The interest of investors and capital markets in companies' ESG performance is growing more and more: ratings and sustainability rankings evaluate and compare companies based on several parameters.

We are proud that our commitment in the fight against climate change is recognized. We will continue to pursue the minimization of the environmental impact of our products and the achievement of the ambitious CO2 reduction targets outlined in the Industrial Plan".

Francesco Caltagirone, Jr. Chairman and CEO

Rating

 

Science Based Target initiative

Validation of emission reduction targets

In July 2021, the Science Based Target initiative (SBTi) validated the "well below 2°C" emission reduction objectives, aimed at limiting the increase in global temperature to well below 2°C, in line with the trajectory of the Paris Climate Agreement.
SBTi is an international partnership between Carbon Disclosure Project (CDP), United Nations Global Compact, World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF).

Learn more:
Press release
Website SBTi

UN Global Compact

Participant of the UN Global Compact

Since July 2022 Cementir Holding N.V. is committed to the UN Global Compact, with the aim of developing a more responsible business, respectful of human and labour rights, promoting environmental protection and anti-corruption initiatives.

Learn more:
Press release
UN Global Compact

CDP (Carbon Disclosure Project)

Rating A- on Climate Change

In December 2022, Cementir received the A- rating for the second year in a row in the CDP questionnaire for its commitment to climate change.
CDP is a global non-profit organization that drives companies and governments to reduce greenhouse gas emissions, safeguard water resources and protect forests.  

Learn more:
Press release
Website CDP

CDP (Carbon Disclosure Project)

Rating A- on Water Security

In December 2022, Cementir achieved an A- rating in the CDP questionnaire for its initiatives toward water security.
CDP is a global non-profit organization that drives companies and governments to reduce greenhouse gas emissions, safeguard water resources and protect forests.  

Learn more:
Press release
Website CDP

MSCI ESG Ratings

Rating BBB

In December 2022, the MSCI ESG rating confirmed the BBB rating of Cementir (scale AAA - CCC).
MSCI ESG Research provides ESG ratings to global public companies and some private companies based on their exposure to industry-specific ESG risks and their ability to manage those risks relative to peers.

Learn more:
Website MSCI

Refinitiv 

Rating B+

In November 2022 Refinitiv assigned Cementir a B+ rating with a score of 69/100, ranking 19th out of a total of 107 companies in the Construction Materials sector.

Learn more:
Website Refinitiv

ISS ESG 

Rating C+ Prime

In January 2023 ISS ESG assessed Cementir C+ Prime. Companies are categorized as Prime if they achieve/exceed the sustainability performance requirements (Prime threshold) defined by ISS ESG for a specific industry (absolute best-in-class approach) in the ESG Corporate Rating.

Learn more:
Website ISS ESG

Moody’s ESG Solutions

Score 55/100

In January 2023 ESG ratings agency Moody's ESG Solutions evaluates Cementir’s ESG performance as ‘Robust’ with a score of 55/100 based on 2021 data. This places Cementir 6th out of 25 companies in the Building Materials sector.

Learn more:
Website: Moody's ESG Solutions

Gaia Rating 

Score 76/100

In January 2022 Cementir obtained a score of 76/100 from Gaia Rating, part of the French group Ethifinance.

Learn more:
Website Gaia Rating

Integrated Governance Index 

Score 54/100

In June 2021 Cementir obtained a score of 54/100 (61/100 in 2020) in the Integrated Governance Index (IGI). The IGI is a quantitative analysis carried out by EticaNews through a questionnaire to assess the degree of integration of ESG factors into company strategies. 

Learn more:
Website EticaNews

Partnerships and associations

Cementir actively participates in international associations and organisations promoting sustainable business practises, with the objective of tackling climate change and the socio-economic pressures affecting the cement sector. Main topics include climate change, sustainable infrastructure, innovation and digital transformation, operational efficiency, health and safety, the circular economy, alternative fuels and waste management.

Through Cembureau, the European cement association, Cementir is directly involved in various working groups, including the one for the elaboration of a system revision proposal (ETS) for the allocation of CO₂ quotas and for legislation on sustainable construction, as well as providing feedback to the European Commission regarding the EU Taxonomy.

 

Global Cement and Concrete Association (GCCA)

Cementir is a member of the Global Cement and Concrete Association, whose purpose is to interact with international institutions and the most important stakeholders so that cement and concrete are recognized as indispensable elements for achieving the goals of sustainable development and to coordinate the efforts of the building industry to improve and innovate their production processes.
The GCCA works closely with existing national and regional associations.
Through the GCCA, in 2019 Cementir joined Innovandi, a network that connects the cement industry with scientific institutions to promote innovation and collaborate on innovative research projects to support the decarbonisation of the industry.

 

European Cement Research Academy (ECRA)

Cementir is a member of the European Cement Research Academy, whose most important research project concerns the application of Carbon Capture and Storage (CCS) technologies.

Last update: 02/02/2023 | 18:21