CEMEX recognized by CDP as global leader in supply chain carbon reduction efforts
February 14, 2022
- CDP named CEMEX a “Supplier Engagement Leader”.
- CEMEX is one of the leading companies working with suppliers to reduce the environmental impact across its supply chain.
- CDP previously recognized CEMEX´s overall leadership in Climate Action with its top rating of A.
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that the environmental non-profit organization CDP named CEMEX a global leader in its Supplier Engagement Rating (“SER”). CDP awarded CEMEX its top score A for implementing best practices and successfully engaging its supply chain on climate change.
The SER evaluates scope 3 emission objectives, company efforts to engage suppliers on climate action, and close monitoring of supply chain. CEMEX is part of a growing group of CDP supply chain members and SER leaders charting paths toward significant environmental action.
“We are pleased with CDP´s recognition of our decarbonization efforts and happy to be part of this prestigious group of leaders in climate action. It is further proof of our commitment to our goal of delivering only net-zero CO2 concrete by 2050,” said Vicente Saiso, Global Sustainability Vice President of CEMEX.
In the most recent reporting cycle, CDP (formerly known as the Carbon Disclosure Project) awarded CEMEX its highest rating for climate action leadership, including the company in its prestigious ‘A List.’ CDP recognized CEMEX for its actions to cut emissions, mitigate climate risks and lead in the transition to a low-carbon economy. Additionally, CDP highlighted CEMEX efforts to ensure water security in the world.
Under its Future in Action program, CEMEX announced a climate action target of a reduction of 40% of its CO2 emissions by 2030. Additionally, the company set a goal for clean electricity consumption, currently 29%, of 55% by 2030. These goals are the most ambitious in the cement industry and are verified by SBTi under the well-below 2°C scenario. These intermediate goals will enable the company to fulfill its 2050 goal of being net-zero carbon in concrete.
You may access the complete list of companies that achieved the highest supplier participation rating at the following link:
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: www.cemex.com
CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
Analyst and Investor Relations
Alfredo Garza / Fabián Orta