Company showcases significant operational and sustainability advancements in latest report
CEMEX have published their 2024 Integrated Report, titled ‘Our Future in Action: Accelerating a Sustainable World’, showcasing their operational and strategic performance in 2024. Last year was marked by solid financial results, the recovery of the company’s investment-grade rating, and progress in its decarbonization agenda in alignment with Cemex’s 2030 targets.
In 2024, Cemex achieved the second-strongest sales and operating EBITDA in their recent history, alongside the highest free cash flow after maintenance capital expenditures since 2017. The company also made significant progress on its decarbonization targets through its Future in Action programme.
‘Our global team’s focused and committed efforts have advanced a business model with sustainable attributes, seeking to ensure both environmental progress and long-term value creation for Cemex,’ said Fernando A. González, chief executive officer of Cemex.
‘This year’s report demonstrates strategic progress in executing our growth strategy, reinforces our commitment to our Future in Action programme, and underscores the power of going beyond traditional social responsibility to support our climate action goals.’
Some of the main accomplishments presented in Cemex’s 2024 Integrated Report are:
Financial:
Regained an investment-grade rating by Standard & Poor’s and Fitch
Reached US$939 million in net income, a record level in Cemex’s recent history
Announced a progressive shareholder dividend programme.
Future in Action:
Since 2020, Cemex have reduced cement Scope 1- and 2-specific CO2 emissions by 15% and 18%, respectively – a pace that would have previously taken 16 years to achieve
Vertua products accounted for 63% of total cement sales and 55% of total concrete sales, exceeding the company’s 2025 sales goal of 50%
Awarded a €157 million EU Innovation Fund grant for CO2 capture at Cemex’s Rüdersdorf plant in Germany, which is expected to become the company’s first net-zero plant
Ranked number 1 by the World Benchmarking Alliance among 91 companies in hard-to-abate industries, including steel and aluminium, achieving the highest climate transition score.
Stakeholder Engagement:
Achieved a Net Promoter Score of 74, surpassing the industry customer loyalty benchmark
Launched the Cemex Go Acceleration Programme in the US, resulting in a 60% increase in order adoption rates
Named to the Fortune Change the World List for the fourth year, recognizing Cemex’s stakeholder engagement.
To read Cemex’s 2024 Integrated Report, click here.
