PIONEERS
OF PROGRESS
Environment, Social and Governance (ESG) is at the very centre of our purpose and we are committed to sustainability leadership.
Download Sustainability at Smiths report FY2022
Sustainability at Smiths is about improving the world in meaningful ways.
It's about translating ideas into actions that create value for all our stakeholders.
It's about protecting and supporting colleagues and connecting our daily work to our common purpose.
And it's about delivering for our customers and communities - earning trusted partnerships and applying more than 170 years of engineering expertise to help solve some of the greatest global challenges.
We distinguish ten foundational ESG elements that are essential to our success.
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Environment, Social and Governance (ESG) provides a framework to translate our Purpose into practical actions.
ENVIRONMENT
Developing and commercialising sustainability-advantaged products and services will enable Smiths to have an even greater positive impact on global environmental priorities than we could achieve on our own.
COMMERCIALISING
HIGH-VALUE
GREEN TECHNOLOGIES
Among our biggest opportunities to deliver stakeholder value is running our businesses well and driving growth through delivery of top commercial programmes that enable sustainability performance for and through our customers.
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In FY2022, we committed to ambitious Net Zero targets that
align Smiths with the UN’s critical global climate objectives:
Net Zero emissions from our operations (Scope 1 & 2) by
2040 and Net Zero emissions from our supply chain and
products in use (Scope 3) by 2050.
We have a successful record of delivering
reductions in our operational GHG emissions.
We are now taking big steps forward.
DELIVERING NET ZERO GHG
ENVIRONMENT
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Our longstanding commitments to use energy efficiently
and minimise waste are increasingly of interest and value
to our customers as they also seek to manage their own
environmental footprints.
Natural resources are finite, and we believe that
all businesses have a responsibility to use them
respectfully and safely – minimising consumption
and preventing pollution.
RESPECTING NATURAL
RESOURCES
ENVIRONMENT
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We are thankful for those who came before us and
helped establish robust safety cultures at our sites that
we work to continuously renew, strengthen and connect.
We understand that strong safety culture is fundamentally
about keeping safety personal and must reflect, and
respect, our diverse and global organisation.
Our commitment to our people starts with keeping us
all safe and healthy. This is our essential foundation
and number one focus. We strive to always improve
and be proactive, including designing for safety;
strengthening our safety culture every day; and
working to improve our colleagues’ lives in the round.
IMPROVING SAFETY,
HEALTH AND WELL-BEING
SOCIAL
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Smiths colleagues have access to training and resources
to undertake their roles safely, effectively, and in line with
our policies. Colleagues also have access to a developing
range of personal and skills growth resources as they
progress in their careers including specialist technical
and functional and externally accredited programmes.
We are currently honing our leadership programmes to
better support business needs and so that our leaders
can more effectively support their teams.
Our organisational commitment is to ensure that all
our colleagues have opportunities to develop their
skills and reach their full potential.
DEVELOPING TALENT
SOCIAL
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We know that when colleagues feel included, valued, and
encouraged to make a meaningful contribution, Smiths will
thrive as we continue to attract and retain the diverse talent
that we need.
Our team of colleagues represents dozens of nations,
speaking a multiplicity of languages, and embodying
many different perspectives. We strive to embrace
these differences and promote actions and behaviours
that will deliver an inclusive and supportive work
environment where every member of the Smiths team
can be the best version of themselves.
PROMOTING DIVERSITY,
EQUITY AND INCLUSION
SOCIAL
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Smiths products and services support critical global
industries where we are pioneering progress in
safety, efficiency and environmental performance.
Our operations around the world play a beneficial
role in local economies through job creation and skills
development; procurement and generating tax revenues;
and operating safely, environmentally responsibly and
ethically. We also engage directly through fundraising,
charitable giving and education initiatives.
We aim to improve our world by
contributing positively to our communities
and society in general.
CONTRIBUTING TO
OUR COMMUNITIES
SOCIAL
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We have a mature governance environment with exacting
standards, robust diligence processes and a proactive
management approach. And we seek to work with partners
who support our Values to minimise risk and maximise
our positive social and environmental impact.
Behaving ethically and with integrity is a
fundamental part of our Values. We also operate in
some highly regulated markets and sectors which
require strict adherence to local and international
industry regulations.
BEHAVING ETHICALLY
AND LEGALLY
GOVERNANCE
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Our enterprise risk management (ERM) process supports
open communication on risk between the Board and the
Audit & Risk Committee, the Executive Committee, our
divisions and sites, and ensures that risk is appropriately
managed to deliver our business objectives. ESG matters
are fully integrated into the ERM process and are identified
and managed in the same way as other Group risks.
Continual assessment and management of risks,
and assurance through internal controls, is an
integral part of day-to-day operations at Smiths.
MANAGING RISK AND
MAINTAINING STRONG
AND EFFECTIVE CONTROLS
GOVERNANCE
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Our overall governance framework provides the structures
and systems through which our strategies and objectives
are set and achieved, how risk is monitored and managed
via controls, and how our performance is managed and
optimised with appropriate oversight from the Board.
Good quality, ethical and effective decision-making
builds sustainable businesses and enables them
to create long-term value for all stakeholders.
EFFECTIVE LONG-TERM
DECISION MAKING
AND TRANSPARENCY
GOVERNANCE
Enabled by our culture
ESG Strategic Priorities
Reports and Policies
ESG Performance
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Paul Keel
Chief Executive Officer, Smiths Group plc
Sustainability is at the heart
of our Purpose – improving
our world through smarter engineering. Performing well across all dimensions of ESG
is how we deliver value to
all our stakeholders.
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Non-executive Director and Chair Science, Sustainability & Excellence Committee
Dame Ann Dowling
Smiths has a long history of engineering solutions to important challenges. Today, that includes reducing GHG emissions and addressing climate change. I’m happy that Smiths is committed both to Net Zero and to applying our expertise to help customers along the same journey.
Chief Sustainability Officer, Smiths Group plc
John Ostergren
Sustainability and ESG are all about delivering for people. It’s about how the work we do improves the world in tangible ways for all our stakeholders.
It’s about how a growing Smiths delivers for our colleagues, customers and communities.
Chief People Officer, Smiths Group plc
Vera Kirikova
We have a responsibility to create a safe, respectful and inclusive work environment for everyone, every day. This will help our people thrive, our business succeed,
and is our top priority.
Group General Counsel, Smiths Group plc
Mel Rowlands
Strong and effective
governance ensures our integrity and transparency.
A well-managed and efficient company is resilient and can respond to a fast-changing external environment and bring long-term sustainable value for all stakeholders.
Improving our world
through smarter engineering
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At Smiths our culture empowers and enables our people to deliver on our Purpose. Living our five Values every day, in each action and decision that we take, makes Smiths a place where we are happy and proud to work. It’s what makes us reliable, trustworthy, and valued partners for each other, our customers and suppliers and supports the long-term sustainability and success of our business model. And it’s what we demonstrate by driving ESG performance.
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Managing risk and
maintaining strong and
effective controls
Effective long-term
decision making and
transparency
Behaving ethically
and legally
Contributing to
our communities
Promoting diversity,
equity and inclusion
Developing
talent
Improving safety,
health and well-being
Respecting natural resources
Delivering
Net Zero GHG
Commercialising
high-value
green technologies
We support customers and industries that are leading the way to a sustainable future by developing and implementing green technology solutions targeting climate risk, energy transition and next generation, efficient infrastructure.
Our unique engineering capabilities and technologies position us strongly to support customers on this vital journey and we are targeting new product development opportunities in growth markets where our technology and capabilities offer differentiated value through improved sustainability performance.
Sustainability is at the heart of our Purpose – improving our world through smarter engineering. Performing well across all dimensions of ESG is how we deliver value to all our stakeholders.
Chief Sustainability Officer, Smiths Group plc
John Ostergren
Chief People Officer, Smiths Group plc
Vera Kirikova
Group General Counsel, Smiths Group plc
Mel Rowlands
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Strong and effective governance ensures our integrity and transparency. A well-managed and efficient company is resilient and can respond to a fast-changing external environment and bring long-term sustainable value for all stakeholders.
We have a responsibility to create a safe,
respectful and inclusive work environment for everyone, every day. This will help our people thrive, our business succeed,
and is our top priority.
Sustainability and ESG are all about delivering for people. It’s about how the work we do improves the world in tangible ways for all our stakeholders.
It’s about how a growing Smiths delivers for our colleagues, customers and communities.
Environment, Social and Governance (ESG) is
at the very centre of our purpose and we are committed to sustainability leadership.
Download Sustainability
at Smiths report FY2022
Find out more
Download Sustainability at Smiths report FY2022
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Reports and Policies
ESG Performance
ESG Strategic Priorities
Reports and Policies
ESG Strategic Priorities
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Download Sustainability at Smiths report FY2022
Sustainability as a Growth Driver
Download Sustainability
at Smiths report FY2022
Sustainability as a Growth Driver
