CEMEX, a global building materials company from Mexico, as part of its “Future in Action” climate action program and its commitment to achieve net zero carbon emissions specifically by 2050, announced the launch of its Green Financing Framework. Among the objectives of the Future in Action program are the reduction of 40% of its net specific CO2 emissions in cement by 2030 and to supply 55% of its electricity needs from clean sources by 2030.

The Framework allows CEMEX to issue green financial instruments in line with the Green Bond Principles of the International Capital Markets Association (ICMA) and the Green Credit Principles of the Credit Market Association. The Framework has been subject of an independent external review by Sustainalytics, granting a positive second opinion.

The objective is to allocate the net proceeds to finance eligible green projects in areas such as CO2 emissions reduction, clean electricity and energy efficiency, clean transport, water management, air quality, circular economy and waste management.