Business Forum • 3 July, 2024 at 2:56 PM
ROCA Industry, the Romanian holding of construction materials companies, a strategic pillar owned by ROCA Investments, listed on the BVB main market with the symbol ROC1, has published its second Sustainability Report, made in accordance with the GRI Standards.
According to the report, the companies in the ROCA Industry portfolio had multiple projects in progress in 2023 with a focus on the ESG component. Among these are the establishment of a strategy and sustainability objectives, the realization of a climate risk analysis according to the TCFD (Task Force On Climate Related Financial Disclosures) international framework, as well as the analysis of greenhouse gas emissions according to the fields of application 1 and 2 (emissions generated directly and indirectly by the activity of the holding companies). At the same time, at the end of 2023, ROCA Industry started the process of analyzing indirect emissions, according to scope 3 (emissions that appear in the value chain from sources external to companies - suppliers, partners, etc.).
According to ROCA Industry's 2023 Sustainability Report, the carbon footprint indicators have undergone changes. The measures taken to reduce the carbon footprint produced the expected results, the value of this indicator decreasing considerably in all the companies where they were applied.
“The year 2023 was our first full year since inception in which we systematically allocated resources and focus to achieve our sustainability goals. We have ensured good governance and implemented responsible practices in all our operations. We have also embarked on an ambitious decarbonization plan, constantly optimizing our use of resources to minimize our impact on the environment. Starting from 2023, we have prepared intensively to quickly align with the new ESRS (European Sustainability Reporting Standards) stipulated in the European Sustainability Reporting Directive and applicable from next year," said Ionut Bindea, CEO of ROCA Industry.
The integration of ESG processes as a mission undertaken by the Holding in all its companies
From the point of view of the ROCA Industry holding business, the year 2023 was an active one, with investments in technology, new products and access to new markets both nationally and internationally.
ROCA Industry integrated into its portfolio, during the past year, two new companies, through the direct acquisition of Electroplast (June 2023) and the full acquisition of Iranga Technologijos, UAB, by BICO (May 2023), these entering the transformational process specific to the holding, during three stages, transformation, consolidation and scaling. In this process, the sustainability strategy plays a key role, ensuring the transition of the newly acquired companies to the next level, including in terms of improving processes and reducing the environmental impact of production activities in all subsidiaries.
Also, throughout the transformational process that the holding company companies go through, ROCA Industry focuses on the integration of sustainability through production lines of construction materials and sustainable products.
ROCA Industry aims to achieve a turnover of RON 655.4 million in 2024, through its subsidiaries, up 54% compared to the consolidated result of 2023. This growth is based on the expansion of distribution channels, an increase in the quantities sold, but also the full takeover in the consolidated statements of the companies included in the holding during 2023.
ROCA Industry owns, directly and indirectly, 9 significant players in the construction field: BICO Industries (the first and largest national manufacturer of fiberglass mesh and the only domestic manufacturer of fiberglass reinforcement), EVOLOR (one of the largest players in the paint and varnish production industry), ECO EURO DOORS (the largest Romanian manufacturer of doors intended for residential construction), WORKSHOP DOORS (the second largest Romanian manufacturer of doors intended for residential construction), DIAL (manufacturer of products from metal wire), ELECTROPLAST (one of the most important producers of electrical cables), as well as the fiberglass producers Terra, Europlas and Iranga, through BICO Industries.