TITAN Cement Group is one of the first cement companies worldwide to have its CO₂ emissions reduction targets validated by the Science Based Targets initiative (SBTi)* as consistent with levels required to meet the goals of the Paris Agreement, following a thorough procedure. The targets, covering greenhouse gas emissions from TITAN’s operations (scopes 1 and 2), are consistent with reductions required to keep warming to well-below 2°C.
The SBTi has validated TITAN’s commitment to:
• Reduce scope 1 GHG (gross) emissions by -20.7% per ton of cementitious product by 2030 from a 2020 base year*. This target is in alignment with the -35% CO₂ reduction target on net emissions by 2030 from a 1990 base year, announced by TITAN earlier in the year.
• Reduce scope 2 GHG emissions by -42.4% per ton of cementitious product within the same timeframe. This target is in alignment with the -45% reduction target by 2030 from a 2020 base year, announced by TITAN earlier in the year.
In addition, TITAN has committed to drive down the CO₂ footprint of its operations and products aspiring to deliver society with carbon-neutral concrete by 2050, while it will monitor and independently verify its supply chain (Scope 3) emissions.
The Group aspires to reduce its carbon emissions by increasing the use of alternative fuels, accelerating its efforts in energy efficiency, developing low-carbon products, and adopting innovative technologies and solutions. Through the participation in European and international consortia, as well as through collaborations in R&D projects, TITAN will continue to develop low-carbon cementitious products and pilot carbon capture technologies in its plants.
TITAN Cement Group is a multiregional cement and building materials producer. The head office of the holding is located in Greece.
