NORM HOLDING
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:41.399 + 40.573 tonnes CO2e (Scope 1 & 2)
Scope 1 Emissions:41.399 tCO2e/year
Scope 2 Emissions:40.573 tCO2e/year
Renewable Energy Share:10% (from SPP)
Total Energy Consumption:129.173 MWh (Natural Gas) + 136.404 MWh (Electricity)
Water Consumption:674.668 m3
Waste Generated:2.108,867 tons (Hazardous) + 18.904,698 tons (Non-Hazardous)
ESG Focus Areas
- Climate Change and Energy Consumption
- Product Safety and Quality
- R&D and Innovation
- Operational Excellence and Efficiency
- Occupational Health and Safety
- Talent Management and Employee Engagement
- Digitization and Automation
- Water and Waste Management
- Customer Expectations and Satisfaction
- Responsible Investment Approach
- Corporate Governance
- Responsible Resource Management and Procurement
- Human Rights and Fair Working Conditions
- Equal Opportunity and Diversity
- Business Ethics
- Risk Management
- Biodiversity
- Social Investment Programs
- Multi-stakeholder Initiatives and Collaborations
- Contribution to local socioeconomic development
Environmental Achievements
- 100% recycling of non-hazardous waste
- 744,342 kWh solar energy generation in Salihli facility
- Zero Waste certificates at several facilities
- Significant reduction in oil-grease parameter in wastewater
Social Achievements
- Increased rate of women in managerial positions from 15.1% to 23.1%
- Increased white-collar women employee ratio to 33.9%
- Increased number of disabled employees by 15%
- 26,196 hours of Occupational Health and Safety training
- Employee loyalty rate of 71%
Governance Achievements
- Established the Norm Holding Early Detection of Risk Committee
- Established a web-based Enterprise Risk Management System
- Implemented various policies in accordance with Corporate Governance Principles
- Established an Ethics Committee
Climate Goals & Targets
Long-term Goals:
- Net zero emissions target by 2050
- Zero Waste target by 2050
Medium-term Goals:
- 50% reduction of carbon footprint emissions by 2030
- Increasing renewable energy production by 100% in Salihli campuses and 50% in İzmir campuses compared to 2021 by 2030
- Increasing energy efficiency by 2030
- Reducing energy consumption per production by 2030
- Resetting the coal consumption by 2030
- Reducing the amount of water withdrawn per product in production facilities compared to the base year 2020 by 2030
- Increasing the water recycling and reuse rate to 50% compared to the base year 2020 by 2030
- Reducing the total amount of waste per product by 2030
- Providing 50% reduction in packaging waste by 2030
- Increasing the rate of women employees by 2030
- Increasing the work-life balance score in the Norm Employee Opinion Survey by 2023
- Increasing employee loyalty rate by 2025
- Working on an Agile organizational structure by 2024
- Planning developments in line with individual development plans by 2023
- Increasing the customer satisfaction rate by 2030
- Increasing customer loyalty by 2030
- Increasing the number of engineering offices by 2025
- Increasing R&D spending to 2% by 2030
- Increasing the rate of sustainable product projects by 2030
Short-term Goals:
- Completely eliminating the use of disposable plastic and disposable cups in the office by 2025
- Increasing waste recovery to 90% by 2023
- Creating a roadmap for the transition to a low carbon economy by 2023
- Increasing intellectual and industrial rights applications by 2025
- Increasing the number of scientific publications by 2025
Environmental Challenges
- Supply chain disruptions
- Rising energy and logistics costs
- Global social, economic, and environmental changes
- Climate change
Mitigation Strategies
- Prudent investments and extensive supplier network
- Adaptation to changing business models and pandemic conditions through digital transformation
- Integrated risk management
- Sustainability strategy focusing on climate action, resource efficiency, and stakeholder engagement
Supply Chain Management
Responsible Procurement
- Supplier handbook
- Requirement of ISO 9001:2015 certification or IATF 16949:2016 certification
- Monthly evaluations of quality, logistics, and deadlines
- Annual audits
- Prioritization of suppliers who comply with environmental and social criteria
Climate-Related Risks & Opportunities
Physical Risks
- Extremes of heat
- Flooding
- Droughts
Transition Risks
- Regulatory changes (e.g., EU Green Deal)
- Market shifts towards sustainable products
Opportunities
- Development of energy-efficient products
- Increased demand for sustainable solutions
Reporting Standards
Frameworks Used: GRI Standards “Core” option
Sustainable Products & Innovation
- HexLight® lightweight fastener
- Innovative fastener for thin sheets
- Self-aligning fastener
Awards & Recognition
- Bronze Award in the SAP Quality Award
- Special Achievement Category award at the TÜSİAD SD2 Project Award Ceremony
- Turkey’s Best Employers award for Norm Fasteners, Norm Coating, and Norm Tooling
- Respect for Human 2020 award
- North Star Sustainability Award
- Silver award for “ENLider Sensin” Leadership Development Program
- Stars of Export Award Ceremony awards
- A+ Credit Rating from JCR Eurasia Rating
- Best R&D Project of the Year Award from İZTEK
Reporting Period: 2022
Environmental Metrics
Scope 1 Emissions:41,086.64 tCO2e/year (2022)
Scope 2 Emissions:47,144.84 tCO2e/year (2022)
Water Consumption:780,447 m3/year (2022)
Waste Generated:20,097 tons/year (hazardous) and 1,368 tons/year (non-hazardous) (2022)
ESG Focus Areas
- Work Matters
- Planet Matters
- Technology Matters
- Human Life Matters
Environmental Achievements
- Generated more than 3,000,000 KWh of renewable energy in 2022 through investments in solar power plants.
- Recycled 734.7 tons of paper waste through Zero Waste practices.
- Reduced natural gas consumption per ton and electricity consumption at Norm Fasteners Bolts İzmir through hybrid systems in heat treatment furnaces and optimized parameters in the surface treatment plant.
Social Achievements
- Increased the rate of women employees in managerial positions from 15.1% in 2020 to 25.6% in 2022.
- Provided 42,654 hours of Occupational Health and Safety training in 2022.
- Launched the “ENLider Sensin” executive training program to improve customer relations and maximize customer satisfaction.
Governance Achievements
- Received an A+ credit rating from JCR Credit Rating Company in subsidiaries.
- Achieved a Corporate Governance Rating Score of 9.04 out of 10.
- Established an independent hotline and Ethics Committee for employees and business partners.
Climate Goals & Targets
Long-term Goals:
- Achieve Zero Waste target (hazardous and non-hazardous waste) by 2050
Medium-term Goals:
- Achieve net zero emissions by 2050
- Increase the rate of sustainable product projects by 2030
- Increase employee loyalty rate by 2025
- Work on an Agile organizational structure by 2024
- Planning developments in line with individual development plans by 2023
- 50% reduction in emissions from input products by 2030
- Ensure zero defect in the product by 2025
- Reducing poor quality costs by 2025
Short-term Goals:
- Reduce Scope 1 and Scope 2 emissions by 50% by 2030
- Increase renewable energy production by 100% in Salihli and 50% in Izmir by 2030
- Increase waste recovery to 90% by 2023
- Completely eliminate disposable plastic and cups in the office by 2025
- Increase the rate of women employees to meet targets by 2030
- Create an employee welfare and well-being program by 2023
- Increase R&D spending to 2% by 2030
- Create a roadmap for transition to a low-carbon economy by 2023
- Increase intellectual and industrial rights applications to 7 by 2025
- Increase the number of scientific publications to 20 by 2025
- Increase the digital maturity level index by 2025
- Increase RPA process automations by 2025
- Complete Digital Transformation Academy training sessions by 2025
- Increase efficiency in production by 2025
- Achieve 100% compliance with the production plan by 2025
- Establish a supplier development program by 2024
- Evaluate supplier sustainability (ESG) performance by 2023
- Increase customer satisfaction rate by 2030
- Increase customer loyalty by 2030
- Increase the number of engineering offices to 3 by 2025
- Make an ESG assessment during investment by 2024
- Create a responsible purchasing policy by 2023
- Set up the Enterprise Risk Management system by 2023
- Identify risk management metrics by 2023
- Develop ethical advice and reporting mechanisms by 2023
Environmental Challenges
- Global risks such as energy crisis, recession in Europe and America, chip crisis in the automotive sector, logistical risks, and supply chain shifts.
- Climate-related risks, particularly the Carbon Border Adjustment Mechanism targeting the fasteners sector.
- Maintaining high customer satisfaction amidst macroeconomic fluctuations and geopolitical risks.
Mitigation Strategies
- Established the Early Detection of Risk Committee to assess and analyze risks.
- Developed a “Responsible Purchasing Policy” to support sustainability in the supply chain and reduce carbon emissions.
- Implemented the Enterprise Risk Management Project to integrate risk analysis into business processes.
- Investing in solar power plants (SPP) and wind power plants (WPP) to meet energy needs from sustainable sources.
- Diversifying supply sources and transportation to minimize exposure to risks.
- Implementing energy efficiency measures and procuring energy from renewable sources.
Supply Chain Management
Responsible Procurement
- Responsible Procurement Policy
- Supplier ESG Assessment and Development program (planned)
Climate-Related Risks & Opportunities
Physical Risks
- Adverse weather conditions
Transition Risks
- Carbon Border Adjustment Mechanism
Opportunities
- Development of energy-efficient products
- Investments in renewable energy
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, IATF 16949, AS 9100 (planned)
Sustainable Products & Innovation
- Hexlight weight-reduced fastener
Awards & Recognition
- TAIDER North Star Sustainability Award
- EcoVadis Silver Medal
- Stars of Export Awards
- IZTEK Innovation R&D and Technology Awards
- Deloitte “Best Managed Companies” Award