Our Anti-Bribery and Corruption policy aims to ensure compliance with the respective rules prohibiting bribery and corruption. The policy applies to all TITAN Group employees, representatives and agents, all of whom are expected to follow the highest standards of professional and personal conduct at all times.
Dealing with a range of issues related to bribery and corruption, our policy complies with all applicable laws and contains TITAN Group’s global standards.
TITAN complies with all applicable anti-bribery laws, including the US Foreign Corrupt Practices Act (FCPA), the UK Bribery Act (UKBA), and the local laws in every country in which we do business.
Our CAPEX Management policy aims to standardize the processes for capital project proposal and approval, and to elaborate on relevant Group-wide governance. Our goal is to achieve a uniform approach to CAPEX proposals, consistency and rigor in the review of other proposals, and a thorough ex post evaluation of completed projects.
The guidelines cover four key areas:
- Classification of CAPEX projects
- Authorization limits
- Decision-making process and governance
- Group capital approval form
In all, this approach enhances the integrity and transparency of the CAPEX approval process across the Group and contributes to better assessments of potential and actual returns on investment.
Our Competition Law Compliance policy and guidelines aim to ensure compliance with competition laws in every country where we operate. The policy and guidelines place responsibility on all business units and entities controlled or managed by the TITAN Group, as well as every TITAN employee, to treat all customers and suppliers fairly, equally and openly.
The policy guides employees through the fundamental principles of competition law and helps identify solutions where relevant issues may arise. Additional to it, several guidelines are provided, which give an overview of key competition law provisions and indicate the types of conduct that might give rise to antitrust issues. TITAN employees are also required to obtain expert advice when faced with issues involving competition laws or when in doubt about compliance.
Our Corporate Social Responsibility (CSR) policy establishes a framework for pursuing our business goals in a socially responsible manner and contributing to the wellbeing of our employees and their families, the sustainability of the communities we work in, and society at large.
CSR is a core TITAN value, and our commitment to making a positive impact on the world around us goes beyond legal and regulatory compliance. Our policy also aims to add value to our business by promoting good business practices, enhancing our reputation, strengthening our license to operate and improving our competitiveness.
We aim to proactively and continuously improve in this area and adapt to an ever-changing business and social environment creating sustainable value for all. Essential to this is listening, engaging, communicating and building mutual trust with our stakeholders.
Our Environmental Policy reflects our commitment to sustainable development and our approach towards addressing the challenges and opportunities of climate change.
Main elements of our environmental policy include: assessment impacts, land stewardship through quarry rehabilitation, protection of local biodiversity, conservation and stewarding of water resources, resource recovery and managing waste, creating an environmentally responsible culture with our business partners and embedding innovation in our strategy.
The policy also encompasses our priorities under the Climate Change Mitigation Strategy, namely: energy efficiency, co-processing of alternative fuels and raw materials, product innovation and new technologies, and assessment of risks and opportunities across the value chain.
The policy sets out the environmental responsibilities by all business units and entities controlled or managed by the TITAN Group, as well as each TITAN employee.
Our Human Rights policy establishes a framework for protecting and advancing human rights, both in our work and in our sphere of influence.
Respect for human rights is one of TITAN’s core values, as reflected in our Code of Conduct. Our policy is guided by the principles in the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights.
The policy aims to raise awareness on human rights issues and ensure the commitment of all TITAN employees to the protection of human rights throughout the Group.
Our Health & Safety policy aims to achieve a healthy work environment free of incidents, injuries and accidents for all of our direct and indirect employees. It is aligned with all applicable laws and directives where TITAN is active.
At TITAN, Health and Safety is managed as an integrated system of goals with clear responsibilities and accountabilities. Our aim is to continuously improve and create an environment where every TITAN employee is responsible for their own and their colleagues’ safety. TITAN’s (Occupational) Health & Safety policy also includes sharing our know-how with stakeholders, suppliers, contractors and third parties to adopt similar health and safety policies.
Our Sanctions policy aims to ensure compliance with sanction laws in every jurisdiction where the TITAN Group operates.
Our international presence as a Group obliges us to comply with any sanctions imposed, administered or enforced by international organizations or relevant national authorities. Under such circumstances, the Group is expected to implement and maintain adequate systems and controls to ensure compliance.
Our policy includes a practical guide and a list of best practices on issues including when to carry out due diligence, screening associated parties, training, and audit trail and record keeping.