Cement companies must change business models to meet COP21 goals, says CDP report

Author: CDP, Published on: 13 June 2016

"Future in the mix for cement companies with some facing entire earnings at risk," Jun 2016

…A new report, analysing…the world's largest cement companies, has found that a tipping point is looming for the industry…The report…finds that the majority of the companies’ forward-looking emissions reductions targets are set to expire within the next few years.  With the Paris Agreement driving towards net zero emissions in mid-century, cement companies have…to set targets that can future-proof their business.  The cement industry…will need to deploy highly innovative product and process technologies, and new business models, in order to meet the Paris Agreement objectives…

Other findings from the report include:

  • …[C]ement companies must increase their use of alternative fuel sources…
  • More than 50% of cement facilities are currently located in areas of water stress and the report finds water scarcity to be a potential issue for the sector…
  • The worst performers tend to be those not supportive of climate legislation, and tightening regulation is likely to drive industry change…

You can view the executive summary of the report here...[Also refers to Anhui Conch Cement, Dangote Group, HeidelbergCement, Holcim, Italcementi, Lafarge, LafargeHolcim, Shree Cement, Siam Cement, and Taiheiyo Cement.]

Read the full post here

Related companies: Anhui Conch Cement Dangote Group HeidelbergCement Holcim (part of LafargeHolcim) Italcementi Lafarge (part of LafargeHolcim) LafargeHolcim Shree Cement Siam Cement Taiheiyo