The “Business Ambition for 1.5 ° C” Commitment was signed by the TITAN Group, led by the Science Based Targets Initiative (SBTi) in collaboration with the United Nations Global Compact (UNGC) and the We Mean Business Alliance.
Titan is committed to working with many of the world’s leading companies to curb global warming to 1.5 ° C and achieve zero (clean) carbon emissions by 2050.
With the signing of the Business Ambition for 1.5 ° C, the TITAN Group is also participating in the United Nations Convention on Climate Change (UNFCC) global “Race to Zero” campaign, which aims to encourage more and more companies, governments and financial and educational institutions to work together and take action for a healthier planet with zero carbon emissions, in view of the 26th United Nations Conference on Climate Change (COP26).
The TITAN Group is one of the first cement companies in the world whose CO2 reduction targets have been validated by the Science Based Targets (SBTi) initiative, as compatible with the levels of reductions required to achieve the Paris Agreement targets, such as were announced in the context of the Group’s Goals on Environment, Society and Governance (ESG) for 2025 and beyond. By participating in SBTi’s “Business Ambition for 1.5 ° C”, the Group aligns its climate change goals with the most ambitious goals of the Paris Agreement and with what science defines as necessary to achieve zero emissions carbon (clean) by 2050 and curb global warming to 1.5 ° C.
The Group aspires to reduce carbon emissions by substituting fossil fuels for alternative fuels, further enhancing its energy efficiency efforts, developing low-emission products and adopting innovative technologies and solutions. Through participation in European and international consortia, as well as research and development programs, Titan will continue to develop new low-carbon products and pilot new carbon capture technologies in its plants, actively contributing to the industry’s ambition for a future with a neutral carbon footprint by 2050.
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight