Cemex affirms 2030 CO2 emissions target progress with auditor SBTi
Sources: Cemex, S.A.B. de C.V., Monterrey, Mexico; CP staff
The parent company of major cement, aggregate, ready mixed and concrete block producer Cemex USA, Houston, has validated its 2030 decarbonization goals, including Scope 1, 2 and 3 emissions reduction measures, through the Science-Based Targets initiative (SBTi). The revised Cemex S.A.B. de C.V. figures align with the Cement Science Based Target Setting Guidance that SBTi issued in September 2022. The document outlines greenhouse gas emissions reduction thresholds with which cement and concrete producers can abide an SBTi climate change scenario where global temperature rise this century is limited to 1.5°C.
The Western world’s largest concrete producer and a global leader in portland cement, Cemex accelerated decarbonization efforts in 2021 through its Future in Action program, which aims to build a more sustainable, circular future, with an eye to becoming a net-zero CO2 operator. The producer has since reported record-breaking GHG emission reductions, justifying pursuit of a more accelerated pathway to 2030 targets.
“The building materials industry must be at the forefront of decarbonizing the built environment,” says Cemex CEO Fernando González. “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 customers with lower carbon products so they can also be part of the solution.”
“Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero,” adds SBTi CEO Luiz Amaral. “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.”
Holcim aligns 2030 climate targets with SBTi 1.5°C framework