Cemex has announced that it is setting a new, more aggressive target to be below 475 kg CO2, an approximately 40% reduction in CO2 emissions, by 2030. This new goal is aligned to the Well Below Two Degree scenario of the SBTi.
Cemex is now bringing forward its previous 2030 carbon goal of 520 kg CO2, equivalent to a 35% reduction in emissions, by five years to 2025.
In addition, Cemex commits to reduce its CO2 emissions in its concrete business by 35%, reaching 165 kg of CO2 per m3 by 2030. Concrete plays a crucial role in the industry by offering additional pathways beyond cement to eliminate carbon and reach its net zero ambition by 2050.
The company expects to invest approximately US$ 60 million annually to achieve its new 2030 target. These new ambitious goals are a pillar under Cemex’s Operation Resilience strategy and the core of the Future in Action program designed to reduce its carbon footprint.
In the roadmap to reach its 2025 and 2030 targets, Cemex relies on existing operating protocols, materials, as well as proven technology, which it has been successfully deploying in Europe over the last two decades.
Cemex’s levers to achieve its new target include the use of alternative fuels with high biomass content, hydrogen injection, low temperature and low CO2 clinker, decarbonated raw materials, optimization of the kilns’ heat consumption and the reduction of the clinker factor through the higher utilization of blended cements in the market.