The CDP (formerly Carbon Disclosure Project) raised its rating of CEMEX from B in 2018 to A- in 2019 for our company’s commitment to climate protection. The rating upgrade reflects our global improvement in governance, risk management, CO2 emissions reduction initiatives, low carbon products, and value chain engagement.

To date, at a global level, we have reduced our direct CO2 emissions per ton of cementitious product by more than 22% compared to the 1990 baseline, allowing the company to avoid approximately 8million tons of CO2 during 2019, equivalent to the carbon emissions of 1.6 million passenger vehicles.

In Europe last year alone, we reduced our CO2 compared to the year before equivalent to taking around 65,000 cars off the road.

We are taking the following steps to further reduce our direct CO2 emissions:

• Producing new types of low CO2 clinker, cement, and concrete products
• Increasing our use of alternative fuels as a substitute for fossil fuels
• Using waste from other industries as alternative raw materials as a substitute for clinker
• Expanding and protecting natural carbon sinks from our El Carmen Nature Reserve to all of our quarries
• Developing and testing disruptive technologies like carbon capture, utilization, and storage (CCUS) and other innovative carbon technologies

We are also determined to reduce indirect CO2 emissions from electricity through the company’s use of renewable energy. Close to 30% of CEMEX’s global power consumption is covered by renewable energy sources, the highest rate among global cement companies.

As climate and sustainability continue to rise on the Agenda, in the coming weeks and months, we have some exciting developments in our region and wider company regarding our climate commitments, so watch this space as there is more news to come…..