However, we must do more. This is why we have defined a more ambitious Climate Action Strategy and established a new 2030 target to reduce our net specific CO2 emissions by 35% when compared to our 1990 baseline. This new target is aligned with the International Energy Agency’s roadmap to reducing CO2 emissions and what is expected from the cement industry to contribute to the Paris Agreement. We also believe that our end product, concrete, has a key role to play in the transition to a carbon-neutral economy, because it is an essential component in the development of climate-smart urban projects, sustainable buildings, and resilient infrastructure. Therefore, we have defined a long-term ambition to deliver net-zero CO2 concrete globally by 2050. This is expected to set us on a pathway of open innovation and collaboration to develop new technologies like carbon capture, utilization and storage, which may be essential for a carbon neutral world. As a founding member of the Global Cement and Concrete Association (GCCA), we actively promote the use of concrete as an essential material for sustainable construction. Together with 36 other member companies, we speak with a single voice on behalf of the cement and concrete industry to achieve responsible, sustainable leadership.
Sustainability
We recognize our responsibility to join the collective action to positively impact the world. At CEMEX, we believe sustainability is the most meaningful way of doing business. Sustainability is embedded in our strategy, and thus, it is linked to all decision-making processes across our business lines. Our 2030 Global Sustainability Targets are designed to further enhance CEMEX’s economic, environmental, and social performance, and to strengthen our commitment to building a better and more sustainable future for all.
Our sustainability performance highs
We invest and innovate to become an industry leader in profitable, environmentally friendly, and sustainable operations. We provide products and solutions that contribute to more sustainable cities. We act responsibly in our operations, looking for a way to minimize our impact on the environment. We collaborate with local communities to empower them and contribute to their development.
CEMEX’s 2030 CO2 emissions reduction target and implementation roadmap validated by the Carbon Trust
On September 28th, CEMEX announced that the Carbon Trust has validated its roadmap to decarbonize global operations in line with the Sectoral Decarbonization Approach (SDA) 2-degree scenario (2DS) developed by the International Energy Agency (IEA). The validated roadmap would enable the company to achieve a 35% reduction of net carbon emissions by 2030. The validation scope included CEMEX’s worldwide cement operations, with a detailed analysis of plants expected to contribute at least 80% of the direct and indirect organizational CO2 emission reductions needed to achieve the 2030 target. The Carbon Trust assessed the technical feasibility of key technology and decarbonization levers based on guidelines defined by international institutions such as the International Energy Agency, the Cement Sustainability Initiative, and the European Climate Research Alliance. The CO2 reduction levers included alternative fuels, decarbonated raw materials, renewable power projects, and novel cements, among others. The validation also included a thorough review of CEMEX’s commitment to implement these levers based on governance mechanisms and business planning.