Climate Change Data

Norican Group

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:21,500 tCO2e/year (Scope 1&2: 11,000; Scope 3: 10,500)
Scope 3 Emissions:10,500 tCO2e/year
Renewable Energy Share:18% (2023)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced Scope 1 & 2 emissions by 5.3% in 2023.
  • Converted to 100% renewable energy at Wheelabrator Technology Center (Germany) and ItalPresseGauss Technology Center (Italy).
  • Invested in phasing out natural gas for industrial application in Waukesha, USA (completion in 2024).
  • Third-party agreement in India for green energy supply to Tumkur facility in 2024.
  • Implemented a new electric car policy for company-owned vehicles (purchased/leased after December 1, 2022).

Social Achievements

  • Awarded five DISAMATIC scholarships to B Tech students at the Indian Institute of Advanced Manufacturing Technology (IIAMT).
  • Continued Simpson’s support of the Foundry Educational Foundation.
  • Held various employee engagement events and celebrations across global locations.
  • Conducted the first global annual engagement survey.
  • Improved safety performance, continuously improving LTIR since 2017.

Governance Achievements

  • Implemented ISO 14001:2015 certification at 7 sites.
  • Implemented ISO 9001:2015 at 14 sites.
  • Implemented ISO 45001:2018 at 2 sites.
  • Reinforced health and safety reporting system.
  • 100% of procurement employees trained on the Supplier Code of Conduct.
  • 89% of ‘A suppliers’ signed the Supplier Code of Conduct.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 50.4% reduction in absolute scope 1 and 2 GHG emissions by 2032 (from 2021 baseline).
  • 25% of suppliers to have science-based targets by 2027.
  • 70% of customers (by emissions from use of sold products) to have science-based targets by 2027.
Short-term Goals:
  • Track compliance of ‘A suppliers’ with the Code of Conduct (goal: 93% by supplier spend).

Environmental Challenges

  • Unfavorable exchange rates and softness in equipment sales.
  • Softness in Asia Pacific market (China being the main reason).
  • Rising costs of procuring and disposing of used foundry sand.
  • Scope 3 emissions directly related to sales and energy intensity in sales regions.
Mitigation Strategies
  • Strong efforts to continuously improve competitiveness and bottom line.
  • Investment in growth, increasing sales activities in South-East Asia, Latin America, Middle East, and Africa.
  • Investment in Simpson’s pneumatic sand reclamation technology.
  • Focus on dialogues with small and medium-sized (SME) supplier businesses to encourage science-based targets.

Supply Chain Management

Supplier Audits: Sustainability criteria forms part of every purchasing decision.

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier sustainability assessments
  • Upgraded Procurement Policy and preferred vendor program

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and processes; avoided emissions through innovative technologies.

Reporting Standards

Frameworks Used: SBTi, EcoVadis

Certifications: ISO 14001:2015, ISO 9001:2015, ISO 45001:2018

Sustainable Products & Innovation

  • Monitizer IIoT platform
  • Simpson’s pneumatic Pro-Claim sand reclamation technology
  • StrikoWestofen’s energy-efficient melting and dosing technology