CEMEX has published its 2021 Integrated Report:Building a Better Future,which includes a comprehensive analysis of the global building materials giant’s strategic vision, operational performance, corporate governance, and value creation.
The report highlights the Mexico-headquartered company’s essential value of its industrial activity, its climate action strategy, its commitment to innovation in the industry and unlocking new opportunities, and its focus on employee safety and wellbeing.
“Despite another year full of unique challenges, 2021 was certainly transformative for the company. The extraordinary results we achieved are a testament to the growth potential of our markets, our focus on customer experience, and, most importantly, the dedication and commitment of our people,” said Fernando A. González, CEO of CEMEX. “Sustainability remains one of our top priorities. The roadmap underpinning our climate action strategy, Future in Action, gives us the confidence that we can achieve our very ambitious targets and aspirations. Our performance in 2021 is evidence of that.”
Among the main accomplishments presented in CEMEX’s 2021 Integrated Report are:
Financial: • Net sales grew 14% to US$14.5 billion. • EBITDA improved 18% to US$2.9 billion, the largest increase in a decade. • Achieved leverage below three times in 2021.
Climate Action: • Recorded the largest CO2 reduction in a year: a 4.7% decrease of CO2 per ton of cementitious material. • Reduced clinker factor to 75.2%, its lowest level in 10 years. • Achieved highest consumption level of alternative fuels, at 29.2%, producing US$200 million in savings versus using fossil fuels. • First in the market to roll out globally its family of low-carbon products, Vertua, which build on the company’s existing base of sustainable products and solutions.• Established aggressive 2030 climate action goals which align with the industry’s most ambitious pathway (well below 2°C scenario), validated by the Science-Based Target Initiative (SBTi). • Joined the United Nations’ “Race to Zero” campaign and the Business Ambition for 1.5°C Coalition, which reaffirms the company’s commitment to delivering net-zero CO2 concrete by 2050. • Founding membership in the First Movers Coalition, the World Economic Forum initiative to create market demand for zero-carbon solutions.
Sustainability & Circular Economy: • Managed 57 times the waste CEMEX sent to landfills in 2021. • Executed its Social Impact strategy in the communities in which the company operates that positively impacted more than 25 million people on an accumulated basis. • Processed approximately 61% of sales through CEMEX Go, the company’s global digital platform. • Achieved, for the second consecutive year, the highest annual global Net Promoter Score of 68, substantially above the average for the construction and engineering industry.
CEMEX’s 2021 Integrated Report includes an external verification report carried out by KPMG and was prepared following the Global Reporting Initiative (GRI) standards, the Sustainability Accounting Standard Board (SASB) standards, and the guidelines established by the Task Force on Climate-Related Financial Disclosures (TCFD).
To learn more about CEMEX’s 2021 Integrated Report, visit: www.cemex.com/IntegratedReport2021
For more information on the company’s Future in Action program, visit: www.cemex.com/sustainability/future-in-action
