Cemex continues addressing climate change and fostering innovation
Cemex has published its Integrated Report 2019: “Innovating for a Better World,” which includes a complete analysis of Cemex’s strategic vision, operational performance, corporate governance, and value creation at a global level. The report highlights the company’s new Climate Action strategy and its commitment to drive the industry’s innovation by unlocking new value opportunities.
Among the main achievements presented in the Cemex Integrated Report 2019 are:
Cemex introduction of its new Climate Action strategy, outlining the company’s vision to advance towards a carbon-neutral economy and to address society’s increasing demands more efficiently, which includes a more ambitious strategy to reduce CO2 emissions by 35% by 2030
To complement this strategy with a longer-term vision, Cemex also established an ambition to deliver net-zero CO2 concrete by 2050. Cemex believes concrete has a key role to play in the transition to a carbon-neutral economy
The company achieved an alternative fuels rate of 28%, its highest rate in the past five years. Moreover, 30% of its cement power consumption is supplied from renewable energy. These milestones and other mitigation efforts enabled Cemex to reduce its net CO2 emissions per ton of cementitious product by 22%, compared to its 1990 baseline
Cemex reached a low level of employee lost-time injuries (LTIs) for the sector and made progress across most of its countries, with 96% of the company’s operations achieving ZERO fatalities and LTIs
Through its innovative Growing Platform of shared value programs, Cemex continued to bring together communities and local authorities to tackle critical social issues, from housing and unemployment to access to basic services. To date, through the company’s various responsible business initiatives, Cemex has positively impacted more than 17.6 million people around the world, generating shared value and contributing to the United Nations Sustainable Development Goals (SDGs), particularly those related to climate action, life on land, sustainable cities and communities, industry, innovation and infrastructure, and decent work and economic growth.
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