An ambitious social and sustainable program is protecting our future environment, while also combatting urban poverty and helping rebuild lives after natural disasters.
From New York to Dubai to Mexico City, major cities across the globe are undergoing tremendous growth - bustling with more business and people each day. But with urban development, comes environmental impact. A little known fact: concrete is the most-used material in the world after water, with over 25 billion tons produced annually. In brief, the cement segment accounts for five percent per year of total global CO2 emissions. This creates a steep sustainability challenge.
Cemex builds new highways, homes, buildings and large infrastructures using durable, safe, sustainably sourced and energy-efficient concrete solutions. Cemex is protecting our future environment by working to achieve its ambitious 2020 sustainability targets, which includes the implementation of Biodiversity Action Plans across its quarries, mitigating its carbon footprint, reducing major air emissions, among other initiatives.
Creating Sustainable Communities
In addition to building sustainable products, Cemex has implemented a high-impact social strategy that focuses on improving the quality of life and well-being of local communities, combatting urban poverty and helping rebuild lives after natural disasters. By the end of 2017, more than 14 million people had been positively impacted by Cemex social programs, helping the company to reach its target of 15 million people by 2020.
An example of this program is Patrimonio Hoy, Cemex’s flagship inclusive business, which provides families in need with access to financing, building materials, technical advice and on-the-ground support to quickly build and remodel their homes. Patrimonio Hoy has expanded to more than 100 locations across Latin America. As of 2018, Cemex reported that the program benefitted close to 590,000 families, improving the lives of more than 2.8 million people in the region.
Cemex also deploys staff to help communities rebuild after natural disasters. Following last year’s earthquake in Mexico, Cemex used its staff and operations to help those impacted. Vehicles were used to transport people and heavy machinery utilized for debris removal. The company also expanded its social self-construction programs to provide housing resources to low-income families.
At Cemex, building sustainable communities is a commitment to innovate environmentally friendly products and help support families as they look to improve their lives for a better future.
This is a case study Cemex (NYSE: CX) shared with us about their programs. (NYSE presents the information for informational purposes, but neither represents nor warrants the accuracy of the narrative, which relies solely on material provided by Cemex).