CDP Awards CEMEX Its Highest Rating for Leadership in Climate Action
08 December 2021 - 6:00AM
Business Wire
- CEMEX has been included in CDP´s prestigious ‘A List’.
- CDP is one of the leading environmental organizations in the
world.
- Rating underscores CEMEX decisive actions to address climate
change.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has been
recognized 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 recognized
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 recognized 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 program, 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 fulfill its
2050 goal of being net-zero carbon in concrete.
“We are pleased with CDP´s recognition of our decarbonization
efforts and ambition and 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.”
The full list of companies that made this year’s CDP A List is
available here, along with other publicly available company scores:
https://www.cdp.net/en/companies/companies-scores
About CDP
CDP is a global non-profit that runs the world’s environmental
disclosure system for companies, cities, states and regions.
Founded in 2000 and working with more than 590 investors with over
$110 trillion in assets, CDP pioneered using capital markets and
corporate procurement to motivate companies to disclose their
environmental impacts, and to reduce greenhouse gas emissions,
safeguard water resources and protect forests. Over 14,000
organizations around the world disclosed data through CDP in 2021,
including more than 13,000 companies worth over 64% of global
market capitalization, and over 1,100 cities, states and regions.
Fully TCFD aligned, CDP holds the largest environmental database in
the world, and CDP scores are widely used to drive investment and
procurement decisions towards a zero carbon, sustainable and
resilient economy. CDP is a founding member of the Science Based
Targets initiative, We Mean Business Coalition, The Investor Agenda
and the Net Zero Asset Managers initiative. Visit cdp.net or follow
us @CDP to find out more.
About CEMEX
CEMEX is a global construction materials company that is
building a better future through sustainable products and
solutions. CEMEX is committed to achieving carbon neutrality
through relentless innovation and industry-leading research and
development. CEMEX is at the forefront of the circular economy in
the construction value chain and is pioneering ways to increase the
use of waste and residues as alternative raw materials and fuels in
its operations with the use of new technologies. CEMEX offers
cement, ready-mix concrete, aggregates, and urbanization solutions
in growing markets around the world, powered by a multinational
workforce focused on providing a superior customer experience,
enabled by digital technologies. For more information, please
visit: cemex.com
CEMEX assumes no obligation to update or correct the information
contained in this press release. This press release contains
forward-looking statements within the meaning of the U.S. federal
securities laws. CEMEX intends these forward-looking statements to
be covered by the safe harbor provisions for forward-looking
statements in the U.S. federal securities laws. These
forward-looking statements reflect CEMEX’s current expectations and
projections about future events based on CEMEX’s knowledge of
present facts and circumstances and assumptions about future
events, as well as CEMEX’s current plans based on such facts and
circumstances. These statements necessarily involve risks and
uncertainties that could cause actual results to differ materially
from CEMEX’s expectations. The content of this press release is for
informational purposes only, and you should not construe any such
information or other material as legal, tax, investment, financial,
or other advice. CEMEX is not responsible for the content of any
third-party website or webpage referenced to or accessible through
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20211207005994/en/
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
Analyst and Investor Relations Alfredo Garza / Fabián
Orta +1 (212) 317-6011 +52 (81) 8888-4327 ir@cemex.com
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