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ESG PERFORMANCE ASSESSMENT

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.

CDP

For the first time in 2020, we responded to CDP climate change and water security questionnaires.

CDP, formerly Carbon Disclosure Project, is a non-profit organization that enables organizations to manage their environmental impacts. CDP runs the global environmental disclosure system and supports thousands of companies, cities, states and regions each year to measure and manage their risks and opportunities on climate change, water security and deforestation.

MSCI

As of June 25, 2021, Titan Cement International received an MSCI ESG Rating of AA. 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 of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

SUSTAINALYTICS

In May 2020, Titan Cement International S.A. received an ESG Risk Rating of 28.6 and was assessed by Sustainalytics to be at medium risk of experiencing material financial impacts from ESG factors. The  score places us 13th out of 104 construction materials companies assessed by Sustainalytics.

Sustainalytics, a Morningstar company, is a leading ESG research, ratings and data firm. Its ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks.

Copyright ©2020 Sustainalytics. All rights reserved. This website contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

Refinitiv

In October 2020, Titan Cement International S.A was ranked 9th in the construction materials sector across Europe and America, with a B+ score.

ESG scores from Refinitiv, a global provider of financial markets data and infrastructure, are designed to transparently and objectively measure a company’s relative ESG performance, commitment and effectiveness across 10 main themes (emissions, environmental product innovation, human rights, shareholders, etc.) based on publicly-reported data.

ISS

In June 2021, Titan Cement International S.A received the following scores by the ISS Environmental, Social, and Governance QualityScore:

A score of 1 indicates better disclosure and lower risk, while a 10 indicates worse disclosure and higher risk versus its industry group.

In ISS ESG Corporate Rating, last updated on 26th January 2021, TITAN has overall been assessed as a company with a very high transparency level and received an overall rating of C with a decile rank of 2, indicating a high relative ESG performance in its industry group.

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.

Disclaimer:
All logos, trademarks, service marks or index names used in this website are the property of their respective owners and are used for informational purposes only. The use of the such logos, trademarks, service marks or index names in this website does not constitute a sponsorship, endorsement, recommendation, or promotion of Titan Cement International S.A. or any of its subsidiaries by any of the respective owners of the logos, trademarks, service marks or index names.

YOU MAY READ MORE ABOUT OUR
ESG PERFORMANCE AT OUR INTEGRATED
ANNUAL REPORT 2020