Home » Cemex comes out on top in global climate benchmark

Cemex comes out on top in global climate benchmark

by Mark Cantrell
Cemex's commitment to play a leading role in the industry's transition to net zero by 2050 has earned the company recognition as a top-scoring company.

Cemex’s commitment to play a leading role in the industry’s transition to net zero by 2050 has earned the company recognition as a top-scoring company.

The business earned the accolade in the World Benchmarking Alliance’s (WBA) 2024 Climate & Energy Benchmark.

The WBA measured and ranked 91 of the world’s most influential aluminium, 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.

Fernando A González, chief executive of Cemex, said: “We are proud to achieve the highest score in the 2024 Climate & Energy Benchmark ranking, demonstrating Cemex’s leadership in climate action and social impact.

“We are committed to achieving our ambitious 2030 decarbonisation 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.

Since the launch of Cemex’s Future in Action programme in 2020, the company says it has achieved record breaking progress in decarbonisation, reducing Scope 1 and 2 emissions by 13% and 10%, respectively; a pace that previously would have taken Cemex 15 years to accomplish.

Future in Action focuses on achieving sustainable excellence through climate action, circularity, and natural resource management, with the primary objective of becoming a net zero CO2 company by 2050.


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