LafargeHolcim Ltd. Statements on Climate Change “Our sustainability ambition focuses on Climate, Circular Economy, Environment and Communities. The ambition articulates our efforts to improve the sustainability performance of our operations and puts the focus on developing innovative and sustainable solutions for better building and infrastructure. It goes beyond our own business activities and covers the entire construction value chain and the life cycle of buildings.”179 “Following the agreement on climate change at Paris COP21, signatory countries are required to communicate national reduction commitments and pass implementation regulation. The likely effect of this increasing number of frameworks will be to: i) increase the cost of fossil fuels by carbon tax mechanisms, ii) impose more restrictive cap & trade systems and iii) increase the cost of CO2.”180 “Our sustainability ambition includes a commitment to continue to reduce our net CO2/tonne of cement. More specifically, we have developed two sets of actions, short and long term, to address the CO2 and climate challenge along the construction value chain. • Short-term actions: (i) improved clinker production technology; (ii) higher usage of alternative fuels and alternative raw materials; (iii) optimization of the cement portfolio with lower CO2 footprint; (iv) optimization of the concrete product portfolio; (v) increase share of solutions and products with favorable CO2 impact; • Long-term actions: Innovation and research and development into (i) carbon capture solutions and alternative clinker; (ii) decarbonized fuel and energy; (iii) low-carbon cement; (iv) low-carbon concrete; (v) ultimate construction methods to reach low-carbon construction.”181 “We are cognisant of the carbon footprint of the building materials industry. LafargeHolcim is at the forefront of efforts to mitigate climate change. Since 1990, we have reduced our net carbon emissions per tonne of cement by 25 percent.”182 “With our revised target of 520 kg CO2/tonne by 2030, we remain the most ambitious company in our sector. We are still committed to reducing emission levels in line with a 2 degree scenario, as agreed at the COP21 world climate conference in Paris. LafargeHolcim Ltd., supra note 17, p. 68. Id., p. 71. 181 Id., p. 74. 182 Lafarge Holcim Ltd. (2018), Sustainability Report 2018, p. 12 https://www.lafargeholcim.com/sites/lafargeholcim.com/files/atoms/files/14052019_publications_lafargeholcimsustainability-report-2018.pdf (last accessed on 12 September 2019). 179 180 Annex D: Corporate Statements on Climate Change and Human Rights | 46