HeidelbergCement continues to drive decarbonization efforts by signing the Business Ambition for 1.5°C Commitment. Led by the Science Based Targets initiative (SBTi) in partnership with the UN Global Compact and the “We Mean Business” coalition, the initiative aims to limit global warming to 1.5°C and achieving net zero carbon emissions by 2050 at the latest.
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HeidelbergCement published its Sustainability Report for the 2020 financial year. On more than 100 pages, the company’s 12th Sustainability Report provides detailed information about the its path to climate neutrality and its strategy and activities in the areas of environment, social responsibility, and governance.
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In the first quarter of 2021, HeidelbergCement reported group revenue increased by 0.7% to €3,958 million, compared to the prior year period. Excluding consolidation and currency effects, the increase was 4.3%.
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HeidelbergCement plans to upgrade subsidiary Cementa’s Slite plant in Sweden into the world’s first carbon-neutral cement plant by 2030.
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In line with HeidelbergCement’s “Beyond 2020” strategic targets, the company’s supervisory board has established two new positions on the managing board in order to further drive the company’s major transformation in sustainability and digitalization– chief sustainability officer and chief digital officer.
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Martin Marietta will significantly boost its West Coast presence in a $2.3 billion cash deal for the bulk of Lehigh Hanson’s West Region operations in Arizona, California, Nevada and Oregon. The acquisition provides the company with a new upstream materials-led growth platform across several of the nation’s largest and fastest growing megaregions.
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HeidelbergCement presented preliminary, unaudited figures for the full year 2020. In a difficult market environment, the result from current operations before depreciation and amortization rose like-for-like by 6% to a record €3.7 billion. Consistent implementation of the company’s COPE action plan led to cash savings of around €1.3 billion.
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Germany-based HeidelbergCement AG is exploring the sale of some of its U.S. assets as the producer’s chief executive Dominik von Achten seeks to divest peripheral businesses, reported Bloomberg. The company is working with Morgan Stanley on the sale of California operations, which could fetch around $1.5 billion, according to people familiar with the matter.
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CDP, a global environmental non-profit, has once again recognized HeidelbergCement as one of the world’s leading companies in cutting emissions, mitigating climate risks and developing the low-carbon economy.
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HeidelbergCement has strengthened its commitment to climate protection by joining Foundation 2° (Stiftung 2°) – a network of entrepreneurs for progressive climate policy. Together with the Foundation 2°, the company hopes to develop cross-sector approaches and concepts for Germany and Europe in order to make climate protection a sustainable and successful business model.
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