- Investor Watch -
Published September 29, 2020
The world’s largest cement manufacturer, LafargeHolcim, has become the first global building materials company to adopt science-based carbon emissions net zero targets.
LafargeHolcim joins 290 industrial companies committed to working with SBTi to limit global temperature rises to 1.5°C.
In its 2030 goals, LafargeHolcim commits to reduce scope 1 and scope 2 GHG emissions 21% per ton of cementitious materials from 2018 levels. The company commits to reduce scope 1 GHG emissions 17.5% per ton of cementitious material and scope 2 GHG emissions 65% per ton of cementitious materials within the same timeframe.
In addition to its pledge to reduce scope 1 and scope 2 emissions, LafargeHolcim will expand its actions across its value chain to include scope 3 emissions. In this way, the company expects to reduce its transportation and fuel-related emissions by 20%.
Magali Anderson, Chief Sustainability Officer: “As the world’s largest cement producer, we have a key role to play in addressing today’s climate crisis. On our way to becoming a net zero company, we are not only part of the solution, we are committed to supporting our customers in their CO2-reduction ambitions. No company can tackle today’s climate challenge alone, that’s why we are partnering for impact.”
By 2030, LafargeHolcim will:
The company will increase the use of recycled materials in its products and processes while recovering materials at the end of their life cycle. The company also intends to pilot over 20 carbon capture usage and storage projects across Europe and North America.