CEMEX Reinforces Leadership in Green Financing, Presenting Sustainability-Linked Financing Framework
07 Setembro 2021 - 8:30AM
Business Wire
- The company launches the most comprehensive
Sustainability-Linked Financing Framework in its sector.
- The Framework establishes CEMEX’s guiding principles when
issuing new sustainability-linked financing instruments.
- This launch follows the successful debut of its US$3.2 billion
Sustainability-Linked Loan in October 2020.
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today the
launch of the most comprehensive Sustainability-Linked Financing
Framework (the “Framework”) in the building materials sector.
CEMEX has a steadfast commitment to be a leader in climate
action and provide low-carbon and net-zero CO2 products. The
Framework further aligns CEMEX’s corporate sustainability
commitments to its financing strategy, as part of its Future in
Action program.
The Framework establishes CEMEX’s guiding principles when
issuing new sustainability-linked financing instruments, including
public bonds, private placements, loans, derivatives, working
capital solutions, and other financing instruments.
Sustainalytics, a leading independent firm that specializes in
providing ESG research, ratings, and data to institutional
investors and companies, validated the Framework’s alignment with
the Sustainability-Linked Bond Principles, the International
Capital Market Association’s Climate Transition Finance Handbook,
and the Loan Market Association’s Sustainability-Linked Loan
Principles.
“Climate change is one of the biggest challenges of our time,
and we will continue to address it as a fundamental component of
our business strategy,” said Maher Al-Haffar, CEMEX's Chief
Financial Officer. “CEMEX is committed to increasing the role
sustainable finance plays in its capital structure by potentially
linking the cost of financial instruments to the achievement of
targets, directly aligning our corporate finance strategy to
sustainability commitments and further contributing to a low-carbon
future.”
CEMEX has taken a bold step by including three KPIs, an
unusually high number for the building materials industry, in the
Framework. This decision reflects the confidence and commitment the
company has regarding its Climate Action targets. Selected KPIs are
net CO2 emissions per ton of cementitious product, clean
electricity consumption and alternative fuels rate. All of them
were qualified by Sustainalytics as relevant, material, ambitious,
and aligned with the company’s climate action strategy.
The three indicators are directly contributing to the
achievement of the UN Sustainable Development Goals and for each
one CEMEX has established 2025 and 2030 Sustainability Performance
Targets (SPTs). KPI performance and corresponding SPTs will be
verified by qualified external parties and be made available
through CEMEX’s annual Integrated Report.
CEMEX’s 2030 target of reaching below 475 kg CO2 per ton of
cementitious product is aligned with the Science-Based Targets
initiative’s (SBTi) “Well Below 2°C Scenario”, the most ambitious
for the cement industry. This target is currently in the process of
validation. Furthermore, the company has set a 2050 goal of
delivering net-zero concrete globally, aligned with the Paris
Agreement.
Moreover, CEMEX recently announced that it has signed the
Business Ambition for 1.5°C commitment led by the We Mean Business
Coalition in partnership with the SBTi and the UN Global Compact.
The company also joined The Race to Zero Campaign of the UN
Framework Convention on Climate Change.
The CEMEX Sustainability-Linked Financing Framework is available
at the following link:
www.cemex.com/sustainable-finance
CEMEX 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
CEMEX assumes no obligation to update or correct the information
contained in this press release. 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’s current expectations and
projections about future events based on CEMEX’s knowledge of
present facts and circumstances and assumptions about future
events, as well as CEMEX’s current plans based on such facts and
circumstances. These statements necessarily involve risks and
uncertainties that could cause actual results to differ materially
from CEMEX’s expectations. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210907005326/en/
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
Analyst and Investor Relations Alfredo Garza / Fabián
Orta +1 (212) 317-6011 +52 (81) 8888-4327 ir@cemex.com
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