Potential offtaker

Spectris plc

www.spectris.com

Estimated electricity consumption

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Countries of production presence

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Spectris plc is a leading provider of precision instrumentation and controls for a wide range of industries. The company is headquartered in the United Kingdom and operates in the Measuring & Control Devices sector. Spectris plc has a global presence with operations in over 30 countries and employs more than 10,000 people worldwide.

Spectris plc is committed to sustainability and decarbonisation. The company recognises the importance of reducing its carbon footprint and has set ambitious targets to achieve net-zero emissions by 2050. Spectris plc is actively working towards achieving these targets by implementing a range of measures, including investing in renewable energy sources and reducing energy consumption across its operations.

One of the key initiatives that Spectris plc has undertaken to reduce its carbon footprint is the implementation of a corporate energy strategy. The company has developed a comprehensive energy management plan that focuses on reducing energy consumption, increasing energy efficiency, and investing in renewable energy sources. Spectris plc has set targets to reduce its energy consumption by 20% by 2025 and to source 50% of its energy from renewable sources by 2030.

To achieve these targets, Spectris plc has implemented a range of energy-saving measures across its operations. These include the installation of energy-efficient lighting and HVAC systems, the use of energy-efficient equipment, and the implementation of energy management systems. The company has also invested in renewable energy sources, such as solar and wind power, to reduce its reliance on fossil fuels.

Another key initiative that Spectris plc has undertaken to reduce its carbon footprint is the implementation of a corporate power purchase agreement (PPA). A PPA is a long-term contract between a company and a renewable energy provider, which guarantees the purchase of a specified amount of renewable energy over a fixed period. By entering into a PPA, Spectris plc is able to secure a reliable and cost-effective source of renewable energy, while also reducing its carbon footprint.

Spectris plc has entered into several corporate PPAs with renewable energy providers across the world. These agreements have enabled the company to source a significant proportion of its energy from renewable sources, reducing its reliance on fossil fuels and helping to reduce its carbon footprint.

In addition to its energy management and renewable energy initiatives, Spectris plc is also committed to reducing its environmental impact through sustainable business practices. The company has implemented a range of measures to reduce waste, conserve water, and promote sustainable sourcing across its operations.

Spectris plc is also committed to driving sustainability across its supply chain. The company works closely with its suppliers to promote sustainable practices and reduce the environmental impact of its products and services. Spectris plc has developed a comprehensive sustainability framework that sets out its expectations for suppliers and provides guidance on how to achieve sustainability goals.

In conclusion, Spectris plc is a leading provider of precision instrumentation and controls for a wide range of industries. The company is committed to sustainability and decarbonisation and has set ambitious targets to achieve net-zero emissions by 2050. Spectris plc is actively working towards achieving these targets by implementing a range of measures, including investing in renewable energy sources and reducing energy consumption across its operations. The company's commitment to sustainability and decarbonisation is reflected in its corporate energy strategy, corporate PPAs, and sustainable business practices. Spectris plc is a leader in the Measuring & Control Devices sector and is setting an example for other companies to follow in the transition to a low-carbon economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment