ESG environment hero

Environment

We recognise that we have a role to play in tackling environmental degradation and climate change. We do this through providing products and services that reduce our customers’ environmental impact and by the active management and mitigation of the impact of our own operations.

Our Net Zero ambition

Our Net Zero ambition is at the heart of our sustainability strategy. We have set a clear ambition:

Spectris operations:

Net Zero by 2030 (Scope 1 and 2 emissions)

Our value chain:

Net Zero by 2040 (Scope 3 emissions)

Our science-based targets support this ambition:

The 85% absolute reduction in Scope 1 and 2 emissions by 2030
The 42% absolute reduction in Scope 3 emissions by 2030
Both targets are aligned to a 1.5 degree warming scenario and have been validated by the Science Based Targets initiative.

In support of these targets, we are also:
  • Aligning with the RE 100 initiative and committing to sourcing 100% of our global electricity from renewable sources by 2030;
  • Aligning with the EV 100 initiative and committing to a 100% electric global fleet by 2030;
  • Committing to zero waste to landfill by 2030 across our global operations; and
  • Accelerating our focus on product efficiency and product circularity.

 

Spectris has not paid any significant fines (> USD10,000) related to environmental or ecological issues in the past four fiscal years

Climate change

In 2021 we undertook a comprehensive assessment of the risks and opportunities for the Group related to climate change aligned to the TCFD framework.

Our comprehensive TCFD report is available below:

TCFD Report

tcfd report cover square
tcfd report cover square

Our emissions profile

We are confident in the systems that we have in place to measure, monitor and report our energy use. We manage our Scope 1 and 2 energy use through Envizi energy platform to support our detailed assessment of our environmental impact at a site level. We use this clear overview to target energy abatement activity. In 2021, we began work with Schneider Electric on a series of energy efficiency audits at key sites across the Group to identify abatement opportunities. This work will be completed in 2022 and key findings will be implemented locally, with common findings used to form a Group-wide standard for the environmental efficiency of all our sites.

Delivering on our commitment to transparency in our environmental transition, we report both local and market data for Scope 1 and 2 emissions and report annually against all relevant Scope 3 emission categories. We also report annually against the Global Reporting Initiative (‘GRI’) and Sustainability Accounting Standards Board (‘SASB’) standards.

Topic Metric 2021 2020 2019 Unit UN SDGs
Resource Use Total Energy Consumption 48,629.6 46,282.9 51,010.1 MWh

  - of which was renewable 8,995.3 2,373.8 8.91 MWh
Carbon Emissions Scope 1 6,963.9 7,693.7 11,465.9 Tonnes CO2e
Carbon Emissions Scope 2 - location based 26,660.1 24,410.6 26,960.9 Tonnes CO2e
  Scope 2 - market based 24,739.5 24,165.9 26,957.8 Tonnes CO2e
Carbon Emissions Scope 3 495,634.8 435,530.9 - Tonnes CO2e
Waste Management Total captured 6001.3 6462.9 - Tonnes
  - of which went to landfill 2913.4 3177.2 - Tonnes

Environmental data assurance and methodology

Deloitte have provided independent third-party limited assurance in accordance with the International Standard for Assurance Engagements 3000 (‘ISAE 3000’) and Assurance Engagements on Greenhouse Gas Statements (‘ISAE 3410’) issued by the International Auditing and Assurance Standards Board (‘IAASB’) over selected metrics, identified with*, within Spectris’ 2021 energy consumption and greenhouse gas (‘GHG’) emission disclosure.

Management is responsible for preparing the GHG disclosure and for the collection and presentation of information within it. Deloitte’s responsibility is to express conclusions on the selected metrics. The reliability of the reported information and data is subject to inherent uncertainties given the available methods for determining, calculating or estimating the GHG emissions. Deloitte’s full unqualified assurance opinion is available to view here.