Holcim sets itself more ambitious climate targets
Holcim has increased its green investments by 15 percent to CHF 403 million in 2022. The building materials manufacturer has exceeded the milestone target for circular construction. It is also committed to investing a total of CHF 2 billion by 2030 to capture over 5 million tonnes of CO2 per year from the air.
Holcim documents the progress it has made on its climate strategy in its second climate report, which has just been published. With this report, the company, one of the world’s largest producers of building materials, also announces 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”.
According to the report, Holcim has increased its investment in green technologies by 15 per cent to 403 million Swiss francs in 2022. As a result, the group reportedly reduced its CO2 emissions per unit of net sales by 21 per cent. this is expected to increase by a further 10 percent in 2023.
Furthermore, Holcim commits to invest a cumulative CHF 2 billion in mature technologies for capturing CO2 from the air by 2030. This should remove more than 5 million tonnes of CO2 from the atmosphere per year.
6.8 million tonnes of construction and demolition waste recycled into new buildings. With this interim result, the company is expected to exceed its target of achieving around 10 million tonnes by 2025. “We are committed,” says CEO Jan Jenisch, “to driving 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 4 May. According to the statement, this reflects Holcim’s commitment to giving its shareholders a say in its climate strategy.