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Description: Titan has also taken a leading role in the implementation of the “CSR supply chain
Laboratory” under the EU Business Alliance for CSR. It has also a code of conduct underlying its complian-
ce with human rights, health and safety, sustainable growth, fighting bribery and corruption, preventing
conflicts of interest and committing to fair competition and financial and non-financial reporting.

Results: Titan was ranked first in the Accountability Rating Greecein 2008 and 2009. Titan’s 2007
Sustainability Report was the first one to achieve a Global Reporting Initiative (GRI) A+ Application
Level and among the first reports in Greece with external audit. In the last five years, Titan obtained 85
million euros in investments and contributed to 320 million euros to the national and local economy.

More information: https://www.titan.gr/en/about-us/dynamic-presence-in-greece

Financing collective action to fight corruption and fraud (Siemens Integrity Initiative)

Context: Siemens is an international group founded in 1847 in Germany. It is active in the sectors of health,
energy, industry and construction. In 2019 the company was worth 99 841 million dollars. It has received
high scores in the compliance category in the Dow Jones Sustainability Index.

Challenge: In the face of widespread and deep rooted corruption, Siemens believes that it is highly unlikely
that individual activities alone are sufficient to bring significant ethical changes and improve transparen-
cy. Therefore collective action methods and plans are needed notably to create fair and equitable market
conditions and to eliminate the temptation of corruption. The company strongly supports integrity pacts,
codes of contacts and more importantly financing long term initiatives.

Solution: Siemens has launched a global Siemens Integrity Initiative dedicating 100 million dollars to sup-
port organizations that fight corruption and fraud through collective action, education and
training.

Results: The initiative, launched in 2009, is foresee to run for 15 years. The first round founded 30
projects in 20 countries for a total of 37,7 million dollars. The second round in 2013 founded 24 projects
in 20 countries for a total of 35,554 million dollars. The third round in 2018 founded 22 projects in over
40 countries for a total of 25.2 million dollars. Among the projects financed in the second round, we can
point out the initiative by the University of Vienna that identifies links between corruptions, lack of busi-
ness, political integrity and tax crimes exploring the confrontational relation between tax administrations
and multinationals. Among the projects funded in the third round, we can underline “setting the ground
for business integrity in Bulgaria” by Transparency International and MedCompassIII by Polmed (Poland)
sharing its market experience and observation of the healthcare system and particiapants’ needs.

More information: https://new.siemens.com/global/en/company/sustainability/compliance/collective-
-action.html