18/07/2022
ΤΙΤΑΝ Greece: New milestones in Sustainable Development in 2021
The 2021 Annual Sustainable Development Report of TITAN Group's Greek Business Unit presents its robust ESG performance and milestones in the year, highlighting the company’s enduring commitment to sustainable development
TITAN Group's Greek Business Unit publishes its Sustainable Development Report focusing on Greek operations for 2021, thus complementing the ongoing communication of the Group’s financial and non-financial performance.
The Report includes all aspects of the business activities of TITAN and INTERBETON, presenting the progress towards the accomplishment of our Environmental, Social and Governance (ESG) goals and highlighting the main achievements attained in 2021, with a view to creating sustainable and long-term value for our stakeholders.
In 2021 TITAN's results in Greece were enhanced by higher domestic cement sales, increased exports, the extended use of alternative fuels, and improved operational performance, driven by the utilization of innovative digital technologies.
The full report is available (only in Greek) here.
Key highlights from the 2021 Sustainable Development Report of TITAN Group's Greek Business Unit:
- Implementation of new investments amounting to EUR 20 million in cement plants to increase the use of alternative fuels and raw materials, in line with the actions aimed at the accomplishment of long-term environmental performance excellence and our contribution towards the mitigation of climate change. Specific net CO2 emissions (Scope 1) were reduced by 10.8% compared to 1990 levels.
- Roll-out of new lower-carbon cement types both in the domestic market (CEM II/B-M (P-LL) 42.5 N) and for exports, especially to the United States (TYPE IL). Issuance of Environmental Product Declarations (EPDs) for cement products and for the most popular ready-mix concrete products in Greece.
- Contribution to the circular economy through the substitution of aggregates with demolition materials, the disposal and return of concrete, and the successful diversion of virtually 100% of all clinker-cement plant waste from landfills, receiving the highest Platinum rating under the ‘Zero Waste to Landfill’ certification standard.
- Utilization of state-of-the-art technologies in the implementation of innovative projects, such as real-time Cement Mill Optimization (CMO) and artificial intelligence solutions for failure prediction in the context of enhancing and expanding the Group's digital transformation.
- Firm commitment to safety issues, with the company's LTI frequency rate at zero level. Emphasis on employees' personal development, health and welfare, with numerous actions aimed at their training, self-help and well-being.
- Launch of over 40 initiatives and actions in the context of Community Engagement Plans, involving about 47,000 stakeholders in areas where the Group operates.
- Updating the biodiversity risk assessment for the company’s cement plants and quarries. Biodiversity management plans have already been drawn up for six of the eight facilities, in collaboration with independent Greek scientific organizations, while two new studies began in 2021.
- Continuous support of young people with initiatives for their education, training and employability, such as the TITAN UP Graduate Trainee Program and the renewal of 7 Protocols of Cooperation with higher educational institutions. In 2021 TITAN offered 106 internships at its centres of operation in Greece.