CEMEX validates 2050 net-zero CO2 target with SBTi

CEMEX validates 2050 net-zero CO2 target with SBTi
09 December 2022

CEMEX has validated its 2050 net-zero CO2 target through the Science Based Targets initiative (SBTi), becoming one of the first companies in the industry to do so. The validation accounts for CEMEX’s short-term 2030 targets, previously validated by the SBTi for alignment with their 1.5ºC scenario, and long-term targets along its entire value chain. 

CEMEX’s alignment of its roadmap to SBTi’s Net-Zero Standard reflects its confidence that it is on the right path to net-zero and to contribute meaningfully to the world’s 2050 goal. 

One of the key requirements to reach the SBTi’s Net-Zero Standard is aggressive carbon reductions across a company’s entire value chain, including emissions produced by their own processes (scope 1), consumed electricity (scope 2), and generated by a company’s suppliers and end-users (scope 3). 

“The construction industry is essential to the development and wellbeing of society, and its transition to carbon neutrality is achievable,” said Fernando A. González, CEO of CEMEX. “The SBTi’s validation of our decarbonisation target attests to this as well as the strength of our commitment to achieve the most aggressive CO2 reduction goals.” 

The SBTi is a partnership between the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature, and one of the most recognised bodies for scientific evaluation of corporate decarbonisation roadmaps. 

Published under Cement News