DISCLOSURE 102-29: IDENTIFYING AND MANAGING ECONOMIC, ENVIRONMENTAL, AND SOCIAL IMPACTS
Identification, assessment and management of climate-related risks are integrated into multi-disciplinary company-wide risk identification, assessment, and management processes.
Information on specific climate-related risks is collected on regional level and consolidated on corporate level aligned with the overall strategy. Sika’s global management set-up drives and steers effective risk management. Unexpected environmental, climate-related disasters and economy fluctuation might have an impact on global and local markets. The governance structure fosters the build-up of expertise to catch and evaluate the impact of unexpected risks.
Economic, environmental, and social factors are integrated in due diligence processes in an M&A situation. M&A transactions are approved on board level. The Board has overall responsibility for identification and monitoring of ESG impacts, risks, and opportunities. The Chief Financial Officer (CFO) is responsible for risk management and M&A on highest executive level and gives regular updates to Board.