Sika keeps improving performance in the S&P ESG Evaluation
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.