05/25/2023
For the third year in a row, Sika achieved a strong sustainability rating in the S&P Global Rating ESG Evaluation, increasing its score from 74 to 75/100. This evaluation reflects S&P Global Ratings' view that Sika embeds sustainability into its processes and products, delivering environmental benefits to customers who are often in hard-to-abate sectors, such as concrete and roofing.
The report reflects that in 2022 Sika committed to set Science Based Targets initiative (SBTi)-validated targets, covering scope 1, 2, and 3 emissions, which is indicative of the company’s commitment to reduce its carbon footprint. Moreover, the company's culture fosters an innovative ecosystem where flat hierarchical structures and cross-functional teams are encouraged to develop and execute new concepts.
Sika scored 75 in the S&P Global Rating ESG Evaluation
S&P Global Ratings views favorably Sika’s customer focus which helps to anticipate and adapt to a variety of plausible long-term disruptions, making its strategy resilient. Much of the company’s continued success will hinge on its ability to adapt to changing environmental and social standards.
Sika embeds sustainability throughout the organization via the training and development of its workforce, research and development (R&D) decisions that focus on new and sustainable products and partnering with technical universities. The company will continue to develop new products that offer enhanced functionality and sustainable performance.
The S&P Global Ratings ESG Evaluation is provided by Standard & Poor's Financial Service.
ESG Rating
Sika gives sustainability a central position in its strategy. The team of S&P Global Rating therefore is convinced that Sika will continue to develop new products that offer enhanced functionality and sustainable performance.
According to the report, Sika's customer focus helps to anticipate and adapt to a variety of long-term plausible disruptions, rendering the strategic approach resilient.