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CEMEX Reaffirms Its Commitment to Contribute to a Low-Carbon Future

MONTERREY, Mexico, Apr 28, 2016 (BUSINESS WIRE) -- CEMEX, S.A.B. de C.V. (“CEMEX”) CX, +2.35% announced today its position on climate change, by reaffirming its commitment to the recently signed Paris Agreement. CEMEX agrees with the vast majority of the scientific community that the benefits of mitigating global warming will by far outweigh any costs to achieve this goal, and welcomes the ambitious targets, the bottom up commitments from signatory Countries, and the prominent role of market mechanisms in the Paris Agreement.

For almost a decade, CEMEX has publicly called for a global carbon market as a key instrument to combat climate change. As one of the initial members of the Carbon Pricing Leadership Coalition (CPLC) and as co-chair of the Cement Sustainability Initiative (CSI), CEMEX is a leading contributor to global warming reduction efforts worldwide.

Aligned with the cement industry’s action plan presented at COP21 to help tackle climate change, during 2015, CEMEX avoided almost 7.5 million tons of CO2 emissions - equivalent to the average annual emissions of 1.4 million cars - as a result of its initiatives to reduce its clinker factor...