Report Structure and Methodology

The 2009 TITAN Group CSR and Sustainability Report was conducted based on 2009 corporate data and covers all main Group subsidiaries and operations . The reporting period covered the 2009 fiscal-year period from January1, 2009 to December 31, 2009.

The Report contents cover economic, environmental and social responsibility performance data against core and additional indicators following Global Reporting Initiative Guidelines (GRI) – G3. TITAN makes a self-declaration that this Report meets the requirement of the level A+.

The purpose of this Report is to provide the TITAN Group voluntary commitment, strategy and management approach and sustainability performance to stakeholders. Every year, since 2007, determination of the contents of the TITAN Group CSR and Sustainability Report is based on the outcomes of CSR and Sustainability workshops implemented with the participation of relevant representatives from each of the business units and corporate functions as well as from other stakeholder engagement activities. This process has been incorporated in the TITAN Group risk management policy and the scope of the assessment covers every year a representative sample of TITAN operations world wide.

For the environmental data particularly all performance indicators measuring emissions from cement plants are calculated in line with the CSI reporting principles, that is 100% emissions from cement plants for which TITAN has the majority share and the emissions of joint ventures or partnerships according to equity basis. For the safety data TITAN reports 100% for all activities it has operational control, including Turkey.

All other environmental and social performance indicators have been defined and calculated in accordance to the GRI G3 Sustainability Reporting Guidelines and the U.N. Global Compact Communication on Progress requirements.

Assurance of the accuracy, completeness and relevance of the report was commissioned to external third parties, so as to review both the printed and the on-line version of the Report’s content and structure which comprises of two parts as follows:

• Review of the context and structure against GRI – G3 Guidelines by GRI, and AA 1000 AS in respect to meeting stakeholders’ expectations
• Review of the accuracy and completeness of the Report, including the clarity of data by conducting an assessment in accordance to WBCSD/CSI GHG Protocol for CO2 emissions and Safety performance measurements.

There was no significant change from the 2008 TITAN Group CSR and Sustainability Report in terms of scope, boundary and data calculating methods. A five-year comparison of performance is provided for all Group targets set in 2006, to allow monitoring of progress achieved and comparability with previous reports.

This report as well as the previous ones is published in both English and Greek and can be loaded from TITAN’s web site. The on-line version of the Report avails for direct feedback to TITAN Group CSR Department, selecting and making of “users’ choice” Report and comparison with previous Reports. The comments regarding our efforts to increase transparency and accountability through reporting are forwarded to the Group CSR Committee and used for continuous self-improvement.

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