CDP confirmed the A- rating on both Climate Change and Water management
For the third year in a row Cementir Holding N.V. has been confirmed leader with the “A-” rating for Climate Change from CDP, ranking above the European average (B) and the cement & concrete sector average (B).
Cementir has also been confirmed leader in CDP Water Security with an A- score for the second year in a row ranking above the sector (B) and European average (C).
“This further recognition from CDP demonstrates our strong commitment to environmental sustainability and the effectiveness of our efforts to tackle climate change”, commented Francesco Caltagirone jr., Chairman and Chief Executive Officer.
Cementir is committed to achieving carbon neutrality by 2050, defining ambitious targets for reducing its emissions validated by the Science Based Target initiative and consistent with the “well below 2°C”, and is committed to align with the scenario 1.5°C defined by SBTi for cement sector.
Among the actions undertaken by the Group are investments to reduce the clinker content in cement, the greater use of less polluting or alternative fuels, the optimization of thermal efficiency, renewable energy production and district heating; the greater use of alternative raw materials and the development of new, more sustainable products such as FUTURECEM®.
Furthermore, the Group has strengthened its commitment for a more sustainable water management, endorsing the wash pledge and setting clear targets to reduce water consumption.
CDP scoring methodology assesses companies on a scale from a minimum of “D-” to “A” measuring the comprehensiveness of disclosure, awareness and management of environmental risks and best practices associated with environmental leadership, such as setting ambitious and meaningful targets. The “A-” Rating indicates that the company is a leader in “implementing current best practices” on climate change issues.
CDP is an international non-profit organization that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. CDP has the world’s largest, most comprehensive set of companies’ environmental data, and is utilized by investors and purchasing organizations to make informed decisions, reward high-performing companies, and drive action. In 2023 over 21,000 companies representing over half of global market capitalization disclosed through CDP.
The full list of company scores is available at www.cdp.net/en/companies/companies-scores along with the scoring methodology for climate change.