Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Our manufacturing facilities have limited emissions and we aim to reduce carbon intensity each year. Most of the products made by Porvair are used to the benefit of the environment.

Social Achievements

• Much has been done in support of the wider fight against the pandemic. Filters and other components have been made for several of the UK consortia that developed hospital breathing apparatus. Orders for these products have been received from around the world. Demand for diagnostic kit components has increased.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impacted supply chains, order patterns, and demand across various markets (China, academic/industrial labs, US/Europe industrial and automotive, aviation).
• Recessionary pressure.
• Geopolitical risks and tariffs in China.

Mitigation Strategies

• Reduced spending, adjusted capacity (overtime, temporary staff, furloughs).
• Used federal Paycheck Protection Plan loan in the US.
• Continued sensible capital expenditure for anticipated demand, margin increase, and quality improvement.
• Impairment of assets in Metal Melt Quality plant in China.
• Cost restructuring.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Water analysis equipment, industrial filters, aerospace filters, nuclear filters, Metal Melt Quality filters

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Environmental protection
• Water quality
• Employee engagement

Environmental Achievements

• Exceeded the 2020 target of a 10% reduction in carbon intensity ratio by 2025, resetting the target to a further 10% reduction from the 2022 baseline.

Social Achievements

• Successful employee engagement programs, exceeding almost all targets set for cash generation, margin enhancement, and active employee engagement.
• Details of employee engagement and environmental programs are published in a separate ESG report.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain dislocation
• Inflationary pressures
• Uncertain economic picture
• Likelihood of currency headwinds

Mitigation Strategies

• Vigilance regarding supply chain issues
• Focus on cost, price, and inventory decisions close to the market
• Consistent investment in productivity
• Strong balance sheet to support continued investment

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• AQ700 water analysis instrument

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Environmental protection
• Water quality
• Sustainable transportation
• Waste reduction
• Employee engagement

Environmental Achievements

• Most products benefit the environment (water analysis, emission reduction filters, etc.)
• Not disclosed

Social Achievements

• Devolved management structure enabling key commercial decisions close to the customer
• Annual objectives for general managers included selected ESG metrics
• Employee engagement framework set out by the Board
• Staff across 22 facilities coped well with de-stocking and falling lead times

Climate Goals & Targets

Environmental Challenges

• De-stocking in US industrial consumables
• Adverse foreign exchange

Mitigation Strategies

• Acquisitions
• Strong order books in aerospace and petrochemical
• Demand recovery in Laboratory
• New products in Seal Analytical

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed