PROJECTS: Lafarge Egypt targets 20 percent reduction in emission reductions

PROJECTS: Lafarge Egypt targets 20 percent reduction in emission reductions

Lafarge Egypt , a member of Switzerland-based Holcim Group, has set a target of 20 percent reduction in carbon emissions by 2030 aligned with parent company’s commitment to Science Based Targets initiative (SBTi) Business Ambition for 1.5°C. Lafarge Egypt CEO Solomon Baumgartner-Aviles said the company will contribute to achieving Holcim’s SBTi goals by lowering CO2 emissions by more than 20 percent compared to baseline for 2018. “At Lafarge Egypt, we believe in our responsibility to preserve the environment, adopting the main pillars of Egypt Vision 2030 of sustainable development and circular economy,” he said at an event on ‘Cement Industry and Sustainable Development’ organised in cooperation with Dcode Economic & Financial Consulting (EFC). Lafarge Egypt operates one of the largest cement plants in the MENA region in Ain Sokhna with an annual capacity of 9.5 metric tonnes. The company’s annual ready-mix concrete production capacity stands at 2 million cubic metres while its bag manufacturing capacity is 200 million bags. In September, Holcim had announced that SBTi has approved Holcim’s commitment to reduce scope 1 and scope 2 GHG emissions 21 percent per tonne of cementitious materials by 2030 from 2018 base year. With this target, Holcim also commits to reduce