Future in Action - Corporate Website
Future in Action
The path to carbon neutrality
Our purpose is to build a better future, and in order to do that we must address humanity’s most pressing issue: climate change. As one of the world’s largest building solutions providers, climate action has been a priority for Cemex for many years.
We are fully aware that our production processes have a carbon footprint. According to the Global Cement and Concrete Association (GCCA), the cement industry is the source of about 5% - 8% of the world’s CO₂ emissions. We also know that our end-product, ready-mix concrete, is the most used man-made material in the world and plays an essential role in society’s development and growth. This sets the stage for us to contribute to climate change mitigation by reducing CO₂ emissions in our production processes, as well as the entire life cycle of our products.
Climate Action Goals and Ambitions
Recognizing that global climate action goals require stronger efforts, and ensuring sustainability is at the core of everything we do, we created Future in Action, a program focused on developing lower-carbon products, solutions, and processes to become a net-zero CO2 company.
The objective is clear: achieving carbon neutrality. In order to reach it, we are setting aggressive decarbonization goals with a very specific roadmap to achieve them and working with external partners to validate and endorse our commitments. On this note, we estimate to annually invest ~US$150 M to achieve our 2030 CO2 targets.
Our ultimate goal is to become a net-zero CO2 company by 2050. To ensure we are on the right track, we have set the most ambitious 2030 targets available to the industry:
2030
Scope 1 Goals*
41% less of carbon content in concrete
Scope 2 Goals**
New Scope 3 Goals**
30% reduction in transport emissions
40% reduction of Scope 3 emissions per ton of purchased fuels
42% reduction in absolute Scope 3 emissions from the use of traded fuels
** 2020 baseline
2050
Our Focus
Future in Action recognizes that the opportunity for reducing emissions is not limited to the production process but to the entire life cycle of our products, as well as transforming the industry’s value chain.
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.
To do this, the program concentrates on six pillars:
Results
Global Alignment and Validation
Cemex is among the first companies in the global cement industry to validate its 2030 decarbonization goals through the Science-Based Targets initiative for alignment under their new 1.5ºC scenario, the most ambitious pathway defined for the industry. This validation includes Scope 1, 2, and 3 targets, allowing us to contribute to meet the Paris Agreement goals and comply with the Business Ambition for 1.5°C by the United Nations. These goals keep us on the right path to achieving our ultimate goal to become a net-zero CO₂ company by 2050.
We joined the United Nations’ “Race to Zero” campaign, and as of November 2021 we are a founding member of the First Movers Coalition, an initiative of the World Economic Forum to create market demand for zero carbon solutions.
Cemex at COP28
