Energy Must be Managed Effectively
Global trends, such as long-term energy and raw materials scarcity, increasing urbanization, and population growth confront companies and communities with major economic, social, and ecological challenges. Efficient use of energy and resources is crucial for sustainable development. Sika’s production and distribution activities are less energy intensive than its supplier industries, specifically the chemical industry, but base to a large extent on nonrenewable energy sources. This exposes Sika to price volatilities, supply uncertainties, and increasing regulatory action related to energy consumption like the taxation of CO2 emissions. Therefore, Sika believes that energy efficiency and mitigation of emissions are key success factors of its overall efficiency efforts.
Efficient Use of Energy
Apart from raw materials, energy is the main resource input for Sika’s operations. Therefore, the efficient use of energy is highly important for the company. CO2 emissions are a consequence of fossil fuel consumption, which can be limited by increasing energy efficiency. The CO2 footprint of purchased electricity depends on the power production in each country and cannot be influenced easily. For self-produced electricity, Sika seeks to use low-CO2 energy sources where possible, for example natural gas instead of oil. Sika is committed to reducing the use of nonrenewable energy, thus minimizing negative impacts on climate change, reducing costs, and increasing competitiveness.