Validation for CEMEX decarbonization goals
SBTi validates company’s ambitious decarbonization goals for alignment with 1.5ºC scenario
CEMEX announced this week that they are among the first companies in the global cement industry to validate their 2030 decarbonization goals through the Science Based Targets initiative (SBTi) for alignment under its new 1.5°C scenario, the most ambitious pathway defined for the industry. This validation includes scope 1, 2, and 3 targets.
CEMEX, the largest concrete producer in the western world and a global leader in cement production, accelerated their decarbonization efforts through their Future in Action programme 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 CO2 reductions, and its performance to date has provided confidence that a more accelerated pathway for 2030 can be achieved.
‘Climate change is the biggest challenge of our times, and the building materials industry must be at the forefront of decarbonizing the built environment,’ said Fernando A. González, chief executive officer of CEMEX.
‘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.’
Luiz Amaral, chief executive officer of the Science Based Targets initiative, said: ‘Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net zero. Today, CEMEX join the growing list of companies cutting emissions across their entire value chain in line with science and playing their part in limiting warming to 1.5°C.’
