Company says climate change is one of the biggest challenges of our time and supports urgent collective action
CEMEX have today announced a new Climate Action strategy which outlines the company’s vision to advance towards a carbon-neutral economy and to address society’s increasing demands more efficiently.
As a result of their efforts to date, CEMEX have reduced net specific CO2 emissions by more than 22% compared with their 1990 baseline. However, acknowledging that this is not enough, the company has defined a more ambitious target of a 35% reduction of net specific CO2 emissions by 2030.
This new goal is aligned with the Science-Based Targets methodology, a requirement climate science says is necessary to meet the goals of the Paris Agreement.
To complement this strategy with a longer-term vision, CEMEX are also establishing a new ambition to deliver net-zero CO2 concrete by 2050. The company believes that concrete – its end product – has a key role to play in the transition to a carbon-neutral economy and is an essential component in the development of climate-smart urban projects, sustainable buildings and resilient infrastructure.
‘Climate change has been a priority for CEMEX for many years. Our efforts have brought significant progress to date, but we must do more. This is why we have defined a more ambitious strategy to reduce CO2 emissions by 2030 and to deliver net-zero CO2 concrete by 2050,’ said chief executive officer Fernando A. Gonzalez.
To fulfil this strategy, CEMEX have a detailed CO2 roadmap to accelerate the roll-out of proven technologies in all of their facilities, including investing in energy efficiency, using alternative fuels, expanding the use of renewable energy, and increasing the substitution of clinker with alternative cementitious materials.
Moreover, the company says its new net-zero CO2 concrete aspiration for 2050 sets it on a path of open innovation that requires strategic partnerships and cross-industry collaboration in the development of breakthrough technologies such as carbon capture, utilization, and storage; novel clinkers with low heat consumption; alternative decarbonated raw materials; carbonation of concrete waste for use as recycled aggregates; and the promotion of circular economy models that transform waste into fuel.
CEMEX say they currently consume, as either alternative fuel or alternative raw material, 32 times more waste from other industries than the waste they generate and send to landfill.
