Cement Manufacturers Association (CMA)

Furthermore, companies with science-based targets are well set up to policy on climate. 2. Science-based targets and the cement industry The cement sector is the third-largest industrial energy consumer and the second largest industrial CO2 emitter , representing about 7% of CO2 emissions globally. Cement demand is projected to continue rising and could be some 20% higher than today by 2050 in the buildings and construction. 2 For these reasons, the cement sector to reach net-zero emissions, and private company targets are a key element to accelerating progress. Cement industry and climate action Cement is a heavy-industry sector with a strong dedication to science-based target setting. Companies such as Asia Cement Corporation, Cementir Holding, HeidelbergCement, Holcim, Titan Cement Group, Ultratech Cement, Shree Cement, Taiwan Cement Corporation and Ambuja Cements have already set near-term targets of either 2°C or well-below 2°C, while companies such as Cementos Argos, Grupo Cementos Chihuahua, J.K. Cement, Siam Cement , Votorantim Cimentos and OYAK Cement have committed to setting targets in the near future. Holcim also recently piloted worldwide to have its net-zero target validated. be used by companies to reduce emissions, but rather sets the emissions reductions that are aligned with the temperature goal. Therefore, companies are free to choose the decarbonization strategies that work for their particular circumstances. E R Raj Narayanan, Business Head and Chief Limited said: “ At UltraTech, we believe that our commitment to the SBTi is a key stepping stone in our journey towards a 1.5°C-aligned future. Our initiatives in improving energy energy mix, setting up waste recovery systems, incorporating alternative fuels and raw materials in our processes and adopting carbon pricing are helping us to reach our targets.” 3. The SBTi cement project cement project aimed at developing new resources to facilitate the adoption of 1.5°C-aligned emission reduction targets in the cement industry. The project has developed target setting emissions reduction pathway, as well as detailed sectoral guidance documents and methodological questions, and make the target development and validation process easier for companies. Such questions include setting (e.g., cement and cementitious product, gross and net emissions), scope (e.g., the role of emissions outside the control of the company, such as from purchased goods or distribution, also known as scope 3 emissions), how to include emissions from concrete production in targets and how to guidance covers both near- and long-term targets for cement and concrete companies. Page 8