- CEMEX sets a new target of below 475 kg of CO2 for 2030, a more than 40% reduction in emissions, and aligns the goal with Science Based Targets initiative (SBTi) under the Well Below 2oc scenario.
- CEMEX now expects to achieve its previous 2030 goal of 520 kg of CO2 by 2025, five years ahead of schedule.
- CEMEX has also introduced a medium-term carbon reduction goal for concrete of 165 kg of CO2 per cubic meter by 2030.
- The company expects to invest approximately US$60 million annually under its Future in Action program designed to reduce its carbon footprint.
CEMEX is now bringing forward its previous 2030 carbon goal of 520 kg CO2, equivalent to a 35% reduction in emissions, by 5 years to 2025.
In addition, CEMEX, as the largest concrete producer in the Western world, commits to reduce its CO2 emissions in its concrete business by 35%, reaching 165 Kg of CO2 per cubic meter, by 2030. Concrete plays a crucial role in the industry by offering additional pathways beyond cement to eliminate carbon and reach its net zero ambition by 2050.
“Climate action is the biggest challenge of our times, and CEMEX is taking decisive action to address it,” said Fernando A. Gonzalez, CEMEX CEO. “We commit to continue leading the industry in climate action not only because it creates value, but more importantly, because it is the right thing to do. CEMEX is building a better future, and that future must be sustainable.”
The company expects to invest approximately US$60 million annually to achieve its new 2030 target. These new ambitious goals are a pillar under CEMEX’s Operation Resilience strategy and the core of the Future in Action program designed to reduce its carbon footprint.
In the roadmap to reach its 2025 and 2030 targets, CEMEX relies on existing operating protocols, materials, as well as proven technology, which it has been successfully deploying in Europe over the last two decades.
CEMEX’s levers to achieve its new target include the use of alternative fuels with high biomass content, hydrogen injection, low temperature and low CO2 clinker, decarbonated raw materials, optimization of the kilns’ heat consumption and the reduction of clinker factor through the higher utilization of blended cements in the market.
Note: All percentage variations related to CO2 emissions are compared to the company´s 1990 baseline.
Notes to Editors:
CEMEX 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.
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