Sika monitors its greenhouse gas (GHG) emissions as part of the environmental responsibility the company has for climate. Under Strategy 2023, Sika defined a strategic target for reducing scope 1 and 2 GHG emissions by 12% until 2023. With the new Strategy 2028, the company aims to reduce by -20% scope 1 and 2 GHG emissions in absolute terms, and scope 3 emissions in alignment with the net zero pledge. Moreover, the compensation scheme of Group Management and Sika Senior Managers is linked to the GHG emissions performance of the company (scope 1&2). The company will keep analyzing and reporting on GHG emissions with the aim to develop a net zero roadmap aligned with the objective of the Paris Agreement to limit the increase of global temperature to 1.5°C above pre-industrial levels.

Scope 3 Assessment and Net Zero Target

Sika is addressing climate change comprehensively in its strategic development. To do so, several projects and initiatives were kicked off in the last years as a basis for developing Sika net zero roadmap. All these ongoing projects and activities will allow Sika to define a comprehensive climate strategy with concrete long-term plans to decarbonize its business.

In 2022, Sika initiated a net zero project to develop a detailed roadmap with GHG emissions abatement targets. In the same year, Sika finalized a 2-year company-wide initiative to systematically identify and calculate emissions from its material scope 3 GHG categories in accordance with the requirements of the Greenhouse Gas Protocol (GHGP). This analysis will contribute to the definition of a climate strategy and carbon reduction pathway to reach net zero by 2050.

Moreover, following its official commitment in September 2022, Sika developed and submitted its emissions reduction targets in line with the latest SBTi criteria in October 2023. The validation process will take place in the first semester of 2024. Sika’s commitment focuses on two time horizons for both scope 1 and 2 as well as scope 3 with a near-term target in ten years, and a net zero target by 2050. All targets are defined with 2022 as a baseline.

Air Emissions

All local companies must comply with applicable laws and regulations related to air emissions parameters. Air emissions are monitored by Sika as part of its legal obligations. This topic is managed directly by local operation facilities in accordance with local regulations and internal guidelines. In 2022, the calculation methodology of air emissions indicators was reviewed and updated.

Some projects to reduce GHG emissions

Year

2021 2022 2023

Topic

CO2 Emissions Energy Sustainability

Location

Africa Americas Asia Europe