Cemex release 2024 Integrated Report
Published by Alfie Lloyd-Perks,
Editorial Assistant
World Cement,
Cemex presented its 2024 Integrated Report, titled Our Future in Action: Accelerating a Sustainable World, showcasing its operational and strategic performance in 2024. The year 2024 was marked by solid financial results, the recovery of Cemex’s investment-grade rating, and progress in its decarbonisation agenda in alignment with Cemex’s 2030 targets.
In 2024, Cemex achieved the second-strongest sales and Operating EBITDA in its recent history, alongside the highest free cash flow after maintenance capital expenditures since 2017. Cemex also made significant progress on its decarbonisation targets through its Future in Action programme, continuing to lead the industry in profitable decarbonisation efforts.
"Our global team's focused and committed efforts have advanced a business model with sustainable attributes, seeking to ensure both environmental progress and long-term value creation for Cemex,” said Fernando A. González, CEO of Cemex. “This year’s report demonstrates strategic progress in executing our growth strategy, reinforces our commitment to our Future in Action programme, and underscores the power of going beyond traditional social responsibility to support our climate action goals."
Some of the main accomplishments presented in Cemex's 2024 Integrated Report are:
Financial:
- Regained an investment-grade rating by Standard & Poor’s and Fitch.
- Reached US$939 million in net income, a record level in Cemex’s recent history.
- Announced a progressive shareholder dividend programme.
Future in Action:
- Since 2020, Cemex has reduced cement Scope 1- and 2-specific CO2 emissions by 15% and 18% respectively — a pace that would have previously taken 16 years to achieve.
- Vertua products accounted for 63% of total cement sales and 55% of total concrete sales, exceeding our 2025 sales goal of 50%.
- Awarded a €157 million EU Innovation Fund grant for CO2 capture at Cemex’s Rüdersdorf plant in Germany, which is expected to become our first net-zero plant.
- Ranked #1 by the World Benchmarking Alliance among 91 companies in hard-to-abate industries, including steel and aluminum, achieving the highest climate transition score.
Stakeholder Engagement:
- Achieved a Net Promoter Score of 74, surpassing the industry customer loyalty benchmark.
- Launched the Cemex Go Acceleration Programme in the US, resulting in a 60% increase in order adoption rates.
- Named to the Fortune Change the World List for the fourth year, recognising our stakeholder engagement.
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Read the article online at: https://www.worldcement.com/product-news/26032025/cemex-release-2024-integrated-report/
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