Siegwerk achieves CDP B score for Climate Change Performance 2023

Siegwerk’s commitment to minimize environmental impact has received recognition from Carbon Disclosure Projects (CDP).

Siegwerk has received a CDP scoring B for its actions and contributions to minimize impact on climate change.

This was the first year when the company voluntarily participated in disclosing its climate-related strategy and initiatives through CDP, an internationally recognized climate and environmental disclosure and scoring platforms.

The CDP scoring scale ranges from A to D, where companies with an A score are among the most transparent when it comes to disclosure and performance of their climate actions. Siegwerk's CDP B score reflects its commitment to sustainability and climate action, as well as its efforts to increase industry transparency.

Out of a total of 17 evaluated categories, some noteworthy categories for Seigwerk were:

  • Emission reduction initiatives and low carbon products:
  1. Siegwerk score: A-
  2. Activity peer average: C
  • Risk and opportunity management
  1. Siegwerk score: A
  2. Activity peer average: B

According to the company, its risk and opportunity management score is attributed to effective oversight on climate transition risks, incorporation of climate considerations into our business models, and engagement with stakeholders on climate reduction opportunities. The scoring recognizes Siegwerk’s extensive and ongoing efforts to reduce emissions, as well as stewardship in developing and promoting circular and low climate impact products. On top of that it is a validation of its decision to adopt climate change and sustainability as a value driver for its business and growth strategy.

The CDP score is a boost for Siegwerk to continue its efforts and focus to realize the seven ambitious targets set by its sustainability management program, HorizonNOW for 2025, including carbon neutrality Scope 1 and 2 emissions and achieving 75 percent of sales from products and services enabling circular packaging. HorizonNOW, with its clear targets, is aligned with the science-based target initiative (SBTi) and United Nations Sustainable Development Goals (UN SDG).