Responsible business
Our focus areas
Long-term sustainable success: ensure the viability of the business by generating and preserving value over the long term
Governance: framework of policies and procedures which control and direct the Group
Ethics:acting with integrity to demonstrate the highest standards of responsible and ethical behaviour
Compliance: respecting and adhering to laws and regulations and our policies and procedures
Empowering people
Targets
Employee Engagement:One Big Voice survey results for % of employees who view IMI as a great place to work to be >80%
Diversity: women in management across the Group to reach 25%
Health & Safety: to remain within the top quartile of safety performance for the industry sector
Performance
– Employee engagement, measured through the One Big Voice survey, has increased from 77% in 2023 to 79% in 2024.
– Percentage of women in management positions is 24%
– Total Recordable Incident Frequency Rate (‘TRIFR’) was 0.38, down from 0.44 in 2023
Sustainable solutions
Targets
– Ensuring our R&D spend as a % of revenue remains at a minimum of 3%
Performance
– R&D as a % of revenue was 3.3% in 2024, inline with 2023
Climate action
Targets
Our emissions
Scope 1 & 2
– Decrease emission intensity to 1.39tCO2e* (50% of 2019 baseline) by 2030 on a location basis
– Achieve net zero for Scope 1 & 2 emissions by 2040
Scope 3
– Decrease total Scope 3 emissions by 25% by 2030
– Achieve net zero for Scope 3 emissions by 2050
Our water usage
– Decrease water intensity to 9.7m3* (10% reduction compared to 2020 baseline) by 2030
Total non-recycled hazardous waste
– Decrease by 50% from a 2022 base by 2030
Performance
Our emissions
Scope 1 & 2
– Total CO2 intensity reduction of 31% from 2.78tCO2e* in 2019 to 1.93tCO2e* on a location basis (2023: 1.98)
– Absolute CO2e emissions reduction of 36% from 57,500t (in 2019) to 36,993t (2023: 38,604t)
Scope 3
– Total absolute Scope 3 emissions have reduced from 574,108tCO2e in 2021 to 518,454 tCO2e in 2024 (a 10% reduction)
Our water usage
– Total water usage reduction of 15% from 203,444m3 in 2020 to 172,021m3 in 2024
– Total water intensity reduction of 17% from 10.8m3* in 2020 to 9.0m3* in 2024
– Total non-recycled hazardous waste of 239t in 2024 (2023: 321t), 38% lower than 2022 baseline.
* Per 1,000 hours worked
IMI in Action
A spotlight on TWTG
Over the past six years, we have delivered value through six strategic, bolt-on acquisitions. The latest, TWTG, a Rotterdam-based innovator in wireless sensor technology, joined our Process Automation team in October 2024.
Creating impact with energy saving Climate Control solutions
With cutting-edge engineering expertise and solutions in hydronic balancing, pressurisation, water quality management, and thermostatic control, our Climate Control technologies not only optimise heating and cooling systems for commercial and residential buildings but also deliver measurable cost savings and sustainability benefits.
Nurturing female talent: our commitment to growth and innovation
Our investment in continuous training and development underpins the excellence in our know-how, customer service, and the innovation that drives our growth.