CEMEX is setting a new, more aggressive target to be below 475kg CO2, a near 40% reduction in CO2 emissions, by 2030. This new goal is aligned to the Well Below Two Degree scenario of the SBTi (Science Based Targets initiative).
CEMEX is now bringing forward its previous 2030 carbon goal of 520kg CO2, equivalent to a 35% reduction in emissions, by five years to 2025.
In addition, CEMEX, as the largest concrete producer in the Western world, commits to reducing its CO2 emissions in its concrete business by 35%, reaching 165kg of CO2 per m3 by 2030. Concrete plays a crucial role in the industry by offering additional pathways beyond cement to eliminate carbon and reach its net-zero ambition by 2050.
“Climate action is the biggest challenge of our times, and CEMEX is taking decisive action to address it,” said Fernando A. Gonzalez, CEMEX CEO. “We commit to continue leading the industry in climate action not only because it creates value but more importantly because it is the right thing to do. CEMEX is building a better future, and that future must be sustainable.”
The company expects to invest approximately US$60 million annually to achieve its new 2030 target. These new ambitious goals are a pillar under CEMEX’s Operation Resilience strategy and the core of the Future in Action program designed to reduce its carbon footprint.
In the roadmap to reach its 2025 and 2030 targets, CEMEX relies on existing operating protocols, materials, and proven technology that it has successfully deployed in Europe over the last two decades.
CEMEX’s levers to achieve its new target include the use of alternative fuels with high biomass content, hydrogen injection, low temperature and low CO2 clinker, decarbonated raw materials, optimisation of the kilns’ heat consumption and the reduction of clinker factor through the higher utilisation of blended cements in the market.
