The largest concrete producer in the western world and leader in cement production, CEMEX, S.A.B. de C.V. has made the announcement 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.
This move is seen as the most ambitious pathway defined for the industry.
Scope 1, 2, and 3 targets are included in this validation.
CEMEX has 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,” Fernando A. González, CEO of CEMEX remarked.
“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,” he added.
“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,” Amaral added.
