CEMEX Decarbonization Goals Validated by the SBTi for Alignment with 1.5ºC Scenario

• CEMEX is amongst the first corporations in the international cement {industry} to validate its 2030 carbon discount targets by the SBTi for alignment underneath its 1.5ºC state of affairs.
• CEMEX’s targets are amongst the most formidable in the {industry}.
  
   

CEMEX, S.A.B. de C.V. (“CEMEX”) introduced immediately that it’s amongst the first corporations in the international cement {industry} to validate its 2030 decarbonization targets by the Science Based Targets initiative (SBTi) for alignment underneath their new 1.5ºC state of affairs, the most formidable pathway outlined for the {industry}. This validation contains scope 1, 2, and three targets.

CEMEX, the largest concrete producer in the western world and a worldwide chief in cement manufacturing, accelerated it decarbonization efforts by its Future in Action program in 2021, aiming to construct a extra sustainable, round future, with the main goal of changing into a net-zero CO₂ firm. Since then, the firm has achieved record-breaking CO₂ reductions, and its efficiency up to now has given the firm the confidence that it will possibly obtain a extra accelerated pathway for 2030.

“Climate change is the biggest challenge of our times, and the building materials industry must be at the forefront of decarbonizing the built environment,” stated Fernando A. González, CEO of CEMEX. “We are committed to being leaders on the path to net-zero through relentless innovation and aggressive targets that are backed up by meaningful and measurable progress. The SBTi’s validation is clear evidence of this. Through Future in Action, we are reducing carbon emissions in every part of our value chain and providing our customers with lower carbon products so they can also be part of the solution.”

“Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero,” stated Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative. “Today, CEMEX joins the growing list of companies cutting emissions across its entire value chain in line with science and it is playing its part in limiting warming to 1.5°C.”

For extra details about CEMEX’s targets, please go to www.cemex.com/sustainability/future-in-action

For extra details about SBTi, please go to www.sciencebasedtargets.org

CEMEX (NYSE: CX) is a worldwide building supplies firm that’s constructing a greater future by sustainable merchandise and options. CEMEX is dedicated to attaining carbon neutrality by relentless innovation and industry-leading analysis and growth. CEMEX is at the forefront of the round economy in the building worth chain and is pioneering methods to extend the use of waste and residues as various uncooked supplies and fuels in its operations with the use of latest applied sciences. CEMEX presents cement, ready-mix concrete, aggregates, and urbanization options in rising markets round the world, powered by a multinational workforce centered on offering a superior buyer expertise, enabled by digital applied sciences. For extra info, please go to: cemex.com

CEMEX assumes no obligation to replace or appropriate the info contained on this press launch. This press launch comprises forward-looking statements inside the which means of the U.S. federal securities legal guidelines. CEMEX intends these forward-looking statements to be coated by the protected harbor provisions for forward-looking statements in the U.S. federal securities legal guidelines. These forward-looking statements mirror CEMEX’s present expectations and projections about future occasions primarily based on CEMEX’s information of current details and circumstances and assumptions about future occasions, in addition to CEMEX’s present plans primarily based on such details and circumstances. These statements essentially contain dangers and uncertainties that might trigger precise outcomes to vary materially from CEMEX’s expectations. The content material of this press launch is for informational functions solely, and you shouldn’t construe any such info or different materials as authorized, tax, funding, monetary, or different recommendation. CEMEX will not be accountable for the content material of any third-party web site or webpage referenced to or accessible by this press launch.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20221110005461/en/