Cement Industry Faces a Pivotal Moment on Climate
Guest Blog by Tarek Soliman, CDP
Cement is not often at the forefront of investors' minds – unless perhaps they are involved in a property project. However, it is an everyday necessity, and leading cement companies face an enormous challenge in the wake of the Paris Agreement to become compatible with the future transition to a low-carbon economy.
The stakes couldn’t be higher.
The cement industry accounts for 5% of global emissions and research released today by CDP shows that the 12 biggest cement companies – collectively boasting a market capitalization of over $120bn - risk US$4.5bn in lost earnings if a moderate carbon price (of $10) is introduced. That represents up to 114% of EBIT [earnings before interest and tax) for the worst performers
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Tarek Soliman is Senior Analyst, CDP Investor Research
