WBCSD Highlights CEMEX’s Net Value to Society Statement
November 1, 2018
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that the World Business Council for Sustainable Development (“WBCSD”) recognized CEMEX’s best reporting practices in its 2018 “Reporting Matters,” highlighting the company’s Net Value to Society Statement. According to the WBCSD, the Net Value to Society methodology is a tool that “consolidates positive and negative impacts proving its suitability for managing sustainability in a holistic way while also providing key information for decision-making and risk management.”
CEMEX developed its Net Value to Society Statement to enhance understanding of the materiality, relevance, and interdependency of the company’s positive and negative impacts, including those considered as externalities. To determine this value, several economic, social, and environmental impacts are added or subtracted from CEMEX’s retained benefit . The result is an essential step to informed management and decision-making to improve the value that CEMEX contributes to the company, society, and the planet.
“Our Net Value to Society methodology responds to the need to reflect how CEMEX’s activities impact society, allowing us to be more transparent, manage risks better, and achieve our sustainability ambitions,” said Jesus Gonzalez, Executive Vice President of Sustainability and Operations Development of CEMEX. “We are proud to see that the results in 2017 demonstrated that the net value that CEMEX created for society is 2.35 higher than the company’s retained benefit. This underscores the great importance that our sustainability priorities have in the company’s strategy.”
First implemented as a key tool for sustainability management in CEMEX’s operations in the United Kingdom, in 2017 CEMEX validated its methodology with the comparable KPMG’s True Value methodology and began to apply it on a global level in CEMEX’s 2017 Integrated Report. To learn more about how CEMEX is creating value for society, please visit CEMEX’s 2017 Integrated Report, available at: https://cmx.to/2JmdUs9.
The WBCSD is an organization of over 200 leading businesses working together to accelerate the transition to a sustainable world. With companies from all businesses sectors and all major economies, the WBCSD helps make its members more successful and sustainable by focusing on the maximum positive impact for shareholders, the environment, and societies. For more information, please visit: www.wbcsd.org.
CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com.
CEMEX assumes no obligation to update or correct the information contained in this press release. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
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