Fines and sanctions

In 2017, Sika incurred no significant fines for non-compliance with environmental laws and regulations. Sika strives for full legal and regulatory compliance, which are the foundation of its business. Therefore, all ISO-certified subsidiaries have a process in place to help them understand regulatory requirements and changes. They maintain certified management systems according to ISO 9001 (Quality), ISO 14001 (Environment), and in some cases OHSAS 18000 (Health & Safety) and ISO 50001 (Energy efficiency). Most of Sika’s subsidiaries work with external advisors to stay informed about regulatory changes.

The management systems according to ISO 14001 and OHSAS 18001 require companies to follow up on new legislation and implement legal requirements accordingly. Subsidiaries are audited by Legal and Internal Audit for compliance. General Managers are obliged to strictly adhere to applicable legislation and to supervise the subsidiary accordingly. Each year they have to verify the level of compliance in their company together with their management teams, and confirm it through a global reporting system (the Compliance Confirmation). In 2017, the reporting has not shown any deviation from compliance standards. Sika implements an Internal Control System according to Swiss public company law in all its subsidiaries to ensure adherence to these standards.