Decarbonisation Goals

The companies belonging to CIMPOR Global Holdings, CIMPOR and OYAK Cement, have set decarbonisation commitments for 2030 and 2050 covering Scopes 1, 2 and 3, fully aligned with scientific criteria and with the objective of limiting the increase in the planet’s average surface temperature to no more than 1.5ºC above pre-industrial levels. These targets were validated by the Science Based Targets initiative (SBTi), in 2023 for OYAK Cement and in 2024 for CIMPOR.

Overall Net-Zero Target:

CIMPOR and OYAK Cement commits to reaching net-zero GHG emissions across the value chain by 2050.

Near-Term Targets

CIMPOR (*):

• Gross Scope 1 emissions: a reduction of 19.5% per tonne of cementitious product by 2030, compared to the 2022 base year (**).
• Scope 2 emissions: a reduction of 55.7% per tonne of cementitious product by 2030, compared to the 2022 base year.
• Scope 3 greenhouse gas emissions from purchased goods and services: a reduction of 29.4% per tonne of clinker and cement purchased by 2030, compared to the 2022 base year.

OYAK Cement:

• Gross Scope 1 emissions: a reduction of 20.5% per tonne of cementitious product by 2030, compared to the 2021 base year (**)
• Scope 2 emissions: a reduction of 56.3% per tonne of cementitious product by 2030, compared to the 2021 base year.
• Scope 3 greenhouse gas emissions from purchased goods and services: a reduction of 22.9% per tonne of clinker and cement purchased by 2030, compared to the 2021 base year.

Long-Term Targets:

CIMPOR:

Gross Scope 1 and 2 emissions: a reduction of 95.2% per tonne of cementitious product by 2050, compared to the 2022 base year (**).
Scope 3 emissions: an absolute reduction of 95% within the same timeframe.

OYAK Cement:

Gross Scope 1 and 2 emissions: a reduction of 95.8% per tonne of cementitious product by 2050, compared to the 2021 base year (**).
Scope 3 emissions: an absolute reduction of 90% within the same timeframe.

(*) CIMPOR’s SBTi target was validated for CIMPOR Indústria de Cimentos S.A (Cement Activity).

(**) The target boundary includes land-related emissions and removals from bioenergy feedstocks.