Cemex joins global initiatives in carbon neutrality pursuit

Cemex signed the Business Ambition for 1.5°C commitment led by the We Mean Business Coalition, which is in partnership with the Science Based Targets initiative and the U.N. Global Compact.

With the commitment, Cemex says it joined the Race to Zero Campaign of the United Nations Framework Convention on Climate Change (UNFCCC).

According to Cemex, the decision to join the two global alliances reflects the company’s commitment to climate action.

Background

The Race to Zero Campaign was launched to mobilize net-zero commitments from cities, businesses and investors ahead of the 26th U.N. Climate Change Conference of the Parties (COP26) this November. Members of the coalition pledge to reach net-zero emissions by mid-century at the latest, in line with global efforts to limit global warming to 1.5 degrees Celsius.

Cemex says these objectives align with its “Future in Action” program to reduce its carbon footprint by delivering net-zero concrete globally by 2050.

“In the road leading up to the COP26, I am delighted to announce that we have signed the Business Ambition for 1.5°C and joined The Race to Zero Campaign,” says Fernando González, CEO of Cemex. “Cemex’s commitment to climate action runs deep, and we are excited to partner with prominent global organizations to deliver on this challenge. Implementing climate solutions requires active collaboration between industry, governments, non-governmental organizations and multilateral agencies, and we intend to continue to play an active role in these efforts. We encourage others to join us in this important challenge.”