Committed to serving some of society’s most fundamental needs, we provide the materials to build structures and physical infrastructures which, in turn, provide shelter, enable commerce and foster connectivity.
We believe that the long-term growth of our company can only be achieved through a sustainable and inclusive business model, guiding us to spread a positive impact on people, society and the environment.
People are at the core of TITAN’s business strategy. Built on mutual trust, reliability, and shared values, our business is a place that enables people to develop.
TITAN Cement Group published its 2021 Integrated Annual Report (IAR), which outlines the Group’s financial, as well as environmental, social and governance (ESG) performance. TITAN generated record revenues in 2021 and is well on track to achieve its ESG targets for 2025 and beyond, having made tangible progress in all focus areas: decarbonization and digitalization, growth-enabling work environment, positive local impact and responsible sourcing.
Through integrated reporting, TITAN aims to offer a holistic view of how our Group’s strategy, governance, performance and prospects lead to the creation of shared value over the short, medium and long term for all our stakeholders.
TITAN Cement Group published its 2021 Integrated Annual Report is available here.
TITAN 2021 Integrated Annual Report highlights:
Record Group revenue of €1,714.6m, up 6.7%, reflecting higher demand and supportive pricing across all regions
Increase of NPAT to €91.9m* (vs €1.1m in 2020 after €63.9m one-off charges and vs €50.9m in 2019) supported by lower finance costs and FX result
Focus on shareholder value through share buy-backs, cancellation of treasury shares and capital return of €0.50 per share
Carbon footprint reduction by 4% (Scope 1 & 2) on course to achieve the Group’s 2030 targets
TITAN among the first cement companies worldwide with CO2 reduction targets validated by the Science Based Targets initiative (SBTi). TITAN signed the “Business Ambition for 1.5°C” Commitment letter, joining a number of leading companies seeking to keep warming to 1.5°C and reach net-zero emissions by 2050
Recognition by CDP as a Global Climate Leader (A-) for the transparency and actions to mitigate climate change. TITAN started implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and EU Taxonomy Regulation**
Digitalization of cement manufacturing through AI and Machine Learning: Rollout of AI-based real-time optimizers and failure prediction solutions across production facilities, yielding gains in productivity and energy efficiency
Development of a Sustainable Supply Chain Roadmap to ensure that key suppliers meet the Group’s ESG standards
142 initiatives in local communities benefiting more than 0.4 million people
* Figures have been restated upwards as a result of the completion of the audit.
** The EU taxonomy is a classification system, establishing a list of environmentally sustainable economic activities. It could play an important role helping the EU scale up sustainable investment and implement the European green deal.
