Environmental aims

As well as helping our customers to reduce their impact on the environment, it is also a focus for our own efforts and we monitor the use of key sources of energy (electricity, gas, oil and steam) in our efforts to reduce consumption and save costs. Although we are not significant users of water, we monitor usage throughout the Group. The charts opposite show our performance.

In 2014, we asked third-party consultants Ricardo-AEA to advise on the implementation of Article 8 of the European Energy Efficiency Directive (‘EED’). This legislation affects Spectris’ larger facilities in Europe and required the identification and reporting of energy-saving opportunities by December 2015. However, there are a number of European countries where the legislation has not yet been fully implemented. During 2015, we carried out audits at our operations in those countries where the legislation has been implemented (this is known as the Energy Savings Opportunity Scheme in the UK) and each Spectris facility audited received a report detailing energy-saving opportunities within the time scale. In those European countries where the legislation has not yet been fully implemented we are working with Ricardo-AEA and the local authorities to ensure that we can respond as soon as the local legislation is agreed.

Although we have not set specific Group-wide targets, our aspiration is to reduce energy consumption across the Group. Management incentives are in place which encourage individual operating companies to reduce their electricity and water consumption, for example, in order to improve profitability, and the opportunities identified by the EED audits will also help to reduce energy use. Our Servomex business has committed to reducing its carbon footprint (in terms of emissions) at the Technical Centre in Crowborough, UK, by 5% year on year and has achieved certification by the Planet Mark for its commitment to improve sustainability performance.

We continue to be a constituent of the FTSE4Good Index Series and we also participate annually in the Carbon Disclosure Project, a not-for-profit organisation which collects climate change data from companies around the world and compares their disclosure and emissions reduction performance. Our score of 98 out of 100 in the 2015 survey (2014: 89) places us in the top 15% of companies in our sector and underlines our commitment to environmental accountability.

Environmental performance

Click here to download a summary of our environmental performance, including information on greenhouse gas emissions.