CEMEX leads the field in WBA climate and energy benchmark

CEMEX leads the field in WBA climate and energy benchmark
09 May 2024

CEMEX has been recognised as the industry’s top-scoring company in the World Benchmarking Alliance’s 2024 Climate and Energy Benchmark. According to the company, 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. Gonza´lez, 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.

Published under Cement News