We earned an “A” score in the ESG Index of MSCI ESG Research, evolving from a “BBB” score in previous years. The MSCI ESG Rating identifies the environmental, social and governance risks and opportunities of companies. Our improved score is the result of the implementation of our sustainability strategy at all levels of the organization, in particular our decarbonization efforts, investments in renewable energy, health and safety programs and initiatives, and corporate governance.
“This recognition strengthens our ESG journey. We know we have a lot of work ahead of us, but we believe we are on the right track. We will continue to pursue lasting results and to create a positive legacy for society, always placing health and safety first,” said Álvaro Lorenz, our global director of Sustainability, Institutional Relations, Product Development and Engineering.
The MSCI ESG Rating model uses criteria to evaluate the exposure of companies to ESG risks that are financially relevant for the industry in the long term.
Sustainable Future – For Votorantim Cimentos, sustainability is part of the company’s 86-year history. We are in constant evolution to produce lasting results and create a positive legacy for society. Our vision of the future is built around the concept of “flexible solidity”. We have the solidity of a mature, long-term company that operates with excellence, ethics and integrity. And we are also flexible to modernize and adapt to society’s new needs, leveraging technological developments to make better use of resources, evolve processes and positively impact people’s lives.
As an example of our evolution and an important step in our journey, in November 2020 we published our 2030 Sustainability Commitments, which incorporate best practices in ESG (environmental, social and governance) and align with the UN Sustainable Development Goals (SDGs). And in December 2022, we announced our revised 2030 decarbonization target: 475 kg of CO2 per tonne of cement. Votorantim Cimentos’ new global target is 8.7% lower than the target of 520 kg of CO2 per tonne of cement announced as part of our Commitments.