Spectrum Technologies Achieves top SME Climate Rating, Demonstrating Environmental Leadership

Spectrum Technologies Ltd is proud to announce that it has achieved a SME Climate Score of B (the highest SME rating for 2024) from the Carbon Disclosure Project, recognising the company’s efforts and commitment to environmental sustainability and responsible business practices.

CDP (Carbon Disclosure Project) is a globally recognised non-profit organisation that operates an environmental disclosure system, assessing companies based on their climate strategies, emissions reductions, and transparency. The highest SME score achieved in 2024 was the newly established SME B rating, placing Spectrum Technologies among the leading SMEs globally in climate action. CDP has stated that data disclosed this year will help develop a methodology to enable SMEs to achieve an A rating in 2025, further raising the bar for climate leadership.

“Receiving a CDP Climate Score of B, up from our previous C rating for 2023, is a testament to the tangible improvements we have made in the last year in our sustainability performance, and our ongoing efforts to reduce our environmental impact as we work towards our goal of Net Zero in 2030,” said Dr Peter Dickinson, Spectrum Technologies’ Chairman. “We are now aiming for an A rating from CDP. As we continue our sustainability journey, we are committed to being at the leading edge of sustainability and further enhancing our climate strategy and aligning our operations with global environmental goals.”

Spectrum Technologies' Key Sustainability Initiatives:

• Carbon emissions reduction - Through a proactive approach the Company has reduced its normalised emissions from 4.42T CO2e per £100k of sales in 2019 to 3.08T CO2e in FY2023/24, a 30% reduction. From FY2021/22 the Company has offset in full all residual emissions through the use of Gold Standard carbon credits. From FY2023/24 emissions have been fully verified by a third party.

• ISO 14001:2015 Certification – during 2024 Spectrum Technologies achieved ISO 14001 certification for its UK headquarters, design, and manufacturing operations, demonstrating a structured approach to environmental management.

• Climate Transition Plan – The company has developed a climate transition plan aligned with the Paris Agreement’s goal of limiting global warming to 1.5°C.

• Reforestation & Conservation – Spectrum Technologies supports global reforestation and conservation projects through partnerships with Royal Society for the Protection for Birds (RSPB) and Stand for Trees, contributing to carbon offsetting and biodiversity preservation.

• Continuous Improvement – The company is actively refining its sustainability strategy, with the goal of achieving higher environmental performance in future CDP disclosures.

   

With this recognition, Spectrum Technologies reinforces its commitment to integrating sustainability into its core business strategy while continuing to explore new ways to minimise its environmental impact.