WEIR GROUP PLC.
WEIR.LSE | Manufacture of other pumps, compressors, taps and valves
The Weir Group PLC is a global engineering business focused on providing innovative solutions to the mining, infrastructure, and energy markets. The company designs, manufactures, and services critical equipment used in the extraction and processing of minerals, the transportation of water and waste...Show More
Better Health for All
0
Weir Group has demonstrated a strong commitment to employee mental health, being recognized as the most improved company in managing workplace mental health in the CCLA Corporate Mental Health Benchmark, advancing from tier 4 in 2022 to tier 2 in 2023
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. The company has implemented a Health and Wellbeing strategic framework, which includes mental health support programs and employee assistance services, addressing employee wellbeing priorities
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.
Fair Money & Economic Opportunity
0
The Weir Group PLC is an engineering and manufacturing business, not a financial institution that offers lending or deposit services to consumers. Therefore, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, and financial literacy initiatives, are not applicable to its core business model. The company's inclusion initiatives focus on internal workforce diversity and community engagement, not financial products for underserved segments. Similarly, data accessibility, debt burden ratio, and geographic inclusion relate to the company's internal operations or engineering market presence, not consumer financial data or service points.
Fair Pay & Worker Respect
60
Weir Group received certification as a global living wage employer in July 2024 from the Fair Wage Network
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, guaranteeing that all assessed employees are paid at or above global living wage thresholds
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. The company reported a Total Incident Rate (TIR) of 0.42 for 2024
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. The median gender pay gap for 2024 was -30% in favor of females, meaning women earned 30% more than men at the median
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. The voluntary attrition rate for 2024 was 7.9%
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. As of December 31, 2024, the CEO to median UK employee pay ratio was 61:1
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.
Fair Trade & Ethical Sourcing
-20
The company's supply chain monitoring activities do not extend to sub-suppliers, indicating a lack of multi-tier visibility beyond Tier 1.
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However, all supplier contracts include provisions requiring efforts to prevent modern slavery and human trafficking, and suppliers are legally bound to follow the Code of Conduct and comply with relevant laws.
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The company reported no modern slavery issues relating to its supply chain or operations in 2022
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and 2024,
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with no human rights violations reported in 2024.
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Proactive human rights risk assessments were conducted in 2024.
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Honest & Fair Business
-40
Historically, Weir Group faced significant penalties for ethical breaches. In December 2010, the company was fined £3 million and ordered to confiscate £13.9 million for breaching UN sanctions by paying kickbacks for contracts in Iraq
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. This followed an admission in July 2004 of making £4.2 million in irregular payments under the UN's Oil-for-Food program
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. More recently, Weir Group has demonstrated a commitment to ethical practices. The company provides multiple reporting channels for unethical behavior, including an Ethics Hotline
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. In 2023, 94% of employees completed training related to the Code of Conduct, which includes a zero-tolerance policy on bribery with targeted training for high-risk roles
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; 2,482 employees were trained in 2020
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. The company also achieved an 'A' CDP score for transparency
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and joined Transparency International UK's Business Integrity Forum in 2016
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.
Kind to Animals
0
Weir Group PLC operates in the industrial machinery sector, primarily serving the mining industry
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. Its core business activities do not involve animal testing, animal agriculture practices, or the use of animal-derived ingredients
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. Consequently, several animal welfare KPIs are not applicable to the company's operations, including cruelty-free certifications, alternative testing methods, humane certifications for operations, ethical input substitution, cage-free sourcing, animal testing policy and volume, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare
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. For these KPIs, the company scores 0 (N/A). While the company mentions biodiversity management within its operations and potential indirect benefits to wildlife conservation
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, no specific quantifiable data on wildlife conservation impact or measurable outcomes for species recovery or habitat restoration were identified
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. Similarly, there is no evidence of R&D budget specifically invested in developing animal-free technologies or alternatives, nor specific animal-related supplier audits for welfare compliance
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. These KPIs are therefore omitted due to lack of specific evidence.
No War, No Weapons
-70
Weir Group admitted to breaching UN sanctions on Iraq between 2000 and 2002
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, securing £35 million in contracts by paying £3 million in illegal kickbacks to Saddam Hussein's regime
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. A UN inquiry found that the company's corruption contributed to the illegal diversion of $1.5 billion (£960 million) in aid intended for humanitarian needs
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. For these violations, the company was fined £16.9 million
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, and £13.9 million in illegal profits were confiscated
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. Public records also show the company secured a nearly £60 million contract to design and manufacture weapons systems for the Royal Navy in 1999
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and is hiring for roles such as Weapon System Specialist as of 2023
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, indicating ongoing involvement in defense support services. In terms of policy, Weir's 2026 Code of Conduct states compliance with international sanctions and trade restrictions
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, and its 2025 Supplier Code of Conduct is informed by the UN Guiding Principles on Business and Human Rights
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. The company's 2026 Code also mentions respecting human rights and not doing business with companies not working to generally accepted human rights standards
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. In 2020, Weir Group sold its oil and gas division for $405 million
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, a strategic move away from sectors with potential military applications.
Planet-Friendly Business
-50
The company's total Scope 1, 2, and 3 greenhouse gas emissions were 50,138,702 tCO2e in 2024.
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It has SBTi-approved targets, aligned to a well below 2 degrees pathway, to reduce absolute Scope 1 and 2 emissions by 30% and Scope 3 emissions (from the use of sold products) by 15% by 2030, both against a 2019 baseline.
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Progress includes a 27% reduction in Scope 1 and 2 emissions against the 2019 baseline by 2024
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, and a 9% reduction in use of sold product emissions in 2024.
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In 2023, 23% of total electricity supply was sourced from renewables, including new solar panel installations.
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The company does not include the purchase of offsets in its transition plan to 2030.
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For supply chain transparency, 75% of Minerals’ procurement spend is covered by key suppliers reporting risk-related information via a third-party ESG software tool.
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The company's disclosures are consistent with all four recommendations and 11 recommended disclosures of the TCFD.
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It conducts comprehensive climate scenario analysis, modeling physical risks under RCP 2.6 (less than 2 degrees) and RCP 8.5 (4 degrees), and transition risks under Business as Usual, 2DS (2 degrees), and 1DS (1.5 degrees) scenarios, with updates in 2023.
9
The company has a Net Zero target for Scope 1 and 2 emissions by 2050.
10
Respect for Cultures & Communities
50
The company provides a 24-hour, multilingual Ethics Hotline accessible via telephone or online for employees and third parties, with an option for anonymous reporting.
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This global mechanism is available for community concerns, indicating coverage for over 90% of operational sites.
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Safe & Smart Tech
20
In September 2021, the company experienced an attempted ransomware attack that caused significant temporary disruption
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and £50m in revenue deferrals, with direct costs of £4.7 million for the incident response.
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However, no evidence of personal or sensitive data exfiltration or encryption was found.
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Following this, the company invested in operational capabilities and skills to improve cybersecurity.
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In 2023, 94% of all employees completed mandatory cybersecurity training, and 91% of designated employees completed training on privacy risks and responsibilities.
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The company encrypts data at rest and in transit, using Azure KeyVault and TLS 1.2 with restricted cipher suites.
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It has a Vulnerability Management function, performs penetration testing and vulnerability scanning, and integrates security testing into its CI/CD pipeline.
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AI solutions provide visibility into current actions, historical performance, and future plans, aiming to turn the "black box" into a "white box."
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The company ensures alignment with regulatory requirements, uses compliance tooling, liaises with regulators, and refreshed privacy-related policies in 2023, aligning with EU CSRD.
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Zero Waste & Sustainable Products
0
The company's products, specifically its pumps, have an average lifespan that exceeds industry standards by over five years.
1
This contributes to reduced ownership costs for customers.