Cemex Green (IFC-37840)

  • Mexico
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 6, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 170.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 7, 2017

Disclosed by Bank May 6, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
From the IFC: IFC is considering a loan to support CEMEX, S.A.B. de C.V.'s (CEMEX) sustainable investment program in emerging markets. CEMEX is a global building materials company that operates in more than 50 countries throughout the Americas, Europe, Africa, the Middle East, and Asia. As of December 31, 2015, CEMEX had 43,117 employees, 56 cement plants and an additional 12 cement plants in which CEMEX has a minority participation, 1,608 ready-mix-concrete facilities, 305 aggregate quarries, 242 distribution centers and 61 marine terminals, as well as 2 research and development centers. IFC financing will support projects to enhance improvements in environmental performance at CEMEX, with more than two thirds of the funds allocated to projects aimed at the company's greenhouse gas ("GHG") emissions reduction. The remaining one third of the funds will cover overall air emission control improvements. IDENTIFIED APPLICABLE PERFORMANCE STANDARDS While all Performance Standards are applicable to this investment, IFC's environmental and social due diligence indicates that the investment will have impacts which must be managed in a manner consistent with the following Performance Standards. PS 1 - Assessment and Management of Environmental and Social Risks and Impacts; PS 2 - Labor and working conditions; PS 3 - Resource Efficiency and Pollution Prevention; PS 4 - Community Health, Safety and Security; PS 5 - Land Acquisition and Involuntary Resettlement; PS 6 - Biodiversity Conservation and Sustainable Management of Living Natural Resources; PS 7 - Indigenous Peoples; PS 8 - Cultural Heritage. This investment is a Category B Project according to IFC's Environmental and Social ("E&S") Sustainability Policy due to the fact that with known practices and procedures, the inherent risks of this project can be mitigated. The key mitigation and management procedures include an appropriate corporate environmental and social management system in accordance to the IFC Performance Standards and good international practices; resource optimization; climate change impacts reduction; development of procedures to manage potential impacts on air and biodiversity; sound fuels/hazardous materials storage and handling; emergency response planning and preparedness; labor and working conditions, including health and safety aspects; and development of stakeholder engagement and consultation plans for potentially affected communities.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
This project consists of an A loan of up to US$120 million with an additional blended finance tranche of up to US$50 million.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Contact Person: Maria Cristina Aparicio Maeztu Company Name: CEMEX Address: Hernández de Tejada, 1 28027. Madrid, Spain Email: mailto:cristina.aparicio@cemex.com Phone: +34913779480 Facsimile: +34913779529 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works