Cemex tops industry In 2024 Climate and Energy Benchmark

Monterrey, Mexico. May 7, 2024. Cemex has been recognized as the industry’s top-scoring company in the World Benchmarking Alliance’s 2024 Climate and Energy Benchmark. This recognition demonstrates Cemex’s commitment to transitioning to a lower-carbon cement industry, with the aim of becoming a net-zero CO₂ company by 2050.

The World Benchmarking Alliance (WBA) measured and ranked 91 of the world’s most influential aluminum, cement, and steel companies for the first time based on their emission targets and transition to a lower-carbon future. Cemex achieved the highest score in the overall cement ranking after the WBA assessed the company’s climate performance using industry specific Accelerate Climate Transition (ACT) methodologies, as well as social and just transition indicators.

“We are proud to achieve the highest score in the 2024 Climate and Energy Benchmark ranking, demonstrating Cemex’s leadership in climate action and social impact,” said Fernando A. González, CEO of Cemex. “We are committed to achieving our ambitious 2030 decarbonization goals on the path to becoming a net-zero company by 2050 while making a positive and lasting difference in our communities.” 

WBA develops transformative benchmarks that compare companies’ progress against the Paris Agreement and a just transition. The benchmarks are supported by available science while leveraging existing international norms.

Since the launch of Cemex’s Future in Action program in 2020, the company has achieved record-breaking progress in decarbonization, reducing Scope 1 and 2 emissions by 13% and 10%, respectively, a pace that previously would have taken Cemex 15 years to accomplish. Future in Action focuses on achieving sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net zero CO₂ company by 2050.

You may access the complete ranking at the following link:
https://www.worldbenchmarkingalliance.org/publication/heavy-industries/rankings/

About Cemex 

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

About WBA

The World Benchmarking Alliance is a non-profit organization that assesses and ranks the world’s most influential companies on their contribution to the Sustainable Development Goals. The organization publishes free and publicly available benchmarks to empower all stakeholders, from investors to consumers, to hold the private sector accountable on the role in building a more sustainable world that works for everyone.