Titan Cement International SA

**Environmental governance and responsibilities**

**The Group Executive Committee and the Chief Sustainability and Innovation Officer** have the overall responsibility for the Policy and performance reviews, while **the Board of Directors conducts oversight. Our** performance-driven operating model includes ESG targets at the local level.

**The Group ESG Performance Department is responsible for the oversight coordination and consolidation of the** Group's sustainability actions, ensuring the delivery of the best possible results. To effectively manage sustainability actions, we have established a network consisting of ESG liaisons from every business unit to develop sustainability strategies and coordinate the implementation of sustainability commitments at regional level throughout the Group.

**All TITAN Group employees and those of TITAN's affiliate companies should be aware of and comply with the** pledges of this Policy, actively participating in their implementation and reporting any violation.

**Each TITAN employee** **whose position involves material decision-making on environment-related activities, as** well as planning or executing plans for managing environmental aspects, is required to:

- Be familiar with the fundamental principles of the applicable environmental laws and respective regulations in each country, state, or municipality.

- Identify environmental aspects and potential issues when they arise, as addressed in the systems for environmental management and monitoring our legal compliance.

- Be personally committed to achieving full compliance with the existing law, while aspiring and promoting the principles of TITAN's values and environmental policy.

**TITAN expects its contractors, suppliers, and business partners along the value chain to be aware of and comply** with this Policy, as well as relevant laws and standards where applicable. All suppliers must attempt to adhere to TITAN's environmental protection requirements and strive for continuous improvement in their work. Titan qualifies its suppliers appropriately, according to their performance in this area in line with TITAN's Procurement Policy.

The Board of Directors of TITAN Bulgaria oversees the implementation of the business plan of the company, determines the strategy, and ensures its implementation, taking into consideration the stakeholders materiality assessment. It measures the company's performance versus targets and takes the necessary actions to achieve the goals, except for those which are in the competence of the General Meeting of Shareholders, as provided for under the Law. [...] We have set up four committees operating in different areas to strengthen and improve the sustainability management of TITAN Bulgaria. The committees receive strategy and policy guidance from the Group Executive Director Europe and Sustainability, who is a member of the Group Executive Committee. [...] TITAN Group closely monitors relevant regulatory developments and takes proactive measures to mitigate potential negative consequences. A scenario-modelling approach has been adopted for the examination of possible outcomes (transitional risks) and the identification of appropriate roadmaps of mitigating actions for the safeguarding of the Group's business resilience (see TITAN Group IAR 2021).

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]TITAN is committed to the COP21 Paris Agreement goal of keeping the increase in global average temperature to well below 2°C, and preferably to 1.5°C above pre-industrial levels. The Group also supports the European Green Deal vision of carbon neutrality by 2050 and endorses the Global Cement and Concrete Association (GCCA) 2050 Climate Ambition, the cement industry's joint effort towards carbon neutrality. TITAN Group signed the "Business Ambition for 1.5°C† Commitment, a global campaign led by the Science-Based Targets initiative (SBTi), joining a number of leading companies worldwide that are committed to keeping global warming to 1.5°C and reaching net-zero emissions by 2050.
We are a member of the Global Cement and Concrete Association (GCCA) since 2018. In 2021, we contributed to the development of the GCCA 2050 Roadmap to Net Zero Concrete "Concrete
Future†. In addition, we participate in the GCCA Research Network, INNOVANDI, aiming to bring forth novel technological solutions toward decarbonization in collaboration with start-ups from across the globe.
We participate in the Energy Transition and Climate Change Working Group of the European Round Table for Industry to address the triggers for a successful transition towards a low carbon economy and thus contribute to achieving the goals of the Paris Climate Agreement. Our Chairman of the Executive Committee is the Chairman of The "Energy Transition & Climate Change" Working Group.
We participate in the European Cement Research Academy (ECRA), founded in 2003, which supports and conducts research activities on the production of cement and its application in concrete, aiming at advancing innovation within the context of climate change mitigation and sustainable construction.
Furthermore, we support joint effort activities through our cement associations in the region we operate (e.g.CEMBUREAU, PCA) participating at the level of the Board. Group positions are discussed, aligned, and approved at the Group level through our Sustainability Working Group and ExCom Sustainability Committee.
At the EU level TITAN CEMENT INTERNATIONAL SA is registered in the Transparency Register under the TR ID number: 447669443576-63.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes