Sika AG
"The company was reported as potentially providing building products and automotive services in Iran In 2018 CalPERS designated the company as under review. In 2019 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS has maintained the company in “monitor” status for 2020. CalPERS continues to monitor the company for possible changes in status relevant to the Act."
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In 2017, CalSTRS designated Sika AG as “Under Review” for potentially having ties to Iran. In 2018, CalSTRS removed Sika AG after reviewing the company’s internal controls and confirming it ceased business related to sanctioned industries.
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In 2017 the U.S. state of California listed Sika AG as a company under review for reportedly providing their building products and automotive services in Iran.
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To insure that Sika is supporting Sustainable and Ecological projects worldwide especially in Emerging Markets, we as Sika’s subsidiary in Iran with permission of Sika AG have sponsored myclimate’s 1st “YES” program in Iran, which was held in December 2016. (12/17/2016)
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