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
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).
CDP (Carbon Disclosure Project)
Rating A- on Climate Change
In December 2021, Cementir achieved a A- rating 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.
MSCI ESG Ratings
In December 2020, 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.
In In April 2021 Vigeo Eiris, the ESG rating agency of the Moody's group, assigned Cementir an overall score of 43/100 (from 38/100 in 2019), placing it in 7th place out of 25 companies in the sector.
Vigeo Eiris is a global leader in ESG assessments, data, research, benchmarking and analytics.
In May 2021 Cementir obtained a score of 73/100 from Gaia Rating, part of the French group Ethifinance, ranking 22nd out of a total of 512 companies (top 4%) and 1st out of 8 companies in the Materials sector.
Website Gaia Rating
Integrated Governance Index
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.
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.