In February 2024, and for a second consecutive year, Titan Cement International S.A., received a top “A” score on climate action by the carbon disclosure non-profit organization CDP, in recognition of its leadership in corporate transparency and performance on climate change. TITAN is one of the 346 companies across all sectors that achieved this level in 2023, out of nearly 21,000 companies scored. Furthermore, TITAN Group achieved an “A-” score for water security and it is one of only three companies in its sector to attain top scores in both categories.
CDP is a global non-profit 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.
In August 2023, and for a third 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 July 2023, Titan Cement International S.A. was upgraded to “Prime” status in ISS ESG Corporate Rating, positioned at the top 10% of the construction sector with a C+ score.
Fulfilling ISS ESG’s demanding requirements regarding sustainability, TITAN is assessed as a company with strong performance in managing ESG risks and opportunities and very high transparency level.
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.
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 independent ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies.
S&P GLOBAL CSA SCORE
In December 2023, Titan Cement International S.A. scored 63/100 in the S&P Global Corporate Sustainability Assessment, a 4-point improvement from 2022, ranking in the top 10% of the construction materials industry. Notable sub-scores include 91 in climate strategy and 80 in sustainable construction.
Τhe S&P Global Corporate Sustainability Assessment (CSA) provides detailed ESG benchmarking insights to better integrate sustainability and business strategy. S&P Global CSA Scores capture the nuances and differences of policies and programs and in-depth ESG information.
In December 2023, Titan Cement International S.A. earned the Silver Badge from EcoVadis, which places TITAN in the top 12% of companies rated in the Manufacture of cement, lime and plaster industry.
The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. More than 85,000 companies globally have been rated by EcoVadis.
In December 2023, Titan Cement International S.A. received an increased overall ESG score of 64/100 by Moody’s Analytics (56/100 in 2021), 18 points higher than the European Building Materials sector average. Also, Moody’s Analytics evaluated the Group’s strategy to manage risks and opportunities related to the transition to a low carbon economy, with an “advanced” energy transition score (68/100).
Moody’s Analytics provides trusted and transparent data and perspectives across multiple areas of risks-credit, climate, environmental, social and governance (ESG)-to help market participants identify opportunities and manage continuously evolving risks of doing business.
In February 2023, Titan Cement International S.A. was ranked 16th out of 110 construction material companies, in Refinitiv’s ESG Peer Analysis with a 70/100 ESG 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.
ATHEX ESG INDEX
In December 2023, TITAN Cement International S.A. has achieved a remarkable 95% ESG Transparency Score, accredited by ATHEX ESG, solidifying our position among top performers.
Listed companies on the Athens Stock Exchange are evaluated based on the level of transparency they exhibit according to the “ESG Transparency Methodology” and their ESG Transparency Score is considered as a criterion for inclusion in the composition of the ATHEX ESG index.
FORBES TRANSPARENCY INDEX
In April 2023, TITAN achieved platinum-level recognition for its exemplary transparency regarding ESG issues in the Forbes Transparency Index. This distinction was based on a survey conducted among the top 100 companies in Greece.
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