GlobalData offers a comprehensive analysis of Cementir Holding, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Cementir Holding‘s ESG performance. GlobalData’s company profile on Cementir Holding offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Cementir Holding, a global cement and concrete company, has set targets to reduce its greenhouse gas (GHG) emissions to net-zero by 2050. By 2030, Cementir Holding has committed to achieve a 25% reduction in greenhouse gas (GHG) emissions per ton of cementitious material for both Scope 1 and Scope 2, using the 2020 baseline. In 2022, Cementir Holding recorded carbon dioxide emissions in tons as follows: Scope 1 emissions amounted to 7,324,884 tons, Scope 2 emissions totaled 386,306 tons, and Scope 3 emissions stood at 3,575,775 tons. Cementir aims to reduce its Scope 1 emissions to 738 kg of CO₂ per ton of white cement. This reduction will involve substituting conventional fossil fuels with natural gas and biomass and replacing clinker content with mineral additives, such as limestone, within the white cement production process. The company is currently devising a transition plan aligned with the cement sector guidance outlined by SBTi in October 2022, focusing on achieving targets in line with a 1.5°C scenario.

The company has used emission factor databases, such as Ecoinvent, to calculate indirect emissions of CO2 equivalents (Scope 2 and Scope 3). For direct emissions (Scope 1), Cementir Holding has used the default CO2 emission factors provided by the Global Cement and Concrete Association. The company acknowledges that the cement process emits CO2 from the calcination of raw materials and the combustion of fuels for heat production.

The company's sustainability report mentions its commitment to environmental issues, including the use of alternative fuels and materials, biodiversity, and rehabilitation plans for quarries. The report also highlights the delivery of thermal energy to the Aalborg Municipality.

In conclusion, Cementir Holding has set net-zero targets to reduce its GHG emissions by 2050. The company has taken steps to calculate and reduce its emissions, using emission factor databases and acknowledging the sources of CO2 emissions in the cement process.

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