For the second consecutive year, Votorantim Cimentos, received an A score in climate change based on an assessment conducted by CDP, one of the most respected international non-profit organisations that runs the world’s only independent environmental disclosure system for companies, capital markets, cities, states and regions to manage their environmental impacts.
Based on data reported through the CDP Climate Change 2024 Questionnaire, Votorantim Cimentos earned an A score, placing Votorantim Cimentos among a small number of organisations that are ranked at the top of the list and exemplify best practices in strategic environmental management in the market.
CDP holds the most comprehensive and valuable environmental database in the world and its scores are widely used to inform investment decisions in support of a zero-carbon, sustainable and resilient economy. CDP uses a detailed and independent methodology to score companies from A to D based on the level of comprehensiveness in disclosure, awareness and management of environmental risks, and incorporation of best practices, such as setting ambitious and meaningful targets. Companies that do not disclose their impacts or provide insufficient information receive an F score.
“Earning the highest score from CDP for the second year in a row confirms that we are moving in the right direction regarding the climate change agenda. The most competitive companies will be those with the lowest greenhouse gas emissions, and tackling the negative effects of climate change is at the heart of our strategy. We are part of the solution to climate change and recognize the role, importance and relevance of our decarbonization journey. Our 2030 Sustainability Commitments are public and include targets that are aligned with the United Nations (UN) Sustainable Development Goals (SDGs),” said Álvaro Lorenz, global director of Sustainability, Institutional Relations, Product Development and Engineering at Votorantim Cimentos.
Decarbonisation Journey
Votorantim Cimentos’ decarbonisation target for 2030, approved by the Science Based Target initiative (SBTi), is to emit 475 kg of CO2 per t of cement. In addition, Votorantim Cimentos has the ambition to produce carbon-neutral concrete by 2050.
Votorantim Cimentos’ decarbonisation strategy is based on four main pillars: co-processing (the substitution of fossil fuels used in cement production kilns for other materials, especially biomass and waste); the use of cementitious materials, including by-products from other industries, to replace clinker (the main source of CO2 emissions in the cement production process); energy efficiency and the use of renewable energy sources, leveraging company-owned hydroelectric power plants and investments in solar and wind energy; and the development of technologies (use of innovative processes, new materials, carbon capture, use and storage, dematerialisation of the value chain, partnerships with various businesses and academic organisations to increasingly optimise resources and reduce carbon intensity).
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