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TITAN CEMENT was among the first 500 companies worldwide, in 2002, to enter the UN Global Compact and sign the pledge.

Clearly the first principles concerning human rights, labour and the environment and later the tenth principle, combating corruption – were already imbedded in the TITAN Group values, policies and strategies. Posting on our website endeavours and achievements, but also our failures and the reasons thereof, was a logical extrapolation of our policy of disclosure.

However what was both new and inspiring, yet unusual and less easily achievable, was the Global Compact pledge to pass on these values, principles and best practices within our spheres of influence – i.e. to endeavour to reach outside the work-place, engage in public debate, share experiences, promote good practices, participate in partnership projects – or, to put it simply in TITAN jargon - to “Branch out and Add Value”.

As a result of this pledge, TITAN conceived the idea that was further developed in 2008, to help set-up national Global Compact networks. This was first applied in Greece where a TITAN’s representative chairs the Board of the Hellenic Network, which already counts over seventy members. The announcement of the founding took place in Athens last May in presence of representatives of Global Compact networks from all over Europe.
Yet branching out into SE Europe, in those countries where our Group has production facilities, required greater preparatory work. The Global Compact itself was translated into four local languages but also brochures, leaflets and training material were produced in order to facilitate seminars with managers and employees. Relevant information letters were also sent to suppliers and contractors encouraging further communication and participation in the local Global Compact Networks. In this framework, TITAN also joined the newly established national Global Compact network in FYROM, November last year.

Two major workshops were organized at the TITAN Group offices in Athens for regional managers, while a third CSR workshop took place in FYROM, with a view to identifying priority issues and opportunities, at both local and regional levels. The participants were encouraged to perform not as an audience but as active players and initiators. The result of these workshops and the feedback received from internal stakeholders are incorporated in this Report, yet new local business plans are also currently being developed.

Moreover, an overall assessment of the level of implementation of the Global Compact principles was incorporated in the process of independent assessment and report verification, as indicated (see Report Assessment and Verification).

The outcome however of this multi-sided approach to the Global Compact in SE Europe has been more than satisfactory for all concerned.

Furthermore in the light of the 60th anniversary of the Universal Declaration of Human Rights, the TITAN Group co-signed the message sent by 250 executives worldwide for the significance of the Declaration in our times and respect to human rights issues worldwide.

The TITAN Group’s progress in response to the Compact’s ten principles in 2008 is incorporated in this Report while references to the 10 principles are included in the GRI Disclosures section.

Caring for Climate         

The Business Leadership Platform

Co-launched by the Global Compact, UNEP and the World Business Council for Sustainable Development in July 2007, Caring for Climate assists companies in the development of effective climate-change policies. It also provides a channel for the business community to contribute inputs and perspectives to key governmental deliberations. The climate initiative which has been endorsed by more than 300 companies from 65 countries has two main objectives:

  • To mobilize business globally, especially in emerging markets, to take actions towards energy efficiency and a low-carbon economy through product and service strategies, supply chains and shaping accordingly consumer and public attitudes.
  • To inform, through the example of good practices, current climate negotiations, in order to contribute to the successful outcome of the Conference of the Parties (COP 15) to the UN Framework Convention on Climate Change.

The global sectoral approach for enhancing sustainable development, as it has evolved in the case of WBCSD/CSI, has been identified by the “Caring for Climate” Initiative as a unique example of best practice world-wide, underlining the significance of proactive engagement at both corporate and sectoral levels. 

Planting trees, FYROM.