09/18/2023 | Press release | Distributed by Public on 09/18/2023 16:26

Cemex works with the United Nations to spearhead progress on Sustainable Development Goals

Monterrey, Mexico. September 18, 2023 - Cemex reaffirms its commitment to the UN's Sustainable Development Goals (SDGs) through a series of collaborative efforts that seek to accelerate progress and inspire others in the private sector.

These efforts include Cemex's participation in the UN's Forward Faster initiative as an early mover in the building materials sector and co-leading the UN Global Compact's Sustainable Supplier Impact Program.

Cemex is among the first companies to join Forward Faster, an initiative that aims to bring businesses together to accelerate their contribution to society in five action areas -gender equality, climate action, living wage, finance & investment, and water resilience. The UN Global Compact focused on these areas where the business sector can uniquely and powerfully drive progress across all 17 SDGs. Participants will each choose public targets in one of the action areas. Cemex was invited to join due to its "leadership on Sustainable Finance, Just Transition, Climate, and other issues." Forward Faster officially launched on September 18, during the UN General Assembly week.

"Our company is committed to building a better future, one that is more sustainable, circular, and creates a supportive environment for people to thrive," said Fernando A. González, CEO of Cemex, who participated in a panel during the UN Private Sector Forum, an event hosted annually by the United Nations Global Compact (UNGC) on behalf of the UN Secretary-General that brings the voice of business to the UN through leading CEOs and investors, heads of states and governments, and civil society representatives. "The SDGs provide a great blueprint to effect this change, but progress is not happening fast enough. The public and private sectors must join to map an equitable transition to the sustainable world of tomorrow."

Cemex is leading the UNGC Sustainable Supplier Impact Program. The program aims to increase the contribution to sustainable development of small and medium enterprises in Cemex's supply chain. From April to August of this year, over 100 of Cemex's suppliers came together to learn about the UNGC's ten principles, identify gaps, and build action plans to close them.

The UN's SDGs provide "a shared blueprint for peace and prosperity for people and the planet, now and into the future." Cemex is focused on four priority SDGs: (9) Industry, Innovation, and Infrastructure, (11) Sustainable Cities and Communities, (12) Responsible Consumption and Production, and (13) Climate Action.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com


Except as the context may otherwise require, references in this press release to "Cemex," the "company," "we," "us," or "our" refer to Cemex, S.A.B. de C.V. (NYSE: CX). This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Cemex intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect Cemex's current expectations and projections about future events based on Cemex's knowledge of present facts and circumstances and assumptions about future events, as well as Cemex's current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex's expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex's most recent annual report and detailed from time to time in CEMEX's other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex's expectations, expected results, and/or the initiatives referred in this press release not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex's forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice.