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NORMA Group SE — Environmental & Social Information 2014
Dec 1, 2014
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Environmental & Social Information
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Media | 1 December 2014 09:29
NORMA Group promotes responsible business with suppliers
(DGAP-Media / 01.12.2014 / 09:29)
NORMA Group promotes responsible business with suppliers
Maintal, Germany, 1 December 2014 – NORMA Group, a global market and technology leader in engineered joining technology, has developed a code of conduct for suppliers to ensure sustainable and ethical business practices. Beyond environmental aspects, the “Supplier Code of Conduct” also addresses social issues such as fair wages and occupational safety and health protection at their suppliers.
“As a manufacturer, we are aware that we have a responsibility for the environment and the society,” says Werner Deggim, CEO of NORMA Group. “Since we seek to continually improve our supplier relationships, we also want to promote responsible and social practices in our business environment.”
NORMA Group also seeks to exclude the use of conflict minerals in production. Ores like cassiterite, coltan or wolframite are extracted in war zones in conditions that severely breach international law. The special ores are used in the metals industry, for instance as coatings for screws.
Going forward, suppliers of NORMA Group will be reviewed to assess whether they comply with the principles of the code of conduct. NORMA Group will be entitled to discontinue the relationship if they do not comply. The criteria are based on international guidelines such as the UN Global Compact under which companies undertake to comply with social and environmental standards such as, for instance, the international environmental norm ISO 14001.
In 2013, NORMA Group bought materials with a total value of about EUR 269.4 million from suppliers. This corresponds to about 42.4% of group sales.
The Supplier Code of Conduct is available on: www.normagroup.com/supplier . Please find more information about Corporate Responsibility at NORMA Group on our homepage www.normagroup.com/CR . Please visit our platform www.normagroup.com/images for press photos.
Contact
NORMA Group SE
Daphne Recker
Media Relations
E-mail: [email protected]
Tel: +49 (0)6181 – 6102 743
About NORMA Group
NORMA Group is an international market and technology leader in engineered joining technology. The company manufactures a wide range of innovative joining technology solutions in three product categories (clamp, connect and fluid) and offers more than 35,000 high-quality products and solutions to around 10,000 customers in 100 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems as well as in applications for the pharmaceutical and biotechnology industry. The company generated sales of around EUR 636 million in 2013. With around 6,000 employees, NORMA Group operates a global network of 22 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. Since April 2011, NORMA Group is listed on the German stock exchange and included in the MDAX index since March 2013.
End of Media Release
Issuer: NORMA Group SE
Key word(s): Enterprise
01.12.2014 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | NORMA Group SE |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 (0)6181-6102-741 |
| Fax: | +49 (0)6181-6102-7641 |
| E-mail: | [email protected] |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP-Media |
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| 301041 01.12.2014 |