- Unfavorable exchange rates and softness in equipment sales.
- Softness in Asia Pacific market (China being the main reason).
- Rising costs of procuring and disposing of used foundry sand.
- Scope 3 emissions directly related to sales and energy intensity in sales regions.
Norican Group
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Norican Group disclosed greenhouse gas emissions of 21.5K tCO2e/year (Scope 1&2: 11000; Scope 3: 10500). By scope: Scope 3: 10.5K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
21.5K tCO2e/year (Scope 1&2: 11000; Scope 3: 10500)
2023
Renewable Energy
18% (2023)
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 10.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced Scope 1 & 2 emissions by 5.3% in 2023.
- Converted to 100% renewable energy at Wheelabrator Technology Center (Germany) and ItalPresseGauss Technology Center (Italy).
- Invested in phasing out natural gas for industrial application in Waukesha, USA (completion in 2024).
- Third-party agreement in India for green energy supply to Tumkur facility in 2024.
- Implemented a new electric car policy for company-owned vehicles (purchased/leased after December 1, 2022).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Track compliance of ‘A suppliers’ with the Code of Conduct (goal: 93% by supplier spend).
📅 Medium-term
- 50.4% reduction in absolute scope 1 and 2 GHG emissions by 2032 (from 2021 baseline).
- 25% of suppliers to have science-based targets by 2027.
- 70% of customers (by emissions from use of sold products) to have science-based targets by 2027.
🌱 ESG Focus Areas
EnvironmentSocialGovernance