MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has been included in the Fortune 2017 Change the World List, a ranking that highlights 50 companies worldwide that have had a positive social impact through activities that are part of their core business strategy. With its inclusion in Fortune’s 2015 list, this marks the second time that CEMEX was recognized among the world’s top 20 companies in this ranking.
Fortune recognized CEMEX’s efforts to foster sustainable building practices by highlighting the company’s “Growing” platform, which encompasses CEMEX’s social and inclusive businesses such as Construyo Contigo (Building Together), ConstruApoyo, Yo Construyo (I Build), and Clean Cookstoves. Through these diverse, innovative solutions, CEMEX’s “Growing” platform goes beyond self-construction businesses to fight poverty, low-quality education, unhealthy homes, unemployment, lack of capabilities, poor access to financial aid, and lack of civic participation. By 2016, these platforms had provided affordable and dignified housing to over 3 million people in Latin America. CEMEX is committed to continue creating shared value through social innovation, by creating and strengthening its alliances with think tanks, the private sector, universities, NGOs, and community partners.
“We are once again honored by Fortune’s recognition of our effort and commitment to foster global, sustainable building practices,” said Fernando A. Gonzalez, CEO of CEMEX. “The ‘Growing’ platform has enabled us to work across our value chain with governments, micro-finance entities, low-income communities, and social entrepreneurs to build over 4 million square meters of livable space.”
Fortune assembled the 2017 Change the World List with the help of the non-profit social impact consulting firm FSG and its Shared Value Initiative organization. To select the 50 companies, Fortune considered three criteria: measurable social impact, the business result in terms of profitability of the socially impactful work, and degree of innovation. The full Fortune 2017 Change the World list is available at: http://fortune.com/change-the-world/list/.
CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.
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