Potential offtaker

Sika AG

www.sika.com

Estimated electricity consumption

N/A

Countries of production presence

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SIKA AG-REG is a Swiss multinational company that operates in the concrete products sector. The company was founded in 1910 by Kaspar Winkler and has since grown to become a global leader in the production and distribution of specialty chemicals for construction and industrial applications. SIKA AG-REG is headquartered in Baar, Switzerland, and has operations in over 100 countries worldwide.

As a company operating in the concrete products sector, SIKA AG-REG is acutely aware of the need to address the issue of decarbonisation. The production of cement, which is a key ingredient in concrete, is responsible for a significant amount of carbon emissions globally. According to the International Energy Agency, the cement industry accounts for approximately 7% of global carbon dioxide emissions. SIKA AG-REG has taken steps to address this issue by developing innovative products and solutions that help reduce the carbon footprint of concrete production.

One of the ways in which SIKA AG-REG is working towards decarbonisation is by investing in renewable energy. The company has set a target to reduce its carbon emissions by 12% by 2023, and one of the key strategies to achieve this goal is to increase its use of renewable energy. In 2020, SIKA AG-REG signed a corporate power purchase agreement (PPA) with a wind farm in Spain. Under the terms of the agreement, SIKA AG-REG will purchase all of the electricity generated by the wind farm for a period of ten years. This will enable the company to reduce its carbon emissions by approximately 6,000 tonnes per year.

In addition to investing in renewable energy, SIKA AG-REG is also focused on reducing its overall energy consumption. The company has implemented a number of initiatives to improve energy efficiency across its operations, including the installation of energy-efficient lighting and the use of automated systems to control heating and cooling. These initiatives have helped the company to reduce its energy consumption by 2.5% per year.

SIKA AG-REG is also committed to promoting corporate energy management practices. The company has developed a comprehensive energy management system that enables it to monitor and manage its energy consumption across all of its operations. This system has been certified to the ISO 50001 standard, which is an internationally recognized standard for energy management.

In addition to its focus on decarbonisation and corporate energy management, SIKA AG-REG is also committed to promoting the use of renewable energy more broadly. The company has developed a range of products and solutions that enable its customers to reduce their carbon footprint and improve their energy efficiency. For example, SIKA AG-REG has developed a range of solar reflective coatings that can be applied to roofs and walls to reduce the amount of energy required to cool buildings. The company has also developed a range of insulation products that help to reduce heat loss and improve energy efficiency.

In conclusion, SIKA AG-REG is a Swiss multinational company that operates in the concrete products sector. The company is committed to addressing the issue of decarbonisation and has set a target to reduce its carbon emissions by 12% by 2023. To achieve this goal, the company is investing in renewable energy, improving energy efficiency across its operations, and promoting corporate energy management practices. SIKA AG-REG is also committed to promoting the use of renewable energy more broadly and has developed a range of products and solutions to help its customers reduce their carbon footprint and improve their energy efficiency.

✓ Declared Net Zero commitment