Weir Group plc

Company characteristics

Assessed report publication year
Financial year end 31/12/23
Sector Industrials
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 4,874,716,000
Net profit margin 8.67%
CEO tenure 7.2 years
Employee count 12,063
FRF draft assessment response No

Reward scrutiny

Living wage accredited No Living wage (calculation for operating regions) Yes
Living hours accredited No Tax reporting (GRI 207) No

Remuneration policies

Remuneration committee 100% independent Yes Remuneration committee discretion applied Yes
Remuneration committee discretion (direction) Down
Director from workforce No Trade union relations (disclosure) No
Worker consultation on top pay (disclosure) No 80%+ shareholder support on pay Yes

Reward outcomes

CEO total pay (GBP) 2,774,255 CEO total pay change 10.42%
CEO pay ratio (to median employee) 57:1 Percentage point increase in maximum variable remuneration
Pension award parity between CEO and wider workforce Yes Pay of the next highest exec compared to CEO
Gender pay gap (mean data) Weir Group: -7% Gender pay (women % in top quartile) 30.00%
Ethnicity pay gap (disclosure) No Total dividend (GBP) 997,424,00