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 net zero 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.
Cementir Holding, a global cement and concrete company, has set net-zero targets for its greenhouse gas (GHG) emissions. The goal of the company is to reduce Scope 1, 2 and 3 emissions to zero or to a residual level that is consistent with reaching net-zero emissions at the global level in eligible 1.5°C scenarios and to neutralise any residual emissions at the net-zero by 2050. To calculate the indirect emissions of CO2 equivalents (Scope 3), the company uses the Ecoinvent Database, which has emission factors linked to the electricity production mix of several countries around the world. For Scope 2 emissions, the company uses the emission factors provided by Ecoinvent 3.7.1. The company uses the default CO2 emission factors of the Global Cement and Concrete Association to calculate the direct emissions of CO2 equivalents (Scope 1). Cementir Holding’s latest filings mentioned the keywords ‘Emissions’ and ‘CO2’ most number of times in relation to ‘Net Zero’.
Cementir Holding has taken steps to reduce its emissions and achieve its net-zero targets. The company has invested in using alternative fuels and materials, which can reduce GHG emissions. Cementir Holding has also implemented a rehabilitation plan for quarries to promote biodiversity. The company has delivered thermal energy to the Aalborg Municipality, reducing GHG emissions. Cementir Holding has relevant certifications, including ISO 45001, ISO 14001, and ISO 50001, and other relevant certifications. In FY2022, the company’s Scope 1 emissions amounted to 7,324,884 tCO2e, Scope 2 emissions amounted to 386,306 tCO2e, and Scope 3 emissions amounted to 3,575,775 tCO2e.
The company has defined a Roadmap to 2030 that will allow for the constant reduction of CO₂ emissions per ton of cement. The company will reduce emissions of CO₂ per ton of grey cement to 460 kg, which is below the limits required by the European Taxonomy and equates to a 36% reduction from 2020 levels. For white cement, CO₂ emissions will be reduced to 738 kg per ton of cement.
In conclusion, Cementir Holding has set net-zero targets for its GHG emissions has taken steps to reduce its emissions and achieve net-zero targets. This effort by the company includes using alternative fuels and materials, promoting biodiversity, and delivering thermal energy to reduce GHG emissions. Cementir Holding has relevant certifications and has reported its disclosure based on relevant GRI standards.