Mexico: Cemex has received validation from the Science-Based Targets Initiative (SBTi) for its 2030 global CO2 emissions reduction targets. The validation attests that the targets conform with the Paris Agreement’s well-below 2°C global warming limit. Under its Future in Action programme, Cemex aims to reduce its cement’s carbon footprint to 40% compared to 1990 levels and achieve 55% renewable energy use by 2030. The company says that it has the global cement industry’s most ambitious 2030 targets.
CEO Fernando Gonzalez said “Climate action is the biggest challenge of our times. Cemex is taking decisive action to address it by defining ambitious emissions reduction targets in line with the SBTi, and executing against those targets.” He added “We commit to continue leading the industry in climate action not only because it creates value, but more importantly because it is the right thing to do. Cemex is building a better future, and that future must be sustainable.”