CDP confirmed the A- rating on Climate Change and improved rating on Water management from B to A-
Cementir Holding has received the “A-” rating for the second year in a row for Climate Change from CDP, ranking above the cement & concrete sector average (B) and the European average (B).
Cementir has also obtained a leadership position in CDP Water Security with an A- score, ranking above the sector (B) and European average (B).
“This achievement is a further recognition of our efforts to tackle climate change and the effectiveness of the multiple initiatives of our sustainability strategy”, commented Francesco Caltagirone jr., Chairman and Chief Executive Officer.
Cementir has set ambitious targets for reducing its emissions including, among others: investments to reduce energy consumption in cement plants; renewable energy production and district heating; higher use of alternative raw materials and new more sustainable products such as FUTURECEM®.
Furthermore, the Group has strengthened its commitment for a more sustainable water management, promoting the responsible use and setting clear targets to reduce water consumption.
CDP scoring methodology assesses companies on a scale from a minimum of “D-” to “A” measuring the comprehensiveness of disclosure, awareness and management of environmental risks and best practices associated with environmental leadership, such as setting ambitious and meaningful targets. The “A-” Rating indicates that the company is a leader in “implementing current best practices” on climate change issues.
CDP is an international non-profit organization that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. CDP has the world’s largest, most comprehensive set of companies’ environmental data, and is utilized by investors and purchasing organizations to make informed decisions, reward high-performing companies, and drive action. In 2022 over 18,700 companies representing over half of global market capitalization disclosed through CDP.
The full list of company scores is available at www.cdp.net along with the scoring methodology for climate change.