Stronger communities
Supporting our communities
Spirax Group is responsible and committed to positively contributing to the communities in which we operate.
We work to address global sustainability challenges such as poverty, hunger, access to education, inequality, climate change and biodiversity loss.
Our global community engagement programme, ‘Giving today for a better tomorrow’ focuses on meeting local needs today so that our communities will be stronger and more resilient now and in the future.
In 2024, many of our colleagues demonstrated their commitment to supporting our communities by collectively contributing more than 30,000 working hours to volunteering activities, a 20% increase on the prior year. Taking the total number of reported volunteering hours since the One Planet Sustainability Strategy was launched in 2021 to nearly 90,000 hours.
During the year, our operating companies made cash or in-kind donations with a reported value of £228,200. Our colleagues also contributed an additional £60,300 of donations, in Company-organised charitable activities. Since launching the One Planet Sustainability Strategy in 2021, our operating companies have made over £1.25 million of charitable donations locally.
During 2024, Spirax Group’s Charitable Fund (Charitable Fund) refreshed its administration processes and donation criteria. During the year, we donated £100,000 to a range of local, national and international charitable causes, as we commenced re-focusing our donations towards charities with greater alignment to the new criteria.
During 2024, the Education Fund, which was overseen by two Company and two independent Trustees, made 40 new and 30 multi-year grants with a combined value of over £1 million, across 36 countries. This takes the total value of grants made during its three years of operation to in excess of £3.2 million.
How we make a difference
We deliver a combination of local and Group-supported activities. All Group colleagues are entitled to three days of paid volunteering leave each year, to give their time, talents and expertise for a wide range of good causes.
Our operating companies are encouraged to support their communities by identifying local needs, donating cash or other forms of help to meet those needs.
Our key strategic targets:
- Deliver 150,000+ hours (cumulative) of colleague volunteering globally by 2025
- £2 million of cash or in-kind donations (cumulative) made by our Group Companies by 2025
- Establish a Group Education Fund and donate up to £15 million by 2030