RCS - Weir Group PLC - Weir retains CDP A score for climate transparency

WeirAnnouncement

23/07/2025 07:00

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RNS Number : 1297S  Weir Group PLC  23 July 2025

23 July 2025

Press Release

Weir retains CDP 'A' score for climate transparency

Reflects our ongoing commitment to making mining smart, efficient and
sustainable

 

The Weir Group PLC, a global leader in mining technology, is pleased to have
received confirmation from CDP that it has retained its place on the 'A-list'
for leadership in corporate transparency and performance on climate change in
2024. The A score reinforces that Weir is among companies that are leading the
way in cutting emissions, mitigating climate risks and contributing to the
low-carbon economy. It is testament to the strong focus and excellent work of
our teams around the world in executing our sustainability strategy.

 

Our role in supporting a low-carbon future

Recognising the vital role the mining industry plays in providing the critical
metals and minerals needed to power a low-carbon future, Weir continues to
drive innovation and collaboration. As a provider of innovative technologies
to help the world's mining industry scale up production and lower
environmental impact, we are evolving our climate strategy to support
decarbonisation of the value chains for producing those metals and minerals.

 

Evolving our climate strategy and transition plan

Our aim is to align our business to a net zero future that we help to enable
by:

·      Driving emissions within our operational control to net zero by
2050

·      Ensuring our business strategy aligns with supporting customers
to decarbonise their operations

·      Engaging our suppliers to decarbonise our upstream supply chain

 

Our scope 1-3 emissions are dominated by the energy used to power Weir's
technology on customers' mine sites and the source of that energy is outside
our control. As such, we have identified four key strategic priorities to
catalyse action to help deliver our transition plan and support
decarbonisation of key minerals value chains.

 

1.   Energy efficiency: we're innovating transformational energy-efficient
mining technology solution offerings across the mining value chain and
robustly quantifying avoided emissions. Our first avoided emissions study has
been showcased by the World Business Council for Sustainable Development
(WBCSD) as a case study
(https://mcas-proxyweb.mcas.ms/certificate-checker?login=false&originalUrl=https%3A%2F%2Fwww.wbcsd.org.mcas.ms%2Fwp-content%2Fuploads%2F2025%2F05%2FMeasuring-the-impact-of-carbon-avoiding-solutions-in-the-mining-sector-A-Case-Study.pdf%3FMcasTsid%3D20892&McasCSRF=81624259a4e63a7575192bb796e0d13e0bf4084b4503e320192db35f8b66a57e)
.

2.   Secure, affordable, clean energy supply for mining regions: we are
advocating for action to provide secure supplies of low-carbon energy at
competitive prices to key mining regions and communities.

3.   Water: we're developing tailored, end-to-end technology solutions that
use water wisely and help customers reduce water consumption, reduce pollution
risks and minimise waste.

4.   Reframing climate targets: our near-term 2030 carbon targets are SBTi
approved and we are making good progress on reducing emissions from our own
operations (scope 1&2). We are seeking reform of SBTi standards to
incentivise hard-to-abate sectors, such as metals and mining, to align with
net zero.

 

We will publish a full update of our evolved climate strategy and transition
plan by the end of 2025.

 

Commenting on Weir's 'A' score and our evolving approach to climate strategy,
Jon Stanton, CEO of Weir said:

 

"We are pleased to retain our place on the A-list which is validation of our
actions to make mining more sustainable, both inside Weir, and for our
customers. Beyond bringing innovative technology to the hard-to-abate mining
sector, we are also taking a broader role in driving transformational change
through innovation and collaboration across the value chain. We need to work
together if we are to meet the ever more urgent need for the critical metals
and minerals required to power a low-carbon future, and Weir is proud to be at
the heart of that transformation."

About The Weir Group PLC

Founded in 1871, The Weir Group PLC is one of the world's leading engineering
businesses with a purpose to make its mining and infrastructure customers'
operations more sustainable and efficient. Weir's highly engineered technology
and digital solutions enable critical resources to be produced using less
energy, water and waste while reducing customers' total cost of ownership. The
Group is ideally positioned to benefit from structural trends that support
long-term demand for its technology including the need for more essential
metals to support economic development and carbon transition. The Group has
c.12,000 employees operating in over 50 countries with a presence in every
major mining region of the world. Find out more at www.global.weir
(http://www.global.weir/) .

Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN)
and its American Depositary Receipts trade over-the-counter in the USA
(ticker: WEGRY).

 Enquiries:
 Investors: Philip Carlisle  +44 (0)141 308 3617
 Media: Sally Jones          +44 (0)141 308 3666
 CDR: Claire de Groot        +44 (0) 207 638 9571

                             weir@cdrconsultancy.com

 

 

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