The Science Based Targets initiative (SBTi) validates our near-term emissions reduction targets

• Our near-term climate targets, validated by the Science Based Targets initiative (SBTi), are aligned with the 1.5°C science-based framework of the Paris Agreement, reinforcing our commitment to decarbonizing our operations based on the most advanced climate science.

We have achieved validation of our emissions reduction targets by the Science Based Targets initiative (SBTi), confirming that our climate ambition is aligned with limiting global warming to 1.5°C. This milestone reinforces our commitment to decarbonizing our operations and strengthens our role in advancing the transition toward a low-carbon economy.

The SBTi’s independent assessment, as the leading global benchmark for science-based climate action, verifies that our targets are consistent with the level of decarbonization required to address climate change effectively. By embedding these targets into our strategy, we are accelerating our roadmap to reduce emissions at scale across our operations.

We are committed to reducing gross Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 20.3% per ton of cementitious materials by 2030 from a 2023 base year. In parallel, we are targeting a 21.2% reduction in Scope 3 emissions per ton of cementitious materials over the same period, including emissions from purchased clinker and cement, as well as from our investments (joint ventures).

These targets are integrated into our climate transition plan, designed to accelerate emissions reductions throughout this decade. To support this ambition, we plan to allocate €65 million to decarbonization initiatives, enabling the deployment of innovative technologies and the transformation of our industrial processes.

Our decarbonization strategy is driven by a set of key levers, including the increased use of alternative and decarbonated raw materials, improvements in thermal efficiency, and a higher share of alternative fuels. We are also expanding our consumption of renewable electricity and reducing clinker content through efficiency gains, the use of supplementary cementitious materials, and the development of new low-carbon cement formulations. In this context, we have already achieved a 25% thermal substitution rate, marking solid progress in increasing the use of alternative fuels and reducing emissions associated with energy consumption.

“The SBTi validation confirms that our decarbonization roadmap is aligned with global climate goals and reinforces our commitment to reducing emissions. This recognition supports the work we are carrying out and reflects our determination to actively contribute to global efforts to address climate change,” said Carlos Martínez, Chief Strategy & Sustainability Officer.

The Science Based Targets initiative (SBTi) is an international partnership supported by leading sustainability organizations, including CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Its mission is to help companies set emissions reduction targets aligned with climate science and the Paris Agreement. The initiative independently evaluates and validates the targets submitted by companies.

The validation of these targets reinforces our commitment to decarbonizing our operations and integrating climate criteria into our long-term growth strategy.