Sustainability Management
As Kordsa, while doing business in today’s competitive world and creating economic value, we execute all our activities with the awareness of our social and environmental responsibilities as we create value for our stakeholders.
Governance Structure
To disseminate our sustainability approach to all facilities and departments in our company and to establish a more holistic sustainability management, we established a new management structure.
Our performance in sustainability priorities is embraced at the level of Board of Directors, our supreme governing body in Kordsa. The Board of Directors takes sustainability principles and the environmental impacts of company activities into account when determining its corporate governance strategy. Our targets on our sustainability focus topics, which we determine through internal review workshops biennially, are determined and revised as necessary by the Kordsa Executive Leadership Team, which consists of our Chief Executive Officer, the Chief Operational Officers in charge of plant operations, and our Directors. Our Chief Executive Officer, who reports to the Board of Directors, works with the Kordsa Executive Leadership Team to determine our company's environmental, social, and governance (ESG) priorities, risks, and opportunities, and develops ESG policies accordingly. These policies are publicized on our website, following approval by the Board of Directors.
Our Corporate and Brand Communication and Sustainability Manager who reports to the Chief Executive Officer directly leads the Sustainability Management Team, with whom she meets four times a year, and the Sustainability Reporting Group, with whom she communicates constantly during the reporting period. She ensures the coordination between departments and senior management to achieve the relevant goals while coordinating the preparation of the annual sustainability performance report.
In 2020, Kordsa Executive Leadership appointed our Chief Operational Officer EMEA as Kordsa Sustainability Sponsor globally. This appointment will be effective from 2021.
Sustainability Management Team
Nine "Sustainability Leaders" working at different plants are permanent members of the Sustainability Management Team. To achieve the sustainability targets envisaged as part of the company's strategic plans, performance indicators were defined and one of the Sustainability Leaders’ duties is to monitor them. Another duty is to ensure the implementation of the planned projects that will help reach the targets by following them with the relevant regional departments. The Team also has members from the Market Development, R&D, Supply Chain, Human Resources, Finance, and Operations departments who are not permanent but who act as "Advisory Members" as necessary.
Sustainability Leaders track and report sustainability performance indicators for their regions using the Monthly Sustainability Performance Indicators Tracking Chart. These reports include Kordsa sustainability performance indicators. Sustainability Leaders also create Quarterly Sustainability Performance Tracking Reports, which include tracking and evaluations towards achieving the targets, and are submitted to senior management every three months. With the new salary and bonus scheme effective from 2022, we are aiming the results of the annual sustainability targets to be effective on the annual performance marks and pays of the leaders who work in different facilities and departments (CEO and Directors).
Sustainability Reporting Group
The Reporting Group is responsible for ensuring regular data collection and best practices in all company plants for the annual sustainability report. Reporting group representatives collect the information they requested beforehand according to the reporting criteria demanded from them, between February and March every year. The reporting group consists of representatives from different departments. These departments are Occupational Health and Safety, Environmental, the Energy Committee, Finance, Supply Chain, Human Resources, Legal, Market Development, Corporate Communications, R&D, Quality, and TPM. The reporting group also includes some Sustainability Leaders and Management Team Advisory Members.
The Corporate and Brand Communication Department who reports to the Corporate and Brand Communication & Sustainability Manager, works to raise awareness on sustainability through social responsibility projects, awareness events and trainings, as well as brand and communication activities.
At Kordsa, we create implementation and action plans in line with our short and long-term goals and make them public through our reports. We included the actions taken and their results within the scope of our first five-year sustainability roadmap in the 2019 Sustainability Report. As part of the new targets set in 2020, we have formed four new workgroups. In 2020, Employment and Human Rights, Business Ethics, Environment, and Sustainable Purchasing workgroups all started to design projects and programs to be carried out towards the new five-year goals.
Kordsa Sustainability Road Map 2050
Considering the material sustainability topics that we identified at Kordsa; we prepared a five-year sustainability roadmap in the last quarter of 2016 which was approved by Kordsa Executive Leadership Team. Considering 2016 as the base year, we prepared all sustainability management actions up to 2020. We accomplished most of our targets by the end of 2019. We decided to include the target of ‘adding Scope 3 to emission calculation in all plants, which we could not complete in 2019, within 2020 activities. Our 2020 Scope 3 data is included in the Emission Management section.
In the second quarter of 2020, we reviewed our strategic priorities and set new short, medium, and long- term sustainability goals based on the United Nations (UN) 2030 Sustainable Development Goals. After examining which UN sub-goals our company's activities serve, we decided to focus on five related goals; SDG 9: Industry, Innovation, and Infrastructure, SDG 12: Responsible Production and Consumption, SDG 8: Decent Work and Economic Growth, SDG 5: Gender Equality, and SDG 4: Quality Education. The sustainability targets we updated in the fourth quarter of 2020 is located here.
