Profitability

Profitability

CEMEX Moves Ahead With Its Strategy To Address Climate Change

CEMEX announced recently that the company will move ahead with its Climate Action Strategy and continue advancing towards its vision of a carbon-neutral economy by effectively addressing society’s increasing demands to mitigate climate change.

In February 2020, CEMEX defined an ambitious new 2030 target of a 35% reduction of its net specific CO2 emissions per ton of cementitious product compared with its 1990 baseline, aligned with the IEA technology roadmap for the cement sector to fulfill the Paris Agreement’s commitment under a 2-Degree Scenario. Additionally, the company established a new ambition to deliver net-zero CO2 concrete globally to all of its customers by 2050.

“Climate change is one of the biggest challenges of our time, and we believe that we can continue to address it as a fundamental component of our efforts to recover from the COVID-19 pandemic,” said Fernando A. Gonzalez, CEO of CEMEX. “We’re capable of capturing this unique opportunity to build a better, more sustainable future, leveraging our robust experience in sustainability, health, and safety.”

To fulfill the company’s new 2030 target, CEMEX has developed a detailed CO2 roadmap for each of its manufacturing plants to accelerate the rollout of proven technologies worldwide. To do so, CEMEX aims to reduce CO2 emissions in clinker through the production of novel clinkers with lower heat consumption, the use of alternative decarbonated raw materials, and the increased use of alternative fuels. CEMEX also aims to reduce CO2 emissions in cement by increasing the substitution of clinker with alternative cementitious materials, using admixtures to enhance strength, and adopting new grinding technologies to improve performance. Complementarily, CEMEX continues to reduce CO2 emissions in its power supply by increasing the use of renewable energy.

For more information on the company’s Climate Action Strategy, please visit: www.cemex.com/climate-action