The environmental non-profit organisation CDP has 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 the 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 decarbonisation 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 recognised 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 reducing 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 fulfil 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: https://www.cdp.net/en/research/global-reports/engaging-the-chain#supplier-engagement-2021
