CEMEX has been included in the ‘FORTUNE 2020 Change the World’ list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. With its inclusion in the 2015 and 2017 FORTUNE ‘Change the World’ lists, this is the third time that CEMEX has received this distinction.
FORTUNE recognised CEMEX's efforts in social impact business models. One of the recognised initiatives was the rapid deployment of solutions to meet the current challenges caused by the COVID-19 pandemic. Working with the Mexican Institute of Social Security and in coordination with more than 20 multisectoral partners in Mexico, CEMEX built mobile hospitals with highly durable precast antibacterial concrete modules in a record time of two weeks per medical facility. This effort in Mexico will be replicated in other countries where CEMEX has operations to contribute to global challenges positively.
"Once again, we are honoured by FORTUNE's recognition of our efforts to improve the well-being and quality of life of the population," said Fernando A. González, CEO of CEMEX. "By living our purpose of building a better future and working with our stakeholders, we seek to develop innovative solutions, while promoting a sustainable and resilient future."
Each year, FORTUNE looks for companies with recent impact. The initial solicitation and assessment of nominees is conducted in partnership?with the Shared Value Initiative, a global platform for organisations seeking business solutions to social challenges. A team of journalists from FORTUNE then investigates each of the candidates independently. The final list?is selected and ranked by the editors of FORTUNE based on its reporting and analysis. FORTUNE's annual ‘Change the World’ list is intended to showcase capitalism's power to improve the human condition by identifying companies that have made an important social or environmental impact through their profit-making strategy and operations. FORTUNE considered four criteria: Measurable social impact, Business results, Degree of innovation, and Corporate Integration.