SIFCOR GROUP DPEF, FY 2023 Declaration of Extra-Financial Performance 2023 SIFCOR Société Industrielle & Financière de Courcelles 52800 Nogent (F) www.sifcor.fr
Open the catalog to page 1SIFCOR GROUP DPEF, FY 2023 Preamble: Resilience and growth in the face of global crises 3 A Word from the President 4 1 - Economic performance, quality and ethics 11 3 - Anchoring in local life 18 *data not published on the website Societe Industrielle & Financiere de Courcelles 52800 Nogent (F) www.sifcor.fr
Open the catalog to page 2SIFCOR GROUP DPEF, FY 2023 PREAMBLE Resilience and growth in the face of global crises The global automotive industry has gone through unprecedented challenges due to the Covid19 pandemic, semiconductor shortages and geopolitical tensions. These crises have led to plant closures, supply chain disruptions and a significant drop in sales. Despite this, the industry has been able to reinvent itself by massively turning to electric vehicles to address environmental concerns and new regulations. According to ACEA (Association of European Automobile Manufacturers), the global automotive market rebounded...
Open the catalog to page 3SIFCOR GROUP DPEF, FY 2023 A - WORD FROM THE PRESIDENT Our family group was founded in the 1880s, with the establishment and modernisation of industrial facilities for the production of cutlery preforms in Nogent in HauteMarne, to move strategically in the 1950s towards the growing automotive sector which would allow its significant industrial and commercial development. The SIFCOR Group is made up of subsidiaries of Forges de Courcelles and AMIS, representing two major stages of integration and technological evolution. Starting from the origin of hot stamping for the forging of medium series...
Open the catalog to page 4SIFCOR GROUP DPEF, FY 2023 key theme, actively involving our subsidiaries through a bottom-up approach: Environment (E), Social (S) and Governance (G). At this point, a gap analysis is being developed to better understand areas for improvement and align our practices to the new requirements. At the same time, we have undertaken rigorous work to build a strong and pragmatic CSR (Corporate Social Responsibility) policy. In 2024, we will also focus on enhancing our CSR program through impactful communication, aimed at strengthening our engagement and transparency with all our stakeholders. With...
Open the catalog to page 5SIFCOR GROUP DPEF, FY 2023 B - OUR PRESENCE IN THE WORLD As a supplier and strategic partner, we support automotive manufacturers and suppliers with an industrial and commercial presence in Europe, China and India. Our essential components for motors, differential housings, gearboxes and suspension parts meet the highest safety standards, and can be machined, processed and assembled. The ambition is to pursue profitable and sustainable development through selective internal growth and strategic partnerships in target markets, while prioritising proximity to minimise our carbon footprint. This...
Open the catalog to page 6SIFCOR GROUP DPEF, FY 2023 The satisfaction of our customers is the main guarantee of our sustainability. Our commitment is to offer them the best technical solutions, total quality, service and competitiveness. We support them in their development and offer them innovative solutions to address their problems. By combining the understanding of their current and future needs with the mastery of materials and our know-how, we offer them the most effective solutions. By striving for excellence in all areas of the company, we guarantee the satisfaction of our customers. Since its creation, the Group...
Open the catalog to page 7SIFCOR GROUP DPEF, FY 2023 MACHINING/ASSEMBLY: the machining and assembly of components to our forged products are carried out in-house or subcontracted under project management, making it possible to supply products that can be used directly on our customers' assembly lines. TOOLS: The forging activity within the Group is accompanied by the design and integrated manufacture of our own tools, the heart of our know-how, source of autonomy, control of forging processes and optimisation of their consumption. In an increasingly competitive environment, agility, flexibility and profitability are key....
Open the catalog to page 8SIFCOR GROUP DPEF, FY 2023 G - OUR VALUES The commitment of our companies to social responsibility has also led us to identify the values of our organisation through: 1- Actions carried out for the satisfaction of our customers, the main guarantee of our sustainability, by working on the best product-services synthesis in terms of technical solutions, total quality, service and competitiveness, while supporting them in their development by offering them innovative solutions to meet their criteria. 2- Our employees, our main asset, thanks to their involvement, which is at the heart of our performance....
Open the catalog to page 9SIFCOR GROUP DPEF, FY 2023 Four CSR issues were selected, helping to create a common culture: - Economic performance, quality and ethics The development of employees Anchoring in local life Respect of the environment The risks highlighted through these four issues are validated by the Group President and remain a priority in a turbulent context of multiple crises that significantly affect SIFCOR's industrial activities. SIFCOR Société Industrielle & Financière de Courcelles 52800 Nogent (F) www.sifcor.fr
Open the catalog to page 10SIFCOR GROUP DPEF, FY 2023 I - POLICIES AND RESULTS1 - ECONOMIC PERFORMANCE, QUALITY AND ETHICS ETHICAL RULES IN BUSINESS From January 2020, the SIFCOR Group will implement an anti-corruption program in accordance with the SAPIN II law. It extends to all its subsidiaries and concerns all its employees, customers, suppliers and partners. Since the end of 2023, the SIFCOR Group has instituted a Code of Ethics applicable to all its subsidiaries, thus consolidating our commitment to responsible and sustainable business practices. This Code of Ethics is based on four fundamental principles: 1. Respect...
Open the catalog to page 11SIFCOR GROUP DPEF, FY 2023 of our customers and suppliers. As such, each day we work to maintain close and long-term relationships with our partners. It also requires a high level of quality to guarantee economic performance and the sustainability of the company. Finally, adherence to specific ethical rules is essential to create the conditions for a mutually beneficial relationship with each of our stakeholders. The quality approach taken by the Group over the past 35 years makes it possible to strive for a high level of customer satisfaction. In fact, our quality system organised by process...
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