The single annual report 2021 was published by the TITAN group which presents the financial results of the Group in combination with its performance in matters of environment, society and governance (ESG).
In 2021, the TITAN group increased its turnover to record levels and remained on track to meet the ESG targets for 2025 and beyond. “Through the publication of the Single Annual Report, Titan aims to provide a comprehensive and clear presentation of the ways in which the group’s strategy, good governance, business ethics, performance and prospects contribute to value creation for all its participants. , short-term, medium-term and long-term “is noted by the group.
The main elements of the report are the following:
– Record levels for the group’s turnover amounting to 1,714.6 million euros, an increase of 6.7%, reflecting the highest demand and improved price levels in all regions.
– Increase in net profit after tax and minority interests (NPAT) to € 91.9 million (compared to € 1.1 million after one-off charges of € 63.9 million in 2020 and € 50.9 million in 2019), mainly thanks to the successful refinancing of borrowing and the more favorable exchange rate fluctuations.
– Focus on value creation for shareholders through the cancellation of own shares, the purchase of own shares as well as the return of capital of 0.50 euros per share.
– Reduction of carbon footprint by 4% (special emissions Scope 1 & 2), in the process of achieving the Group’s goals by 2030.
– Validation of CO2 emission targets by the Science Based Targets (SBTi) initiative. Titan is one of the first international cement companies to receive this ratification.
– Signing of the letter “Business Ambition for 1.5 ° C”, with which the group commits to work together with leading companies worldwide to curb global warming to 1.5 ° C and achieve zero (net) ) carbon emissions by 2050.
Recognition by the CDP with “A-” as one of the companies leading the world in tackling climate change thanks to the transparency that governs the Group and its actions towards a carbon-neutral economy.
Start publishing financial climate information in line with the recommendations of the TCFD and the EU Taxation Regulation.
– Digital transformation of cement production with the application of artificial intelligence and machine learning systems: Installation in all production units of new artificial intelligence solutions for the optimization and prediction of failures in real time, contributing to the increase of productivity and the improvement of energy efficiency.
– Development of a Roadmap for a Sustainable Supply Chain, to ensure that the main suppliers meet the ESG standards set by the group.
– Implementation of 142 initiatives in the local communities where Titan is active, resulting in the benefit of over 400 thousand people.
Source: Capital
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