CEMEX Highlights Sustainability Progress and Aspirations at United Nations General Assembly

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by KnowESG

CEMEX, S.A.B. de C.V. (CEMEX) has reaffirmed its commitment to the United Nations' Sustainable Development Goals (SDGs), especially those relating to climate action, sustainable cities and communities, responsible consumption and production, and industry, innovation, and infrastructure.

Recently, CEMEX CEO Fernando A. González attended a CEO roundtable organised by UN Secretary-General António Guterres at the UN headquarters in New York City. The roundtable, which comprised 11 CEOs from around the world, focused on recommendations to increase the private sector's commitment to the SDGs.

“CEMEX’s core purpose is to build a better, more sustainable future. We recently agreed to strengthen our partnership with the UN on topics aligned with our strategy and areas of expertise, including sustainable finance, supply chain, diversity and inclusion, and a just transition to a carbon-neutral economy. Moreover, through our flagship decarbonisation program, Future in Action, we seek to lead the way in climate action for the building materials industry," he said.

For the second year in a row, the globe made little progress toward the SDG 2030 targets in 2022. The discussion brought together executives from companies that have made significant contributions to the UN Global Compact (UNGC) to discuss ways to encourage ambitious and principled business leaders committed to achieving the SDGs. The UN Global Compact is the world's largest corporate sustainability initiative, and it provides an excellent platform for the private sector to connect its plans and operations with the SDGs.

CEMEX's recent contributions to the SDGs include the launch of Vertua, its lower-carbon and net-zero CO2 product family; agreements to clean beaches and waterways, including the Nile River, and use the recovered waste as an alternative fuel in its operations; a new concrete 3D printing construction solution with the potential to reduce housing costs; and the conversion of several cement plants to renewable electricity.

CEMEX also attended the SDG Investment Forum hosted by the UNGC's CFO Coalition. Maher Al-Haffar, CEMEX's CFO, spoke at the event on the company's decarbonization strategy, the experience of aligning its investments with the SDGs, and the technologies required to provide entirely net-zero concrete by 2050. 

CEMEX released its Green Financing Framework earlier this year, which, along with its Sustainability-Linked Framework, aligns its corporate finance strategy with its sustainability commitments and supports the financing of SDG-aligned investments in areas such as CO2 emissions reduction, clean electricity, energy efficiency, clean transportation, water management, air quality, circular economy, and waste management.

Source: CEMEX

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