Social performance

Compare to Report 2010

Supplies of raw materials, energy, goods and services are important for TITAN operations and business continuity. The majority of suppliers, including contractors and sub-contractors is local. Accordingly, almost 60% of total annual expenditures for supplies is directed to local suppliers. The Group procurement policy aims at ensuring a sustainable supply chain and thus assumes that key suppliers, and particularly those closer to TITAN’s sphere of influence, like contractors, acknowledge and respect TITAN’s social and environmental standards. To this end, the Group Code for Procurement is communicated to all potential suppliers and specific criteria like safety performance are used for evaluation of suppliers’ performance. TITAN suppliers are invited to participate in multi-stakeholder fora and annual independent and third-party assessments of TITAN’s overall performance.

Moreover, internal assessments for health, safety and environmental risks carried out at all TITAN operations include contractors working for TITAN. In 2011, about 30% of the total number of main contractors for cement plant quarries was included in the scope of health, safety and environmental audits. TITAN invests systematically in raising awareness and supports suppliers to continuously adapt to higher standards. This long-term endevor is leading the integration of new management systems according to SA8000 in Albania, the inclusion of suppliers in internal and external assessment and auditing procedures, as well as in health, safety and environmental risk assessment programs.

Furthermore, TITAN participates actively in the implementation of CSR Europe’s collaborative venture on responsible supply chain and human rights, launched in 2011 in the framework of the ENTERPRISE 2020 initiative.