Kordsa Publishes Interactive Sustainability Report
Kordsa published its fifth sustainability report in which it announced its administrative, social, economic and environmental performance in 2018.
Kordsa which offers its stakeholders with the opportunity to monitor and evaluate its sustainability activities through this report, and received various awards in Turkey and abroad with the last year’s report.
Kordsa’s report shows the sustainability performance of Kordsa in 2018 in comparison with previous years and includes priority sustainability topics such as the managerial, economic, social and environmental activity targets, actions taken, development that has been obtained and the exemplary practices developed by the employees.
In 2018 Sustainability Report, unlike previous years, tire strengthening and composite technologies’ value chains and sustainability impacts were included in schemes. The report, which has been made more summary and focused compared to previous years, included the results and gains of R & D and total productive maintenance (TPM) projects that serve sustainability targets. In addition, the content of the report has been enriched with supportive web site, documents and links to videos for easier and more practical access to information.
Placing R&D and innovation on the basis of business processes, Kordsa increased their patent portfolio by 22% from 2017 to 2018. As a result of their efforts to produce lighter and more durable tire; and composite materials with less energy and materials; Kordsa has reached 670 patent applications and 183 inventions as of the end of 2018. In 2018, the turnover from new products was 64 million USD. The reinforcement giant saved about 1.82 million USD by reusing approximately 3 million coils through recovery steps. Environmental investments worth of 790 thousand USD were realized through emission management, waste management and training. The compnay attaches great importance to their employees; and provided them with an average of 36 hours of training and reduced employee turnover by 1%.
In 2016, Kordsa was admitted to the BIST Sustainability Index; which includes companies listed on the Borsa Istanbul and with high corporate sustainability performances. Tthe company improved its rating in the BIST Sustainability Index in terms of environmental criteria; and entered its third year in this index in November 2018- October 2019 period.
