Performance
Financial solidity and long-term profitability ensure that Sika remains a reliable and value-adding partne. They represent important cornerstones to maintain global technology leadership and market penetration, from design and construction, to refurbishment. By evaluating economic impacts, risks and opportunities deriving from investments in assets and innovation, Sika strives to focus on opportunities that deliver optimized value for its customers in the form of durable solutions, and create returns that benefit shareholders.
Economic health enables Sika to share value created with its various stakeholders, be a reliable employer, an attractive long-term investment opportunity, a responsible taxpayer, and a good corporate citizen, helping communities to flourish. Eventually, economic value creation simultaneously helps improve the economic, environmental, and social conditions of Sika and its stakeholders, and is therefore an aspect of high importance.
Standards and Compliance
Sika pursues a holistic approach to compliance, and its compliance management system involves the whole organization across all hierarchies, functions, and geographical areas. The Sika compliance management system aims to ensure that governance, risk management, and other structures and processes within the Group are not only compliant with regulatory requirements, but are also as effective as possible within the organization to mitigate risks and prevent financial losses.
The Sika compliance organization provides guidance to the Group on compliance matters, develops new tools and procedures, addresses compliance cases with the support of other corporate functions having compliance responsibilities (HR, Controlling, EHS, Quality, Procurement, etc.), always in close cooperation with line management. Regional Compliance Officers and Local Compliance Ambassadors operate in close cooperation with the Regional Managers, Area Managers and General Managers.
Tax Approach
Through its tax principles, internal policies, and actions, Sika is committed to being a “good corporate fiscal citizen” in pursuit of a long-term sustainable tax strategy, while fully and efficiently complying with national and international tax laws and regulations. Sika’s tax approach is in line with OECD/G20 guidelines
and their general objectives. By following a business-oriented approach based on functions, assets, and operating risks when determining processes and transactions, Sika has a market-based outcome where a fair amount of taxes is paid in each jurisdiction in which the company operates. The outcome of the business-oriented approach is always checked for its compliance with all applicable laws. Such an approach results in an effective Group tax rate which reflects Sika’s global footprint, the decentralized nature of the business, and the Group’s successful local operations.
Direct Economic Value Generated and Distributed
Sika creates sustainable value for its customers, the supply chain and other stakeholders. The company distributes the derived economic value to various stakeholders. This includes governments through taxes, employees through compensation and benefits, shareholders through dividends, suppliers and service providers through raw material and service prices, and society through taxes and local community projects. Part of the value earned is retained in the company for further development of novel technology, acquisitions, capital investments, and to maintain a certain amount of independence from capital market fluctuations.