Cementir Holding rating upgraded to “A-“ by CDP and recognized among the Leaders for Climate Action
Cementir Holding N.V. has been awarded an “A-” rating for Climate Change from CDP, improving from last year “B” rating and placing Cementir above the cement & concrete sector average (B), the European average (B) and the Global average (B-).
For the first time Cementir has also been awarded a “B“ score for Water Security, in line with the sector and European average (B).
Cementir has set ambitious science-based targets for reducing its emissions in the years ahead, which have been independently verified by the Science Based Targets initiative (SBTi) and judged consistent with the reductions required to keep warming well below 2°C objective. Moreover, in dealing with water risk issues, the Group has set clear targets to reduce water consumption.
Climate change actions are an integral part of Cementir strategy and include, among others: investments to reduce thermal energy and electricity in cement plants in Europe; renewable energy production and district heating; new more sustainable products such as FUTURECEM®.
Francesco Caltagirone jr., Chief Executive Officer and Chairman of Cementir Holding N.V., said: “This achievement is a further recognition of our efforts to make our carbon footprint more sustainable. We are committed to tackling climate change, and minimizing our environmental impact”.
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 2021 over 13,000 companies representing over 64% 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.