Strategy

Cementir is committed to achieving carbon neutrality by 2050, defining sustainability objectives consistent with those of the United Nations to promote the circular economy, reduce the impact on the environment, give value to people and communities, and promote health and safety in the workplace. These ESG targets are embedded in the Group strategic objectives and management’s incentive schemes.

The Roadmap to 2030 has been updated, and the objective of reducing Scope 1 CO2 emissions to 460 kg per ton of grey cement, an emission level lower than the limits imposed by the European Taxonomy, has been confirmed. For white cement, a niche product for specific applications, the plan is to reduce emissions to 738 kg per ton by 2030.

The levers to achieve these new objectives are, among others, the reduction of the clinker content in cement, the greater use of less polluting or alternative fuels, the optimization of thermal efficiency. The 2030 Plan assumes the implementation of a carbon capture and storage (CCS) technology both in Denmark, where the Group has started a second pilot project financed in part by the Danish Innovation Fund, and in Belgium.

In the three-year period 2024-2026, the Group expects to invest approximately EUR 100 million in sustainability projects including: preliminary studies for CCS in Denmark and Belgium; the kiln upgrade at the Belgian plant to increase the use of alternative fuels from the current 40% to over 70%; the transition to natural gas in some of the Group's plants, the preparation of the structures necessary for the production of FUTURECEM® in Denmark, the increase in the use of alternative fuels in Türkiye and other projects to reduce the climate impact of transport, procurement, logistics and the optimization of water resources usage in the production process.

In the renewable energy sector, the Group has signed long-term Power Purchase Agreements (PPAs) with renewable energy producers for the direct purchase of electricity from renewable projects and is evaluating the production of renewable energy from wind farms and/or solar in plants.

The Group will continue to increase the production of new low carbon cements and other sustainable and high added value products such as FUTURECEM®, which allows to reduce the clinker content in cement and therefore reduce CO2 emissions by approximately 30%. In addition to the aforementioned pilot projects for Carbon Capture, Usage and Storage, with the participation of leading industrial and technological partners, other initiatives include the adoption of artificial intelligence solutions in the production, commercial and supply chain sectors.

The Group will continue to implement a series of actions to further improve the profitability and operational efficiency of manufacturing and logistics processes, with process digitization initiatives, preventive and predictive intelligent maintenance, advanced production control systems, intelligent logistics, warehouse management and integrated digital sales planning.

Cementir will continue to invest in strengthening vertical integration and its competitive position in the Nordic & Baltic, Belgium and Türkiye areas, as well as consolidating its global leadership in white cement with targeted actions in strategic markets. The Group will also be ready to seize potential external growth opportunities in the core business.

The Group's objective will be to further promote the culture of health and safety, further improving the results achieved with the initiatives envisaged by the Zero Accidents program. It also intends to promote diversity and inclusion, the development of human capital and the valorization of skills and evaluation and remuneration policies to improve individual performance and that of the entire organization.