that has helped remove harmful emissions from vehicles for almost 50 years and is now enabling the rapid commercialisation and scale-up of low- and zero-carbon technologies – like sustainable fuels and green hydrogen – to catalyse the world’s transition to net zero.
Our position as the world’s largest recycler
of secondary PGMs means we also have
a distinctive role in the circular economy, ensuring our businesses and customers have access to a reliable, sustainable supply of these scarce precious resources.
Johnson Matthey’s vision is for a world that is cleaner and healthier, today and for future generations. Our contribution to that world is based on the transformative power of platinum group metal (PGM) chemistry, where our 200-year history gives us a unique advantage.
Drawing on that expertise in PGM chemistry, catalysis and process design, we create technologies and processes that help power our customers’ products – principally in the automotive, chemicals and energy markets. It’s this expertise
A vision for a cleaner, healthier world
As a global leader in sustainable technologies, we apply our cutting-edge science to create solutions with our customers that make a real difference to the world around us.
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Annual Report 2022
30+
205
Financial and non-financial highlights
Financial highlights
Underlying earnings per share
Underlying operating profit
(Loss) / earnings per share
Sales
Operating profit
£3,778m
3%
£255m
-17%
Sustainability
Our products and services are the clearest demonstration of our vision for a cleaner, healthier world. And their biggest positive impact occurs when our customers use them in their products. But we also want to ensure we make them in ways that minimise our impact on the planet and our local communities. We rely on our talented employees and supply chain partners to help us do that.
Click on the diagram
for more information
Accelerating
a cleaner,
healthier world
Products and services
Operations
People
Read Chief Executive’s statement
Download the Report
Our reinvigorated strategy
Our goal
2030 target
Performance in 2021/22
Produce and innovate fora cleaner, healthier world
More than 95% of sales contributing to four priority UN SDGs
More than 95% of R&D spend supporting four priority UN SDGs
83.8%
88.1%
Drive lower global greenhouse gas (GHG)emissions
50 million tonnes of GHG emissions avoided per year using technologies enabled by JM’s products and solutions, compared to conventional offerings
489,000 tonnes
Enable less harmful air pollution globally
700,000 additional tonnes of NOx removed from vehicletailpipes per year using technologies enabled by JM’s products,compared to regulated baseline levels
63,000 tonnes
Conserve scarce resources
Increase recycled PGM content in JM’s manufactured products to at least 75%
71 %
Keep people safe
Reduce our ICCA process safety severity rate to 0.4
0.59
1.37
Create a diverse, inclusive and engaged company
65%
Uphold human rights in our value chain
100% of value chain partners assessed for human rights risks and remedial plans in place where high risks identified
Worked with KPMG to develop a robust human rights risk framework
Achieve an employee engagement score of more than 75%
Achieve more than 40% of female representation across all management levels
27%
Achieve net zero by 2040
33% reduction in Scope 1 and Scope 2 GHG emissions
20% reduction in Scope 3 emissions from purchased goods and services
2% increase
8% reduction
Reduce water consumption and waste
25% reduction in net water usage
50% reduction in total hazardous waste produced
4% reduction
6% increase
Minimise environmental footprint
40% reduction in NOx emissions from our operations
5% increase
Make cradle-to-gate life cycle analysis (LCA) information available for more than 95% of our products
Recruited a small team of LCA specialists to begin making progress in 2022/23
Invest in our local communities
More than 6,000 days of corporate volunteering annually
1,322
Annual Report: Sustainability
Intro
Highlights
Leadership statements
Our strategy
Case studies
Sustainability
Catalysing the net zero transition
Revenue
£16,025m
4%
Non-financial highlights
Hear from our Chair, Patrick Thomas
Hear from our Chief Executive Officer, Liam Condon
countries around the world
Sites and locations in
0
4
8
12
16
20
26
30
+
people
More than
0
2,082
4,164
6,246
8,328
10,410
12,492
14,580
year history
Company with a
0
30
60
120
150
180
200
204
"My first full year at JM has certainly brought a lot of challenge - with difficult portfolio choices and the need to react to highly volatile global markets."
Stephen Oxley
Chief Financial Officer
Patrick Thomas discusses:
Exiting Battery Materials and Health to protect JM’s future
A robust set of results despite a challenging year
A new energy to help accelerate net zero
A clear path to the future
Close
Patrick Thomas
Chair
“This has been a very challenging year
for Johnson Matthey and our shareholders.
We took important and necessary strategic decisions with regard to the business portfolio, with the exit from Battery Materials and divestment of Health. I know many of our stakeholders were very disappointed, but these were essential actions to enable us to focus on attractive, high-growth opportunities that have a vital role to play in the acceleration towards net zero. I, the rest of the board and the executive team are determined that we will restore value to our shareholders.”
Read Chair’s statement
Liam Condon
Chief Executive Officer
“Throughout my career, I have only ever worked for companies that combine science with a strong sense of purpose. Science fuels progress, it’s how the world grows. But, for me, that progress needs to be purposeful, it needs to make the world a better place. That desire
to combine science and purpose resulted in me spending 20 years of my life working in human health and 10 years in animal and plant health.
Now, I am delighted to lead a company that
is focused on using science to protect our
planet’s health.”
Close
Liam Condon discusses:
Robust underlying results
Revised strategy to drive value creation
Strengthening our leadership team for a successful future
Looking ahead
Download the full statement
2020/21: £15,435m
2020/21: £3,685m
Free cash flow
Ordinary dividend per share
2020/21: £309m
£553m
17%
2020/21: £473m
-52.6p
N/A as loss this year
2020/21: 106.5p
213.2p
26%
2020/21: 168.9p
77.0p
10%
2020/21: 70.0p
£221m
-25%
2020/21: £295m2
People
Operations
Products
and services
83.8%
Sales contributing to four priority UN SDGs
2020/21: 84.7%
88.1%
Gross R&D spend contributing
to four priority UN SDGs
2020/21: 87.3%
399,906
Scope 1 and 2
GHG emissions
CO2 tonnes equivalent
2020/21: 385,4553
CO2 tonnes equivalent
3.01m
Upstream Scope
3 GHG emissions (purchased goods and services)
CO2 tonnes equivalent
2020/21: 2.85 million CO2 tonnes equivalent
0.59
Total recordable injury andillness rate
2020/21: 0.55
27%
Diversity and inclusion
women across all management levels
2020/21: 27%
Read more
Cleaner air,
healthier people
Close
Our goal
2030 target
Performance in 2021/22
Close
Our goal
2030 target
Performance in 2021/22
Close
Achieve a total recordable injury and illness rate for employees and contractors below 0.25
Download the full statement
Read our case studies and see how our people are contributing
Hear from Sabrina Elix, Industrialisation Lead
Read more
Decarbonising air travel
Hear from Amelia Cook, Senior Engineer
Read more
Download the Report
Accelerating zero emissions transport
Hear from Emily Nesling, R&D Scientist
Read our case studies and see how our people are contributing
Read our case studies and see how our people are contributing
Read more
Unlocking the potential of hydrogen
Hear from Will McDonnell, Research Scientist, and Mark McKenna, Process Technology Manager
Read our case studies and see how our people are contributing
Section downloads
Strategic report
Governance
Accounts
Other information
Sustainability reporting
TCFD report
GRI index
SASB index
Assurance statement
Downloads
Strategic Report
Strategic report
Read more
Read the full statement
Read the full statement
Download the full statement
Close
Read more
Read more
Read our case studies and see how our people are contributing
Read our case studies and see how our people are contributing
Read our case studies and see how our people are contributing
Read more
Read more
Read more
Annual Report: Sustainability
Strategic Report
Governance
Accounts
Other information
TCFD
GRI
SASB
Basis of Reporting
Assurance statement
Download the Report
Download the Report
Download the Report
Download the Report
Download the Report
Close
Our goal
2% increase
8% reduction
Performance in 2021/22
33% reduction in Scope 1 and Scope 2 GHG emissions
20% reduction in Scope 3 emissions from purchased goods and services
2030 target
Achieve net zero by 2040
Reduce water consumption and waste
Minimise environmental footprint
Our goal
Close
25% reduction in net water usage
50% reduction in total hazardous waste produced
40% reduction in NOx emissions from our operations
Make cradle-to-gate life cycle analysis (LCA) information available for more than 95% of our products
4% reduction
6% increase
5% increase
Recruited a small team of LCA specialists to begin making progress in 2022/23
People
Achieve a total recordable injury and illness rate for employees and contractors below 0.25
Reduce our ICCA process safety severity rate to 0.4
2030 target
100% of value chain partners assessed for human rights risks and remedial plans in place where high risks identified
More than 6,000 days of corporate volunteering annually
Keep people safe
Create a diverse, inclusive and engaged company
Uphold human rights in our value chain
Invest in our local communities
Our goal
Close
Achieve an employee engagement score of more than 75%
Achieve more than 40% of female representation across all management levels
0.59
1.37
65%
27%
Worked with KPMG to develop a robust human rights risk framework
1,322
Sustainability
CFO's review
Basis of Reporting
Remuneration Committee
CFO's review
13,000
30+
205
13,000+
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