We consider that measuring performance against set targets and objectives is a significant factor for self-improvement. Thus we engage with experts and stakeholders seeking meaningful ways to understand and record the added value created for TITAN and its stakeholders. This is a long-term, on-going and challenging process which initiates change at all levels.
In 2012, we moved a step further, engaging in a review of the socio-economic impacts of TITAN operations, along with the impact on the environment. We requested stakeholders to provide us with feedback, so as to develop a meaningful way to record, measure and report these impacts.
Distribution of value created by TITAN Group 2008 - 2012
|To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law||267.3||235.1||239.1||218.1||215.4|
|To local and international suppliers||936.6||768.0||801.8||642.9||725.0|
|For new investments in fixed assets||209.1||180.0||87.2||58.1||51.0|
|To state and local authorities through taxation||102.7||124.9||90.0||82.6||65.2|
|Return to shareholders and minorities||35.5||15.2||17.2||24.9||19.1|