CEMEX updates its Green Financing Framework

CEMEX, S.A.B. de C.V. (CEMEX), a leading global company in the production and sale of cement, concrete, aggregates, and other construction materials, has updated its Green Financing Framework, in line with its ambitious decarbonization goals defined in its 2021 Future in Action program.

The updated Framework expands the eligibility criteria to finance decarbonization technologies, including carbon capture, utilization, and storage. The Framework is aligned with the 2021 Green Bonds and Loan Principles from the International Capital Markets Association (ICMA) and the Loan Market Association (LMA), in accordance with the second-party opinion issued by Sustainalytics. In November 2022, CEMEX had become one of the first companies in the global cement industry to validate its carbon reduction targets with the Science Based Targets Initiative (SBTi) for alignment with the 1.5°C scenario.