Cemex tops industry in 2024 Climate and Energy Benchmark

This recognition demonstrates Cemex’s commitment to transitioning to a lower-carbon cement industry, with the aim of becoming a net-zero CO₂ company by 2050.

The World Benchmarking Alliance (WBA) measured and ranked 91 of the world’s most influential aluminum, cement, and steel companies for the first time based on their emission targets and transition to a lower-carbon future. Cemex achieved the highest score in the overall cement ranking after the WBA assessed the company’s climate performance using industry specific Accelerate Climate Transition (ACT) methodologies, as well as social and just transition indicators.

“We are proud to achieve the highest score in the 2024 Climate and Energy Benchmark ranking, demonstrating Cemex’s leadership in climate action and social impact”, said Fernando A. González, CEO of Cemex. "We are committed to achieving our ambitious 2030 decarbonisation goals on the path to becoming a net-zero company by 2050 while making a positive and lasting difference in our communities.”

WBA develops transformative benchmarks that compare companies’ progress against the Paris Agreement and a just transition. The benchmarks are supported by available science while leveraging existing international norms.

Since the launch of Cemex’s Future in Action programme in 2020, the company has achieved record-breaking progress in decarbonisation, reducing Scope 1 and 2 emissions by 13% and 10%, respectively, a pace that previously would have taken Cemex 15 years to accomplish. Future in Action focuses on achieving sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO₂ company by 2050.

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Read the article online at: https://www.worldcement.com/the-americas/09052024/cemex-tops-industry-in-2024-climate-and-energy-benchmark/