CEMEX look to tighten decarbonization goals
Company commits to most ambitious decarbonization pathway in building materials industry
CEMEX announced this week that they are working with the Science-Based Targets initiative (SBTi) to validate their 2050 net-zero CO2 roadmap and their 2030 decarbonization goals to align with its recently announced 1.5 degrees C scenario. By doing so, CEMEX are committed to having the most ambitious decarbonization pathway in the building materials industry.
CEMEX’s previous goals were aligned to the Well-Below 2 degrees C scenario, but after helping develop the new 1.5 degree framework as a member of the SBTi’s expert advisory group, the company has now aligned its Future in Action goals to the new standard and submitted them for review by the SBTi. As part of this verification process, CEMEX will also establish 2030 and 2050 targets for their main Scope 3 emissions.
‘Mitigating climate change and decarbonizing the construction industry is our top priority,’ said Fernando A. González, chief executive officer of CEMEX. ‘The record-breaking CO2 reduction we achieved through Future in Action in the past 18 months gives us confidence that a more accelerated pathway for 2030 is possible. We are keenly aware of the role that our industry must play in the race to zero and are committed to continue leading in this challenge.’
CEMEX have also submitted their long-term net-zero roadmap to the SBTi for validation. The company’s intention to align its roadmap to SBTi’s Net-Zero Standard reflects its confidence that it is on the right path to net zero and to contribute meaningfully to the world’s 2050 goal. One of the key requirements to reach the SBTi’s Net-Zero Standard is aggressive carbon reduction across a company’s entire value chain, including its own processes (Scope 1), purchased electricity and heat (Scope 2), and the company’s suppliers and end-users (Scope 3).
