Melrose Industries PLC 2022 AR2
The report highlights Melrose Industries PLC's strong financial and operational performance in 2022, with adjusted revenue reaching £8.2 billion and adjusted operating profit increasing to £480 million. The company made significant progress on its proposed demerger of GKN Automotive, GKN Powder Metallurgy, and GKN Hydrogen into Dowlais Group plc, expected to complete in April 2023. Melrose invested approximately £340 million in climate-related research and development over the past three years, supporting its transition to a net zero economy by 2050. Additionally, the company successfully addressed pension funding deficits, bringing the GKN UK defined benefit pension schemes into a materially fully funded position.
Company: Melrose Industries PLC
Sector: Manufacturing
Country: United Kingdom
Year: 2022
Type: AR2
Pages: 124
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Melrose Industries PLC
Annual Report
The report highlights Melrose Industries PLC's strong financial and operational performance in 2022, with adjusted revenue reaching £8.2 billion and adjusted operating profit increasing to £480 million. The company made significant progress on its proposed demerger of GKN Automotive, GKN Powder Metallurgy, and GKN Hydrogen into Dowlais Group plc, expected to complete in April 2023. Melrose invested approximately £340 million in climate-related research and development over the past three years, supporting its transition to a net zero economy by 2050. Additionally, the company successfully addressed pension funding deficits, bringing the GKN UK defined benefit pension schemes into a materially fully funded position.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Net Zero Target
Employees