Long Term Success through Sustainability
At Kordsa, economic, environmental and social performance are always seen as interrelated to each other. The main goal in each and every Kordsa plant is to measure, monitor and improve the way we manage the impact our activities. In the process of identifying our aspects for strategic sustainability, we always take into consideration the GRI principles of materiality, stakeholder inclusiveness, sustainability context and completeness, as well as the principles set out in the UN Global Compact, and the International Finance Corporation’s (IFC) Performance Standards on Environmental and Social Sustainability that were established to pinpoint, assess and manage social and environmental risks in project finance.
We ramped up our activities to further improve our sustainability strategy. In addition to the Kordsa Sustainability Task Force, all our stakeholders supported our efforts to design and implement the following initiatives:
In 2014, while we increased our profitability in tire reinforcement materials, our main line of business, we also made an ambitious entry into new markets in order to ensure sustainable growth, and had a financially successful year.
One of the most significant developments of 2014 was the inauguration of our second plant in Indonesia as an extension of our investments in Asia; we further reinforced our position with regard to proximity to market, and supply capabilities to customers.
Another ambitious, novel and unique business model, embodied as a project to penetrate the composites market, became official with the investment we made in the Composite Technologies Center of Excellence, the groundbreaking ceremony of which took place at the Istanbul Teknopark. This is a pioneering step toward Industry-University Collaboration in Turkey, which not only serves to conduct research and development, but also offers education and production under the same roof.
We are content that there has not been a single fatal accident since our establishment thanks to risk assessments, preventive measures, and a culture of occupational health and safety promoted in all our facilities in the scope of OHS, and we continue to manufacture with a goal of zero accidents.
We constantly support our employees through training platforms that have become brands in their own right such as KEEP.
Ensuring equal opportunities for women, and diversity are among our labor priorities. We are a signatory to the United Nations Women’s Empowerment Principles as well as the Equality at Work Declaration introduced to the business world under the leadership of the Ministry of Family and Social Policies and the co-chairmanship of Ms. Güler Sabancı, the Chairman of the Board of Sabancı Holding, and we are determined to continue supporting similar platforms.
Environmental management in production comes first among our operational priorities. In the same vein, our strategy discussions focus on energy, waste and emissions management among our top priorities.
We have been using waste plastic recycling pelletizing machines in our production, which emerged as an innovative idea for an R&D project. At Kordsa Turkey, we recycle the waste produced at the Nylon 6.6 yarn plants into Nylon 6.6 pellets, thus making them available to the engineering plastics industry.
Another project that was considered a revolutionary innovation in our sector was our resorcinol- and formaldehyde-free ‘green’ dip solution. By developing an auxiliary agent that poses no human or environmental health risks, we achieved compliance with REACH regulations and gained the appreciation of our customers at the same time.