Sustainability is one of our core values and it is central to the benefit we create for our stakeholders. We are committed to ensuring the health and safety of our employees, customers and community, and to protecting the environment.
Sustainability highlights
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We are recognized as a sustainability leader
Dow Jones Best-In-Class Europe Index
Siegfried has been a member of the Dow Jones Best-In-Class Europe Index (formerly Dow Jones Sustainability Index Europe) for four years. It is a widely recognized standard for measuring corporate environmental, social, and governance (ESG) progress across industries.
Morgan Stanley Capital International ESG Rating
In 2022, we were promoted to “leader” status (‘AA’) in the MSCI index. The MSCI ESG Index grants institutional investors effective tools to integrate ESG considerations into their investment process and portfolios. The ratings measure a company’s resilience in relation to long term, industry-specific ESG criteria and compare it against its competitors.
Carbon Disclosure Project
As Siegfried is new to the CDP index, we received the Rating D for Disclosure, a typical rating for CDP newcomers. CDP is a widely recognized non-profit organization that assesses and scores companies on their climate change strategies, with higher scores indicating a greater corporate commitment to tackling climate change risks. This independent information helps investors evaluate how well companies are managing climate change-related risks and opportunities.
EcoVadis Rating
For the last few years Siegfried has undertaken a yearly Corporate Social Responsibility (CSR) assessment across all sites using the recognized EcoVadis label to show our commitment and work in the field of sustainability. This rating evaluates 21 sustainability criteria, divided into four categories: environment, labor, human rights, ethics and sustainable procurement. The methodology applied by EcoVadis for the CSR rating is based on international standards issued, e.g. by Global Reporting Initiative (GRI), United Nations Global Impact and the International Labour Organization. Our most recent results reflect “GOLD” for 4 Siegfried sites and “SILVER” for the other seven sites.
Science-Based Target Initiative
In 2022, Siegfried joined the Science-based Target Initiative (SBTi) and automatically earned the status “Committed”, a mandatory step for the first two years in the index while our climate targets are validated. SBTi provides companies with a clearly defined path to reduce emissions in line with the Paris Agreement goals. More than 4,000 businesses around the world are already working with SBTi. By joining, businesses demonstrate that they are committed to reducing their environmental impact and achieving climate neutrality. Being part of the SBTi also ensures companies have access to guidance, tools and support to meet their climate goals.
Sustainalytics/ Morningstar
In 2022, Siegfried was included on the Sustainalytics index and rated with low risk. This certification demonstrates our low environmental and social impacts, as well as our robust corporate governance practices. Sustainalytics and Morningstar have partnered to provide comprehensive research and assessment of ESG-related investments. The two companies combine Sustainalytics’ expertise in ESG analysis with Morningstar’s financial data analysis, offering investors an integrated view of potential ethical considerations associated with each investment.
