Siegfried Holding AG

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Siegfried has concluded a significant proportion of sustainable power purchase agreements (PPAs) and currently achieves ~87% renewable electricity in 2024 (up from 70.7% in 2023). PPAs are backed by site-specific Guarantee of Origin (GO) certificates or Renewable Energy Certificates (REC). Solar panel installations went online in 2024 in Malta and Evionnaz. As part of its SBTi commitment, Siegfried is aiming at sourcing 100% of its electricity from certified renewable sources within the next 2-3 years.

Siegfried mentions considering 'temporary carbon reduction measures (e.g. carbon capture & storage)' alongside primary focus on energy reduction, renewable electricity, and lower-emission energy sources. No specific durable removals (DAC, BECCS, biochar) commitments or volumes disclosed. Removals are not central to the strategy; focus is on absolute emissions reductions per SBTi pathway.

• Renewable electricity procurement via PPAs

  Key focus of carbon reduction. Achieved 87% renewable electricity in 2024 through PPAs backed by GO/REC certificates. Targeting 100% certified renewable sourcing within 2-3 years. This is the dominant lever for Scope 2 reduction (Scope 2 down 76% since 2020).

• Fuel switching away from natural gas and heavy fuels

  Working to switch gradually to lower-emission energy sources. In 2022-2023 reduced natural gas dependency (-15.7%) but partly replaced with more carbon-intense LPG and light heating oil. In 2024 returned to more natural gas (+11.2% per Mio CHF) as supply pressure eased. Net zero technology roadmap to be developed in 2025.

• Energy efficiency via global energy task force and OPEX program

  Despite business growth, absolute energy use went down by 52.1 TJ in 2024. Operational excellence (OPEX) program coordinated by a global energy task force drives energy savings. Two German sites (Hameln, Minden) ISO 50001 certified. Hameln site close to becoming first carbon-neutral site (Scope 1+2) in network.

• Scope 3.1 supplier engagement on purchased goods carbon footprint

  Scope 3 is ~87% of total footprint; Scope 3.1 (purchased materials and services) is the dominant category. SBTi commitment: bring 85% of Scope 3.1 emissions into the SBTi framework by 2029 through direct supplier engagement. Coupled with green chemistry process optimization to reduce solvent use and alternative sourcing of lower-carbon raw materials.

• Green chemistry and process redesign for customer products

  Global R&D team developed a green chemistry dashboard assessing atom efficiency, reagents/solvent acceptability, predicted waste profile. Example: 17-step generic API process optimized via telescoping and phase transfer catalysis yielded 45% waste reduction, 50% less solvents/raw materials, 18% yield increase. Engages customers (CDMO context) to validate process changes within GMP constraints.