CEMEX committed to a low-carbon future

Company’s dedication to mitigate global warming reaffirmed by commitment to Paris Agreement

CEMEX have reinforced their position on climate change, by reaffirming their commitment to the recently signed Paris Agreement.

The company says it agrees with the vast majority of the scientific community that the benefits of mitigating global warming will by far outweigh any costs to achieve this goal, and welcomes the ambitious targets, the bottom-up commitments from signatory countries, and the prominent role of market mechanisms in the Paris Agreement.

For almost a decade, CEMEX have publicly called for a global carbon market as a key instrument to combat climate change, and as one of the initial members of the Carbon Pricing Leadership Coalition (CPLC) and as co-chair of the Cement Sustainability Initiative (CSI), the company says it is among the leading contributors to global warming reduction efforts worldwide.

Aligned with the cement industry’s action plan presented at COP21 to help tackle climate change, during 2015 CEMEX say they reduced CO2 emissions by almost 7.5 million tons – equivalent to the average annual emissions of 1.4 million cars – as a result of initiatives to reduce their clinker factor, increase the use of alternative fuels, and lower their indirect emissions through the utilization of power from clean energy sources.

‘At CEMEX, we welcome the ambition of the Paris Agreement and the prominent role that market mechanisms play in it. However, this is just a first step,’ commented Fernando A. Gonzalez, chief executive officer of CEMEX.

‘Combating global warming will only be possible with significant efforts by all sectors of society, and it will require a transformation of our infrastructure that is both more carbon-efficient and resilient.’

CEMEX are publishing the progress on their initiatives to mitigate global warming, as well as their achievements to build a sustainable future, through their 2015 Sustainable Development Report, which has been released for the thirteenth consecutive year.