Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Charles Fruitiere, CDP, UK.
In June 2016 CDP analysed a US$120bn group of the 12 largest global cement companies. Cement is an important industry for investors, not least because it is responsible for approximately five per cent of global carbon emissions. Therefore, there is strong demand from institutional investors to know how global cement companies plan to tackle the significant challenges they will face as the Paris Agreement is put into effect.