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Rank #2 · Construction Materials & Aggregates

Cemex

Evidence basis: Group-level disclosureMarine relevance: Partial (marine assets)
Strong
91.3
Final / 100
Future Commitments
25.0
/ 25
100%
Strong performance
Environmental Action
46.0
/ 52
88%
Strong performance
Governance & Accountability
17.6
/ 20
88%
Strong performance

Why this score?

  • Score is supported by: Net-zero / climate transition target (score 5/5)
  • Additional strength: Interim emissions reduction target (score 5/5)
  • Score is constrained by: Absolute emissions progress vs baseline (score 3/5)
  • Evidence basis: Group-level disclosure.
  • Marine-asset-specific evidence is interpreted alongside Group-level disclosure for comparability.

Key strengths

  • Net-zero / climate transition target (score 5/5)
  • Interim emissions reduction target (score 5/5)
  • Scope coverage and value-chain emissions (score 5/5)

Main gaps

  • Absolute emissions progress vs baseline (score 3/5)
  • Low-impact / responsible extraction commitment (score 4/5)
  • Operational emissions intensity (score 4/5)
Sector-relevant substitute applied: Tailings / mineral residue / waste rock management

Evidence behind the score

Raw evidence summary, scoring rationale and weighted contribution for each of the 15 metrics, written from reviewed public sustainability materials.

Future Commitments
Raw evidence summary

Cemex has a clear long-term climate target: it is committed to achieving carbon neutrality / net-zero CO₂ by 2050. The 2025 TCFD Report states that Cemex’s 2030 decarbonisation targets and 2050 net-zero goal are validated by SBTi under the 1.5°C scenario, covering Scope 1, Scope 2 and Scope 3, and that the 2030 and 2050 targets do not rely on offsets or carbon credits. The Integrated Report also identifies 2050 as Cemex’s commitment to carbon neutrality.

Scoring rationale

SBTi-validated 1.5°C net-zero 2050; no offset reliance.

Raw evidence summary

Cemex has several 2030 climate targets. Its 2030 Scope 1 target is <430 kg CO₂ / tonne cementitious product, compared with a 2020 baseline of 620 kg, equal to a 31% reduction. 2025 performance was 528 kg, or a 14% reduction versus the 2020 baseline. Scope 2 target is 24 kg CO₂ / tonne cementitious product by 2030, compared with 2025 performance of 35.5 kg and 2020 baseline of 57 kg, equal to 37% reduction achieved by 2025. Cemex also targets 68% clinker factor, 55% alternative fuels, and 40% clean electricity by 2030.

Scoring rationale

Multiple 2030 targets: Scope 1 -31%, Scope 2 -37% achieved by 2025.

Raw evidence summary

Cemex reports Scope 1, Scope 2 and Scope 3. Its Scope 3 disclosure includes all categories, with verification coverage for selected categories. The TCFD Report notes that SBTi validation includes Scope 1, 2 and 3 targets. Key 2030 Scope 3 targets include a 25% reduction in CO₂ emissions per tonne of purchased clinker and cement, and a 42% reduction in absolute CO₂ emissions of traded fuels. The 2025 performance for traded fuels was 1,440,736 tonnes CO₂, compared with a 2020 baseline of 5,730,384 tonnes CO₂.

Scoring rationale

Scope 1, 2 and 3 all categories; SBTi includes Scope 3.

Environmental Action
Raw evidence summary

Cemex’s responsible extraction evidence is strongest through its Responsible Nature strategy, quarry rehabilitation approach, biodiversity action plans and circular economy programme. Its aggregates business includes inert materials such as stone, sand and gravel obtained from land-based resources or dredging of marine deposits, making extraction directly relevant to the benchmark. Cemex had 225 aggregate sites and 132.5 million tonnes of annual aggregates sales volume in 2025.

Scoring rationale

Responsible Nature strategy; 225 aggregate sites; marine deposits included.

Raw evidence summary

Cemex’s main operational emissions intensity metric is Scope 1-specific net CO₂ emissions per tonne of cementitious product. In 2025, this was 528 kg CO₂ / tonne cementitious product, compared with the 2030 target of <430 kg. Cemex also reports Scope 2-specific CO₂ emissions of 35.5 kg CO₂ / tonne cementitious product in 2025, with a 2030 target of 24 kg. These are cement-focused metrics, but they are still the most comparable operational carbon-intensity indicators for Cemex as a construction materials / aggregates group.

Scoring rationale

528 kg/t cementitious in 2025; -14% vs SBTi 2020 baseline.

Raw evidence summary

Cemex reported a 2% decrease in consolidated gross carbon emissions in 2025 compared with the previous year, driven by clinker factor reduction. The TCFD target table also shows Cemex has reduced specific net CO₂ emissions from 797 kg CO₂ / tonne cementitious product in 1990 to 528 kg in 2025, equal to a 34% reduction versus 1990, and from 620 kg in 2020 to 528 kg in 2025, equal to a 14% reduction versus the SBTi baseline.

Scoring rationale

2% YoY absolute reduction; 14% vs 2020 baseline.

Raw evidence summary

Cemex provides strong water disclosure. In 2025, total water withdrawals were 45.2 million m³, total water discharge was 10.9 million m³, and total water consumption was 34.3 million m³. Water consumption by product was 262 l/tonne cement, 230 l/m³ ready-mix, and 114 l/tonne aggregates. Cemex also reported 2.8 million m³ of freshwater withdrawn in water-stressed areas and 2.8 million m³ freshwater consumption in water-stressed areas. Sites with water recycling systems reached 91%.

Scoring rationale

45.2 Mm³ withdrawals; consumption by product disclosed; water-stress data.

Raw evidence summary

Cemex has a Zero Freshwater and Zero Discharge Framework developed with Environmental Resources Management (ERM). Its internal Zero Freshwater Certification requires a site to either use zero freshwater or have zero discharge, comply with local regulations and follow company policies. Cemex is also increasing non-freshwater use from treatment plants, other industries and collected / recovered rainwater. The 2025 water KPI table also shows 50% implementation of Water Action Plans in water-stressed sites, with a 2030 target of 100%.

Scoring rationale

Zero Freshwater & Zero Discharge Framework; 91% sites with recycling.

Raw evidence summary

Cemex provides strong biodiversity evidence. In 2025, 46 active quarries were located in proximity to a High Biodiversity Value Area, and 83% of these had a Biodiversity Action Plan implemented. Cemex also reports that 77% of active quarries had habitat mapping in 2025, up from 58% in 2024. External Cemex biodiversity materials confirm the same strategy: enhancing biodiversity in and around quarries, implementing rehabilitation plans and developing local BAPs for high-priority biodiversity sites.

Scoring rationale

46 quarries near HBV; 83% with BAPs; habitat mapping at 77%.

Raw evidence summary

For Cemex, this metric is mainly quarry land-use / extraction impact, with some relevance to marine dredging because the company defines aggregates as obtained from land-based resources or dredging of marine deposits. Cemex operated 225 aggregate sites in 2025, including 52 aggregate quarries in the U.S., 15 in Mexico, 17 in SCA&C and 141 in EMEA. The company’s nature strategy includes quarry habitat mapping, environmental impact analysis before earthworks, avoidance / minimisation of impact, restoration and compensation through BAPs.

Scoring rationale

225 aggregate sites disclosed; marine dredging recognised.

Raw evidence summary

Cemex has strong quarry rehabilitation evidence. In 2025, 100% of active quarries had rehabilitation plans, meeting the 2030 target already. The report states that quarry rehabilitation begins with site assessment, continues through biodiversity management planning and implementation, and concludes with performance measurement and reporting. Cemex says it is working toward restoring ecosystems in all quarries by 2050.

Scoring rationale

100% active quarries with rehab plans (2030 target met).

Raw evidence summary

Cemex is not a tailings-heavy mining company, so formal tailings storage facility / GISTM evidence is not central. The closest comparable evidence is quarry extraction management, alternative raw material use and circular substitution of primary materials. In 2025, Cemex’s alternative raw material rate was 13.7%, and its clinker factor reached a historical low of 70.1%. The company also manages waste-derived resources through Regenera and uses waste as alternative fuel / raw material in cement production. This should be recorded as quarry / alternative raw material management, not as formal tailings management.

Scoring rationale

Not tailings-heavy; alternative raw materials 13.7%; clinker factor 70.1%.

Raw evidence summary

Cemex is strong on circular resource use. In 2025, Cemex managed 25.3 million tonnes of total waste-derived sources, with a 2030 target of 41 million tonnes. It processed more than 12 million tonnes of construction, demolition and excavation waste in 2025 and repurposed more than 25 million tonnes of waste material through Regenera. Own operational waste recycled reached 84%, compared with 82% in 2024. Total waste sent for disposal was 697.5 thousand tonnes, down from 848.0 thousand tonnes in 2024.

Scoring rationale

25.3 Mt waste-derived sources; 84% own waste recycled.

Governance & Accountability
Raw evidence summary

Cemex reports clear environmental compliance indicators. In 2025, significant spills were zero, consistent with 2023 and 2024. Total environmental fines were 54, with a total value of US$0.91 million. Environmental management system coverage was 89% of sites equivalent to ISO 14001, including 96% of cement sites, 90% of ready-mix sites and 83% of aggregates sites. ISO 14001 certification coverage was 78% for cement, 38% for ready-mix and 41% for aggregates.

Scoring rationale

Zero significant spills; 54 fines $0.91M; 89% sites EMS-equivalent.

Raw evidence summary

Cemex has strong supplier assessment evidence. In 2025, 100% of critical suppliers by spend were assessed by an independent third party, exceeding the 2030 target of 90%. Cemex also identified environmental, social and governance risk levels for 8,000 suppliers in 2025. The report states that purchases sourced from locally based suppliers were 87%, while supplier sustainability assessment coverage increased from 77% in 2023 to 82% in 2024 and 100% in 2025.

Scoring rationale

100% critical suppliers third-party assessed; 8,000 suppliers risk-screened.