Titan 2027 Eurobond | Accountability Console
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Titan 2027 Eurobond

Issues

Labor

Description: Complaint raises concerns about violations of appropriate labor standards related to the project, including issues regarding compensation, workplace conditions, retaliation, and child or forced labor.

Complaints with this Issue: 101

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Sectors

Manufacturing

Description: Project relates to large scale production of goods, including production capacity and infrastructure.

Complaints in this Sector: 50

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Project

Name: Titan 2027 Eurobond - 52337 , 48507

Investments: EBRD 52337

Client: TITAN CEMENT COMPANY SA

Support: Loans, Other

Country: Egypt

Complaint

IAM: Independent Project Accountability Mechanism (IPAM)

ID: 2022/03

Date Filed: Oct. 25, 2022

Status: Active

Description

The Request, Mr. Saad, an employee of the Alexandria Portland Cement Company, a subsididary of the Titan Cement Group, from 1995 to 2018 , alleges that a chronic health condition was caused by his work at the cement company which forced him to early retirement undertake medical treatment permanently. In his Request he acknowledges that at the time of his retirement, he received compensation from the company but it has proven to be insufficient to cover medical costs. He further alleges that at the time he was pressured to accept the amount offered.

Complaint Stages

Filing

Oct. 25, 2022

Filing

Status:

Start Date: Oct. 25, 2022

Registration

Oct. 25, 2022 -

Nov. 25, 2022

Registration

Status: Closed Without Output

Start Date: Oct. 25, 2022

End Date: Nov. 25, 2022

Eligibility

Nov. 25, 2022

Eligibility

Status: In Progress

Start Date: Nov. 25, 2022

Dispute Resolution

Not Undertaken

Dispute Resolution

Status: Not Undertaken

Explanation: Complaint not yet reached stage, Eligibility in progress

Compliance Review

Not Undertaken

Compliance Review

Status: Not Undertaken

Explanation: Complaint not yet reached stage, Eligibility in progress

Has Compliance Report: No

Non-Compliance Found: No

Monitoring

Not Undertaken

Monitoring

Status: Not Undertaken

Explanation: Complaint not yet reached stage, Eligibility in progress

Closed

Not Closed

Timeline

Documents

Name Category Description
Request Filing