CEMEX Decarbonization Goals Validated by the SBTi for Alignment with 1.5ºC Scenario
November 10 2022 - 6:00AM
Business Wire
- CEMEX is among the first companies in the global cement
industry to validate its 2030 carbon reduction goals through the
SBTi for alignment under its 1.5ºC scenario.
- CEMEX’s goals are among the most ambitious in the
industry.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it is among
the first companies in the global cement industry to validate its
2030 decarbonization goals through the Science Based Targets
initiative (SBTi) for alignment under their new 1.5ºC scenario, the
most ambitious pathway defined for the industry. This validation
includes scope 1, 2, and 3 targets.
CEMEX, the largest concrete producer in the western world and a
global leader in cement production, accelerated it decarbonization
efforts through its Future in Action program in 2021, aiming to
build a more sustainable, circular future, with the primary
objective of becoming a net-zero CO2 company. Since then, the
company has achieved record-breaking CO2 reductions, and its
performance to date has given the company the confidence that it
can achieve a more accelerated pathway for 2030.
“Climate change is the biggest challenge of our times, and the
building materials industry must be at the forefront of
decarbonizing the built environment,” said Fernando A. González,
CEO of CEMEX. “We are committed to being leaders on the path to
net-zero through relentless innovation and aggressive targets that
are backed up by meaningful and measurable progress. The SBTi’s
validation is clear evidence of this. Through Future in Action, we
are reducing carbon emissions in every part of our value chain and
providing our customers with lower carbon products so they can also
be part of the solution.”
“Climate science tells us that we need rapid and deep emissions
cuts if we are to achieve global net-zero,” said Luiz Amaral, Chief
Executive Officer of the Science Based Targets initiative. “Today,
CEMEX joins the growing list of companies cutting emissions across
its entire value chain in line with science and it is playing its
part in limiting warming to 1.5°C.”
For more information about CEMEX’s targets, please visit
www.cemex.com/sustainability/future-in-action
For more information about SBTi, please visit
www.sciencebasedtargets.org
CEMEX (NYSE: CX) is a global construction materials company that
is building a better future through sustainable products and
solutions. CEMEX is committed to achieving carbon neutrality
through relentless innovation and industry-leading research and
development. CEMEX is at the forefront of the circular economy in
the construction value chain and is pioneering ways to increase the
use of waste and residues as alternative raw materials and fuels in
its operations with the use of new technologies. CEMEX offers
cement, ready-mix concrete, aggregates, and urbanization solutions
in growing markets around the world, powered by a multinational
workforce focused on providing a superior customer experience,
enabled by digital technologies. For more information, please
visit: cemex.com
CEMEX assumes no obligation to update or correct the information
contained in this press release. This press release contains
forward-looking statements within the meaning of the U.S. federal
securities laws. CEMEX intends these forward-looking statements to
be covered by the safe harbor provisions for forward-looking
statements in the U.S. federal securities laws. These
forward-looking statements reflect CEMEX’s current expectations and
projections about future events based on CEMEX’s knowledge of
present facts and circumstances and assumptions about future
events, as well as CEMEX’s current plans based on such facts and
circumstances. These statements necessarily involve risks and
uncertainties that could cause actual results to differ materially
from CEMEX’s expectations. The content of this press release is for
informational purposes only, and you should not construe any such
information or other material as legal, tax, investment, financial,
or other advice. CEMEX is not responsible for the content of any
third-party website or webpage referenced to or accessible through
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20221110005461/en/
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
Analyst and Investor Relations Alfredo Garza / Fabián
Orta +1 (212) 317-6011 +52 (81) 8888-4327 ir@cemex.com
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