CR Targets and Sustainable Development Goals

 

CR targets 2024

Based on the topics identified as being material, NORMA Group formulates quantitative targets for each area of action. By integrating the findings of the materiality analysis into the CR Roadmap, NORMA Group ensures that the targets are also oriented towards stakeholders’ expectations. Thus, the achievement of the specific CR targets is an indicator of NORMA Group’s performance in CR.

An overview of the CR targets for 2024 can be found in the chart GRAPHIC G008: ‘CR ROADMAP 2024’. The Group-wide targets presented were approved by NORMA Group’s Management Board and subsequently translated by the specialist departments into sub-targets for regions and individual sites. Progress in the material areas is regularly reviewed internally and reported externally.

 

Climate target 2024 integrated into Management Board’s remuneration

NORMA Group developed an ENVIRONMENTAL STRATEGY in 2018. A core component of this strategy is the reduction of greenhouse gas emissions at NORMA Group‘s manufacturing sites. In setting its climate target, NORMA Group followed the recommendations of the SCIENCE-BASED TARGETS INITIATIVE3. The target was tightened again in 2020 and now amounts to roughly 19.5% reduction in greenhouse gases compared to 2017 by the end of 2024, which corresponds to a target value of 44,434 tons4. Among other things, the target is part of the remuneration of NORMA Group’s Management Board. REMUNERATION REPORT

3 Links to external information are not part of the non-financial report and serve only as a source of further information

4 Carbon emissions for the target value are reported in accordance with the GHG Protocol (market-based, Scope 1 and Scope 2). Scope 1 includes only emissions from natural gas and LPG and Scope 2 emissions from purchased electricity and district heating. When recording emissions, only emissions relating to the production sites are taken into account. Since January 2022, NORMA Group has purchased electricity from renewable energies at all production sites. NORMA Group purchases “Energy Attribute Certificates” for this purpose. These are also included in the target value.

 

United Nations‘ Sustainable Development Goals

In many different areas, the NORMA Group’s areas of action are in line with the United Nations’ Sustainable Development Goals (SDG) and contribute to their attainment. The following issues are particularly relevant for NORMA Group:

 

Goal 4 – Quality Education:

Through measures in the area of training and development, NORMA Group enables its employees to constantly advance their career and personal development. NORMA Group also presents opportunities to acquire knowledge and skills with respect to sustainable lifestyles, human rights, appreciating cultural diversity, etc. via it’s groupwide learning platform.  LEARNING AND DEVELOPMENT

 

Goal 6 – Clean Water and Sanitation:

The PRODUCTS NORMA Group offers globally contribute to the efficient use of water. Water consumption is also to be reduced in NORMA Group’s PRODUCTION processes. Furthermore, with its social project NORMA CLEAN WATER, NORMA Group contributes to the conscious use of water management in emerging and developing countries.

 

Goal 8 – Decent Work and Economic Growth:

NORMA Group pursues ambitious growth targets. At the same time, the HEALTH AND SAFETY of all employees is an important component of the CR Scorecard.

 

Goal 9 – Industry, Innovation and Infrastructure:

INNOVATIONS form the basis for future growth and for developing environmentally friendly products. For this reason, NORMA Group sets internal incentives for its employees to generate new ideas.

 

Goal 12 – Responsible Consumption and Production:

NORMA Group seeks to reduce consumption of resources in production and conducts measures to do so at every plant. Furthermore, NORMA Group is increasingly taking sustainability criteria into account when purchasing materials MATERIAL PROCUREMENT.

 

Goal 13 – Climate Action:

NORMA Group’s environmental strategy focuses on REDUCING GREENHOUSE GASES.

In addition, NORMA Group also contributes to the implementation of other objectives (such as “Goal 3 – Good Health and Well Being” as part of occupational health and safety measures, “Goal 5 – Gender Equality” as part of the NORMA CLEAN WATER project with Plan International, e.g. by organizing equal opportunity workshops, and “Goal 11 – Sustainable Cities and Communities” through products in the area of infrastructure and water management). We have been acting on “Goal 17 – Partnerships for the goals” via sub-targets 17.16 and 17.17 through our past (India) and current partnerships (Brazil) with Plan International in the developing countries of the Global South and will continue to do so.

Legend

These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.