Cemex Passes 1,000 Lower-Carbon Truck Milestone
Portfolio Pulse from Benzinga Newsdesk
Cemex, a global building materials company, has surpassed 1,000 heavy-duty trucks powered by lower-carbon fuels, aligning with its Future in Action program aimed at net-zero CO2 emissions by 2050. The company has reduced CO2 emissions by 5% from its fleet and aims to cut third-party transport emissions by 30% by 2030. Cemex unveiled the first fully electric ready-mix truck in the Middle East at COP28 and is collaborating with partners to develop zero-emission vehicles. Renewable diesel and natural gas, which reduce carbon footprint significantly compared to regular diesel, are part of Cemex's transition strategy.
December 04, 2023 | 1:23 pm
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Cemex has achieved a significant sustainability milestone with over 1,000 lower-carbon fuel trucks and is pioneering the use of electric ready-mix trucks, which may positively influence investor perception and align with environmental, social, and governance (ESG) criteria.
Cemex's announcement of surpassing 1,000 lower-carbon trucks and the introduction of electric vehicles is a strong signal of its commitment to sustainability and may attract investors focused on ESG. The reduction in CO2 emissions and alignment with the Future in Action program enhances the company's reputation and may lead to a positive short-term impact on the stock price.
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