. In 2024, 37.9% of water withdrawal was sourced from water-stressed basins. Plastic packaging intensity was reduced by 0.1% in 2024.

Respect for Cultures & Communities

The company has no reported cultural appropriation incidents.

Its core operations, which involve the manufacture and distribution of steel radiators, do not appear to impact cultural contexts or operate near cultural or heritage sites. Consequently, specific cultural impact assessment protocols, Free, Prior and Informed Consent (FPIC) processes, or cultural site protection measures are not applicable to its business model. There is also no specific cultural incident response framework mentioned, consistent with the absence of reported incidents.

Safe & Smart Tech

The company explicitly states it complies with all statutory, regulatory, and contractual security requirements, including data protection legislation (GDPR where applicable) and PCI-DSS (where applicable).

It achieved Cyber Essentials certification. Employee information security awareness training is mandatory. Regular refresher training is delivered. The company uses strong passwords and multi-factor authentication. It regularly tests and installs patches. It performs independent penetration testing annually. It conducts regular vulnerability assessments and penetration tests. Systems and applications that are developed are scrutinised for security bugs and weaknesses throughout their development before being launched. Users have rights to access, rectify, erase, restrict the use of, data portability, object to the use of, and withdraw consent regarding their personal information. The company retains personal information for no longer than is necessary for the purposes for which it is processed.

Zero Waste & Sustainable Products

Stelrad Group PLC diverted 97.7% of its waste from landfill in 2023

and is certified for sending zero avoidable waste to landfill in the UK. Its primary product, steel, is 100% recyclable. In 2024, 93.2% of its packaging was recyclable. The average recycled content of steel in its products is 17.5%. Plastic packaging intensity was reduced by 0.1% in 2024. The company has implemented waste reduction initiatives including fully recycling all waste steel from production, reclaiming usable panels from production issues, and recycling packaging waste at installation sites. The total amount of waste generated fell by 13.1% to 7,547 tonnes. No waste disposal violations were reported.