Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Cemex is strategically engaging on climate change policy in the EU, Mexico and the US with positions which are partially aligned with science-aligned policy. The company appears to advocate for scaling up several decarbonization technologies while taking positions which are not aligned with IPCC recommendations and is a member of several associations which are engaging on several climate policies with science-misaligned positions including the European Cement Association (CEMBUREAU).
Top-line Messaging on Climate Policy: Cemex appears to be supportive of climate action in its top-line communications. In its Climate Advocacy Review published in February 2025, the company seemed to support GHG emissions reductions in line with 1.5ºC. Cemex appears to support government policy to respond to climate change, in its Trade Association Climate Advocacy Review published in February 2025, the company supported regulations and policies to enable the decarbonization of the cement and concrete industry, and committed to lobby for policies in line with 1.5º. In its 2024 Integrated Report, published in March 2025, Cemex supported carbon pricing mechanisms. However, in February 2024 Cemex signed the Antwerp Declaration that advocated for an EU Industrial Deal which seemed to support avoiding implementing detailed regulation. In its Trade Association Climate Advocacy Review published in February 2025, the company supported the UN Paris Agreement goal to limit warming to 1.5ºC.
Engagement with Climate-Related Regulations: Cemex seems to support specific climate change regulations with some limited exceptions. In its Trade Association Climate Advocacy Review published in February 2025, the company broadly supported emissions trading systems (ETS), and stated it was directly engaged with regulators on the Mexican ETS in its 2024 Annual Report published in March 2025. In its 2024 Integrated Report published in March 2025, Cemex broadly supported the EU’s Carbon Border Adjustment Mechanism. In an October 2024 joint letter Cemex strongly supported a range of energy efficiency policies including energy intensity targets, regulatory guidelines and incentives. The company’s Trade Association Climate Advocacy Review indicated that the company supported government policies to deploy renewable energies including solar, wind and hydro. Cemex has consistently supported revising building codes and standards to incentivize the adoption of lower-carbon products, for example, in its 2024 Integrated Report, published in March 2025.
Engagement with Circular Economy Climate-Related Regulations: In its 2024 Integrated Report, published in March 2025, Cemex supported circular economy policies targeting the construction sector, as well as supporting US legislation to develop cement sector efficiency technologies. In its 2024 CDP Climate Change Disclosure the company supported the adoption of Mexico’s National Circular Economy Law. However, in a March 2024 comment to the US Environment Protection Agency Cemex did not support including recycled content in the Low Embodied Carbon Construction Materials Label Program.
Positioning on Energy Transition: Cemex appears to generally support the energy transition while taking some unclear positions on specific decarbonization technologies. In an October 2024 joint letter, the company supported the removal of fossil fuel subsidies, speeding up the transition to a renewables-based energy system and electrification and scaling up industrial decarbonization solutions. However, the company has also consistently taken positions on carbon capture, utilization and storage technologies which are not aligned with IPCC recommendations, for example, in a January 2025 joint letter and in its Trade Association Climate Advocacy Review published in February 2025.
Industry Association Governance: Cemex disclosed a partial list of its memberships of industry associations in its Trade Association Review, published in March 2024, which included only top-line climate statements without reference to specific climate policies. CEMEX retains memberships to various industry associations which are negatively engaged on key climate policies, in the EU, US and Mexico, including the European Cement Association (CEMBUREAU) and the Mexican Employers Association (Coparmex).
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2025.