Distribution of value created by TITAN Group in 2011
Total value created in 2011 was €1026.6 million and distributed to key stakeholders as follows:
- To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law: €218.1 million
- To local and international suppliers: €642.9 million
- For new investments in fixed assets: €58.1 million
- To state and local authorities through taxation: €82.6 million
- Return to shareholders and minorities: €24.9 million
Highlighting the importance of volunteering and wellness, TITAN America developed the TITAN Team Challenge program, which is an opportunity for TITAN America employees to help others in need, while at the same time exercising. This program is a voluntary walking program intended to support good health habits, while raising money for employees’ favorite charity.
Following the formation of small walking teams (consisting of six team members) from different locations across the Florida Business Unit, each team reported its weekly total steps, over the course of twelve weeks. In total, 269 employees took part in this competition, making in total 172,566,713 steps. The 44 teams that participated in this voluntary program is about 1/3 of Florida Business Unit’s employees.
At the end of these twelve weeks, the winning team was announced, receiving a pay check in order to offer it to a selected charity. This program has created a high degree of excitement and has driven awareness related to wellness and individual health being.
TITAN America employees have a long and fruitful experience in volunteering. In 2011, employees have volunteered to cook meals at the Ronald McDonald House. The mission of Ronald McDonald House Charities (RMHC) is to create, find and support programs that directly improve the health and well being of children for the last 36 years. The Ronald McDonald House program provides a “home-away-from-home” for families in order to stay close by their hospitalized child at little or no cost. These houses are built on the simple idea that nothing else should matter when a family is focused on healing their child – not where they can afford to stay, where they will get their next meal or where they will lay their head at night to rest. TITAN America employees from the Corporate Center raised $2,223 for Jeans Day, in support of the Ronald McDonald House.
TITAN America’s Corporate Center hosted the 2nd Annual American Red Cross Blood Drive. During this initiative, 13,800 units of blood were collected from TITAN America’s Corporate Center employees and other community members, which is estimated that it could potentially save 4,600 lives.
In addition, the 1st Annual Lemon-Aid stand was also hosted in TITAN America, raising over $500 to donate to Children’s Hospital of the Kings Daughter in support of finding the cure for cancer.