In December 2021, Titan Cement International S.A. was recognized by CDP as a global climate leader for its transparency, climate actions and transition to a net zero carbon economy. With an “A-” score, TITAN was ranked in the top 15% of publicly disclosing companies globally, being one of only five Cement sector companies (out of 27) to achieve this level in 2021.

CDP, formerly Carbon Disclosure Project, is a global environmental impact non-profit, providing a platform for companies, cities, states and regions to report information on their climate, deforestation and water security impacts. It holds the world’s richest and most comprehensive dataset on how companies, cities, states and regions measure, understand and address their environmental impacts.


As of August 02, 2022, and for a second 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 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.


In September 2021, Titan Cement International S.A. received an improved ESG Risk Rating of 27.9 and  was assessed by Sustainalytics to be at medium risk of experiencing material financial impacts from ESG factors. The  score places us 16th out of 119 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 ©2021 Sustainalytics. All rights reserved. This website contains information developed by Sustainalytics ( ). 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 .

Moody’s ESG Solutions

In November 2021, Titan Cement International was ranked 5th out of 25 in the building materials’ sector by Vigeo Eiris (V.E), part of Moody’s ESG Solutions. With an ESG overall score 56/100, the company was assessed  to have a robust ESG performance and a high reporting rate (90%) compared to the sector’s average (75%).

Moody’s ESG  Solutions serves the growing global demand for ESG insights and to deliver a comprehensive, integrated suite of ESG customer products and solutions.


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.


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.

S&P Global ESG Scores

In November 2021, Titan Cement International received a score of 54/100 on a scale from 0 to 100 (best) in the 2021 S&P Global Corporate Sustainability Assessment, reflecting an improvement of 22 points over the previous year.

Τhe S&P Global Corporate Sustainability Assessment (CSA) provides detailed ESG benchmarking insights to better integrate sustainability and business strategy. S&P Global ESG Scores capture the nuances and differences of policies and programs and in-depth ESG information.

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.