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This is the 7th consecutive TITAN Group Corporate Social Responsibility (CSR) and Sustainability Report, prepared in accordance with Global Reporting Initiative (GRI). To demonstrate comprehensive performance on meeting social and environmental endeavors, this Report has also integrated the UN Global Compact Principles and the World Business Council for Sustainable Development / Cement Sustainability Initiative (WBCSD/CSI) Reporting Protocols for CO2 emissions and safety performance.

Since the beginning of 2000, the TITAN Group has been continuously and increasingly strengthening its focus on embedding corporate social responsibility in its strategy, policies, decision making and practices. Referring to this demanding, long-term and innovative process the 2009 CSR and Sustainability Report describes the course that TITAN has followed to meet its strategic objective as a multiregional Group of companies and form a vision for the future.

This Report starts with a brief introduction, a 2009 Group overview and an “information path” with the contents of the Report and TITAN’s corporate values. Throughout the Report case studies present TITAN’s practices related to its strategy and corporate values.

The Message from the Managing Director highlights the most significant issues and progress achieved in 2009. It is also an introduction to the main contents of the Report as well as to the Group’s new targets towards 2015.

Embedding corporate social responsibility and sustainable development in TITAN’s strategy, policies and practices is analyzed in the chapter following the Message from the Managing Director. Starting with the milestones of Group’s voluntary and proactive commitments and actions, presents the developments in governance, managing risks and opportunities and stakeholder engagement. The case study of TITAN in Albania in this chapter demonstrates the way TITAN values and commitments are addressed in starting new operations. TITAN Group performance according to its 5 year plan (2006-2010), achievements and new targets set for 2010-2015 are also presented in this chapter.

Measuring TITAN’s social and environmental footprints starts with mapping main operations, impacts and contributions to key stakeholders. As in the 2008 Report, all efforts to do less harm and more good with respect to key stakeholders are presented in the chapter titled “Social Footprint”. This chapter begins with “Safety at work” which remains a top priority for the TITAN Group and all its operations. It also includes information about employment and facing the impacts of the economic crisis, training and human resources development, employee communication and human rights issues. Moreover new partnerships with communities, business associations and CSR networks, as well as recognition from stakeholders is presented in this section.

Although in certain areas, like safety at work and training, specific performance indicators are accepted in order to facilitate target setting and monitoring progress in other areas, like employee commitment and value added for stakeholders, the process is still under development.

The next chapter, titled “Environmental Footprint”, starts with climate change and sustainable development, the major global challenge for the years to come. A full analysis of TITAN’s progress towards targets set in 2006 and on to minimize its carbon footprint, to reduce energy and raw materials consumption and to mitigate other impacts on the environment underscores its long-term commitment and plans towards 2015. In this chapter reference is also made to water management, quarry rehabilitation and biodiversity, as well as efforts to increase recycling.

The chapter titled “Report Assessment and Verification” deals with the methodology, the scope and the boundaries of this Report. To ensure clarity, accuracy and relevance of the Report aligned with GRI (G3), WBCSD/CSI and other international standards (AA1000 SES), independent assessment and verification was provided by Det Norske Veritas. The assurance letter is also included in this chapter with a statement on TITAN’s Report achievement of Α+.

Another chapter titled WBCSD/CSI Progress Review presents the overall results from joint and corporate efforts aligned with WBCSD/CSI Agenda for Action.

The last chapter on “GRI Disclosures and Indicators”, provides information relevant to TITAN business and significant for its key stakeholders in the context of the Global Compact principles and the Global Reporting Initiative guidelines.