Kordsa Releases Third Sustainability Report
Kordsa, has released its annual sustainability report, which highlights the company's social, economic and environmental performance in 2016. Striving to “Reinforce Life”, Kordsa’s third sustainability report has been prepared in accordance with new standards released by the Global Reporting Initiative (GRI) in 2016. Kordsa is one of the first 100 companies worldwide to comply with these standards.
This year's sustainability report is the third by Kordsa and reflects its “Reinforcing the Future” mission and highlights its R&D activities in every market it operates, as well as its innovative products, technologies and processes, its relationship with its suppliers and customers, its energy emissions, waste and water management and biodiversity within the scope of environmental management.
Kordsa operates in accordance with international standards within the scope of the United Nations Global Compact, which the company signed in 2014. The sustainability report clearly reflects its global business model while also demonstrating its transparent and accountable management approach. The report, including the company’s best practices, sets a priority for sustainability as the basis of the company’s future-oriented strategies. The report also notes that Kordsa has been included in the BİST Sustainability Index together with 43 other companies listed on the Istanbul Stock Exchange for their superior corporate sustainability performances, and underlines the accident-free hour targets reached in the field under the guidance of its "Safety Experience Center", as well as highlighting its innovative technologies developed within the "Green Products" program and practices carried out within the scope of environmental management. The report also highlights how Kordsa’s second R&D center at Composite Technologies Center of Excellence – a pioneering example of academy-industry collaboration in Turkey for the development of future reinforcement technologies – gained oicial ministerial approval as an R&D center.
Today Kordsa, which reinforces one out of every three automobile tires and two out of every three aircraft tires worldwide, is developing innovative technologies for more sustainable mobility. Reducing rolling resistance with its tire reinforcement technologies, Kordsa is producing composite technologies that will allow lighter automobiles. Thanks to its reinforcement technologies, Kordsa decreases fuel consumption, which is of great importance for the environment. Kordsa took part in one of the industry's foremost collaborations with Continental to produce safer and more environmentally friendly products.