Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developing a life cycle assessment (LCA) to enhance new product development. Initial development in the North America Tire division, with plans to further expand across other divisions
• Actively developing environmental policies and guidelines, including a policy addressing natural rubber sourcing
• Committed to responsible sourcing and keeping our supply chain free of conflict minerals
• 52% of locations are certified to ISO 14001

Social Achievements

• Policies supporting diversity and inclusion, including Board commitment to increase diversity
• Actively implementing policies and programs focused on employee health and safety, labor management and human rights
• Updated Supplier Code of Conduct to reflect updated policies and committed to ensuring our supply chain partners’ compliance
• Became a signatory to UN Global Compact in 2021

Governance Achievements

• Increased Board diversity in 2021
• Highly independent Board; all committee chairs independent
• Nominating committee charter amended to include social oversight
• Separate Chairman of the Board and CEO roles

Climate Goals & Targets

Environmental Challenges

• Market volatility impacting labor and variable costs
• Supply chain disruptions
• Pricing volatility

Mitigation Strategies

• Strong actions to manage labor and variable costs
• Regional supply chain management to optimize supply and pricing
• Significant coordination between supply chain, inventory control, production, operations and treasury management to drive efficiency and control of spend
• Heightened attention to managing pricing to ensure a tighter relationship with costs and mitigate the financial impact for both Titan and its end customers

Supply Chain Management

Responsible Procurement

• Updated Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001

Awards & Recognition

• Brazilian Green Seal Certification for Waste Management