Holcim releases 2024 Tax Transparency Report
- Holcim contributed more than CHF 26.7 billion to communities in 2024
- Contributions were made locally where business occurs, with 85% of money paid to governments whose markets account for 89% of sales
- Report provides a detailed overview of Holcim’s 2024 tax contributions
Holcim has published its fifth annual Tax Transparency Report, showing that in 2024 the company contributed more than CHF 26.7 billion to communities across the world, including:
- Payments made to suppliers of CHF 18.3 billion
- Employee expenses for salary, wages and incentives of CHF 4.3 billion
- Payments to shareholders, lenders and investors of CHF 2.3 billion
- Taxes and government contributions of CHF 1.9 billion
Steffen Kindler, CFO: “Tax transparency is an integral part of our responsible business conduct. We believe in paying taxes where we generate profits, contributing to the economic and social development of the communities in which we operate.”
Markus Unternährer, Head of Tax and Treasury: “Our approach to tax is anchored in empowering local communities and enabling long-term investment in sustainability and innovation. Our annual tax transparency report offers stakeholders comprehensive information on Holcim’s tax contributions.”
Holcim paid 85% of its taxes and government contributions in countries where 89% of its net sales were generated, demonstrating its commitment to paying taxes where value is created.
As part of Holcim’s continued commitment to the highest standards of governance, the report also details the company’s tax strategy, principles of tax governance, risk management, and tax advocacy across all countries in which it operates.
Holcim’s Tax Transparency Report 2024 is available here.
About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 26.4 billion in 2024. Our 65,000 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems.
Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.
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Important disclaimer – Forward-looking statements:
This media release contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution investors against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.
