Member - CEMEX S.A.B. de C.V.

CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities around the world. Our operations network produces, distributes, and markets cement, ready-mix concrete, aggregates, and related building materials, services, and solutions. Climate change represents one of the biggest challenges of our time, and its mitigation has been a priority for our company for many years. In 2020, CEMEX announced its Climate Action strategy, defining a global target of a 35% reduction of CO2 emissions per ton of cementitious products by 2030. For its operations in Europe, CEMEX also defined a 55% reduction target, in line with what the European Commission set as a new goal for all its member states. We have an externally validated CO2 Reduction Roadmap to meet our 2030 goal. This roadmap assesses the carbon mitigation potential that can be seized across each of our cement manufacturing sites, taking into consideration local challenges, regulations, materials supply, technical limitations, and market dynamics, among other decisive factors. To complement this strategy with a longer-term vision, CEMEX also established an ambition to deliver Net-Zero CO2 concrete to all its customers globally by 2050. These targets are aligned with the International Energy Agency’s roadmap to reducing CO2 emissions and what is expected from the cement industry to contribute to the Paris Agreement. At CEMEX, we support the urgency of collective action to achieve compliance with the Paris Agreement commitments and the fulfillment of the United Nations Sustainable Development Goals on climate action.