Cemex reports on sustainability steps taken in 2019
Cemex has shared its 2019 sustainability achievements in an integrated report entitled "Innovating for a Better World," which analyses the company's strategic vision, operational performance and corporate governance against its commitment to drive innovation in the cement sector. Throughout the year, the company introduced its new Climate Action strategy to reduce CO2 emissions by 35 per cent by 2030 and established an ambition to deliver net-zero CO2 concrete by 2050. It achieved an alternative fuel substitution rate of 28 per cent, its highest since 2014, bringing its net specific CO2 emissions per tonne of cementitious product to 624 kg. Cemex's net income was $179 million in 2019, down by 69 per cent year-on-year from $570 million in 2018. Its sales declined by 8 per cent, to $4.3 billion from $4.7 billion.