CEMEX has begun 2021 with a strong execution of its investment, growth and climate action strategy in EMEAA (Europe, Middle East, Africa & Asia).
The seven bolt-on investments are aligned to its key priorities of climate action, sustainable construction and EBITDA growth, representing advances in fossil fuel reduction, lower CO2 footprint products, circular economy, recycling and products that demonstrate life cycle CO2 and energy consumption advantages for buildings.
The all-European investments include a new, lower-carbon alternative fuel system in the Czech Republic, circular economy and recycling improvements in France and the UK, lower CO2 cement in Croatia, efficiency upgrades to sites in the UK and Spain, and lightweight concrete capability in Spain.
“We have made a strong start to our 2021 ambitions to both grow our business and improve our climate impact,” comments Sergio Menendez, regional president for EMEAA. “In 2020, we achieved our ambition of a 35% reduction in our CO2 emissions compared to our 1990 baseline in Europe. We are also the first company in our sector to align our Europe operations to the EU aspiration to reduce CO2 emissions by at least 55% by 2030. These investments represent further advances towards this 2030 target, as well as to deliver net-zero CO2 concrete globally by 2050.”
