Cemex Ventures, Cemex's corporate venture capital (CVC) and open innovation unit, announced today its investment in Vizcab, a French startup whose digital platform enables different developers and architecture, engineering & construction (AEC) stakeholders to assess and work towards reducing CO2 emissions across the construction value chain.
Assessing and working towards reducing embodied carbon in the construction materials industry can contribute to reduce the impact of climate change in the short-term. Vizcab's holistic solution provides a comprehensive view of a building's carbon footprint throughout its entire lifecycle from start to end-of-life - from a building's embodied carbon to its operational carbon emissions. Vizcab's product suite makes this complicated process simple by incorporating 5 digital services that permit manufacturers, designers, real estate developers, and builders to benchmark building materials and practices, set building sustainability strategies, automate life cycle assessments ('LCAs') into the construction plan, measure performance to identify impactful insights, and get a full overview of real estate developers' scope 3 emissions all while staying connected in one integrated platform.
Vizcab's goal is to build more sustainable buildings that are able to comply with stricter environmental standards and regulations. Governments are more frequently requiring from stakeholders across the global construction value chain. Governmental regulation, such as the 'RE 2020' in France, has accelerated the use of Vizcab's platform that can make LCA and optimizations simpler and faster.
'Vizcab's exhaustive solution enables cooperation between different stakeholders to manage carbon strategies throughout a project's lifecycle, a critical challenge in our complex and interconnected industry. This solution also implements the use of building materials with sustainable attributes, such as Cemex's Vertua portfolio of products,' said Gonzalo Galindo, Head of Cemex Ventures. 'As Cemex's open innovation unit, Cemex Ventures is dedicated to investing in solutions that promote construction that considers sustainability and advance the decarbonization goals of our industry, as is reflected by our Green Construction investment pillar.'
This investment strengthens Cemex's commitment to delivering customer-centric products and services. Moreover, this strategic investment bolsters Cemex Ventures' objective to foster the construction industry revolution by promoting the growth of digital solutions that enhance productivity and efficiency.
About Vizcab
Vizcab is a Lyon-based software platform founded in 2015 by Dr. Thomas Jusselme and Guillaume Lafont, with expertise in sustainable design. It serves real estate developers, architects, and construction engineers. Vizcab offers a data-driven solution that calculates LCA of buildings, aiding compliance with local regulations. It also allows real estate developers to gauge their carbon performance, expedite ESG reporting, and work towards net-zero emissions. Vizcab has 120 customers (2000+ users), all over the construction value chain. It integrates with digital construction tools like Buildrz, Saqara, or Revit. Future plans include involving building material manufacturers to promote their products with sustainable attributes.
About Cemex Ventures
Launched in 2017, Cemex Ventures focuses on helping overcome the main challenges and capitalizing on the opportunity areas in the construction ecosystem through solutions that consider sustainability. Cemex Ventures has developed an open collaborative platform to lead the revolution of the construction industry, engaging startups, entrepreneurs, universities, and other stakeholders to tackle the challenges in the construction environment and shape the industry's future. For more information on Cemex Ventures, please visit: www.cemexventures.com
About Cemex
Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com
Cemex Ventures BV is an indirect subsidiary of Cemex, S.A.B. de C.V.. Except as the context otherwise may require, references in this press release to 'Cemex,' 'we,' 'us,' 'our,' refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Cemex intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect Cemex's current expectations and projections about future events based on Cemex's knowledge of present facts and circumstances and assumptions about future events, as well as Cemex's current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex's expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex's most recent annual report and detailed from time to time in Cemex's other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex's expectations, expected results, and/or the investment and projects referred herein not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex's forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Cemex is not responsible for any third-party information referenced in this press release.
There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a 'green', 'social,' or 'sustainable' or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as 'green', 'social,' or 'sustainable' or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as 'green', 'social', or 'sustainable' or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.
Contact:
Jorge Perez
Tel: +52 (81) 8259-6666
Email: jorgeluis.perez@cemex.com
Scott Pollak
Tel: +1 (212) 317-6011
Email: ir@cemex.com
Fabian Orta
Tel: +52 (81) 8888-4327
Email: ir@cemex.com
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