Cemex announced today that it has signed a Network Partnership
agreement with the Ellen MacArthur Foundation to accelerate
circular economy efforts in the built environment. The Ellen
MacArthur Foundation’s Network is the world’s leading circular
economy network, working with ambitious, like-minded organizations
globally.
As a Partner of the Ellen MacArthur Foundation Network, Cemex
will continue integrating and scaling circular economy principles
into the cement supply chain through its Regenera business while
leveraging science-based research, advocacy, and coalition-building
initiatives to drive circularity forward in the building materials
industry.
“Since 2023, with the launch of our Regenera business, we have
strengthened our focus on circularity as an essential component of
our strategy. Through Regenera, we are providing circularity
solutions to extend the life cycle of products and reduce the use
of virgin materials,” said Fernando A. González, CEO of Cemex. “The
Partnership with the Ellen MacArthur Foundation presents a
tremendous opportunity to further drive Cemex’s leadership in the
transition of the built environment towards a circular
economy."
“The built environment sector has a huge role to play in the
transition to a circular economy, and Cemex have shown their intent
to be a key player by joining our Network. As a leader in the
construction industry, we look forward to supporting their circular
economy journey through this long-term collaboration and showcasing
the potential of innovative circular practices within the building
materials industry,” said Joe Murphy, Executive of the Business
Network at the Ellen MacArthur Foundation.
The United Nations found that in 2021 the buildings and
construction sector emitted historic levels of CO2 emissions,
accounting for approximately 37% of global CO2 emissions.
Incorporating circular economy principles into the built
environment can create more sustainable and livable urban areas,
reduce global CO2 emissions from building materials by 38% by 2050,
and enhance sector resilience to supply chain disruptions and raw
material price volatility.
A circular economy helps tackle climate change, biodiversity
loss, and other global challenges by decoupling economic activity
from the consumption of finite resources. The Foundation is working
to accelerate the transition to a circular economy, that is based
on three principles driven by design: eliminate waste and
pollution, circulate products and materials (at their highest
value), and regenerate nature.
Cemex’s Regenera recovered over 9 million tons of construction
and demolition waste (CDEW) in 2023, marking a 5% increase over the
prior year. As a result, construction-related waste has been
effectively utilized and treated as raw materials for aggregates in
concrete production, reintegrating them into the construction value
chain and reducing the environmental impact of the industry.
Regenera is part of Future in Action, Cemex's program to achieve
sustainable excellence through climate action, circularity, and
natural resource management with the primary objective of becoming
a net-zero CO2 company by 2050.
About Cemex
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 help 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: www.cemex.com
About the Ellen MacArthur Foundation
The Ellen MacArthur Foundation is an international charity that
develops and promotes the circular economy in order to tackle some
of the biggest challenges of our time, such as climate change,
biodiversity loss, waste, and pollution. We work with our network
of private and public sector decision-makers, as well as academia,
to build capacity, explore collaborative opportunities, and design
and develop circular economy initiatives and solutions.
Increasingly based on renewable energy, a circular economy is
driven by design to eliminate waste and pollution, circulate
products and materials, and regenerate nature, to create resilience
and prosperity for business, the environment, and society.
Except as the context otherwise may require, references in this
press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B.
de C.V. (NYSE: CX) and its consolidated subsidiaries. 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, unless otherwise indicated.
These statements necessarily involve risks, uncertainties, and
assumptions that could cause actual results to differ materially
from Cemex’s expectations, including, among others, risks,
uncertainties, and assumptions discussed in Cemex’s most recent
annual report and detailed from time to time in Cemex’s other
filings with the U.S. Securities and Exchange Commission and the
Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors
are incorporated herein by reference, which if materialized could
ultimately lead to Cemex’s expectations and/or expected results not
producing the expected benefits and/or results. Forward-looking
statements should not be considered guarantees of future
performance, nor the results or developments are indicative of
results or developments in subsequent periods. These factors may be
revised or supplemented, and the information contained in this
press release is subject to change without notice, but Cemex is not
under, and expressly disclaims, any obligation to update or correct
this press release or revise any forward-looking statement
contained herein, whether as a result of new information, future
events or otherwise, or to reflect the occurrence of anticipated or
unanticipated events or circumstances. Any or all of Cemex’s
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, and
expressly disclaims responsibility for, the content of any
third-party website or webpage referenced to or accessible through
this press release, nor for any quote, expectation, or projection
from any third-party contained herein. Certain data used in this
press release was obtained from independent industry publications
and reports that Cemex believes to be reliable sources. Cemex has
not independently verified this data nor sought the consent of any
organizations to refer to their reports in this document. Cemex is
not responsible for any third-party information referenced or that
can be accessed through this press release.
There is currently no single globally recognized or accepted,
consistent, and comparable set of definitions or standards (legal,
regulatory, or otherwise) of, nor widespread cross-market consensus
i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or
having equivalent-labelled activity, product, or asset; or ii) as
to what precise attributes are required for a particular activity,
product, or asset to be defined as ‘green’, ‘social,’ or
‘sustainable’ or such other equivalent label; or iii) as to climate
and sustainable funding and financing activities and their
classification and reporting. Therefore, there is little certainty,
and no assurance or representation is given that such activities
and/or reporting of those activities will meet any present or
future expectations or requirements for describing or classifying
funding and financing activities as ‘green’, ‘social’, or
‘sustainable’ or attributing similar labels. We expect policies,
regulatory requirements, standards, and definitions to be developed
and continuously evolve over time.
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version on businesswire.com: https://www.businesswire.com/news/home/20240718779816/en/
Analyst and Investor Relations - New York Blake Haider +1 (212)
317-6011 ir@cemex.com
Analyst and Investor Relations - Monterrey Fabián Orta +52 (81)
8888-4327 ir@cemex.com
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
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