DISCLOSURE 102-42: IDENTIFYING AND SELECTING STAKEHOLDERS
Stakeholders are defined as groups or individuals that are significantly affected by the organization’s activities, products, and/or services, or whose actions can reasonably be expected to affect the ability of the organization to successfully implement its strategies and achieve its objectives. Stakeholder engagement is an essential part of responsible business practice and is key to capturing opinions and insights from across our business.
In the context of the Sustainability materiality analysis, Sika reviewed the various stakeholder groups in 2018. A set of stakeholder groups was selected and prioritized / categorized according to the potential impact of Sika on the stakeholder and the stakeholder’s ability to impact Sika. The results were verified with different entities within Sika (CTO, control panel with Senior Management) and largely confirmed the findings from the previous analysis. Overall, the financial community and regulators assume greater importance due to an evolving business landscape and shareholder structure. In the same year, the most relevant stakeholder groups were consulted for their contribution to the materiality process. Material aspects and topics were reviewed to detect any changes of priority or need for re-evaluation.
DISCLOSURE 102-43: APPROACH TO STAKEHOLDER ENGAGEMENT
In the reporting year, as part of the periodic review of our sustainability priorities, Sika specifically engaged with selected principal internal and external stakeholder groups to review the most recent materiality analysis, conducted in 2015.The following groups were approached via an online survey to provide input in defining the future strategic framework and priorities: employees, customers, financial analysts, investors, Sika Management, suppliers, academia and sponsoring partners. The results were integrated in the materiality analysis (see chapter 6: Reporting Practice).
In the year under review, Sika actively engaged with numerous stakeholder groups, such as associations and sponsoring partners / communities via personal interactions, common projects or platforms, intensifying existing contacts and starting new cooperations. Please consult this People Page for more details about the various initiatives and activities which Sika is supporting and to which it is contributing.
The Sika Sustainability Advisory Board (SAB), established in 2016, is an important body that provides an independent expert view regarding the direction and implementation of Sika’s sustainability strategy and gives further input on sustainability issues to Sika’s management and the sustainability team. The SAB consists of 5 members with academic, consultancy and NGO backgrounds and was created to further reduce the company’s environmental footprint along the whole supply chain. In 2019, the SAB met twice, in June and in November. The focus was on the target areas “climate change” and “occupational health and safety” (June), and “process optimization” (November). In June, Prof. Dr. David N. Bresch, Professor for Weather and Climate Risks at ETH Zurich (Swiss Federal Institute of Technology) presented the new Swiss climate scenarios. In November, the SAB met at the Department of Materials at the ETH. Jan Vermant, Professor for Soft Materials, presented ideas about process intensification in industrial manufacturing, potentially applicable to Sika’s production processes. By the end of 2019, Sika also set up an internal Sustainability Committee to steer and coordinate initiatives aimed at achieving sustainability targets and monitoring proper implementation of the Sustainability Strategy throughout the Group.
Local Sika entities regularly engage with their relevant stakeholders on local and national level, though informally. The revised international management system standards ISO 14001:2015 (Environmental Management) and ISO 9001:2015 (Quality Management), to which all Sika companies are certified, have a strong focus on stakeholder engagement. A guidance document for stakeholder engagement supports local entities in implementing this requirement in their processes and activities. The framework has been gradually implemented with the renewal of the local ISO certificates in the last few years and will be further intensified in the years ahead.