Delivering what we promised
“Strategy 2022 – Building for Growth” was introduced in 2018 to drive profitable growth and simplify our business to deliver resilient returns and attractive value to stakeholders. The strategy played to our unique strengths as a company and in full view of the trends in our marketplace. The strategy laid out four value drivers – Growth, Simplification & Performance, Financial Strength and Vision & People – which have delivered record results ahead of plan.
Following our pledge to net zero, our ambition is to lead the industry in reducing carbon emissions and shifting towards low-carbon construction – focusing on our core business of cement.
We are setting the pace of green transformation in the cement industry, becoming the first company in our industry to set 2050 targets approved by the Science Based Targets initiative. We will reach net zero largely through adaptations to our key cement segment while maintaining market-leading positions and strong profitability. ECOPlanet, our global range of green cement, delivers at least 30% lower carbon footprint with equal to superior performance compared to ordinary (CEM I/OPC) cement to enable low-carbon construction at scale.
Our aggregates business provides attractive business fundamentals based on above-inflation pricing, increasing regulations, limited import threat and limited substitutes.
There is also tremendous opportunity to deliver on growing demand for sustainable and circular products via our recycled aggregate products. Ensuring we are well positioned to deliver on these fundamentals, dedicated P&L leaders drive growth and performance in our aggregates business at country level, continuing to close the gap to best in class. This is underpinned by our commitment to developing more innovative and sustainable solutions, and to make further bolt-on acquisitions and greenfield investments to strengthen our footprint and margins.
THE GREEN CONCRETE COMPANY
Concrete is the building material for a growing, urbanizing world. No other material matches its performance benefits. It is resilient, protecting our cities and infrastructure from natural disasters such as effects from flooding. It is durable, fire- and quake-resistant as well as versatile, affordable, insulating and available everywhere. It is infinitely recyclable and, with our green concrete, we are making it low-carbon. Acting as a carbon sink, it reabsorbs >20% of the CO2 emitted in its production throughout its lifespan.