Second-Party Opinion Download

Use of Proceeds Instruments

Green Bond Principles 2021 and Green Loan Principles 2021

Sustainalytics is of the opinion that the CEMEX Green Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and Green Loan Principles 2021. The project categories for the use of proceeds – Pollution Prevention and Control, Renewable Energy, Energy Efficiency, Eco-efficient and Circular Economy-adapted Products, Production Technologies and Processes, Clean Transportation and Sustainable Water and Wastewater Management – are aligned with those recognized by the Green Bond Principles 2021 and Green Loan Principles 2021. Sustainalytics considers that investments in the project categories will lead to positive environmental impacts and the activities under the use of proceeds project categories to be credible from a transition perspective.  

Climate Transition Finance Handbook 

Sustainalytics has evaluated CEMEX’s transition governance, strategy, decarbonization targets and intentions to report on its transition progress and finds CEMEX to be aligned with the recommendations of the Climate Transition Finance Handbook 2020. As a cement producer, CEMEX is involved in an energy-intensive sector and has established CO2 emissions intensity reduction targets for 2030 and 2050 that are validated by the Science Based Targets initiative to be in line with the 1.5°C scenario. CEMEX has outlined an implementation plan and capital investment plans for its Future in Action programme designed to reduce its carbon emissions.