Corporate Responsibility, ESG and Climate Change

The corporate responsibility strategy and specific targets are explained in particular in the Non-financial Statement. As part of the rising 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 effects. NORMA Group is increasingly focusing on products and solutions dedicated to the transformation to alternative drive systems.

The Strategy Committee deals specifically with the impacts of climate change. In addition, the development of NORMA Group’s CO₂ emissions is discussed at every Supervisory Board and Management Board meeting. The development CO₂ emissions compared to a range of targets 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.