We are committed to improving the social and economic conditions of the communities in which we operate. We seek to have a positive impact within our local communities through making charitable donations to worthwhile causes and engaging with local communities in a variety of ways, including contributing time, resources and expertise, where there is a local need.
The Spirax Sarco Group Charitable Trust (Trust) makes donations in accordance with the Group Charitable Donations Policy. Our primary focus is education (particularly in the sciences and engineering), but we seek to identify and respond to local needs and will also make donations and organise activities in support of the underprivileged young, disadvantaged, disabled and elderly, and contribute to natural disaster relief.
During 2017 the Charitable Trust made 56 donations ranging in size from £150 to £20,000 with a total value of £231,150 (2016: £180,150). For example, we donated £20,000 to the National Star College in Cheltenham, which provides specialist further education and training to young people aged 16 to 25 with complex physical, educational and emotional needs, taking total donations from the Trust to the College to £159,000 in the last 10 years. We also donated £20,000 each to the American Red Cross’ Hurricane Irma and Hurricane Harvey relief funds.
A further £150,000 was donated to charitable causes by our operating companies during 2017 (2016: £87,000). In addition to financial donations, our operating companies donated the equivalent of £33,000 in in-kind donations such as products and office equipment, incurred management costs and contributed over 1,900 hours of working time to community engagement activities. Using an average hourly salary to estimate the cost to the company of employee volunteering, we estimate that the total value of our operating companies’ community engagement activities in 2017 was in excess of £230,000.
In addition, our employees donated £96,000 of their own money and 344 hours of their own time in workplace organised fundraising and community engagement activities.
Community engagement examples
Spirax Sarco Singapore has partnered with the Myanmar Engineering Society to provide steam system training to engineering students in Yangon, Myanmar. The month long course, which includes three weeks of self-study and a week of practical demonstrations and factory visits, is hosted by the Myanmar Engineering Society, with Spirax Sarco providing all training materials, stationary, time and expertise free of charge.
Spirax Sarco UK sponsors the annual Cheltenham Science Festival. The company designs a stand, which is manned by our employees, through which it engages local people and, in particular, children in engineering and the science of steam and its modern applications.
We also host STEMnet (Science, Technology, Engineering and Mathematics Network) events at our Cheltenham manufacturing and R&D site.
In addition to a focus on education, we recognise and respond to local needs.
During 2015, Spirax Sarco Malaysia built a home for an underprivileged Orang Asli family, Omis, Manah and their three children, within Peninsula Malaysia. With a safe home, Omis, a rubber tapper, can now focus on providing his family with food and ensure that his children have the necessary equipment for school.
In Spirax Sarco South Korea, our employees have a club called “Help” which reaches out to the disabled and less fortunate in the local community through giving time and money to help those in need. Activities include visiting and helping at a centre for the disabled; staffing a soup kitchen; and twice a year delivering coal, bread and rice to the elderly. The Club is financed by donations from the company as well as from money raised by collections and fundraising events organised by the Club members.
Throughout the Group, our employees are working to positively affect the communities in which we operate.