Cemex Achieves Highest MSCI ESG Rating of AAA in Building Materials Sector

Cemex announced it has been upgraded to AAA in the MSCI ESG Ratings assessment, the highest possible rating, placing the Mexican building materials company among the top performers in its global sector. Only 15 companies from the global building materials industry have achieved a AAA rating from MSCI.

MSCI ESG Ratings evaluate companies on their resilience to financially relevant, industry-specific sustainability risks and opportunities, providing investors with a relative view of performance within each sector. Cemex's upgrade from A to AAA reflects progress in climate strategy, resource efficiency, and governance integration. The company has focused on improving transparency, strengthening operational practices, and linking sustainability to core business decisions. MSCI ratings are widely used in portfolio construction, risk management, and investor engagement processes.

For the global cement sector, one of the most carbon-intensive industries, a AAA MSCI rating carries significant weight with institutional investors integrating ESG factors into capital allocation decisions. Cemex has pursued decarbonization through innovation in low-carbon cement products, increased use of alternative raw materials, and circular economy initiatives. CEO Jaime Muguiro said the company is moving forward on decarbonization focused on levers that make financial sense and meet customer demand in markets with appropriate regulatory frameworks.

The rating upgrade is expected to support Cemex's access to sustainable finance and strengthen its position with ESG-focused institutional investors globally. Cemex has stated a long-term ambition of carbon neutrality and has prioritized research and development in low-carbon construction materials as part of its Future in Action climate program. As MSCI ratings become increasingly integrated into green bond and sustainability-linked financing frameworks, the AAA designation provides tangible commercial benefits alongside reputational recognition.

Key figure — 15 companies from the global building materials industry hold a AAA MSCI ESG rating