Cemex Tops Industry in 2024 Climate and Energy Benchmark
Cemex has been recognized as the industry's top-scoring company in the World Benchmarking Alliance's 2024 Climate and Energy Benchmark, showcasing its commitment to transitioning to a lower-carbon future and aiming to be a net-zero CO2 company by 2050. The company achieved the highest score in the cement industry ranking, reflecting its dedication to climate action and social impact.
Cemex recognized as the industry's top-scoring company in the 2024 Climate and Energy Benchmark.
Acknowledged commitment to transitioning to a lower-carbon cement industry.
Aiming to become a net-zero CO2 company by 2050.
Achieved the highest score in the overall cement ranking by the World Benchmarking Alliance.
Record-breaking progress in decarbonization with a 13% reduction in Scope 1 and 10% reduction in Scope 2 emissions.
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The World Benchmarking Alliance (WBA) measured and ranked 91 of the world’s most influential aluminum, cement, and steel companies for the first time based on their emission targets and transition to a lower-carbon future. Cemex achieved the highest score in the overall cement ranking after the WBA assessed the company’s climate performance using industry specific Accelerate Climate Transition (ACT) methodologies, as well as social and just transition indicators.
“We are proud to achieve the highest score in the 2024 Climate and Energy Benchmark ranking, demonstrating Cemex’s leadership in climate action and social impact,” said Fernando A. González, CEO of Cemex. "We are committed to achieving our ambitious 2030 decarbonization goals on the path to becoming a net-zero company by 2050 while making a positive and lasting difference in our communities.”
WBA develops transformative benchmarks that compare companies’ progress against the Paris Agreement and a just transition. The benchmarks are supported by available science while leveraging existing international norms.
Since the launch of Cemex’s Future in Action program in 2020, the company has achieved record-breaking progress in decarbonization, reducing Scope 1 and 2 emissions by
You may access the complete ranking at the following link:
https://www.worldbenchmarkingalliance.org/publication/heavy-industries/rankings/
About Cemex
Cemex 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 help 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
About WBA
The World Benchmarking Alliance is a non-profit organization that assesses and ranks the world’s most influential companies on their contribution to the Sustainable Development Goals. The organization publishes free and publicly available benchmarks to empower all stakeholders, from investors to consumers, to hold the private sector accountable on the role in building a more sustainable world that works for everyone.
Except as the context otherwise may require, references in this press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of the
There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as ‘green’, ‘social,’ or ‘sustainable’ or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as ‘green’, ‘social’, or ‘sustainable’ or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.
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Analyst and Investor Relations -
Blake Haider
+1 (212) 317-6011
ir@cemex.com
Analyst and Investor Relations - Monterrey
Fabián Orta
+52 (81) 8888-4327
ir@cemex.com
Media Relations
Jorge Pérez
+52 (81) 8259-6666
jorgeluis.perez@cemex.com
Source: Cemex
FAQ
<p>What did Cemex achieve in the 2024 Climate and Energy Benchmark?</p>
Cemex was recognized as the top-scoring company in the 2024 Climate and Energy Benchmark, showcasing its commitment to transitioning to a lower-carbon future and aiming to be a net-zero CO2 company by 2050.
<p>How did Cemex perform in the industry's ranking by the World Benchmarking Alliance?</p>
Cemex achieved the highest score in the overall cement ranking by the World Benchmarking Alliance for its climate performance and transition to a lower-carbon future.
<p>What progress has Cemex made in decarbonization?</p>
Cemex has achieved record-breaking progress in decarbonization, reducing Scope 1 and 2 emissions by 13% and 10%, respectively, since the launch of its Future in Action program in 2020.