Sustainability development key targets
Nolato has a target-based approach to sustainable development. We believe this creates benefits for society and the Group’s business operations. The group-wide goals are long-term and linked to the UN’s 2030 Agenda and Sustainable Development Goals.
Climate change concerns Nolato in a number of ways, with the transition to a society with a smaller carbon footprint creating risks and opportunities for the Group. Boosting energy efficiency and phasing out fossil fuels is reducing Nolato’s carbon footprint. These measures also create preparedness for higher fees and taxes on carbon-emitting operations. Greater use of recycled and bio-based raw materials are other initiatives that are positive with regard to carbon emissions and may create business opportunities. So environmentally sustainable product development is a priority area, in which Nolato’s expertise and technology can contribute to customers’ environmental and carbon reduction efforts. Nolato has a number of long-term targets relating to the environment.
More efficient energy use, and up until 2020 usage should decrease by 20% compared with the average for 2011–2012. The group-wide key performance indicator (KPI) is GWh/net sales and production units use locally adapted targets and KPIs.
A 20 percent reduction in emissions of the greenhouse gas carbon dioxide (CO2) up to the year 2020 compared with the average for 2011–2012. The target relates to CO2 emissions from energy consumption. The group-wide KPI is tonnes of CO2/net sales and there are also different types of local targets.
Chemicals and raw materialsHazardous chemical substances should be identified and, where possible, phased out. The percentage of recycled and bio-based raw materials should increase. Nolato will take part in projects with customers and other stakeholders aimed at reducing the environmental impact of existing or new products.
The amount of waste should continually decrease in relation to net sales. The percentage of recycled waste should increase. This target is part of the Group’s continual improvement measures and has no specific deadline. All Group units use targets regarding scrap and waste management.
Environmental management systems
All units to be ISO 14001-certified. Acquired companies should be certified within two years.
Environmentally sustainable products
The percentage of recycled and bio-based raw materials should increase. Nolato will take part in projects with customers and other stakeholders aimed at reducing the environmental impact of existing or new products.
The Code of Conduct (The Nolato Spirit) is applied uniformly around the world and these values help attract, retain and develop committed, talented employees. Our long-term goals on social responsibility include initiatives that contribute to good health and safety, employee training and respect for human rights. Engagement with society is being further developed in those countries in which the Group operates.
The number of workplace accidents should be minimised with the long-term targeting of zero occurrences. All units must have a functioning system for registering and addressing near misses. This work should be conducted systematically, for example using certified management systems relating to health and safety (ISO 45001).
Ethical and humane principles
There should be no cases of infringements of human rights, discrimination or forced labour. Active information shall continue to be provided to employees and new staff.
Nolato business principles are characterised by integrity, responsibility and good ethics – basic principles that we share with suppliers, customers and others affected by our business operations. Prevention of corruption is a high priority. In this respect the Global Compact provides an ethical guide for employees and generates business benefits in the interaction with customers and other stakeholders.
There should be no cases of bribery, corruption or cartel formation. Continued active information to employees.
Customer requirements regarding the environment and social responsibility shall be met by a comfortable margin.
Improved evaluation of suppliers’ sustainability work.
Society, investors and analysts
Reporting must be in accordance with GRI and CoP guidelines. Nolato shall continue to endorse the Global Compact. We shall achieve good results in evaluations by analysts and independent institutions through transparent information in the field of sustainability.