Spirax-Sarco Engineering plc
Company characteristics
| Assessed report publication year | |
|---|---|
| Financial year end | 31/12/22 |
| Sector | Industrials |
| Head office | United Kingdom |
| Primary listing | London Stock Exchange |
| GBP market cap | 7,831,327,495 |
| Net profit margin | 13.97% |
| CEO tenure | 9 years |
| Employee count | 9,369 |
| FRF draft assessment response |  |
Reward scrutiny
| Living wage accredited |  |
Living wage (calculation for operating regions) | |
|---|---|---|---|
| Living hours accredited | |
Tax reporting (GRI 207) | |
Remuneration policies
| Remuneration committee 100% independent | |
Remuneration committee discretion applied | |
|---|---|---|---|
| Director from workforce | |
Trade union relations (disclosure) | |
| Worker consultation on top pay (disclosure) | |
80%+ shareholder support on pay | |
Reward outcomes
| CEO total pay (GBP) | 3,071,121 | CEO total pay change | -7.64% |
|---|---|---|---|
| CEO pay ratio (to median employee) | 65:1 | Percentage point increase in maximum variable remuneration | — |
| Pension award parity between CEO and wider workforce | |
Pay of the next highest exec compared to CEO | 69.57% |
| Gender pay gap (mean data) | Group: 11.9% Spirax-Sarco Ltd: 16.3% Watson-Marlow Fluid Technology Solutions: 6.8% Aflex Hose Ltd: 4.6% Watson-Marlow Ltd: 8% | Gender pay (women % in top quartile) | 23% |
| Ethnicity pay gap (disclosure) | |
Total dividend (GBP) | 112,000,000 |