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Holcim accelerate climate action

Holcim have published their second climate report
Holcim have published their second climate report

Publication of second climate report; shareholders given a say on the company’s climate strategy

HOLCIM have published their second climate report, including their upgraded 2030 climate targets aligned with the 1.5°C framework and validated by the Science Based Targets initiative.

Accelerating their net-zero ambition, Holcim are aiming to reach a 420kg reduction in CO2 per tonne of cementitious materials by 2030. Making progress in carbon capture utilization and storage (CCUS), the company has also committed to invest a cumulative CHF2 billion by 2030 in mature technologies to capture more than 5 million tonnes of CO2 per year.

 

Chief executive officer Jan Jenisch said: ‘Holcim are accelerating their climate action with upgraded net-zero targets and a clear commitment to invest CHF2 billion in CCUS technologies by 2030. We are committed to scaling up low-carbon and circular construction while making buildings more sustainable in use to build cities that work for people and the planet.’

Magali Anderson, Holcim’s chief sustainability and innovation officer, added: ‘Taking a science-driven approach to climate action, we upgraded our 2030 targets to be in line with the SBTi’s 1.5°C framework and are pushing the boundaries of innovation to be at the forefront of low-carbon and circular building. I’m encouraged by the progress we are making across our sites to accelerate the shift to net zero.’

The climate report details how Holcim are:

Delivering against all their levers; Holcim are deploying decarbonized materials in their product formulation, adopting more alternative and renewable energy, and scaling up their low-carbon building solutions, from ECOPact to ECOPlanet.

Driving circular construction across their business; Holcim recycled 6.8 million tonnes of construction and demolition waste into new building solutions in 2022 and are on track to exceed their 2025 target of 10 million tonnes.

Continuing the momentum on their net-zero journey; Holcim increased their green investments by 15% in 2022 to reach CHF403 million and reduced their CO2 per net sales by 21% and commit to reduce it by more than 10% in 2023.

The climate report will be put to an advisory vote at the Holcim AGM on 4 May 2023, reflecting the company’s commitment to give its shareholders a say on the company’s climate strategy.

 

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