The strong performance of Sika is founded on the company’s entrepreneurial philosophy and the Sika Spirit, which is a synonym for the set of five values and principles that make up the DNA and culture of the company: Customer First, Courage for Innovation, Sustainability and Integrity, Empowerment and Respect, and Manage for Results.
The Sika’s Strategy 2023 was developed and launched in 2019. It encompasses both financial and non-financial targets. The new integrated Strategy 2028 will be presented in October 2023.
"Sustainability drives innovation and permeates our entire organization. It is both a mindset guiding us to be more respectful and resourceful in all our endeavors and a prerequisite for us to move towards the world of tomorrow. We aim to create added value for all stakeholders - with our sustainable solutions, close collaboration along the entire value chain, active community engagement, and our highly motivated and dedicated employees." Patricia Heidtman, Chief Innovation and Sustainability Officer
Materiality Matrix - Foundation for Strategy Development
Between 2021-2022, Sika conducted a new materiality analysis, focusing on potential ESGE - environmental, social, governance and economically-material topics, to capture the sustainability impact, dependencies, risks, and opportunities of Sika’s operations, products, and services, along the entire value chain. The analysis resulted in the selection of 29 out of over 100 potential material topics and was approved by the Board of Directors in May 2022.
Sika is planning to conduct a new materiality assessment in 2024, to comply with the requirements of the European Commission’s proposal for the Corporate Sustainability Reporting Directive (CSRD), which requires companies to elaborate on a double materiality perspective.
