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News Cemex reports on sustainability steps taken in 2019

Cemex reports on sustainability steps taken in 2019

Written by Global Cement staff 27 March 2020
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Mexico: Cemex has shared its 2019 sustainability achievements in an integrated report entitled ‘Innovating for a Better World,’ which analyses the company’s strategic vision, operational performance and corporate governance against its commitment to drive innovation in the cement sector. Throughout the year, the company introduced its new Climate Action strategy to reduce CO2 emissions by 35% by 2030 and established an ambition to deliver net-zero CO2 concrete by 2050. It achieved an alternative fuel substitution rate of 28%, its highest since 2014, bringing its net specific CO2 emissions per tonne of cementitious product to 624kg.

Cemex’s net income was US$179m in 2019, down by 69% year-on-year from US$570m in 2018. Its sales declined by 8%, to US$4.3bn from US$4.7bn

Last modified on 01 April 2020
Published in Global Cement News
Tagged under
  • Mexico
  • Cemex
  • Sustainability
  • innovation
  • Report
  • Climate Action
  • Strategy
  • Emissions
  • target
  • GCW449

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