Better Health for All
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Smiths Group completed the sale of its Smiths Medical division in January 2022, refocusing its business on industrial technology.
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Consequently, the company's current core products and services have no significant direct positive or negative health impact, nor do they generate revenue from products with established negative health outcomes. The company's current industrial products do not have direct safety implications for users, require accessibility considerations, carry health risks, or involve the collection of health-related data. While Smiths Group contributed to public health efforts during the COVID-19 pandemic, including ventilator production and medical equipment donations, these actions were largely tied to the divested medical division, rendering the company's current operations not directly relevant to health crisis response. Initiatives related to employee health, safety, and mental well-being, such as a global recordable incident rate of 0.44 in FY2024
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and the THRIVE network, are outside the scope of this value, which specifically excludes workplace safety and worker rights. The Smiths Group Foundation's grants focus on STEM Education, Community Safety, and Environmental Sustainability, not directly on health outcomes or equity.
Fair Money & Economic Opportunity
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Smiths Group PLC is a global technology company focused on industrial, medical, and security sectors, and does not offer lending or deposit services to consumers. Its core operations are in high-performance industrial technologies, lacking involvement in equitable financial services.
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Consequently, all KPIs related to consumer financial services, such as underserved client share, pricing fairness, exploitative fee exposure, and debt burden ratio, are not applicable to its core business. The company does not generate or manage customer finance data, nor is it regulated as a lender. While Smiths Group operates an all-colleague Sharesave Scheme
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and has a foundation for engineering-related causes, these do not align with the specific definitions of community finance or wealth-building outcomes for underserved customers or communities within the context of financial services.
Fair Pay & Worker Respect
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Smiths Group reported a Recordable Incident Rate (RIR) of 0.28 in FY2025, demonstrating strong safety management.
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The company's median hourly gender pay gap was -7.3% in favour of women in April 2024, indicating over-parity.
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The CEO pay ratio to the median employee was 46:1 in FY2024.
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Employee engagement scored 75 in FY2024, and voluntary employee turnover was 8.7%.
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Smiths Group has been an accredited Living Wage employer in the UK since 2018, covering approximately 8% of its global workforce of over 15,000 employees.
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In 2024, its subsidiary, John Crane, Inc., received two workplace safety or health violations.
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Fair Trade & Ethical Sourcing
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Smiths Group reported no serious human rights issues, including forced or child labour, in its operations or supply chains for FY2022, FY2024, and FY2025.
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The company does not employ anyone under the age of 16.
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Proactive risk assessments are ongoing, categorizing suppliers by risk based on spend, location, and industry, and using tools like EcoVadis IQ, Global Slavery Index, and Trafficking in Persons Report.
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For audit frequency, 28% of supplier spend was evaluated on the EcoVadis platform by the end of FY2025, with these suppliers subject to annual review.
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Additionally, annual external human rights audits are conducted for the top ten suppliers in India by spend.
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However, risk assessment and processes currently focus on Tier 1 suppliers.
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In FY2026, Smiths plan to conduct a strategic assessment to define the most effective, risk-based, and proportionate approach for evaluating ESG compliance among Tier 2 suppliers.
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Honest & Fair Business
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The company received an S&P Global ESG Score of 52 (last updated December 2025).
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It has a mandatory Speak Out Policy, last reviewed in January 2025, applicable to all employees, guaranteeing no retaliation.
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The policy offers a 24/7 hotline (web, email, phone) and internal channels.
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Reports are acknowledged within 7 days, and investigations for complicated reports typically take between 1-3 months.
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Updates are provided within 3 months.
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In FY2025, there were 328 Speak Out reports, with 20% substantiated.
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The company has a mandatory, comprehensive Anti-Bribery and Corruption Policy (Policy 3.33, last reviewed June 2024) that applies worldwide to all employees and entities.
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It strictly forbids bribery, includes a non-retaliation policy, and requires managers to conduct due diligence, incorporate anti-corruption clauses in contracts, and monitor third parties.
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In FY2025, an anti-bribery risk assessment was undertaken for the China region.
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Ethics training is delivered in two tiers, including online modules and group activities.
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Kind to Animals
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Smiths Group PLC operates in the specialty industrial machinery sector, with its business model not typically involving direct interactions with animal welfare, animal testing, or animal-derived products. explicitly states that practices harmful to animals are absent, leading to a neutral position on being kind to animals. Therefore, KPIs related to animal testing, animal-derived products, animal agriculture, and humane operations are not applicable to the company's core business and are scored as N/A (0). While the company participated in the World Land Trust's 'buy an acre' program in FY2025 to protect land equivalent to 1.2x its operational footprint
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and supported the conservation of 250 acres in Uganda in July 2025
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, the rubric for wildlife conservation impact requires a percentage of revenue, which is not provided. Supplier evaluations on the EcoVadis platform covered 28% of suppliers by spend by FY2025
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, with a target of 40% by FY2027
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, but these focus on human rights and modern slavery, not specifically animal welfare. R&D spend was 4.3% of sales in FY2025
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, but the portion specifically for animal-free technologies is not stated.
No War, No Weapons
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Smiths Group PLC derived approximately 10.9% of its total revenue from the Aerospace & Defense sector in the 2024 fiscal year.
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Its Smiths Detection and Smiths Interconnect units manufacture military and dual-use goods, including sensors for detecting explosives, weapons, and chemical agents, which are applied in both military and civilian settings.
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The company's Human Rights Policy, last revised in February 2022, is guided by the United Nations Guiding Principles on Business and Human Rights, and the company takes active steps to ensure compliance.
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Planet-Friendly Business
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Smiths Group's total Scope 1, 2, and 3 emissions for FY2025 were 1,225,765 tCO₂e.
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While Scope 1 & 2 emissions decreased by 11.4% in FY2025,
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total emissions increased by 2.66% from FY2024 (restated) to FY2025.
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The company's Net Zero targets for Scope 1 & 2 by 2040 and Scope 3 by 2050 have been validated by SBTi,
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with a commitment to a 50% reduction in all reported emissions by 2032.
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In FY2025, 74% of electricity was sourced from renewables.
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Water intensity in water-stressed sites was 11.39 m³/£m revenue in FY2025,
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and 17% of water withdrawal was from water-stressed basins.
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The company achieved a 28% non-recycled waste rate in FY2025.
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All 100 eligible operational sites are ISO 14001 certified.
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Smiths Group uses the EcoVadis platform for supplier management,
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with 28% of suppliers by spend evaluated in FY2025,
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and 9% of suppliers by spend having SBTi-aligned targets.
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The company undertook a top-down biodiversity risk assessment,
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published a Biodiversity statement,
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and became a World Land Trust corporate partner in July 2025,
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supporting the conservation of 250 acres.
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In FY2025, there was one environmental compliance penalty.
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Climate-related disclosures are consistent with TCFD recommendations,
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and climate scenario analysis work has been undertaken.
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The company has initiated 28 packaging reduction projects since FY2021.
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Smiths Group recognizes that colleagues may need mental health support during business transition but does not detail formal just transition programs.
Respect for Cultures & Communities
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Smiths Group established the Smiths Group Foundation with an initial commitment of £10 million.
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In 2024, approximately £1 million in grants were awarded to global charities, focusing on improving access to STEM education for underrepresented groups, enhancing community safety, and promoting environmental sustainability.
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The company also promotes community engagement through paid volunteering leave and STEM education programs.
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Internally, Smiths Group fosters diversity, equity, and inclusion through various employee resource groups, including the Black Employee Network, Pride Coalition, Veteran Employee Resource Group, Neurodiversity Employee Resource Group, and Women@Work, alongside a maternity buddy program.
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Safe & Smart Tech
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Smiths Group demonstrates a commitment to responsible AI development through its Ada Initiative, a structured process ensuring third-party AI solutions integrate seamlessly while adhering to rigorous security, compliance, and performance standards.
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Its iCMORE APIDS algorithm has received local approval from the Netherlands’ NCTV, meeting EU APIDS Standard 1 and Dutch national detection standards after rigorous third-party testing by TNO, an ECAC certified test centre.
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The company has achieved ISO 27001 certification for information security at sites in Germany and France, with plans to extend this across international production facilities.
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Smiths Group states compliance with the General Data Protection Regulations 2016
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and provides users with rights to access, correct, delete, stop the use of, and transfer their personal data.
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In January 2025, the company disclosed a significant cybersecurity breach involving unauthorized access to its systems, which were swiftly isolated, and experts engaged for recovery; however, details on the scale of impact were not disclosed.
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Zero Waste & Sustainable Products
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Smiths Group achieved a waste diversion rate of 68.2% in FY2025, recycling 9,766 tonnes out of 14,319 tonnes total.
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The company integrates circular economy principles into product lifecycle and business processes.
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Smiths products and services score strongly on the key pillars driving new EU regulations on sustainable product design – particularly durability, reusability and repairability.
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Waste reduction initiatives include a new Waste Policy launched in FY2024
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, 21 waste/circularity projects in FY2025 (targeting 30 by FY2027)
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, and over 9,000 reworked parts returned to service in FY2024.
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Non-recyclable waste decreased by 19% compared to FY2021.
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Hazardous waste management adheres to strict compliance, including the WEEE Directive
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, with total hazardous waste reduced from 1,333 tonnes in FY2024 to 1,037 tonnes in FY2025.
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An external environmental compliance audit program covers approximately 15 sites annually.
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The company incurred one environmental compliance penalty in FY2025
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but reported no spills or fines in FY2024.
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Waste reduction targets include a 5% reduction in waste disposal normalized to revenue from FY2025 to FY2027.
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For suppliers, an ESG Supply chain Due Diligence Policy was launched in FY2024
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, and 28% of supplier spend was evaluated on EcoVadis by FY2025 (targeting 40% by FY2027).
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9% of supplier spend also has SBTi aligned targets, aiming for 25% by FY2027.
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