TITAN Cement Group Published its 2021 Integrated Annual Report
TITAN Cement Group has recently 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 the integrated reporting, TITAN aims to offer a holistic view of how the Group’s strategy, governance, performance, and prospects lead to the creation of shared value over the short, medium, and long term for all stakeholders.
TITAN 2021 Integrated Annual Report highlights:
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.
Development of a Sustainable Supply Chain Roadmap to ensure that key suppliers meet the Group’s ESG standards.
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For more information:
Project Manager, Sustainability Management
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