About Us - Press Release - CEMEX receives United Nations award for its contributions to the fight against poverty
September 22, 2010
CEMEX, S.A.B. de C.V. (NYSE: CX) was honored yesterday at the World Business and Development Awards by the United Nations Development Program (UNDP), the International Chamber of Commerce (ICC), and the International Business Leader Fund (IBLF). CEMEX was recognized for its contributions toward achieving the Millennium Development Goals through several of the Company's programs to foster and facilitate development.
Martha Herrera, CEMEX director of Social Responsibility and Community Development in Mexico, was on hand to receive the award on behalf of the Company at a ceremony headed by Helen Clark, Administrator of the UNDP, and also included Dr. Mo Ibrahim, Founder and Chair of the Mo Ibrahim Foundation; Andrew Mitchell, Secretary of State for the UK Department for International Development; Rajiv Shah, administrator of the US Agency for International Development; and the President of Liberia, Ellen Johnson Sirleaf.
Created in the year 2000, the World Business and Development Awards foster the pursuit of productive and innovative business-driven solutions to sustainable development.
Among the community development programs for which CEMEX is being recognized is Centros Productivos de Autoempleo. This initiative consists of establishing community centers where low-income families can produce basic building materials for the construction or expansion of their homes. The program has already benefited over 3,000 families through 193,916 square meters of construction.
CEMEX creates these centers in partnership with municipal or state authorities. The centers offer families temporary employment in which they help produce concrete blocks used for construction. Half of the blocks produced are then given back to the families for use in constructing, repairing, or expanding their homes; the other half is bought by the municipal or state government for use in infrastructure development.
Recently, the centers have been a crucial part of CEMEX's strategy to aid the victims of Hurricane Alex in the northern Mexico state of Nuevo Leon. In addition to opening ten centers, CEMEX also donated 550 tons of cement for the production of concrete blocks as well as materials for the creation of 220 housing starts.
The Millennium Development Goals were agreed upon by 189 countries, which set 2015 as the deadline for reaching them. The goals are related to eight main areas:
- Eradicate extreme poverty and hunger
- Achieve universal primary education
- Promote gender equality and empower women
- Reduce child mortality rate
- Improve maternal health
- Combat HIV/AIDS, malaria, and other diseases
- Ensure environmental sustainability
- Develop a global partnership for development
This is the third time in four years that CEMEX has been recognized by the United Nations for offering viable, innovative solutions for low-income families to improve their quality of life. In 2006 the Company received the World Business and Development Award for its Patrimonio Hoy program, and in 2009 it received the UN-HABITAT Award in the Accessible Housing Solutions category, also for its Patrimonio Hoy and Centros Productivos de Autoempleo programs.
CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements of CEMEX to be materially different from those expressed or implied in this release, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CEMEX does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release.