IMI plc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:40,480 tCO2e/year (Scope 1 & 2)

Scope 1 Emissions:11,826 tCO2e/year

Scope 2 Emissions:28,654 tCO2e/year

Scope 3 Emissions:586,629 tCO2e/year (2021 data)

Renewable Energy Share:79% of total electricity consumption

Total Energy Consumption:158,223,631 kWh/year

Water Consumption:193,457 m3/year

Waste Generated:387 tons/year (non-recycled hazardous)

Carbon Intensity:2.09 tCO2e per 1,000 hours worked (2022)

ESG Focus Areas

Empowering people
Sustainable solutions
Climate action

Environmental Achievements

Reduced CO2 intensity by 9%
Reduced total water usage by 5% from 203,444 m³ in 2020 to 193,457 m³ in 2022
Total non-recycled hazardous waste of 387 tonnes in 2022

Social Achievements

Increased employee engagement score from 77% in 2021 to 80% in 2022
Improved Total Recordable Incident Frequency Rate (TRIFR) by 38% from 0.56 to 0.35
Percentage of women in management positions increased to 22% (from 21% in 2021)

Governance Achievements

Launched a revised Code of Conduct and associated online training
Launched a new Employee Assistance Programme

Climate Goals & Targets

Long-term Goals:

Net zero Scope 1 & 2 emissions by 2040
Net zero Scope 3 emissions by 2050

Medium-term Goals:

Reduce Scope 1 & 2 emissions intensity by 50% by 2030
Reduce Scope 3 emissions by 25% by 2030

Short-term Goals:

Reduce water intensity by 10% by 2030
Reduce total non-recycled hazardous waste by 50% by 2030

Environmental Challenges

Supply chain disruptions due to global economic uncertainty, political instability, and the war in Ukraine
Competition in core markets
Talent acquisition and retention
Cybersecurity threats
Climate-related physical risks (floods, storms, drought, heat)
Transition risks related to regulatory changes and market shifts towards low-carbon technologies

Mitigation Strategies

Diversification of supply chains, framework agreements with key suppliers, safety inventory
M&A strategy focused on attractive growth markets
Talent attraction, visibility, and development initiatives
Multi-layered IT security strategy, investments in preventative infrastructure and employee training
Climate change exposure analysis of major sites, development of mitigation actions
Investments in R&D for low-carbon technologies, support for customers in the transition to a hydrogen economy

Supply Chain Management

Supplier Audits: Audits of high-risk suppliers for aspects including Modern Slavery

Responsible Procurement

Supply Chain Code of Conduct
Modern Slavery Act Statement
Responsible Minerals Sourcing policy
Solar Panel Sourcing policy

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather events (floods, storms)
Drought
Heat

Transition Risks

Regulatory changes
Market shifts towards low-carbon technologies
Phase-out of certain materials

Opportunities

Increased demand for energy-efficient products
Growth opportunities in hydrogen technologies

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: ISO 14001, ISO 45001, ISO 50001 (four sites)

Third-party Assurance: Ricardo Energy & Environment (limited assurance for GHG emissions)

UN Sustainable Development Goals

Goal 7 (Affordable and clean energy)
Goal 13 (Climate action)

IMI's initiatives contribute to these goals through emissions reduction, renewable energy adoption, and development of sustainable products and solutions

Sustainable Products & Innovation

IMI VIVO Electrolyser
Adaptix soft jaw
Halo-B valve
Retrofit3D

Awards & Recognition

London Stock Exchange Green Economy Mark

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:38,604 tCO2e (Scope 1 & 2)

Scope 1 Emissions:10,607 tCO2e

Scope 2 Emissions:27,997 tCO2e

Scope 3 Emissions:529,376 tCO2e

Renewable Energy Share:75% of electricity consumption

Total Energy Consumption:533,134 GJ

Water Consumption:186,171 m3

Waste Generated:321 tons (non-recycled hazardous)

Carbon Intensity:1.98 tCO2e per 1,000 hours worked