Net Zero Pledge
To face the global challenge, Sika is addressing climate change comprehensively in its strategic development with the commitment to become a net zero company.
Since 2019, Sika has defined a strategic target for reducing scope 1 and 2 CO2eq emissions by 12% until 2023. The compensation scheme of Top Management and Sika Senior Managers is linked to the CO2 performance of the company (scope 1 and 2).
In October 2022, Sika finalized a two-year company-wide initiative to systematically identify and calculate emissions from its material scope 3 GHG categories. The overall scope 1, 2 and 3 emissions continuous assessment and reporting will contribute to the definition of Sika’s climate strategy and carbon reduction pathway to reach net zero by 2050.
Sika supports the Science Based Target initiative (SBTi) and joined the growing group of leading corporations that are setting emissions reduction targets in line with the objective of the Paris Agreement. By doing so, Sika recognizes the crucial role companies can play in minimizing the risk climate change poses to the future of our planet.
Task Force for Climate Related Financial Disclosure (TCFD)
Sika recognizes that climate change is having a significant impact on the world, and it therefore needs to be addressed in the risk management process and considered in the strategic planning. Evaluating how climate-related risks and opportunities affect Sika and developing appropriate response measures as recommended by the Task Force on Climate-related Financial Disclosures (TCFD) helps the company ensure long-term sustainable performance and business continuity.