“Sika takes a long-term perspective on the development of the business and acts with responsibility towards customers, employees and other stakeholders. We are proud of our sustainability achievements and the fact that we have delivered more value to our stakeholders with less impact on the environment.”
Jan Jenisch, CEO
The world and society in general are facing challenges which businesses also need to actively address. Climate change, population growth, energy costs, raw materials and water shortages are some of the global megatrends and challenges that are set to change society in the years and decades ahead.
Sika`s sustainability strategy: “More value – less impact”
The Sika sustainability strategy, whose avowed aim is “More Value – Less Impact”, focuses on six target indicators with the largest potential effect. They cover the economic, environmental and social dimensions of Sika’s business.
In 2014, Sika began worldwide implementation of the sustainability strategy developed the year before. The G4 Guidelines of the Global Reporting Initiative (GRI G4) have provided the general framework for sustainability reporting since 2013. Sika measured its performance against the new sustainability targets for the first time in 2014 and has got off to a successful start, with the company exceeding most of its targets for 2014.
Sika not only added value for its shareholders with an excellent operating profit (EBIT) of 11.4% of net sales, it also enhanced utility to other key stakeholders such as customers and local communities.
New evaluation processes are implemented
A new sustainability evaluation process was introduced to assess all sustainability aspects of new product developments over their entire life cycle. From 2015 on, it will become a mandatory component of the innovation process at local level.
Local sustainable roadmaps
Major Sika organizations worldwide developed local product sustainability roadmaps that are both tailored to local demand and in line with the company's global direction. All local key projects have been implemented this year and further projects will follow next year.
Local community engagement
Sika further stepped up its social responsibility efforts in 2014 to support a total of 67 projects, which translates into a year-on-year increase of 29%. The company sponsored social, ecological, scientific, sports and cultural projects on all continents. They cover a wide range of needs, from a vocational training center in Indonesia to helping to expand a childcare organization.
LESS IMPACT ON THE ENVIRONMENT
Sika lowered energy consumption per ton and year by an impressive 12%, beating the target of 3% by a very wide margin.
Sika lowered water consumption per ton and year by an impressive 10%, exceeding the target of 3% by a substantial amount. Efforts in the area of waste reduction resulted in a modest 1% improvement, which fell short of target. Material efficiency will be a priority in 2015/2016. Sika’s Shanghai plant, for instance, has achieved significant material and cost savings by granulating the polyester scrim and felt backing used in roofing membranes, and feeding the materials back into the production process.
It is of paramount importance that Sika employees leave their workplaces healthy. The number of occupational accidents leading to lost work time of more than one day fell by 8% year-on-year.
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