CEMEX expand executive compensation link to climate action
Wednesday, May 11, 2022 - 10:43
Compensation plan expanded to include over 4,500 key executive positions around the world
CEMEX have announced that their Executive Variable Compensation programme, which includes progress on the company’s ambitious carbon-reduction goals as a variable, will be expanded to cover more than 4,500 executives worldwide.
The initiative is part of the company’s Future in Action programme, which focuses on reducing the carbon footprint of CEMEX’s operations and products to become a net-zero CO2 company by 2050.
Beginning this year, the CO2 emissions component will have an impact ranging from –10% to +10% in the total cash pay-out of the annual Executive Variable Compensation.
‘We are steadfast in our commitment to become a net-zero CO2 company by 2050,’ said CEMEX chief executive officer Fernando A. Gonzalez. ‘This decisive step reinforces our commitment, raises awareness, and aligns our entire organization towards our carbon action roadmap and building a greener, more sustainable company.’