Corporate Responsibility, ESG and Climate Change

The corporate responsibility strategy and specific targets are explained in particular in the Non-financial Group Report. In the course of the growing importance of Corporate Responsibility and ESG (Environmental, Social, Governance) issues, the Supervisory Board, Management Board and employees are paying more attention than ever to the resulting aspects. NORMA Group is increasingly focusing on products and solutions in water management and the transformation to alternative drive systems.

The Strategy Committee in particular deals with the effects of climate change on a regular basis. In addition, the development of NORMA Group’s CO₂ emissions is discussed at every Supervisory Board and Management Board meeting. The development of CO₂ emissions compared to a target corridor has been a component of Management Board remuneration at NORMA Group since 2020.

CFO Annette Stieve is responsible for Corporate Responsibility and ESG on the Management Board.