VICTREX PLC.
VCT.LSE | Manufacture of plastics and synthetic rubber in primary forms
Victrex plc is a UK-based manufacturer of high-performance polymer solutions, primarily PEEK (polyether ether ketone) and PAEK (polyaryletherketone) polymers. These materials are used in a variety of demanding applications across several industries, including aerospace, automotive, energy, electroni...Show More
Better Health for All
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Victrex's PEEK polymers are extensively used in medical devices, with approximately 15 million implanted devices
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and heart pumps benefiting over 250,000 patients
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. These materials are biocompatible
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, improve patient outcomes
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, and reduce treatment costs
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. The company has launched new PEEK-based materials for drug delivery applications
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, meeting USP Class VI biocompatibility standards
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, and is advancing clinical trials for PEEK knee components
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. Victrex Manufacturing Ltd holds ISO 13485:2016 certification for medical devices
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and has invested in a new facility to accelerate medical device development
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. Its VICTREX FG™ series is certified for health effects standards in drinking water systems
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, contributing to preventative health
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. There is no evidence of products with negative health outcomes or any reported safety incidents despite the widespread use of its materials in critical medical applications. The company's operations do not involve collecting health-related data, producing food, or creating products with addiction potential, nor does it hold healthcare-related patents.
Fair Money & Economic Opportunity
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Victrex plc is a manufacturer of high-performance polymer solutions, primarily PEEK and PAEK polymers, for industrial sectors such as automotive, aerospace, and medical
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. The company's core business is manufacturing and selling these materials, along with providing technical support
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. The ethical value 'Fair Money & Economic Opportunity' and its associated KPIs are designed to assess financial institutions involved in lending, insurance, or other consumer financial services. As Victrex plc does not operate in the financial services sector, none of the KPIs related to consumer lending, fees, financial inclusion, or data portability for financial products are applicable to its business model. The provided articles consistently describe Victrex as a manufacturer, confirming its non-financial nature
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.
Fair Pay & Worker Respect
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Victrex reported a gender pay gap of 6.42% as of April 5, 2023, meaning women earn 93.58% of men's median pay.
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This represents a reduction from 13.49% in 2017.
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The median hourly rate of pay for males was 6.47% higher than females in 2020.
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Female workforce representation increased from 17% in 2017 to 22% in 2023.
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The company has set a target of at least 40% female representation in senior management roles by 2030, with 17% achieved by April 2022.
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Victrex is compliant with equal pay legislation and gender pay regulations since 2017.
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The company has a Statement of Inclusion, Diversity & Equal Opportunity, globally inclusive pay and bonus plans, and a Corporate Responsibility Committee focused on DE&I.
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Fair Trade & Ethical Sourcing
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No specific, quantifiable evidence was provided in the articles to assess Victrex plc against the KPIs for Fair Trade & Ethical Sourcing. Information regarding fair-trade certifications, audit frequency, forced/child labour incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk index, or supplier diversity spend was not available. While the company publishes a Modern Slavery Act Statement
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and has a Code of Conduct requiring ethical supplier standards
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, no specific metrics or percentages related to these efforts were provided to align with the rubric's quantitative thresholds.
Honest & Fair Business
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Victrex plc has comprehensive anti-corruption policies, including a zero-tolerance stance on bribery and corruption
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, enhanced due diligence on high-risk entities
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, and mandatory annual training for employees, with 95% completion in 2022
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. The company also maintains a Global Whistleblowing Policy with multiple reporting channels
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.
Kind to Animals
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The provided articles do not contain specific, measurable information relevant to the 'Kind to Animals' ethical value. While Victrex plc has a biodiversity partnership with The Wildlife Trust for local wildlife conservation, the articles do not provide measurable biodiversity impact, species recovery, or habitat restoration metrics, nor do they specify the percentage of revenue allocated to these efforts.
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There is no information regarding cruelty-free certifications, animal testing, animal-derived ingredients, humane certifications for operations, or supplier audits for animal welfare compliance.
No War, No Weapons
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Victrex does not appear to have specific policies or initiatives promoting peace or conflict resolution.
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The company has not publicly disclosed any direct involvement in military contracts or weapons manufacturing.
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, and there is no substantial evidence of direct military or defense-related activities.
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Its core business is not weapons-related, and there are no defense assets to divest. While its PEEK polymers are utilized in aerospace components by major manufacturers
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,
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, and these technologies have potential for military use due to their dual-use nature
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, there is no explicit evidence of the company actively seeking military contracts or being involved in weapons production.
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The company has established compliance policies covering exports and sanctions
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, but specific details on their implementation or effectiveness regarding sales to embargoed regimes are not provided.
Planet-Friendly Business
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Victrex's total carbon footprint (Scope 1, 2, and 3) in 2024 was 91,877 tCO2e, representing a 25.18% decrease from 2023.
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The company's science-based decarbonization targets have been approved and validated by the SBTi, aligning with a 1.5°C emissions reduction scenario, including interim targets for Scope 1+2 and Scope 3 reductions by 2032.
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Victrex sources 90% of its global electricity from renewable sources, with 100% in its UK operations.
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40% of the product portfolio's Life Cycle Assessments have been completed.
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The company has not published a category-level breakdown for any of the 15 Scope 3 emissions categories, indicating a lack of supply chain climate transparency.
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Additionally, four reportable environmental incidents occurred across two of Victrex’s UK sites.
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Respect for Cultures & Communities
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Victrex engaged with 2,942 young people in STEM education
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and dedicated 1,520 employee hours to community activities in 2023, including collaborations with educational institutions
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. The company also implemented DE&I initiatives in 2023
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, with 726 employees completing training modules
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and 400 participating in workshops on equity, allyship, and bias
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. However, the provided articles do not contain specific, quantitative evidence directly addressing the defined KPIs for 'Respect for Cultures & Communities', such as formal partnerships with indigenous or local community groups, cultural appropriation incidents, cultural impact assessment protocols, or specific financial reinvestment percentages in local or cultural development.
Safe & Smart Tech
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Victrex plc demonstrates a strong commitment to security training, with 95% of required trainees completing their annual data protection training as of September 2022.
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The company maintains a Global Data Protection Policy to ensure compliance with applicable data protection legislation, including the EU GDPR and UK GDPR.
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Victrex operates a Global Information Security Management System aligned with ISO 27001 and NIST standards, and has enhanced its security framework with Extended Detection and Response (XDR), Security Incident and Event Management (SIEM) technologies, next-generation firewalls, and Network Access Control (NAC).
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Regular assessments, including penetration testing and cyber health evaluations, are conducted by independent external experts, and a Global Incident Response plan is maintained.
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Zero Waste & Sustainable Products
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Victrex has set a quantitative target to double recycling rates in its supply chain by 2025.
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The company's high-performance polymers are designed to enhance product durability and recyclability, supporting circular economy principles. In 2021, Victrex received a Gold Sustainability Rating from EcoVadis, placing it in the top 5% of assessed companies.
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