If it isn't intentionally grounded, you one day, may well wish it was. If that siding is floating (not connected) with respect to ground and becomes accidentally energized from any hot wire, it may kill you or others who touch it while standing on the ground. The ground connection serves to trip the breaker immediately and reduce the risk of shock or fire, in the event that it may become energized.
Here's another scenario. At a home I was troubleshooting, customer was complaining of getting shocked from a range hood in the kitchen. Sure enough put a tester between a gas stove and the metal hood, a full 120V. Examination of the hood and wiring done, nothing found defective. Checked the stove no power coming from there, only ground from the gas pipe. When the hood circuit was disconnected, power remained to the sheet-metal and ductwork. Disconnecting the round duct from the fan, the power disappeared from the hood housing. Putting the duct back on brought the voltage back. It was hard to believe because the duct was just laying in the insulation, foil coated insulation that is.
Turns out that the garage underground had gone bad from a frost heave and poor installation practices. One of the UF garage wires shorted to a conduit sleeve. The conduit ran up to the attic area before entering the house. Where it entered the house it was touching the bottom of the gutter and the aluminum covered fascia board. This energized all of the gutters and downspouts, as well as the foil coated insulation in the attic, from the fascia board nails contacting it.
I could take a wiggy tester and put a lead on a downspout and one in the dirt and read a constant 120V. Not a good situation to have happening. I asked the customer if they were having high electric bills, they said yes about $500 more than normal but thought it was due to an oxygen generator.
The conduit was not properly grounded as it should have been, just a sleeve like a lot of folks do. And since it was touching the siding and gutters, it was heating up the entire envelope of the building, including the foil coated attic insulation and hence the ductwork.
So the moral is just because the code doesn't mandate something, doesn't mean it a bad idea. The code is a minimum standard to protect life and property, not a design standard. If the conduit was grounded or the siding was grounded, it should have blown the breaker right away to alert you to the short circuit. Thankfully in this instance nobody got hurt watering the flowers which were surrounding the entire house where the downspouts were located, or cooking dinner for that matter.
An extra piece of 6 Ga wire to the siding is good insurance in my book, better than nothing.