Group Performance

In 2012, TITAN Group social and environmental performance continued to evolve around the “Do less harm – Do more Good – Win-Win” paradigm.

Our social performance in 2012 was unfortunately marred by an unprecedented accident in U.S.A. that cost the life of one of our employees. This was a strong reminder that we always have to be alert and seek for improvement.
On other fronts:

• employee turnover remained low
• training man-hours for our employees and contractors increased, particulalry in respect to safety at work
• updated Group Code of Conduct supports further integration of international standards and best practices

Group environmental performance in 2012 resulted in the improvement of specific dust emissions, specific SO_x emissions and specific water consumption, as well as in an increase of alternative fuels. On the other hand there was a deterioration in gross direct CO_x emissions and specific NO_x emissions, driven by the market mix of the Group production and sales in 2012.

Based on the current business climate and in keeping with our commitment to honestly and openly communicate with our stakeholders, the Group CSR Committee approved a new plan to review existing sustainability targets and priorities moving towards 2020. In the current difficult conditions, this move is a demonstration of responsibility to all our stakeholders.
 

TITAN Group Performance vs. Targets 2011-2015/2017

ENVIRONMENTAL PERFORMANCE	2011	2012	Progress	Group Target
				2015	2017
Gross direct specific CO2 emission (kg/tProduct)	625.4(1)	662.7(1)		628
Specific dust emission (g/tClinker)	159.2	83.9		95
Specific NOx emission (g/tClinker)	1,705.9	1,836.4		1,670
Specific SOx emission (g/tClinker)	241.9	197.4		240
Specific water consumption (lt/tCement)	347.7	298.4		350
Use of alternative fuels (%Thermal basis)	1.56	3.03			10
ISO 14001 certified or equivalent of all wholly owned (in 2009) cement plants (%)	92	100		100
ISO 14001 certified or equivalent of all wholly owned (in 2009) active quarries for cement plants and aggregates (%)	98	98		100
ISO 14001 certified or equivalent of all wholly owned (in 2009) dry mortar production facilities (%)	100	100		100
Develop an Environmental Impact Assessment Study, (EIAS), and implement a Rehabilitation Plan, (RP) for all wholly owned (in 2009) active quarries for cement plants and aggregates (%)	60	63		100
Develop and apply integrated water management system to all cement and ready-mix plants by 2012	80	90		100
SAFETY PERFORMANCE
Fatalities (directly employed)	0	1		0
Fatalities (contractors)	1	0		0
Fatalities (third parties)	0	0		0
Aim to be consistently among the top quartile best performers of WBCSD/CSI me­m­bers in terms of Lost Time Injury Frequency Rate (LTIFR)2	1.49	1.38		0.68

Actions underway Target achieved Target not yet achieved Moving target

1 All figures have been revised in accordance to WBCSD/CSI Protocol (version 3.0), so as the amount of ProAsh^® sold to be included instead of the amount produced.
2 This target is reviewed every year according to top quartile performance of WBCSD/CSI members.

In 2009, as Group performance was achieving the set targets, the Group CSR Committee decided to revise its aims while adding new ones related to the rate of alternative fuel substitution and water consumption. The new targets were calculated taking into account new acquisitions, equity changes and new kiln lines that became operational in the meantime. TITAN Group is committed to achieve these by 2015, except for the alternative fuels substitution rate that is targeted for 2017.

Accordingly, all data referring to Group social and environmental performance against targets are based on the 2009 equity base.