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HeidelbergCement to reduce 30% CO2 emissions by 2030

2022-06-03

Jun. 3, 2022 - HeidelbergCement is accelerating its transformation towards a sustainable future. At this year’s Capital Markets Day, HeidelbergCement today presented new medium-term sustainability and financial targets under the motto “Concrete Promises”.


“We are rigorously driving forward the transformation of HeidelbergCement to become the world's most sustainable company in our sector,” says Dr Dominik von Achten, Chairman of the Managing Board of HeidelbergCement. “We have the ambition, speed, knowledge, technologies, and partners to lead the necessary change process in our sector. Our focus is on expanding our portfolio of sustainable products, reducing our CO2 emissions quickly and significantly, proving that CO2-free products are possible on a large scale, and creating a circular economy by consistently applying the principles of circularity. Our new sustainability targets for 2030 illustrate this ambition.”


Dr Dominik von Achten adds: “At the same time, we are convinced that we can also achieve this change in an economically sustainable way. We have created the conditions for this in recent years. We are building on a strong basis and are better positioned today than ever. In the coming years, we want to continue to grow profitably above the market and further increase the return on invested capital.”


New climate targets and sustainable products as game changers for profitable growth

Dr Nicola Kimm, Member of the Managing Board and Chief Sustainability Officer of HeidelbergCement, says: “We are significantly tightening our climate targets. With the reduction of specific net CO2 emissions to 400kg/t of cementitious material by 2030, we are establishing the most ambitious goal in the sector.” This target corresponds to a reduction of 47% compared with the base year 1990 and is significantly higher than the previous reduction target of 33% for 2030 in the same period. Compared to 2021, the company aims to reduce CO2 emissions by a further 30%. Thus, in the next eight years, CO2 emissions are to decrease more strongly in percentage terms than in the last three decades. “We are focusing on the optimisation of products and processes, as well as in particular on the expansion of CO2 capture, utilisation, and storage (CCUS)”, adds Dr Nicola Kimm. The company aims to achieve net zero emissions by 2050 at the latest. At HeidelbergCement, the reduction of CO2 emissions is also embedded in the remuneration of the Managing Board and all bonus-eligible employees worldwide.


At the product level, the focus is on the widescale adoption of ever lower carbon cements and concrete, the rapid acceleration of the use of recycled materials, and the use of new technologies such as 3D concrete printing. By 2030, HeidelbergCement aims to increase its revenue with sustainable products to a share of 50% of Group revenue. Only recently, HeidelbergCement expanded its sustainable concrete portfolio in Germany under the EcoCrete brand. With the “ecolution” programme, the company will in future record the revenue of all products that meet at least one of four defined sustainability criteria. 


Rapid scaling of CO2 capture technologies

CCUS is a crucial component of HeidelbergCement's climate strategy. In dealing with the unavoidable process emissions from clinker production, the company is focusing on the expansion and scaling of its CCUS initiatives: In order to gain experience with all important CO2 capture technologies, HeidelbergCement is further developing different technologies and cooperating with qualified partners. Promising projects can thus be scaled up to industrial-scale promptly and cost-effectively. Solely with CCUS projects that have already been launched, the company aims to save 10mt of CO2 cumulatively by 2030. 


“CCUS is the only way so far to be able to produce CO2-free cement and concrete,” says Dr Dominik von Achten. “We are very well positioned here and are thus able to reduce our operating expenses, also through lower costs for CO2 allowances. This is a clear competitive advantage for HeidelbergCement and an opportunity to sustainably improve margins, especially in Europe.”

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