Sustainability Portfolio Management (SPM) Framework
Innovation in Sustainable Solutions is an integral part of Sika’s innovation strategy. Creating value-added products based on both higher performance and sustainability benefits is the key objective of the Sustainability Portfolio Management (SPM) approach.
Methodology
Sika’s SPM methodology is based on the World Business Council for Sustainable Development (WBCSD) Chemical Industry Methodology for Portfolio Sustainability Assessments (PSA). Sika uses the SPM methodology to evaluate, classify, and market products in terms of performance and sustainability. By evaluating products using a set of criteria within market segments, Sika can promote new or existing products under the “More Performance – More Sustainable” branding.
The performance and sustainability categories represented within the SPM methodology are directly aligned to the sustainability topics material to Sika (Sika Materiality Analysis) and support the company’s contribution to the UN Sustainable Development Goals (UN SDGs). The SPM methodology is an integral part of the Product Creation Process (PCP).
A standardized approach allows an efficient product development evaluation and ensures accurate information for making decisions and benchmarking purposes. The SPM methodology applies to all product categories, including new product developments as well as existing products, and follows a four-step approach. This allows Sika to evaluate products on their performance and sustainability profiles and their contribution to the strategic target. Products that account for a larger volume of sales or with a higher sustainability relevance are prioritized.
The SPM Four-Step Approach
1. SEGMENTATION
Products are evaluated and classified in specific segments. This segmentation determines the context of its unique technology and application combination.
2. SUSTAINABILITY
Evaluation of the product against the range of criteria covered under 12 different sustainability categories (SPM sustainability profile).
3. PERFORMANCE
Evaluation of the product against the range of criteria covered under 6 different performance categories (SPM performance profile).
4. CLASSIFICATION
The final step combines the results of steps 2 and 3 into the final product classification (SPM profile).
Sustainability Categories
The Sustainability categories that form part of the Sika Sustainability Portfolio (SPM) methodology are comprehensive and cover the sustainability topics material to Sika. Products assessed under the SPM methodology undergo a rigorous evaluation against 12 Sustainability Categories, ensuring that Sika Sustainable Solutions are fit for purpose.
Performance Categories
The Performance categories that form part of the Sika Sustainability Portfolio (SPM) methodology are comprehensive and cover technology specific topics material to Sika. Products assessed under the SPM methodology undergo a rigorous evaluation against 6 Performance categories, ensuring that our Sustainable Solutions are fit for purpose.