CEMEX Showcases Sustainability Progress and Commitments at UN General Assembly

September 20, 2022 04:03 PM Eastern Daylight Time MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. ('CEMEX') announced today that it is reaffirming its commitment to the United Nation's Sustainable Development Goals (SDGs), particularly those focused on climate action; sustainable cities and communities; responsible consumption and production; and industry, innovation, and infrastructure.

CEMEX's CEO, Fernando A. González, participated in a CEO roundtable hosted by UN Secretary-General António Guterres at the UN's New York City headquarters on Monday, Sept. 19. The roundtable included 11 CEOs representing companies from around the globe and focused on proposals for strengthening the private sector's commitment to the SDGs.

'CEMEX's core purpose is to build a better, more sustainable, future,' said Fernando A. González. 'We recently agreed to strengthen our partnership with the UN on topics aligned with our strategy and areas of expertise including sustainable finance, supply chain, diversity and inclusion, and a just transition to a carbon neutral economy. Moreover, through our flagship decarbonization program, Future in Action, we seek to lead the way in climate action for the building materials industry.'

In 2022, for the second consecutive year, the world achieved little progress towards the SDG 2030 targets. The roundtable united leaders from companies that are strongly contributing to the UN Global Compact (UNGC) to discuss how to inspire ambitious and principled business leadership committed to achieving the SDGs. The UNGC is the world's largest corporate sustainability initiative, and an ideal platform for the private sector to align its strategies and operations to the SDGs.

Recent contributions to the SDGs by CEMEX include the launch of Vertua, its lower-carbon and net-zero CO2 family of products; agreements to clean beaches and waterways, including the Nile River, and use the recovered waste as an alternative fuel in its operations; a new concrete 3D printing construction solution with the potential to reduce housing costs; and the transition of several cement plants to renewable electricity.

CEMEX was also present at the SDG Investment Forum organized by the UNGC's CFO Coalition. At the event, CEMEX's CFO, Maher Al-Haffar, spoke about CEMEX's decarbonization pathway, the experience of aligning its investments to the SDGs, and the innovations required to deliver only net-zero concrete by 2050. Earlier this year CEMEX published its Green Financing Framework, which together with its Sustainability-Linked Framework align its corporate finance strategy to its sustainability commitments and support the financing of SDG-aligned investments in areas such as CO2 emissions reduction, clean electricity, energy efficiency, clean transportation, water management, air quality, circular economy, and waste management.

CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: cemex.com

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX's current expectations and projections about future events based on CEMEX's knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX's current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX's expectations including, among others, risks, uncertainties, and assumptions discussed in CEMEX's most recent annual report and detailed from time to time in CEMEX's other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, as well as CEMEX not being to comply with the SDGs or reaching the goals under it's Future in Action program. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. Any or all of CEMEX's forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX has no obligation to update this press release.