US: California Governor Gavin Newsom has signed a bill requiring the California Air Resources Board (CARB) to develop a plan by mid-2023 for the state’s cement producers to achieve net zero emissions of greenhouse gases by the end of 2045 at the latest. A 40% reduction compared to 2019 levels would also be required by the end of 2035 with interim targets set beforehand. CARB will also be obliged to ‘define a metric for greenhouse gas intensity,’ monitor emissions data, set a baseline to measure emissions reduction progress, evaluate measures to support market demand and financial incentives to encourage the production and use of low-carbon cement amongst other actions.
SCG Packaging takes out US$148m sustainability-linked loan
Thailand: SCG Packaging has taken a US$148m four-year loan from Bank Ayudhya. The loan is subject to environmental, social and governance (ESG) criteria and key performance indicators. The loan’s interest rate is tied to the company's sustainability performance targets, namely reducing greenhouse gas emissions, managing water resources and increasing the sales portion of its Green Choice label products and services. Bank Ayudhy will serve as sustainability coordinator, with the ability to adjust it down annually if sustainability goals are met.
HeidelbergCement acquires minority stake in Command Alkon
Germany: HeidelbergCement has invested in a 45% stake in Thoma Bravo’s supply chain software subsidiary Command Alkon. The group says that the companies’ collaboration can help advance heavy building materials supply chains’ digital transformation. It said that this will entail more transparent industry standards for seamless connectivity, improved solutions to customers’ everyday pain points, an increased pace in innovation and an acceleration of sustainability efforts. HeidelbergCement will continue to autonomously operate its proprietary digital product suite HConnect.
Chair Dominik von Achten said “As part of our Beyond 2020strategy, our clear goal is to become the first industrial tech company in our sector.” He added “We have made significant progress in our independently developed HConnect digital customer experience since its development in 2018. The investment in Command Alkon and the partnership with Thoma Bravo now allows us to monetise the hidden potential of our assets and translate it into a new growth path for HeidelbergCement. Together, we will build the digital ecosystem of the future for the heavy building materials industry.”
Hoffmann Green Cement Technologies secures first retail supply contract for H-Iona slag cement
France: Hoffmann Green Cement Technologies has signed a contact with Réunion-based retailer Ravate Group, under which the latter will stock its H-Iona slag cement in its shops in Réunion, Mauritius and Mayotte until 2025. The producer says that the first deliveries will follow in late 2021.
Owners Julien Blanchard and David Hoffmann said “Providing professionals and the general public with the possibility of buying very low-carbon cement, and thus of helping fight global warming, is a source of great pride for Hoffmann. We are delighted to have signed this first H-Iona distribution contract with Ravate Group, an independent family-run business with which we share many values such as innovation and respecting the environment. This partnership will allow us to increase our current order book and generate deliveries of bags of cement from 2021. We intend to sign more partnership deals of this type in order to be able to supply H-IONA and its exceptional benefits, notably environmental benefits, to as many people as possible.” Ravate Group operates over 40 outlets.


