< F.Y.R. of Macedonia
Recognition for continuous efforts
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
TITAN Usje was the recipient of most awards at the National Awards for Best Socially Responsible Practices in 2010, organized on October 26, 2011 by F.Y.R. of Macedonia’s National CSR Coordinating Body. TITAN Usje won the National Award for the Best Socially Responsible Practices for 2010 in the category of Environmental Protection for large companies, for the project “Biodiversity of artificial lakes in Cementarnica Usje”.
In addition, TITAN Usje also received three accolades for the following projects: “Partnership with Schools” in the category of Investing in the Community, “Occupational Safety and Health of our Employees” in the category of Employee Relations, and “Corporate Governance” in the category of Ethical Management.
In total, 38 companies applied with 63 projects in the five main categories.
These awards are a verification of Usje’s efforts and commitment to being a responsible corporate citizen and to contributing for the growth and the well being of all stakeholders, the environment and the society as a whole.