GCP Products Address 60% of Concrete & Cement Actions for Net Zero Future

Rhea-AI Summary

GCP Applied Technologies has announced that its sustainable solutions have successfully reduced CO₂ emissions by approximately 23 million tons in 2021, equivalent to removing seven million cars from the road daily. The company is addressing over 60% of the sustainability actions outlined by the Global Cement and Concrete Association to achieve carbon-neutral concrete by 2050. GCP’s products are designed to cut costs while minimizing environmental impact, with an aim to help the cement industry reduce 500 million tons of CO₂ yearly.

Positive

• GCP's products reduced customer CO₂ emissions by 23 million tons in 2021.
• Aligns with GCCA's roadmap for net-zero concrete, addressing over 60% of outlined actions.
• Targets to enable cement producers to save 500 million tons of CO₂ annually.

Negative

• None.

GCP’s Sustainable Solutions Proven to Reduce CO₂ Emissions by 23M Tons

ALPHARETTA, Ga., March 10, 2022 (GLOBE NEWSWIRE) -- GCP Applied Technologies (NYSE:GCP), a leading global provider of construction products, reveals product solutions that address over 60% of actions outlined by the Global Cement and Concrete Association (GCCA) to commit to producing carbon neutral concrete by 2050.

With cement accounting for 8% of global man-made CO₂ emissions, it is paramount to source solutions to improve sustainability. GCP recognizes that options must also be cost efficient, and offers products that not only reduce carbon throughout the lifecycle of concrete, but reduce costs. In 2021, GCP’s cement additives and concrete admixtures reduced their customers’ CO₂ emissions by an estimated 23 million tons, equivalent to taking seven million cars off the road every day.

“This is a pivotal moment in the concrete and cement industry. Producers are under considerable pressure to change the way they produce cement and develop new approaches that are more sustainable. We are here to help them get there,” said GCP President & CEO Simon Bates. “Our solutions reduce waste and energy consumption through the entire cycle of concrete production while improving strength. GCP products enable plants to reduce their environmental footprint, while also saving them money.”

GCP’s products align with the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete, playing a key role in reducing CO₂ and operational costs, in addition to extending the life of concrete structures. The company’s sustainability goal is to further enable cement and concrete producers to save 500 million tons of CO₂ per year, therefore reducing over 1% of man-made CO₂ emissions.

About GCP Applied Technologies
GCP Applied Technologies (NYSE: GCP) is a leading global provider of construction products that include high-performance specialty construction chemicals and building materials. GCP partners with producers, contractors, designers and engineers to achieve performance and sustainability goals. The company has a legacy of first to market and award-winning solutions that have been used to build some of the world’s most renowned structures. GCP is focused on continuous improvement for its customers, end-users and the environment.

For more information, visit GCP's website at www.gcpat.com.

Media Relations
Catherine Meihofer
+1 678-575-1927
mediainfo@gcpat.com

Investor Relations
William I. Kent, IRC
+1 720-445-2629
investors@gcpat.com

FAQ

What did GCP announce regarding CO₂ emissions?

GCP announced its solutions reduced CO₂ emissions by approximately 23 million tons in 2021.

How does GCP plan to achieve carbon neutrality in concrete by 2050?

GCP's products support over 60% of the sustainability actions outlined by the Global Cement and Concrete Association.

What is GCP's sustainability goal for CO₂ reduction?

GCP aims to help cement producers save 500 million tons of CO₂ emissions annually.

How does GCP's reduction in CO₂ emissions compare to everyday impacts?

The reduction of 23 million tons of CO₂ is equivalent to taking seven million cars off the road each day.