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.
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.
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.
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:
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.
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