Zug – Holcim has increased its green investments by 15 percent to CHF 403 million in 2022. The building materials manufacturer has exceeded the milestone for circular construction. It also pledges to invest a total of 2 billion Swiss francs by 2030 to capture more than 5 million tons of CO2 per year from the air.
Holcim documents the progress made with regard to its climate strategy in the second climate report now published. With this report, the company, one of the world’s largest producers of building materials, is also announcing its accelerated climate targets, according to a media release.
These have been updated in line with the 1.5 degree framework of the Scienced Based Targets Initiative, according to Sustainability and Innovation Chief Magali Anderson. Holcim wants to be “a pioneer in low-carbon and circular construction,” he said.
According to the report, Holcim has increased its investment in green technologies by 15 percent to CHF 403 million in 2022. As a result, the Group reportedly reduced its CO2 emissions per unit of net sales by 21 percent. In 2023, this figure is expected to rise by a further 10 percent.
Furthermore, Holcim commits to invest a cumulative CHF 2 billion in mature technologies for capturing CO2 from the air by 2030. This is expected to remove more than 5 million tons of CO2 from the atmosphere per year.
6.8 million tons of construction and demolition waste were recycled in new buildings. With this interim result, the company is expected to exceed its target of reaching around 10 million tons by 2025. “We are committed,” says CEO Jan Jenisch, “to advancing low-carbon and circular construction and using buildings more sustainably to build cities that work for people and the planet.”
This second climate report will be submitted to the General Assembly for a vote on May 4. According to the release, this reflects Holcim’s commitment to giving shareholders a say in its climate strategy. mm