In December 2022, Titan Cement International S.A. received a top “A” score on climate action from the environmental non-profit organization CDP. ΤΙΤΑΝ is one of only three cement companies globally to achieve an “A” on climate and one of the 283 companies across all sectors that achieved this level in 2022, out of nearly 15,000 companies scored. This score recognizes TITAN’s leadership in corporate transparency and performance on climate change. In addition, TITAN received an “A-“ score in water security.
CDP (former Carbon Disclosure Project) is a global environmental non-profit organization that runs the world’s environmental disclosure system for companies, cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.
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.
In December 2022, Titan Cement International S.A. received an improved ESG Risk Rating of 26.9 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 142 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.
Moody’s ESG Solutions
In November 2021, Titan Cement International was ranked 5th out of 25 companies in the European Building Materials sector by Moody’s ESG Solutions, with an overall ESG score of 56/100. The Group was assessed to have a ‘Robust’ ESG performance with a reporting rate of 90% (compared to the sector average of 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 December 2022, Titan Cement International S.A was ranked 17th out of 110 companies assessed by Refinitiv, with an ESG Score 70/100.
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 December 2022, Titan Cement International S.A received the following scores by the ISS Environmental, Social, and Governance QualityScore:
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 2022, Titan Cement International received a score of 59/100 on a scale from 0 to 100 (best) in the 2022 S&P Global Corporate Sustainability Assessment, reflecting an improvement of 30 points over the last three years.
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.
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