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
Commitment
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
Website UN Global Compact
Safe Water, Sanitation and Hygiene at the Workplace (WASH)
Cementir Holding N.V. is committed to ensure all workers have access to safe and affordable drinking water.
The company is a signatory of the WASH Pledge developed by World Business Council for Sustainable Development (WBCSD).
Learn more:
Press release
Website WASH4Work
Rating
Science Based Target initiative
Validation of emission reduction targets
In February 2024, the Science Based Target initiative (SBTi) validated Cementir's near and long-term decarbonization targets aligned with the 1.5° framework scenario. In addition, SBTi also approved Cementir’s overall net-zero emissions target by 2050.
Learn more:
Press release
Website SBTi
CDP (Carbon Disclosure Project)
Rating A- on Climate Change
In February 2024, for the third year in a row, CDP reaffirmed its A- rating on Cementir 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 February 2024, for the second year in a row, CDP reaffirmed its A- rating on Cementir 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
CDP (Carbon Disclosure Project)
Supplier Engagement Leader 2022
In March 2023 Cementir has been recognized Supplier Engagement Leader by CDP. CDP’s annual Supplier Engagement Rating (SER) is designed to assess and foster action on corporate supply chain engagement on climate issues, based on the answers provided in the CDP Climate Change Questionnaire.
Learn more:
Press release
Website CDP
MSCI ESG Ratings
Rating A
In September 2023, the MSCI ESG rating upgraded the rating of Cementir to A (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
Europe’s Climate Leaders for 2024
In April 2024, Cementir has been recognized as Europe’s Climate Leaders for 2024. This annual Financial Times and Statista survey lists the 600 European companies that have made the most progress in cutting their carbon emissions intensity over a five-year period.
Learn more:
Europe’s Climate Leaders 2024: interactive listing (ft.com)
Refinitiv
Rating A-
In September 2023 Refinitiv assigned Cementir an A- rating with a score of 76/100, ranking 10th out of a total of 119 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
Sustainalytics
Rating 22.3 (Medium Risk)
In October 2024, Cementir improved its ESG Risk Rating to 22.3 and was assessed by Morningstar Sustainalytics to be at Medium risk of experiencing material financial impacts from ESG factors. This places Cementir 7th out of 134 construction materials companies assessed worldwide by Sustainalytics.
Learn more:
Website Sustainalytics
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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
S&P Global Corporate Sustainability Assessment (CSA score)
Score 56/100
Cementir has been scored 56/100 in the 2023 S&P Global Corporate Sustainability Assessment (CSA score), ranking 21st out of a total of 123 companies in the Construction Materials Sector.
Learn more:
Website S&P Global
EthiFinance
Score 70/100
In January 2024 Cementir has been scored 70/100 by EthiFinance. The company has been assessed on four pillars: Governance, Social, Environment, External Stakeholders.
Learn more:
Website EthiFinance
ESG Identity Corporate Index
Score 55.99/100
In June 2024 Cementir received a score of 55.99/100, with an ESG identity of Leader. The questionnaire assesses the degree of integration of ESG factors into company strategies.
Learn more:
Website EticaNews
News
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.
Cembureau
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.