TITAN Group announces partnership with “Investing For Purpose”

TITAN Group announces its partnership with Investing For Purpose (IFP), a Greek initiative that promotes impact investing by matching investors willing to invest long-term capital with start-ups and companies that create positive impact returns for society and the environment.

By joining Investing For Purpose, TITAN gains access to a large and diverse pool of Greek purpose-driven companies seeking funding and can select the ones it wishes to invest in, focusing on the ones relevant to its core business and taking into consideration the priorities of its sustainability strategy, financial criteria, as well as the purposes of IFP’s pipeline companies.

The partnership with IFP, which focuses on thematic areas such as environment, circular economy, education, diversity and inclusion and more, showcases TITAN’s dedication to supporting initiatives with a positive environmental and social footprint. As part of the partnership, TITAN will also provide the selected companies with mentorship, supporting them to grow and multiply their impact.

Bearing potential benefits from interesting and profitable investment opportunities for TITAN, the Group’s partnership with IFP intersects its venture capital initiative, based on which TITAN will invest up to €40 million in the medium term, supporting the scale-up of innovative startups and funds and bolstering its growth strategy. As part of said initiative, TITAN has already invested in six startups and two venture capital funds, forging partnerships that address challenges of the building materials industry and promote sustainable construction.

Commenting on the new partnership, Leonidas Canellopoulos, TITAN Group’s Chief Sustainability and Innovation Officer, noted: “At TITAN, we have always believed in creating blended value, whereby financial returns are combined with measurable positive social and environmental impact. We are hence delighted to be the first listed, multinational group joining IFP’s investor community and trust that we too can learn from innovative, impact-driven startups and social enterprises.”

For his part, Markos Komondouros, Co-Founder and Partner of Investing For Purpose, added: “Through our community, we seek to bring about a paradigm shift in investing, and we are extremely pleased and privileged to have a group of TITAN’s scale and international standing support our vision. Impact investing is developing fast in Greece, and it is gratifying to see leading multinationals actively commit to taking part.”