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Focusing on sustainability
Environmental protection is key to our sustainable business model. We are always looking to make our operations as efficient as possible, and to continuously improve in areas with potential environmental impacts, such as water and energy use, local biodiversity protection, waste management and emissions abatement.
The implementation of an environmental management system (EMS) allows us to improve the monitoring and reporting of our environmental impacts. All our cement plants are certified under ISO 14001, the international standard that specifies the requirements for an effective EMS or, in the USA, implement a system aligned with local regulatory requirements.
Our Environmental Policy reflects our commitment to sustainable development and our approach towards addressing the challenges and opportunities of climate change.
Main elements of our environmental policy include: assessment impacts, quarry rehabilitation, protection of local biodiversity, conservation and stewarding of water resources, resource recovery and managing waste, creating an environmentally responsible culture with our business partners and embedding innovation in our strategy.
Environmental Policy.pdf
Monitoring Air Emissions
We invest in the best available techniques to reduce emissions at our sites. In line with the sectoral (GCCA) commitments, we continuously monitor major potential pollutants like dust, NOx and SOx, while other pollutants are monitored using periodic spot measurements.
Preserving Natural Resources
Ten of TITAN’s quarries have been recognized as areas of high biodiversity value. We are implementing Biodiversity Management Plans for nine of them in line with the sectoral (GCCA) Guidelines, while we are working to complete the assessment process and relevant Biodiversity Management Plan for the remaining site.
Optimizing Water Use
Because we use a significant amount of water, particularly in our production plants, we’ve implemented management systems to monitor and optimize our water use, ensuring we report water data in line with the sectoral (GCCA) guidelines. Since 2010, we have introduced tools, such as the Integrated Water Management System (IWMS), to monitor and optimize water use across our sites.
TITAN has made significant progress in contributing to a circular economy model throughout the entire life cycle of its products and in developing synergies with other industries. We apply the principles of prevention, reduction, reuse, recycling and recovery to minimize our own waste and, at the same time, to efficiently use natural resources in our production process.
Alternative Fuels
Use of waste and other industrial by-products as alternative raw materials and fuels in clinker and cement production.
Recyclable Material
Use of concrete construction & demolition waste as an alternative for aggregates in cement and concrete production, as concrete is 100% recyclable.
Efficient Resources
Use of concrete, a durable and resilient building material that offers improved resource efficiency during a building’s use phase.
Waste Management
Minimization of the waste produced by TITAN Group as part of everyday activities through its collection, storage and disposal by authorized contractors for recovery, reuse or recycling.
We are committed to continuously improving our sustainability performance and further aligning our targets with the expectations of our stakeholders. We regularly review our approach to the issues that are most material to them and we seek and value feedback from independent ESG (Environmental, Social, Governance) rating agencies.
In February 2024, and for a second consecutive year, Titan Cement International S.A., received a top “A” score on climate action by the carbon disclosure non-profit organization CDP, in recognition of its leadership in corporate transparency and performance on climate change. TITAN is one of the 346 companies across all sectors that achieved this level in 2023, out of nearly 21,000 companies scored. Furthermore, TITAN Group achieved an “A-” score for water security and it is one of only three companies in its sector to attain top scores in both categories.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.
In December 2023, Titan Cement International S.A. scored 63/100 in the S&P Global Corporate Sustainability Assessment, a 4-point improvement from 2022, ranking in the top 10% of the construction materials industry. Notable sub-scores include 91 in climate strategy and 80 in sustainable construction.
In December 2023, Titan Cement International S.A. scored 63/100 in the S&P Global Corporate Sustainability Assessment, a 4-point improvement from 2022, ranking in the top 10% of the construction materials industry. Notable sub-scores include 91 in climate strategy and 80 in sustainable construction.
In August 2023, and for a third consecutive year, Titan Cement International received an MSCI ESG Rating of “AA”, recognized as aleader, with one of the top scores in our peers’ group. MSCI ESG Research provides ESG Ratings on global public and a few private companies on a scale of “AAA” (leader) to “CCC” (laggard), according to…. exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. Learn more about MSCI ESG ratings here.
Disclaimer statement. The use by Titan Cement International S.A. of any MSCI ESG research llc or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Titan Cement International by MSCI. MSCI services and data are the property…
In April 2024, Titan Cement International S.A. received, for the second consecutive year, “Prime” status in ISS ESG Corporate Rating, positioned at the top 10% of the construction materials sector with a C+ score. Fulfilling ISS ESG’s demanding requirements regarding sustainability, TITAN is… assessed as a company with strong performance in managing ESG risks and opportunities and a very high transparency level.
ISS ESG is a data-driven scoring and screening solution designed to measure and identify areas of environmental and social risk through company disclosure. Scores provide an indication of relative quality compared to industry peers and are supported by factor-level data that is critical to the research process.
In April 2024, Titan Cement International S.A. received, for the second consecutive year, “Prime” status in ISS ESG Corporate Rating, positioned at the top 10% of the construction materials sector with a C+ score. Fulfilling ISS ESG’s demanding requirements regarding sustainability, TITAN is… assessed as a company with strong performance in managing ESG risks and opportunities and a very high transparency level.
ISS ESG is a data-driven scoring and screening solution designed to measure and identify areas of environmental and social risk through company disclosure. Scores provide an indication of relative quality compared to industry peers and are supported by factor-level data that is critical to the research process.
In April 2024, Titan Cement International S.A. received, for the second consecutive year, “Prime” status in ISS ESG Corporate Rating, positioned at the top 10% of the construction materials sector with a C+ score. Fulfilling ISS ESG’s demanding requirements regarding sustainability, TITAN is… assessed as a company with strong performance in managing ESG risks and opportunities and a very high transparency level.
ISS ESG is a data-driven scoring and screening solution designed to measure and identify areas of environmental and social risk through company disclosure. Scores provide an indication of relative quality compared to industry peers and are supported by factor-level data that is critical to the research process.
In December 2023, Titan Cement International S.A. received an increased overall ESG score of 64/100 by Moody’s Analytics (56/100 in 2021), 18 points higher than the European Building Materials sector average. Also, Moody’s Analytics evaluated the Group’s strategy to manage risks and opportunities related to the transition to a low… carbon economy, with an “advanced” energy transition score (68/100).
Moody’s Analytics provides trusted and transparent data and perspectives across multiple areas of risks-credit, climate, environmental, social and governance (ESG)-to help market participants identify opportunities and manage continuously evolving risks of doing business.
In March 2024, Titan Cement International S.A. received a 71/100 ESG score by LSEG data & analytics, ranked 17th out of 120 construction materials companies.
LSEG ESG Scores are designed to transparently and objectively measure a company’s relative ESG performance, commitment and effectiveness across 10 main themes, based on publicly available and auditable data.
In December 2023, TITAN Cement International S.A. has achieved a remarkable 95% ESG Transparency Score, accredited by ATHEX ESG, solidifying our position among top performers.
Listed companies on the Athens Stock Exchange are evaluated based on the level of transparency they exhibit according to the “ESG Transparency Methodology” and their ESG Transparency Score is considered as a criterion for inclusion in the composition of the ATHEX ESG index.
In April 2023, TITAN achieved platinum-level recognition for its exemplary transparency regarding ESG issues in the Forbes Transparency Index. This distinction was based on a survey conducted among the top 100 companies in Greece.
Clear roadmap with value-generating initiatives across the value chain
Safeguarding and enhancing the profitability of our assets
Differentiating our offering to add value to the customer
Discovering new green growth avenues
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