ESG performance


Smiths has had environmental improvement targets since FY2007. Since FY2007 normalised Scope 1 & 2 greenhouse gas emissions have fallen by 75% and normalised non-recycled waste has fallen by 67%. In FY2023 we improved energy efficiency by 8% year-on-year.

Performance in current three-year goal period

  FY2022-2024 target Progress FY2023
Use of renewable electricity1,2 +5% increase to 66% +9% to 70%
Normalised greenhouse gas emissions1,2,3,4 5% reduction 31% reduction
Normalised non-recyclable waste2 5% reduction 20% reduction
Normalised water use in stressed areas (11 locations)2,3 5% reduction 17% reduction
Water reduction projects 30 projects 22 projects
Packaging reduction projects 24 projects 11 projects

1 Non-GHG producing electric sources including hydroelectric and nuclear.
2 Sites reporting utility data under Smiths HSE Reporting Policy, with 20 or more employees
3 Normalised to revenue. Absolute GHG emissions down 12%.
4 We have built a more aggressive GHG reduction target trajectory to meet our Science-Based Targets and an energy efficiency target into our colleague and executive incentive plans.







  • Our Group Recordable Incident Rate was 0.41 in FY2023, down 26% year-on year and continuing to track below the industry average.
  • We consistently receive a high score for safety in our My Say employee survey.
  • In FY2023 84% of Smiths colleagues participated in our global My Say employee survey.
  • Our global engagement score edged higher year-on-year to 73.
Gender Diversity
  • We have four women on the Smiths Board (40%)
  • We have three women on our Executive Committee (25%)
  • 25% of our senior leadership positions are held by women. Our target is to increase this to 30% by the end of FY2024.
  • Our direct economic contribution (employee costs + supplier costs + tax) was £2.8bn in FY2023.
  • We also launched the Smiths Group Foundation with a committed initial grant fund of £10m.
Ethical and Legal Compliance
  • We consistently receive a high score for ethics in our My Say survey.