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
- Τo state and local authorities through taxation: €82.6 million
- Return to shareholders and minorities: €24.9 million
TITAN Group standards
Non-discrimination
Prohibit discrimination in all employment-related practices.
Working hours
Respect the right to leisure and avoid excessive overtime.
Wages and benefits
Guarantee a wage that – at a minimum – meets national legal standards and additional benefits responding to the needs of the majority and local priorities.
Apply appropriate disciplinary
measures.
Prohibit harassment.
Child labor
Prohibit employment of under 18-year olds.
Forced labor
Prohibit any type of forced or bonded labor.
Freedom of association
Respect the right of people
to form and join associations
and to bargain collectively.
