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For TITAN, building positive relations with suppliers and promoting corporate social responsibility and sustainability principles and practices throughout its supply chain, is a long-term commitment that has inspired a number of initiatives (see the Networking and Partnership).

In 2008, the TITAN Group developed further initiatives concerning responsible supply chain management, in line with the new Group Code for Procurement  that was presented to all main suppliers.

Focused on increasing awareness and engaging in a joint effort to support developments throughout the supply chain and particularly SMEs, TITAN adopted a three-year long supply chain initiative which can be summarized as follows:

  • Identify key priorities and concerns with respect to the application of the 10 Global Compact principles. 
  • Communicate practices developed and followed to address key issues and priorities. 
  • Declare willingness and commitment to company-level or collective CSR initiatives. 
  • Participate in B2B workshops and other joint efforts or programs to develop know-how and expertise to facilitate the integration of corporate social responsibility and sustainability endeavours in their decision-making and operations.

The response of suppliers invited by TITAN to participate in this initiative has been partially satisfactory.

However it is considered necessary to continue with bilateral meetings and focused workshops, in order to reach a better level of understanding in this field. The TITAN Group has elaborated a three-year long skills development action plan which is expected to cover the majority of suppliers and meet expectations for strengthening collaboration and joint efforts, at least within the sphere of TITAN’s influence.