Corporate Responsibility, ESG and Climate Change
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) topics, the Supervisory Board, Management Board and employees are paying more attention than ever to the resulting aspects. For example, NORMA Group is focusing increasingly on products and solutions in water management and the transformation to more environmentally friendly 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 in particular is discussed at every Supervisory Board and Management Board meeting.
CFO Annette Stieve is responsible for Corporate Responsibility and ESG on the Management Board.
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.