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 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 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.
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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