CDP awards Cemex with its highest rating for environmental transparency and performance
12.02.2024
CDP’s 2023 Climate Change questionnaire: A-score for Cemex
Copyright: Cemex
Cemex has been recognized for environmental leadership and transparency in climate action disclosure by global environmental non-profit organization CDP, securing a place on its annual ‘A List’. Based on data reported through CDP’s 2023 Climate Change questionnaire, Cemex is one of a small number of companies that achieved an ‘A’ out of over 21,000 companies scored. Since the launch of its Future in Action program in 2020, Cemex has reduced its CO₂ emissions by 13%, a reduction that previously would have taken it 15 years to achieve.
“We are proud to be part of this prestigious group of climate action leaders and to receive CDP’s ‘A’ rating, which reflects Cemex’s leadership in climate action and transparency through significant demonstrable actions,” said Fernando A. González, CEO of Cemex. "In this ‘decade to deliver’ we are committed to reaching our ambitious decarbonization goals so that Net Zero is achievable by 2050.”
“Earning a place on the ‘A’ List is about more than the score,” said Sherry Madera, CEO of CDP. “It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and crucially enables them to follow through on their ambitions.”
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. The organization uses a detailed and independent methodology to assess companies, allocating a score from ‘A’ to ‘D’ based on the comprehensiveness of disclosure, awareness, and management of environmental risks, as well as the demonstration of best practices associated with environmental leadership.
CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform.
Under its Future in Action program, Cemex established climate action targets of a reduction of 47% of its scope 1 CO2 emissions by 2030 vs. 1990, and a reduction of 58% of its scope 2 emissions vs. 2020. These goals are among the most ambitious in the cement industry and were verified by SBTi under the 1.5 °C scenario. These intermediate goals should enable the company to fulfill its ultimate goal of becoming a net-zero CO2 company by 2050.
You may access the complete list of companies that achieved the highest supplier participation rating at the following link: https://www.cdp.net/en/companies/companies-scores
