CEMEX, S.A.B. de C.V. announced a new Climate Action strategy, which outlines the company’s vision to advance towards a carbon-neutral economy and to address society’s increasing demands more efficiently, noting ” we believe that climate change is one of the biggest challenges of our time and support the urgency of collective action.”
To date, it reports that it has reduced net specific CO2 emissions by more than 22 percent compared to its 1990 baseline. “But we acknowledge that this is not enough,” the company wrote in a press release. The company has increased its target to a 35-percent reduction of net specific CO2 emissions by 2030. It is also establishing a new ambition to deliver net-zero CO2 concrete by 2050.
“Climate change has been a priority for CEMEX for many years. Our efforts have brought significant progress to date, but we must do more. This is why we have defined a more ambitious strategy to reduce CO2 emissions by 2030 and to deliver net-zero CO2 concrete by 2050,” said Fernando A. Gonzalez, CEO of CEMEX. CEMEX has an alternative fuel substitution rate of 27 percent.
The company has created a detailed CO2 roadmap to accelerate the roll-out of proven technologies in all of its facilities, including investing in energy efficiency, using alternative fuels, expanding the use of renewable energy, and increasing the substitution of clinker with alternative cementitious materials.