{"id":692797,"date":"2022-10-06T07:33:18","date_gmt":"2022-10-06T11:33:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cemex-to-align-its-decarbonization-goals-with-most-ambitious-1-5o-c-scenario\/"},"modified":"2022-10-06T07:33:18","modified_gmt":"2022-10-06T11:33:18","slug":"cemex-to-align-its-decarbonization-goals-with-most-ambitious-1-5o-c-scenario","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cemex-to-align-its-decarbonization-goals-with-most-ambitious-1-5o-c-scenario\/","title":{"rendered":"CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5\u00ba C Scenario"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5\u00ba C Scenario<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nCEMEX commits to the most ambitious decarbonization pathway in the building materials industry.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li>\nCEMEX has submitted its Future in Action commitment to reach net-zero CO<sub>2<\/sub> by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5\u00ba scenario.\n<\/li>\n<\/ul>\n<p>MONTERREY, Mexico&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCEMEX, S.A.B. de C.V. (\u201cCEMEX\u201d) announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO<sub>2<\/sub> roadmap and its 2030 decarbonization goals to align with their recently announced 1.5\u00ba C scenario. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry.\n<\/p>\n<p>\nCEMEX\u2019s previous goals were aligned to the Well-Below 2\u00baC scenario. After helping develop the new 1.5\u00ba framework as a member of the SBTi\u2019s Expert Advisory Group, CEMEX has now aligned its Future in Action goals to the new standard and submitted them for review by the SBTi and encourages others within the industry to do the same. As part of this verification process, CEMEX will also establish 2030 and 2050 targets for its main scope 3 emissions.\n<\/p>\n<p>\n\u201cMitigating climate change and decarbonizing the construction industry is our top priority,\u201d says Fernando A. Gonz\u00e1lez, CEO of CEMEX. \u201cThe record-breaking CO<sub>2<\/sub> reduction we achieved through Future in Action in the past 18 months gives us confidence that a more accelerated pathway for 2030 is possible. We are keenly aware of the role that our industry must play in the race to zero and are committed to continue leading in this challenge.\u201d\n<\/p>\n<p>\nCEMEX has also submitted its long-term net-zero roadmap to the SBTi for validation. The company\u2019s intention to align its roadmap to SBTi\u2019s Net-Zero Standard reflects its confidence that it is on the right path to net-zero and contribute meaningfully to the world\u2019s 2050 goal. One of the key requirements to reach the SBTi\u2019s Net-Zero Standard is aggressive carbon reductions across a company\u2019s entire value chain, including those produced by their own processes (scope 1), purchased electricity and heat (scope 2), and generated by a company\u2019s suppliers and end-users (scope 3).\n<\/p>\n<p>\nInnovation is at the core of CEMEX\u2019s Future in Action program, exemplified by Vertua, its family of products with sustainability attributes that includes lower-carbon cements and the first net-zero CO2 concrete. Vertua has seen excellent market adoption, so much so that CEMEX expects that Vertua lower-carbon products should account for most of its sales by 2025. Through Vertua, CEMEX is helping its customers to help building a better, more sustainable future.\n<\/p>\n<p>\nCEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: cemex.com\n<\/p>\n<p><i>This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX\u2019s current expectations and projections about future events based on CEMEX\u2019s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX\u2019s current plans based on such facts and circumstances. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from CEMEX\u2019s expectations, including, among others, risks, uncertainties, and assumptions discussed in CEMEX&#8217;s most recent annual report and detailed from time to time in CEMEX\u2019s other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, which if materialized could ultimately lead to CEMEX not reaching the goals stated in this press release. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. Any or all of CEMEX\u2019s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20221006005410r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20221006005410\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20221006005410\/en\/<\/a><\/span><\/p>\n<p><b>Media Relations<br \/>\n<\/b><br \/><b>Jorge P\u00e9rez<br \/>\n<\/b><br \/>+52 (81) 8259-6666<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jorgeluis.perez@cemex.com\">jorgeluis.perez@cemex.com<\/a><\/p>\n<p><b>Analyst and Investor Relations<br \/>\n<\/b><br \/><b>Alfredo Garza \/ Fabi\u00e1n Orta<br \/>\n<\/b><br \/>+1 (212) 317-6011<br \/>\n<br \/>+52 (81) 8888-4327<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@cemex.com\">ir@cemex.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Central America Mexico<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Environment Manufacturing Sustainability Environmental Issues Climate Change<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20221006005410\/en\/1594079\/3\/FIA_Logo_ENG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5\u00ba C Scenario CEMEX commits to the most ambitious decarbonization pathway in the building materials industry. CEMEX has submitted its Future in Action commitment to reach net-zero CO2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5\u00ba scenario. MONTERREY, Mexico&#8211;(BUSINESS WIRE)&#8211; CEMEX, S.A.B. de C.V. (\u201cCEMEX\u201d) announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5\u00ba C scenario. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry. CEMEX\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cemex-to-align-its-decarbonization-goals-with-most-ambitious-1-5o-c-scenario\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5\u00ba C Scenario&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-692797","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5\u00ba C Scenario - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cemex-to-align-its-decarbonization-goals-with-most-ambitious-1-5o-c-scenario\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5\u00ba C Scenario - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5\u00ba C Scenario CEMEX commits to the most ambitious decarbonization pathway in the building materials industry. CEMEX has submitted its Future in Action commitment to reach net-zero CO2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5\u00ba scenario. MONTERREY, Mexico&#8211;(BUSINESS WIRE)&#8211; CEMEX, S.A.B. de C.V. (\u201cCEMEX\u201d) announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5\u00ba C scenario. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry. 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CEMEX has submitted its Future in Action commitment to reach net-zero CO2 by 2050 across its entire value chain and its 2030 decarbonization roadmap to the Science Based Targets initiative for alignment with its 1.5\u00ba scenario. MONTERREY, Mexico&#8211;(BUSINESS WIRE)&#8211; CEMEX, S.A.B. de C.V. (\u201cCEMEX\u201d) announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and its 2030 decarbonization goals to align with their recently announced 1.5\u00ba C scenario. With this, CEMEX is committed to having the most ambitious decarbonization pathway in the building materials industry. 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