Mexico: Cemex says that it has received validation from the Science-Based Targets Initiative (SBTi) for its 2050 Net Zero Roadmap. The roadmap sets out strategies, including carbon capture, for ‘aggressive CO2 reductions’ across Cemex’s entire value chain, in order to achieve carbon neutral cement production by 2050. The group’s current carbon capture projects portfolio has the potential to reduce its CO2 emissions by 3Mt/yr.
Cemex CEO Fernando González said “The construction industry is essential to the development and wellbeing of society, and its transition to carbon neutrality is achievable. The SBTi’s validation of our decarbonisation target attests to this, as well as the strength of our commitment.”