CEMEX present 2023 Integrated Report

24 March, 2024

Cemex have presented their 2023 Integrated Report, titled ‘Setting the Pace’

Company reveals operational and sustainability accomplishments in latest Integrated Report

CEMEX have presented their 2023 Integrated Report, titled ‘Setting the Pace’, in which they provide an analysis of their strategic vision, operational performance, and value creation in a year, in which they continued to set EBITDA and decarbonization records.

In 2023, Cemex not only achieved record EBITDA growth and set the stage for returning to investment grade, but also made substantial progress in their decarbonization commitments, reducing Scope 1 and 2 specific CO₂ emissions by 13% and 12%, respectively, since 2020. The company also launched its Regenera waste-management business worldwide as part of the expansion of its profitable Urbanization Solutions portfolio.

‘Our performance is testament to the focus and commitment of our employees worldwide,’ said Fernando A. González, chief executive officer of Cemex. ‘Their relentless innovation, unwavering dedication, and steadfast perseverance are creating a more resilient future for generations to come, as well as a profitable future for Cemex.’

Some of the main accomplishments presented in Cemex’s 2023 Integrated Report are:

Future in Action:

From 2020, Cemex reduced Scope 1 and 2 specific CO₂ emissions by 13% and 12%, respectively, a pace that would have taken 15 years to accomplish previously
First company in the industry to provide validated environmental impact disclosure for 100% of cement products
Vertua products account for 56% of total cement sales, with an average 45% CO₂ reduction
Vertua is now a US$7.2 billion global brand
Increased alternative fuel usage to 37%, the highest level in Cemex’s history
Decreased clinker factor to 72%, a record for the company’s cement operations
Repurposed close to 28 million tonnes of waste and by-products through the Regenera business line
Implemented water-optimization plans at 30% of the company’s sites located in water-stressed areas.

Financial:

Full-year EBITDA grew 25%, reaching a record US$3.35 billion
Free cash flow more than doubled to US$1.2 billion, reaching a six-year high
Consolidated net sales reached US$17.4 billion, an increase of 12%
EBITDA margin expanded 2 percentage points, recovering 2021 margins
Urbanization Solutions business grew 31%.

Stakeholder engagement:

Achieved a Net Promoter Score of 70, surpassing the industry customer loyalty benchmark
More than 60,000 customers globally have been onboarded to the Cemex Go digital platform
Processed approximately 60% of global orders through Cemex Go
Celebrated 25 years of the company’s flagship social programme Patrimonio Hoy, which has benefitted 665,000 families and improved the living conditions of more than 3 million people to date.

To read Cemex’s 2023 Integrated Report, click here.