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Aerial photo of a park with people walking and laying on the grass
Aerial photo of a park with people walking and laying on the grass

ESG TARGETS 2025 AND BEYOND

Our Environmental, Social and Governance (ESG) targets for 2025 and beyond underscore our enduring commitment to sustainability and value creation for all. They focus on four pillars, defined as material by our stakeholders: De-carbonization and digitalization; Growth-enabling work environment; Positive local impact; and Responsible sourcing, all underpinned by good governance, transparency and business ethics.

TITAN’s ESG targets are aligned with the vision of the European Green Deal to achieve climate neutrality by 2050 and with the UN SDGs 2030. In continuation of our commitment to "Business Ambitions for 1.5°C" for the alignment of our climate mitigation targets with the most ambitious aim of the Paris Agreement and with what science dictates is necessary to reach net-zero global emissions by 2050, our Scope 1, 2 and 3 CO2 emissions targets have been validated by the Science Based Targets Initiative (SBTi) as consistent with reductions required to keep warming to 1.5°C.


The performance against our targets will be verified by independent auditors and our progress will be reported annually through the Integrated Report to ensure transparency of communication with the Group’s stakeholders.

* targets cover both produced and purchased cement and clinker

OUR FOCUS AREAS:

DE-CARBONIZATION AND DIGITALIZATION

We will transform our business, focusing on resilience, innovation and on building solutions to serve our customers more efficiently as we move towards a carbon-neutral, digital world

  • we will have our CO2 reduction targets1 validated by the SBTi
  • we will reduce Scope 1 (gross), 2 and 3 (gross) GHG emissions covering produced and purchased cement and clinker, by 25.1% per ton of cementitious product sold by 2030, from a 2020 base year. Within that target, we commit to reduce:
    • Scope 1 GHG emissions (gross) by 22.8% per ton of cementitious product from a 2020 base year (-35% vs. 1990 level)
    • Scope 2 GHG emissions by 58.1% per ton of cementitious product from a 2020 base year
  • we will reduce absolute Scope 3 GHG emissions from the use of sold fossil fuels by 42% from a 2021 base year
  • we commit to drive down the CO2 footprint of our operations and products aspiring to deliver society with carbon-neutral concrete by 2050
  • we will increase our annual investment in Research & Innovation to €20m

ADDRESSING MATERIAL ISSUES:

  • Future ready business model in a carbon neutral world
  • Innovation with emphasis on digitalization and de-carbonization

CONTRIBUTING TO THE SDGS:

1 In 2022, we have raised our climate ambition even further, updating our 2030 CO2 reduction targets, in line with the 1.5oC scenario
2 Scope 1: direct CO2 emissions; Scope 2: indirect CO2 emissions from electricity; Scope 3: indirect CO2 emissions of the supply chain

GROWTH-ENABLING WORK ENVIRONMENT

We will cultivate an inclusive culture with equal opportunities for all our people to grow professionally within a safe and healthy work environment

  • we strive for zero fatalities and for an employee LTIFR performance which consistently places us among the three best in our peer group1
  • we will implement initiatives addressing the physical, mental, social and financial dimensions of wellbeing for our employees, in all countries
  • we commit that 1/3 of our BoD members will be women
  • we will promote equal opportunities and inclusion and will grow by 20% the participation of women in senior roles, talent pools and new hires
  • we will offer upskilling and reskilling opportunities to 100% of our employees, especially in areas vital for sustainable growth, such as health and safety, digitalization, and decarbonization

ADDRESSING MATERIAL ISSUES:

  • Safe and healthy working environment
  • Diverse and inclusive workplace
  • Continuous development of our people

CONTRIBUTING TO THE SDGS:

1 Peer group definition: Cemex, LafargeHolcim, Argos, HeidelbergCement, CRH, Cementir, Vicat, Buzzi

POSITIVE LOCAL IMPACT

We will enable our business operations and our people worldwide to contribute to the prosperity of our local communities with respect to their social and environmental concerns

  • we will sustain and further improve our strong performance in cement production-related specific dust, NOx and SOx emissions
  • we will have quarry rehabilitation plans at 100% of our sites1 and will rehabilitate 25% of the affected areas
  • we will have quarry biodiversity management plans at 100% of our sites1 in high biodiversity value areas
  • we will have community engagement plans that are aligned with material issues for stakeholders and UN SDGs 2030 at 100% of our key operations
  • we will ensure that 2/3 of our total spend are directed to local suppliers and communities

ADDRESSING MATERIAL ISSUES:

  • Environmental positive impact
  • Social positive impact
  • Economic positive impact

CONTRIBUTING TO THE SDGS:

1 Active wholly-owned sites

RESPONSIBLE SOURCING

We will empower our business ecosystems to incorporate sustainability considerations in their business decisions and daily behaviors, while using natural resources responsibly

  • we commit to a water consumption of 280 lt/t Cementitious Products and to covering 70% of our water demand with recycled water
  • we will have 85% of our production1 covered by ISO 50001 or energy audits
  • we will have 50% of our production1 covered by “Zero Waste to Landfill” certification
  • we will ensure that 70% of our key suppliers2 meet TITAN ESG supplier standards

ADDRESSING MATERIAL ISSUES:

  • Resource efficiency, recycling and recovery, contributing to circular economy
  • Reliable and sustainable supply chain

CONTRIBUTING TO THE SDGS:

1 Production from our integrated clinker-cement plants

2 Key suppliers: critical suppliers according to GCCA Guidance for Sustainable Supply Chain management with a meaningful level of spend for TITAN