CEMEX announced that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5º c scenario. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry.
CEMEX’s previous goals were aligned to the Well-Below 2ºC scenario. After helping develop the new 1.5º framework as a member of the SBTi’s Expert Advisory Group, CEMEX has now aligned its Future in Action goals to the new standard and submitted them for review by the SBTi and encourages others within the industry to do the same. As part of this verification process, CEMEX will also establish 2030 and 2050 targets for its main scope 3 emissions.
“Mitigating climate change and decarbonizing the construction industry is our top priority,” says Fernando A. González, CEO of CEMEX. “The record-breaking CO2 reduction we achieved through Future in Action in the past 18 months gives us confidence that a more accelerated pathway for 2030 is possible. We are keenly aware of the role that our industry must play in the race to zero and are committed to continue leading in this challenge.”
CEMEX has also submitted its long-term net-zero roadmap to the SBTi for validation. The company’s intention to align its roadmap to SBTi’s Net-Zero Standard reflects its confidence that it is on the right path to net-zero and contribute meaningfully to the world’s 2050 goal. One of the key requirements to reach the SBTi’s Net-Zero Standard is aggressive carbon reductions across a company’s entire value chain, including those produced by their own processes (scope 1), purchased electricity and heat (scope 2), and generated by a company’s suppliers and end-users (scope 3).
Innovation is at the core of CEMEX’s Future in Action program, exemplified by Vertua, its family of products with sustainability attributes that includes lower-carbon cements and the first net-zero CO2 concrete. Vertua has seen excellent market adoption, so much so that CEMEX expects that Vertua lower-carbon products should account for most of its sales by 2025. Through Vertua, CEMEX is helping its customers to help building a better, more sustainable future.
