CEMEX has announced that it has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change. The company was recognised for its actions to cut emissions, mitigate climate risks and lead in the transition to a low-carbon economy.
CEMEX is one of approximately 200 companies to receive this distinction out of nearly 12 000 firms scored by CDP. According to CDP, CEMEX is leading on corporate environmental ambition, action, and transparency worldwide through significant demonstrable action on climate.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform.
Under its Future in Action programme, CEMEX announced a climate action target of reducing 40% its CO2 emissions by 2030. The company’s clean electricity consumption will also increase from the current 29% to 55% by 2030. These goals are the most ambitious in the cement industry and align with the well-below 2°C scenario. These intermediate goals will enable the company to fulfil its 2050 goal of being net-zero carbon in concrete.
“We are pleased with CDP’s recognition of our decarbonisation efforts and ambition and are happy to join this elite group of climate action leaders,” said Fernando A. Gonzalez, CEO of CEMEX. “We commit to continue leading the industry in climate action, not only because it creates value, but more importantly because it is the right thing to do. CEMEX is building a better future, and that future must be sustainable.”
“Many congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC’s Sixth Assessment Report,” said Paul Simpson, CEO of CDP. “The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
Read the article online at: https://www.worldcement.com/europe-cis/08122021/cemex-is-included-in-cdps-a-list-for-leadership-in-climate-action/