Our sustainability reporting

Sustainability is core to our business strategy and related reporting. This chapter of our Annual Report outlines our commitments, progress and performance in each area of our sustainability approach.

Additional environmental, social and governance (ESG) disclosures can be found in the appendix section, including our reporting in line with:

Task Force on Climate-related Financial Disclosures (TCFD).
EU Taxonomy.
Global Reporting Initiative (GRI) Standards.
Swiss law on reporting obligations on non-financial matters (Swiss Code of Obligations art. 964) and Swiss ordinance on climate disclosures.
United Nations Sustainable Development Goals.

We also follow the requirements of art. 964j-l of the Swiss Code of Obligations (Due Diligence and Transparency in relation to Minerals and Metals from Conflict-Affected Areas and Child Labour). We have concluded that SIG is exempt from the Swiss requirements on due diligence and reporting on minerals and metals (see also Reporting regulations and frameworks). Our reporting relating to due diligence on child labor is presented as a separate report in the appendix section.

We also track and report our progress through external assessments. We submit in-depth ESG disclosures specifically for investors and customers, including our annual submissions to CDP, EcoVadis, and the S&P Global Corporate Sustainability Assessment (used to inform the Dow Jones Sustainability Indices, DJSI).

Our reporting is continually evolving to align with best practices, regulations, and stakeholder expectations for enhanced disclosures.

For further information on our ESG disclosures and the reporting regulations and frameworks we follow, see Reporting regulations and frameworks and Our key policies.

Scope and assurance

Our sustainability reporting covers the 2024 calendar year. Unless otherwise stated, data covers SIG Group AG and its subsidiaries (the same scope of consolidation as in the Group’s consolidated financial statements).

We use key performance indicators (KPIs) to measure our performance and progress towards our sustainability targets. 2024 sustainability information marked with the symbol icon check blue is externally assured with limited assurance by PricewaterhouseCoopers AG. See assurance report. For comparative years’ data, see annual reports from prior years for details on assured data and scope of assurance.

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Reporting regulations and frameworks

We align our sustainability reporting with (or are preparing to follow or align with) recognized external regulations or frameworks, covering a broad range of sustainability and ESG topics including:

CDP: We disclose detailed information for investors and customers on our management and performance on climate, forests and water through CDP.
Dow Jones Sustainability Indices (DJSI): In 2024, we responded to the S&P Global Corporate Sustainability Assessment survey for an investor audience for the fourth time.
EcoVadis: We submit extensive information to support our annual assessment by EcoVadis for customers.
EU Corporate Sustainability Reporting Directive (CSRD): We are evaluating the requirements of the CSRD and respective European Sustainability Reporting Standards (ESRS) and working to integrate necessary elements into our corporate governance and future reporting in order to fully report in line with the CSRD for the financial year 2025. We have performed a preliminary double materiality assessment guided under CSRD in 2024 – see Our material topics.
EU Taxonomy: In 2022, we voluntarily conducted a first eligibility analysis of our aseptic carton business activities following the Taxonomy framework. In 2023, we expanded the eligibility analysis to include our bag-in-box, spouted pouch and chilled carton businesses, which were acquired mid-way through 2022. We will fully report in line with the EU Taxonomy for the financial year 2025. See our EU Taxonomy report included as an appendix to the Annual Report.
Global Reporting Initiative (GRI): We report annually in accordance with the GRI Standards. Our GRI reporting for the 2024 reporting year is integrated in this Annual Report. See GRI content index.
Greenhouse Gas (GHG) Protocol: Our greenhouse gas emissions are reported in accordance with the GHG Protocol (see our GHG emissions basis for reporting). We are also reviewing guidance from the new Greenhouse Gas Protocol on Carbon Removals and Land Sector (currently in pilot phase) as a basis to establish a FLAG (forest land and agriculture) target once robust data is available in line with the Science Based Targets initiative’s requirements.
Human rights due diligence and transparency: As part of our workstream on human rights, we regularly conduct evaluations of due diligence activities, including related reporting required to meet recent regulations on this topic, such as the Swiss Ordinance on Due Diligence and Transparency in relation to Minerals and Metals from Conflict-Affected Areas and Child Labour (DDTrO) (see below) and the German Supply Chain Due Diligence Law (Lieferkettensorgfaltspflichtengesetz).
Science Based Targets Network: SIG is a member of the Science Based Targets Network Corporate Engagement Program. We follow the requirements and report on progress see Forest+ Science Based Targets Network (SBTN) approach.
Swiss Code of Obligations art. 964j-l (Due Diligence and Transparency in relation to Minerals and Metals from Conflict-Affected Areas and Child Labour): Based on an assessment of our obligations regarding minerals and metals for 2024, we have concluded that SIG falls below the quantitative thresholds and therefore is exempt from the Swiss requirements on due diligence and reporting on minerals and metals from conflict-affected areas. The outcome of our assessment of our due diligence and reporting obligations regarding child labor is presented separately as an appendix in this report.
Swiss law on reporting obligations on non-financial matters: We report in line with the requirements of the Swiss law on reporting obligations on non-financial matters (Swiss Code of Obligations art. 964b). See our integrated report on non-financial matters (in the form of an index, with references to relevant sections in the Annual Report) included as an appendix to the Annual Report.
Swiss Ordinance on Climate Reporting: We report in line with the new Swiss Ordinance on Climate Reporting, which is based on TCFD (see below), and is applicable for the Group from this 2024 financial year. See our integrated report on non-financial matters (in the form of an index, with references to relevant sections in the Annual Report) included as an appendix to the Annual Report.
Task Force on Climate-related Financial Disclosures (TCFD): We report in line with the TCFD recommendations, including scenario analysis, to address climate-related risks and opportunities. See our TCFD report.
Taskforce on Nature-related Financial Disclosures (TNFD): Building on our established efforts to source renewable raw materials from sustainably managed forests and related to our broader commitments to prevent biodiversity loss and reduce our water footprint, we are using the TNFD framework to inform our assessment of risks and opportunities for our business and working towards TNFD reporting in future. See Managing nature-related risks and opportunities.
United Nations Global Compact: As a signatory to the United Nations Global Compact, we submit an annual Communication on Progress.
United Nations Sustainable Development Goals (SDGs): We describe how we are contributing to the SDGs in this report. See Contributing to the United Nations Sustainable Development Goals.

Tell us what you think

We welcome stakeholder feedback on our sustainability approach, performance, and reporting.

Please contact Ingrid McMahon, Head of Investor Relations:

ingrid.mcmahon@sig.biz