SHAPING FUTURE PERFORMANCE
SUSTAINABILITY REPORT 2025
CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION
STRATEGIC REPORT
SUSTAINABILITY REPORT
ENABLING ENVIRONMENTAL & SOCIETAL BENEFITSCONTENTS
Decarbonisation: our roadmap
Sustainability: embedded in our purpose
Our achievements and accreditations in FY 2025
Task Force on Climate-related Financial Disclosures ('TCFD')
12 Our sustainability vision and goals
14 People (social responsibility)
17 Planet (resource efficiency)
Safety, health and environment
Products (sustainable solutions)
Our Code of Conduct & Ethics - doing the right thing
Non-financial and sustainability
information statement
Sustainability is embedded in our purpose: bringing transformational and sustainable solutions that address world material challenges every day.
Our Sustainability programme is driven through our People, Planet & Products pillars. We support our employees, nature and local communities where we operate; we focus on minimising our use of resources; and we demonstrate to our customers how our products are enabling environmental and societal benefits (for example supporting CO2reduction in Aerospace and Automotive, or clinical benefits in the Medical device industry).
PEOPLESOCIAL RESPONSIBILITY
PLANETRESOURCE EFFICIENCY
PRODUCTSSUSTAINABLE SOLUTIONS
See pages 52-54
See pages 55-62
See page 64
Victrex plc - Sustainability Report 2025
CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION
STRATEGIC REPORT
DECARBONISATION: OUR ROADMAP
Victrex is aligned to the Science Based Targets initiative ('SBTi'). We are
SBTi validated for Net Zero emissions targets across Scope 1, 2, and 3 by 2050, with an interim milestone by 2032, benchmarked against our FY 2022 baseline. Electrification of our boilers is the route identified, but we retain optionality for delivery, based on affordability, as well as being reliant on a decarbonised electricity grid (in the UK) and available technology.
PROGRESS THIS YEAR
13%Reduction in Scope 1 & 2 (market-based) emission intensity compared to FY 2024
SBTI INTERIM TARGETS BY 2032
50.4%reduction in Scope 1 & 2 emissions
30%reduction in Scope 3 emissions
FUTURE GOALS
Net Zero 2050Across Scope 1, 2 & 3
DECARBONISATION OPTIONS (SCOPE 1 & MARKET-BASED SCOPE 2) & POTENTIAL ROADMAP
30,000
25,000
20,000
Impact of increased UK and China production
Near-term target 2032 (10 years from base year)
Potential to defer start-up of electric boilers
Potential roadmap (based on electrification of gas boilers)
Long-term target (2050)
tCO2e
15,000
10,000
5,000
Electrification
of two boilers completed
(indicative)
Other improvement programmes (UK & China)
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050
Actual Scope 1 tCO2e
Projected Scope 1 (growth) tCO2e Actual Scope 2 tCO2e
Projected Scope 2 (growth) tCO2e
Scope 1 & 2 - SBTi 1.5ºC near term then Net Zero tCO2e Initial projection Scope 1 and 2 (growth)
Sustainability report Pages 38 to 67
Sustainability Report 2025 - Victrex plc 01
CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION
STRATEGIC REPORT
SUSTAINABILITY REPORT CONTINUED
SUSTAINABILITY: EMBEDDED IN OUR PURPOSE
OVERVIEW
Victrex's sustainability credentials remain strong and directly align to our purpose of 'bringing transformational & sustainable solutions which address world material challenges every day'.
Our Sustainability framework is based around our People, Planet & Products pillars, which are aligned to the UN Sustainable Development Goals 2030. We have a number of external targets across these pillars, as set out on pages 50 and 51, with continuing progress. Overall, we have a balanced approach to sustainability, ensuring that we can make a difference whilst recognising commercial needs.
PEOPLE
In our People pillar, our safety culture remains our highest priority, with a Zero Accidents, Zero Incidents goal, to make us 'Safer, Better, Together'. We were pleased to achieve 20 years without a lost time accident at our Seal Sands manufacturing facility
in the UK, as well as securing the Process Safety Leadership award from the Chemical Industries Association. Victrex continues to support the next generation of talent through our Science, Technology, Engineering & Maths ('STEM') apprenticeship and community activities. STEM engagement involves our STEM ambassadors at schools or colleges, presenting on careers in these industries
and the vast opportunities they present. This year we measured our STEM activities and their translation to those who join
us on apprenticeships, with over 50% of apprentices having engaged with Victrex at a careers fair or STEM event.
In the community, our employee volunteering activity continues to be strong, with 2,216 hours supported in FY 2025, lower than the prior year due to business priorities, but well above annual targets. Biodiversity activities - supporting nature where we operate - have further developed, with two partnerships in place within the UK. Just like our STEM programme, which is international, we have the opportunity to support Biodiversity in other regio
In diversity & inclusion, we continue to make good progress, with various activities during the year and progress to meet our 40% of females in leadership roles target by 2030 (achieved in FY 2025), as measured by the FTSE Women Leaders methodology.
PLANET
Our Planet agenda is focused on minimising resources and decarbonising in a way that is based on affordability, the availability
of technology and reliance on appropriate policies, for example to support a decarbonised electricity grid. Victrex is SBTi validated with interim (2032) and long-term (2050) targets. We continue to retain optionality for the best decarbonisation route, as well as the timing, which is shown indicatively on page 39. This reflects that major investment in decarbonisation will commence later than our previous assumptions, reflecting reliance on electrical grid capacity, technology and balancing affordability.
During FY 2025 we further progressed our efforts on circularity and how we can
improve recycling rates in the supply chain, including facilitating waste polymer reuse. In our use of resources, our greenhouse gas ('GHG') intensity, based on global Scope 1 & 2 market-based metrics, improved this year, with a 13% improvement in intensity metrics as we drove efficiencies in our assets. We also saw water intensity improve by 10% despite higher absolute water volumes as production increased.
For the longer term, Victrex continues to assess sustainable chemistry, for example through alternative process routes. Sustainability metrics will be adverse over the short to medium term - particularly as our China facility ramps
up. Our Continuous Improvement ('CI') programme continues to deliver benefits, with over 700 tonnes of CO2saved this year and the start of improving water intensity.
On transition planning to support Net Zero, we also continue to work with industry and the Chemical Industries Association ('CIA') to assess best practice and our future disclosures in this regard.
PRODUCTS
Across our Products pillar, our sustainable product revenues were 53% (FY 2024: 56%), offset by a weaker Medical performance.
Sustainable product revenues include not only Aerospace and Automotive - supporting the CO2reduction trend - but some applications in Electronics for energy efficiency and of course Medical, where we can demonstrate improved clinical outcomes. This includes over 15 million implanted devices, to date, using PEEK-OPTIMA™ as a replacement
for metal.
Victrex continues to enjoy a favourable (lower) climate change impact based on Life Cycle Analysis ('LCA') for our main product grade compared to the industry average, as shown on page 64. We have now completed LCA assessments for over 80% of our product portfolio, measured by sales volume. Our target is to complete LCAs for products covering 80% of our volumes and revenues by FY 2026. These LCA assessments are important for our customers in being able to leverage their own sustainability credentials in key applications.
GOVERNANCE & ACCREDITATIONS
The Board's Corporate Responsibility Committee ('CRC') continues to govern our Sustainability programme, with further detail on the Committee's work shown
on pages 93 and 94.
Victrex also retains positive accreditations for the progress we are making. These are shown on page 41 and include an A rating from MSCI and a B rating within the Carbon Disclosure Project ('CDP'). Victrex was also pleased to be recognised by the Chemical Industries Association as Company of the Year 2025, building on our The Sunday Times Best Places to Work 2025 accreditation.
Our employees continue to play a key part in supporting our Sustainability programme, which is a testament to the passion across our organisation for our customers, for
our products and for society wherever we operate.
Jakob Sigurdsson
CEO
2 December 2025
Sustainability Report 2025 - Victrex plc 02
STRATEGIC REPORT
CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION
OUR ACHIEVEMENTS AND ACCREDITATIONS IN FY 2025FTSE RUSSELL
Part of FTSE Russell Green Revenues Index -over 30% of Victrex revenues defined as coming from sustainable products.
ECOVADIS
EcoVadis is one of the leading organisations assessing the sustainability strategies of global companies. In FY 2025, we maintained our overall score, but with thresholds tightening, we scored Bronze (we target a return to Silver
and Gold).
MSCI
MSCI is one of the leading organisations ranking listed companies for their sustainability performance. We maintained our A rating in 2025.
SEDEX MEMBER
Committed to an ethical and sustainable supply chain.
CARBON DISCLOSURE PROJECT ('CDP')
Victrex has maintained a strong scoring for Climate Change of B1, and a C in Water Security, reflecting early reporting.
1 Victrex plc received a B (the management band). This is the same as the Europe regional average of B, and the Chemicals sector average of B.
APPLE CLEAN ENERGY SUPPLIER PROGRAMME
1
THE SUNDAY TIMES BEST PLACES TO WORK
Victrex was recognised in The Sunday Times Best Places
to Work list 2025. This was our second year of recognition.
Accreditation by Apple on its Clean Energy Supplier programme; 100% renewable electricity sourced globally.
CHEMICAL INDUSTRIES ASSOCIATION
Victrex was awarded Company of the Year by the UK Chemical Industries Association in recognition of our approach to safety, innovation, local communities and our sustainable products.
COMMUNITY FOCUS
Victrex has long-standing partnerships with the Science Industry Partnership ('SIP'), supporting engineers and scientists of tomorrow; STEM Learning, supporting careers in Science, Technology, Engineering & Maths; and Business in the Community, where we support a range of local activities
in the UK. Social value created was close to £1m in FY 2025 alone, as measured by STEM.org.
Sustainability Report 2025 - Vicictrex plc 03
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Victrex plc published this content on December 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on December 23, 2025 at 11:54 UTC.
