Fair Money & Economic Opportunity

Spectris PLC is a supplier of precision instrumentation and controls, operating in segments such as Test and Measurement, In-line Instrumentation, Process Automation, and Lab Equipment.

The provided articles confirm this business model, detailing activities like R&D investment , ERP system implementation , and a global operational presence . While the company engages in charitable initiatives through the Spectris Foundation, focusing on STEM education , and discusses internal pricing strategies for its industrial products , none of the evidence indicates that Spectris PLC offers financial services, lending, or deposit products to consumers. Consequently, all Key Performance Indicators (KPIs) under 'Fair Money & Economic Opportunity,' which are designed to assess financial institutions, are not applicable to Spectris PLC's core business operations.

Fair Pay & Worker Respect

The company's Total Recordable Incident Rate (TRIR) was 0.26 in 2024.

In 2023, the CEO to median employee pay ratio was 86:1, and the voluntary employee turnover rate was 10.6%. The median gender pay gap was 15% in 2023, indicating women earned 85% of men's median pay. The company reported no cases of non-compliance with relevant laws or regulations or fines in 2023 and 2024, and has not uncovered any evidence of modern slavery or human trafficking within its business operations.

Fair Trade & Ethical Sourcing

No specific quantitative data was found in the provided articles to assess Spectris PLC against the defined KPIs for Fair Trade & Ethical Sourcing. While the company mentions policies, codes of conduct, and risk assessment processes related to ethical sourcing, child labor, and modern slavery

, there is no evidence of the percentage of fair-trade certified spend, average audit frequency , number of substantiated forced/child labor incidents across the company for the last three years , traceability coverage percentage , median remediation speed , percentage of contracts with enforceable ethical clauses , share of spend on high-risk materials , or supplier diversity spend .

Honest & Fair Business

Spectris maintains a 'Code of Business Ethics' and 'anti-bribery and corruption' measures, though specific details on their enforcement or scope are not provided.

The company also has a 'Speak-up' culture, supported by a confidential external service for raising concerns. Its independent external audit covered 72% of total Group revenue and 70% of Group absolute profit before tax. Spectris restated its 2022 and 2021 financial data to reflect continuing operations following the divestment of the Omega business.

No War, No Weapons

The company's Board and Executive Committee oversee the effectiveness of due diligence and screening processes.

Spectris plc did not make any contributions or spending for political campaigns, lobbyists, or organizations influencing political campaigns or public policy legislation.

Planet-Friendly Business

Spectris has SBTi-validated targets aligned to a 1.5°C warming scenario, aiming for an 85% absolute reduction in Scope 1 and 2 emissions and a 42% absolute reduction in Scope 3 emissions by 2030 from a 2020 base year.

In 2024, 80.7% of global electricity consumption was sourced from renewable sources. In 2023, 84.2% of waste was recycled, with a target to divert zero waste to landfill by 2030. The company reported no cases of non-compliance with environmental laws or regulations in 2024 and no significant environmental fines in the past four fiscal years.

Safe & Smart Tech

Spectris PLC demonstrates a strong commitment to security training, with 98% of staff completing 10 training courses annually.

Phishing reporting improved from approximately 20% to 40% in a year. , and mandated training pass rates for all courses are set at 95%. Training content is deployed in 40 languages. , and mandatory Code training is required annually for every employee, supplemented by risk-based training. In terms of regulatory compliance, the company reported no cases of non-compliance with laws or regulations and no fines for non-compliance in 2024. Spectris also utilizes a Compliance Plus library to maintain adherence to various industry regulations.

Zero Waste & Sustainable Products

Spectris plc achieved a waste diversion rate of 93.9% in 2023, up from 92.6% in 2022.

The company has a target to divert zero waste to landfill by 2030 and reported no waste disposal violations or significant environmental fines in the past four fiscal years. Waste audits began in 2024 at Servomex UK, with further audits planned for some key manufacturing sites. Spectris produced approximately 23+ tonnes of hazardous waste in 2024, a reduction from 90 tonnes in 2023, but does not monitor its recycling rate. Spectris has implemented several waste reduction initiatives, including a Kaizen event that led to the annual elimination of paper products equivalent to 288 trees and 350,000 plastic bags. PMS reduced waste generated in operations by 40% year-on-year, and Red Lion Controls reduced literature in product boxes by over 90%, saving 1.3 million printed sheets annually. In terms of circular design, Servomex has completed a sustainable product taxonomy to inform its product roadmap, and this approach has been expanded to PMS for two representative products. Spectris has a global Supplier Code of Conduct and partners with EcoVadis, with 51.1% of Group supplier spend assured in 2024, expecting suppliers to reduce their environmental impact.