Building materials company Holcim has published its second climate report, which includes upgraded climate targets for 2030 in line with the 1.5-degree framework and the Science Based Targets initiative.
Holcim’s goals include reaching 420 kg CO2 per ton of cementitious materials by the end of the decade. The company has committed to investing a total of CHF 2 billion ($2.18 billion) by 2030 for carbon capture utilization and storage (CCUS) technologies to capture over 5 million tons of carbon dioxide annually.
“We are committed to scaling up low-carbon and circular construction while making buildings more sustainable in use to build cities that work for people and the planet,” said the company’s CEO Jan Jenisch.
Holcim has recycled 6.8 million tons of waste from construction and demolition into new building solutions. The company is on track to surpass its target of 10 million tons by 2025.
In 2022, Holcim increased its investments in green solutions by 15% for a total of CHF 403 million ($439.84). The company brought down carbon dioxide per net sales by 21% last year and has committed to reducing it by more than 10% this year.
The new climate report will be put to an advisory vote during the company’s Annual General Meeting in May.
Headquartered in Switzerland, building materials company Holcim employs 60,000 globally. The firm offers low-carbon and circular solutions such as green concrete range ECOPact and green cement range ECOPlanet.