CEMEX join two key carbon-neutrality initiatives

Company signs up to world-leading Business Ambition for 1.5°C and The Race to Zero Campaign

CEMEX announced today (2 August) that they have signed the Business Ambition for 1.5°C commitment led by the We Mean Business Coalition in partnership with the Science Based Targets initiative and the UN Global Compact and have joined The Race to Zero Campaign of the United Nations Framework Convention on Climate Change (UNFCCC).

CEMEX say the decision to join these two major global alliances reflects the company’s strong commitment to climate action.

The Race to Zero Campaign was launched to mobilize net-zero commitments from cities, businesses, and investors ahead of the 26th UN Climate Change Conference of the Parties (COP26) in November 2021. All members of the coalition pledge to reach net-zero emissions by mid-century at the latest, in line with global efforts in limiting global warming to 1.5°C.

These objectives align with the CEMEX Future in Action programme to reduce the company’s carbon footprint by delivering net-zero concrete globally by 2050.

‘In the road leading up to the COP26, I am delighted to announce that we have signed the Business Ambition for 1.5°C and joined The Race to Zero Campaign,’ said Fernando A. González, chief executive officer of CEMEX (pictured). ‘CEMEX’s commitment to climate action runs deeps, and we are excited to partner with prominent global organizations to deliver on this challenge.

‘Implementing climate solutions requires active collaboration between industry, governments, non-governmental organizations, and multilateral agencies, and we intend to continue to play an active role in these efforts. We encourage others to join us in this important challenge.’

In addition, CEMEX have submitted their new 2030 target of below 475kg of CO2 per tonne of cementitious product for validation to the Science-Based Targets initiative as part of their commitment to fulfil their ambition of carbon neutrality by 2050.