GRI Disclosure Tables

Annual Report 2012
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Economic

467.png Indicates core indicators 464.png Indicates additional indicators 460.png Indicates core indicators that are partially met

GRI G3 Disclosure TITAN Reference
Economic performance
EC1 - Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments.
EC2 - Financial implications and other risks and opportunities for the organization’s activities due to climate change.
EC3 - Coverage of the organization’s defined benefit plan obligations.
EC4 - Significant financial assistance received from government
  • No financial support was received from government in 2012
Market presence
EC5 - Range of ratios of standard entry level wage by gender compared to local minimum wage at significant locations of operation.
EC6 - Policy, practices, and proportion of spending on locally-based suppliers at significant locations of operation.
  • Engaging with suppliers
  • TITAN’s definition of locally-based supplier: Providers of materials, products, and services that are based in the same geographic market as the reporting organization (i.e., no trans-national payments to the supplier are made). The geographic definition of ‘local’ may vary because, in some circumstances, cities, regions within a country, and even small countries could be reasonably viewed as ‘local’ (GRI). The definition of “local” within our data collection system was provided in this form for the collection of 2013 data. Consequently, such data are not available yet. However, we can estimate that in respect to the proportion of global to local suppliers is at a minimum of 15% for Southeastern Europe, while for the U.S. is zero.
EC7 - Procedures for local hiring and proportion of senior management hired from the local community at locations of significant operation.
  • All senior managers are hired from local community. Expatriates support the integration of new plants or acquisitions into the Group. In 2012 only 2 senior managers were expatriates.
Indirect economic impact
EC8 - Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, inkind, or pro bono engagement.
EC9 - Understanding and describing significant indirect economic impacts, including the extent of impacts.
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