Displaying items by tag: Sustainability

Colombia: Cementos Argos will hold the virtual launch of Argos Green Solutions on 17 March 2021. The company will use the group to set out its vision of innovation to build a sustainable future. President Juan Esteban Calle and sustainability vice president María Isabel Echeverri will host the event.

Colombia: BBVA has granted a US$45.1m loan to Grupo Argos subsidiary Cementos Argos. The loan includes a pricing adjustment mechanism which links its interest rate to the producer’s environmental, social and corporate governance (ESG) performance rating. The company said that the choice of financing arrangement aims to promote a greater commitment to sustainability management and compliance with socially and environmentally responsible practices that ensure the construction of a greener future. The transaction is the first of its kind in Colombia and constitutes Grupo Argos’ debut in sustainable financing.

Chief executive officer Juan Esteban Calle said, “This is a definite advance in line with our sustainability strategy that fills us with joy, not only because it contributes to our debt profile and reassures our commitment to sustainability as a strategic pillar and source of competitive advantage, but it is also a benchmark of trust for our investors and other stakeholders”

India: The Science-Based Targets Initiative (SBTI) has validated UltraTech Cement’s CO₂ emissions reduction targets. The validation confirms that the company’s targets are in line with a 2°C temperature rise scenario under the Paris Agreement. The targets consist of a 27% reduction in Scope 1 CO₂ emissions between 2017 and 2032 and a 69% reduction in Scope 2 CO₂ emissions between 2017 and 2032. This corresponds to a 462kg/t net CO₂ reduction for the producer’s cement.

Managing director Kailash Jhanwar said, “A changing climate scenario poses significant challenges for the built environment sector. It equally provides valuable opportunities to develop sustainable products and services. By committing to science-based targets, UltraTech Cement has once again demonstrated leadership in paving the way for the sector to help build sustainable infrastructure.”

Japan: Taiheiyo Cement plans to set up a Carbon Neutral Technology Development Project Team in April 2021. The team will develop and apply carbon capture and storage (CCS) technologies for installation at the producer’s cement kilns. The company said that the team seeks to develop cost-practical product for industrial application. Following on from this, it plans to develop CCS technologies which make use of other cement plant processes, and which integrates the circular economic use of industrial by-products. Carbon neutrality is the ultimate aim.

The group said, “By establishing a new project team that is a cross-company organisation, we will gather our wisdom and realise carbon neutrality. We will strongly promote the development of innovative technologies for this purpose.”

Colombia: Grupo Argos subsidiary Cementos Argos has recycled a total of 7m cement bags since 2013 under its Green Bags recycling initiative. The El Nuevo Siglo newspaper has reported that the recycled bags contained 1000t of paper. In water savings alone, the figure corresponds to 80,200m3 - enough water to supply 472,000 people for a day. 159 commercial customers have so far contributed their used bags. In the Medellín metropolitan area, the programme achieved a bag return rate of 95%.The group overcame coronavirus pandemic-related challenges to recycle 15,900 bags in 2020.

Germany: HeidelbergCement has detailed how it uses bonuses to ensure country and cement plant managers achieve their CO₂ reduction targets. Chief financial officer Lorenz Näger explained to financial analysts following the publication of the group’s fourth quarter results for 2020, that a plant’s annual reduction target is calculated against the group-wide ‘525 by 2025’ target of CO₂ emissions of 525kg/t of cementitious material by 2025. Plant performance against this is multiplied with a financial target to determine a manager’s bonus. This enables for the enlargement of bonuses at financially well-performing plants which exceed their emissions reduction targets. A similar mechanism is also used for country managers. Näger called the incentive mechanism a ‘step-changer.’

Pakistan: The National Forum for Environment and Health has awarded Maple Leaf Cement the Corporate Social Responsibility Award 2021 for its contributions to environment and community. The Business Recorder newspaper has reported that the company says it encourages a ‘positive impact’ on the environment, employees, community and all other stakeholders through its activities.

China: The government of Jiangsu province has awarded an Environmental Protection certificate to Imerys subsidiary Calderys’ Zhangjiang refractory plant. The company said that the certification results from years of hard to enhance environmental efforts beyond national requirements. One example of the work is dust-proof partitioning around all dust-emitting equipment.

Environment, health and safety supervisor Ricken Ren said, “In 2016, the plant improved the quality of its raw materials. With major work no longer required to lessen the water content of the materials, it was able to reduce the use of its dry kiln, which uses natural gases in its drying process, in turn greatly reducing the plant’s energy consumption. ” He added, “Keeping the plant’s environmental impact as low as possible is a never-ending job, and we cannot lose focus. We perform daily checks to ensure devices such as our dust collectors are working effectively, and we are always monitoring our emissions during operation according to national laws. Every department worked together on environmental protection performance. It is a great teamwork result.”

Chile: Melón has signed an electricity supply contract with Enel Generación. The contract covers the supply for its La Calera, Puerto Montt and Ventanas cement plants, and its San Bernardo aggregates quarry, until 2043, according to the La Tercera newspaper. All energy supplied under the contract will come from renewable sources. There is also the possibility of expanding the scope of the contract.

General Manager Iván Marinado said, “Our commitment to the sustainability of our operations is permanent. We have state-of-the-art technologies, we work together with our carriers in programmes to reduce logistical impact and energy efficiency, and we have a solid co-processing strategy for the use of alternative fuels (AF) and raw materials. Today we are happy to take a new step and start the use of renewable energies, as a concrete and effective example of our concern to contribute to the environmental improvement of the localities where we operate.”

Mexico: Cemex plans to start using hydrogen as part of its fuel mix at its cement plants around the world in 2021. The estimated cost of the roll-out is US$40m. The company says it completed the deployment of its hydrogen technology across all of its cement plants in Europe in 2020 following trials at the Alicante Cement Plant in Spain in mid- 2019.

Global operations, technical and energy vice-president Roberto Ponguta said, “The fast adoption of this new hydrogen-based technology is a clear example of Cemex's innovation efforts and its strong commitment to decarbonise the cement production process.” He added, "We continue to identify and deploy existing technologies which have a high potential to contribute to our sustainability goals, and hydrogen is a key lever.”