Saturday 1 October 2022

Suppliers

Α+ | A-

TITAN early on recognized the influence of supply chain in social and environmental endeavors. Starting with the U.N. Global Compact pledge, various initiatives have been undertaken to initiate and disseminate a self-commitment approach among TITAN suppliers, primarily contractors. This has not been fully successful as effort, particularly because of the size of the companies, their limited exposure to global challenges and lack of own resources.

Considering the difficulties in raising awareness across the supply chain, in 2006 TITAN joined forces with other European companies, aiming to create new tools to help move toward responsible supply chain management. As a co-leader in the implementation of the Responsible Supply Chain Management Laboratory, TITAN succeeded in setting up the first European-wide platform to inform and support suppliers on how to meet international standards as defined in accordance to the ten Global Compact principles.

Following the conclusion of this effort, more than 200 letters were sent to TITAN suppliers to attract their interest, improve their understanding and encourage commitment to joint action. More than 40% of suppliers responded expressing interest for more information and joint action in certain areas, such as safety at work and care for the environment.

TITAN as a co-leader in the implementation of the Stakeholders’ Forum decisions in Kamari, in March 2010 (see p. 30-31) proposed and undertook the responsibility together with other industries to design and implement safety courses for owners and managers of contractors’ crews and small-medium enterprises operating in the region of Thriasio and serving TITAN operations in Elefsina and Kamari.

The aim was to sensitize owners and managers to the value of safety and relay the message that “safety is good business”. To this end, moving beyond purely technical issues the key focus was on issues to do with human behavior. This 3-stage program was attended by110 people.

At the end of last year, the European Agency for Safety and Health at Work (EU-OSHA) identified this particular initiative as “commended practice” in the framework of its 2-year campaign on “Occupational Health & Safety in maintenance for safety” and will further disseminate it through its website. The high level of response to this initiative prompted the continuation and expansion of similar courses in the Prefectures of Achaia and Ioannina, which were attended by a total of 70 and 50 people, respectively.

TITAN also supported a proposal made by CSR Europe to use the outcomes of the European Laboratory on Responsible Supply Chain Management for creating a global resource center directed to business seeking information about supply chain sustainability. The purpose of this electronic platform, produced by the U.N. Global Compact Office in collaboration with CSR Europe, is to assist companies in the process of embedding sustainability issues - human rights, labor, environment and anti-corruption - into supply chains.

Moreover, in cooperation with the Hellenic Network for CSR, TITAN supports the translation of the contents of the Responsible Supply Chain Management Portal in Greek to allow easier access and use of its contents by Greek enterprises as well as their contractors and suppliers.

 

Distribution of TITAN
Group Social Product 2010

  • To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law:
    €239.1 million
  • To local and international suppliers:
    €801.8 million
  • For new investments in fixed assets:
    €87.2 million
  • Τo state and local authorities through taxation:
    €90 million
  • Return to shareholders and minorities:
    €17.2 million