TITAN Cement Group published its 2020 Integrated Annual Report, which outlines the Group’s financial, as well as environmental, social and governance (ESG) performance. In 2020, TITAN delivered strong financial performance while taking care of its employees and standing by its neighboring communities. During the year, it ensured high-quality, uninterrupted customer service and accelerated progress towards its digital and sustainability aspirations.
Amidst accelerating shifts and disruptive events, such as the COVID-19 pandemic, TITAN Cement Group remains confident in its business model, effectively addressing critical challenges and playing its part in building a better, more sustainable future. Through integrated reporting, TITAN aims to share a holistic view on how the Group creates value for all its stakeholders.
The Report is available at: www.titan-cement.com/newsroom/annualreports
TITAN 2020 Integrated Annual Report highlights:
The 2020 TITAN Cement Group Integrated Annual Report (IAR 2020) has been prepared in accordance with the Belgian Law, the 2020 Belgian Code on Corporate Governance, the International Financial Reporting Standards (IFRS), and the International Reporting Standards Council (IIRC) principles for integrated reporting.
Other reporting frameworks followed by TITAN Cement Group include the UN Sustainable Development Goals (SDGs) 2030, the UN Global Compact Communication on Progress Guidelines, and the Charter and Guidelines of the Global Cement and Concrete Association (GCCA). In 2020, the Group also started reporting according to the Sustainability Accounting Standards Board (SASB).
The separate and consolidated financial statements of the IAR 2020 were audited by PwC. The ESG performance overview and statements were independently verified at a Reasonable Level by ERM Certification and Verification Services (ERM CVS), in accordance with the Charter and Guidelines of the Global Cement and Concrete Association (GCCA) and the Advanced Level criteria for Communication on Progress of the United Nations’ Global Compact (UNGC).
About TITAN Cement Group
TITAN Cement Group, is a multiregional cement and building materials producer. Business activities cover the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials. The Group employs about 5,400 people and is present in more than 15 countries, operating cement plants in 10 of them, the USA, Greece, Albania, Bulgaria, North Macedonia, Kosovo, Serbia, Egypt, Turkey and Brazil. Throughout its history the Group has aspired to serve the needs of society, while contributing to sustainable growth with responsibility and integrity.
Titan Cement International SA, is the parent company of TITAN Cement Group. For more information, visit the Group’s website at www.titan-cement.com.