Tuesday, 04 February 2020 19:58

CEMEX Latam Holdings recognized for its climate change strategy

Written by Sandy Velasco

CEMEX Latam Holdings, S.A. ("CLH") (BVC: CLH), reported that CDP (formerly Carbon Disclosure Project) raised CEMEX Latam Holdings' rating from B in 2018 to A- in 2019 for the company's progress in climate protection.

The new rating assigned to CLH reflects improvements in corporate governance, risk management, CO2 emission reduction initiatives, low-carbon products and participation in the value chain, with the purpose of advancing low-carbon development.

"We are very pleased that CLH is part of the select group of companies that are recognized by CDP in their efforts to mitigate the impact on the environment, as it reflects the strong commitment and clear strategy we have to address climate change”, said Jesús González, CLH's CEO.

To date, CLH has reduced its net CO2 emissions per ton of cement products by more than 20% compared to its 1990 baseline, allowing the company to avoid approximately 500,000 tons of CO2 during 2019, which is equivalent to the carbon emissions of more than 100,000 vehicles.

CLH is taking the following actions to further reduce its direct CO2 emissions

Manufacture of products such as clinker, cement and concrete, among others, with a low carbon footprint; increased use of renewable energies, such as solar and hydraulic energy; increased use of alternative fuels derived from waste.

In addition, we are reducing the clinker content of cement by using waste from other industries in our processes, implementing disruptive techniques and technologies for carbon capture, storage and use, and expanding natural and reforested areas with carbon sequestration capacity.

CDP is an international nonprofit organization that leads the global disclosure system for investors, companies, cities, states, and regions to manage their impact on the environment.

Over the past 15 years, CDP has developed a system that has generated unprecedented intervention in global environmental issues. For more information, please visit: www.cdp.net

In line with its vision, CLH will continue to constantly evolve to be more flexible in our operations, more creative in our business offerings, more sustainable in our use of resources, more innovative in conducting our global business, and more efficient in our capital allocation.

CLH is a regional leader in the building solutions industry, providing high-quality products and services to customers, and communities in Colombia, Panama, Costa Rica, Nicaragua, El Salvador, and Guatemala. For more information, please visit: www.cemexlatam.com.

Last modified on Tuesday, 04 February 2020 20:02