Waste management and circular economy

[SBM-3-48a] The topics of waste management and circular economy are relevant for the company’s own business activities as well as for the upstream and downstream stages of the value chain. [SBM-3-48b][SBM-3-48h] The identified impacts influence the value chain and NORMA Group’s decision-making by promoting the reduction of waste in production. [SBM-3-48b] Details on the measures NORMA Group takes to respond to these impacts are described in the chapter E5 CIRCULAR ECONOMY. [SBM-3-48ci] NORMA Group has an actual positive impact on waste management and resource inflow through its high-quality products and recycling projects, while its production processes and product life cycle have a negative impact on resource inflow and consumption. In addition, there is a potential positive impact from improving production processes and reusable packaging, which can help minimize waste. [SBM-3-48civ] NORMA Group contributes to the impact through its own activities and business relationships (e.g. through suppliers) in the area of waste management and circular economy. [SBM-3-48cii] This is related to NORMA Group’s corporate strategy and business model, as NORMA Group is a manufacturing company. [SBM-3-48d][SBM-3-48e] Efficient waste management and the integration of circular economy principles are intended to increase NORMA Group’s resource efficiency. The reduction of waste is just as much a part of excellence in production as, for example, the regranulation of waste for reintroduction into the production process as an element of the circular economy.