CEMENTING THE FUTURE
Sustainable Business Magazine speaks to Vicente Saisó, Corporate Director of Sustainability at CEMEX S.A.B. de CV, about emissions reduction, social and inclusive businesses, and the importance of transparency.
CEMEX, a Mexico-based multinational cement company, started out in 1906 as a small cement factory in Northern Mexico called Cementos Hidalgo. In 1920, Cementos Portland Monterrey opened, and when the two companies merged in 1931, they renamed themselves Cementos Mexicanos, or CEMEX. In the 1980s, by acquiring other local manufacturers, CEMEX became the largest cement company in Mexico, and in 1992, the company made its first major international acquisition, purchasing operations in Spain. Today, CEMEX is present in 50 countries, with 41,000 employees globally. They are listed on the New York Stock Exchange, the Bolsa Mexicana de Valores, and some of their regional/local subsidiaries on the stock exchanges in Colombia and the Philippines. 26 | SUSTAINABLE BUSINESS MAGAZINE
CEMEX is involved in three main products: Cement, ready-mix concrete, and aggregates. The company’s core business is cement production, for which they have an annual capacity of close to 90 million tons. They also produce 52 million cubic meters of ready-mix concrete, and 151 million tons of aggregate. In all three categories, CEMEX is among the largest companies in the world. SUSTAINABILITY MODEL Recently, CEMEX developed a new global model for incorporating sustainability into their business at all levels. “The Sustainability Model is a framework to explain to both our internal and external audiences the way we perceive sustainability, and how we have
organized ourselves to embed sustainable development into the strategy and day to day operations of the company,” explains Vicente Saisó, Corporate Director of Sustainability at CEMEX. “The model has four pillars – economic, environmental, social, and governance – and each pillar has three or four priorities of action which we make sure are being pursued throughout CEMEX, in every country we’re present in.” The economic pillar of CEMEX’s Sustainability Model refers to providing sustainable solutions to the market. “This means either providing sustainable products and services themselves, or helping construction projects to be sustainable,” says Mr. Saisó. “Then our environmental pillar is about trying to enable a low-carbon, resource-efficient industrial