Brazil: Votorantim Cimentos has made progress in reducing its carbon footprint, reporting embodied CO₂ emissions of 556kg/t of cement produced in 2023, a 4% year-on-year decrease. The company aims to reach a target of 475kg of CO₂/t by 2030, aligning with the Science Based Target initiative standards.
The company's decarbonisation strategy involves four stages: co-processing, which involves substituting fossil fuel with biomass and waste; use of cementitious materials to replace clinker; enhancing energy efficiency and use of renewable energy; and developing new technologies and materials, including carbon capture. In 2023, Votorantim Cimentos achieved a 31% global thermal substitution rate through co-processing, an increase from 26.5% in 2022, with a goal of reaching 53% by 2030. The clinker factor was reduced to 72.8% in 2023 from 73.9% in 2022. This reduction means a decrease in emissions, with a target clinker factor of 68% set for 2030. Additionally, 35.1% of the electricity consumed by Votorantim Cimentos in 2023 came from renewable sources, an increase from 22.9% in 2022, with an aim of 45% by 2030.
Álvaro Lorenz, global director of sustainability, institutional relations, product development, engineering, and energy at Votorantim Cimentos, said "The most competitive and sustainable companies will be those with the lowest emissions. In all countries where we operate, we are committed to advancing in our decarbonisation journey, in line with our goal of producing carbon-neutral concrete by 2050."
Votorantim Cimentos’ environmental efforts were recognised with an A score by CDP and a Top-Rated Industry company distinction by Sustainalytics in the Latin American building materials sector. The company also announced a US$989m investment to further reduce its CO₂ emissions. This includes a project at Salto de Pirapora to increase thermal substitution, with expected completion by 2028. Votorantim Cimentos has also started constructing a solar energy complex in Paracatu, with an estimated capacity of 470MWp.
