Concrete is the second most used resource in the world after water. Currently, there is no practical substitute for this versatile and durable product for most purposes. As the chief ingredient in concrete, cement is therefore a key requirement of modern society.
- We appreciate that our business success depends on nature and ecosystem services
- We are aware that currently the cost of resources does not fully reflect the reality of the true value of those resources
- Change is inevitable and it could be disruptive
That is why we have set ourselves very clear targets to be less dependent on primary materials and manage natural resources and ecosystems in a sustainable way. We are also committed to minimizing the impacts of our production.
Details of these targets and our actions are detailed in the Holcim Sustainable Development Ambition 2030 section.
The “true value” of our activities
As competition for resources intensifies, assessing the value of environmental and social impacts and opportunities – currently not priced in the cost of goods – is instrumental to anticipate future development and gain a competitive advantage. We have started programs to try to ascertain the “true value” of our activities.
For example, our Group company in India, Ambuja Cements (ACL), supported by KPMG, undertook a project to understand the value of its social and environmental impacts and to gain insights as to the value that could be at risk by 2020.
The study estimated positive and negative impacts of aspects such as water usage and rainwater harvesting, carbon and other emissions to air, the use of alternative fuels and raw materials and also considered the estimated economic value added to society.
The study showed that overall, ACL shows a positive financial impact on net environmental and social values, but highlighted where the company needs to invest in reducing negative values – especially in the environmental domain.
The study specifically showed that ACL could profitably maximize its “true value” focusing its resources on carbon emissions, water and further expanding its social engagements.