Cementos Argos S.A.
Cementos Argos S.A., a leading player in the construction materials industry, is headquartered in Colombia and operates extensively across Latin America and the Caribbean. Founded in 1934, the company has established itself as a key provider of cement, concrete, and aggregates, catering to a diverse range of construction needs. With a commitment to innovation and sustainability, Cementos Argos offers unique products that meet rigorous quality standards while minimising environmental impact. The company has achieved significant milestones, including expanding its operational footprint and enhancing its production capabilities, solidifying its position as a market leader. Recognised for its dedication to excellence, Cementos Argos continues to drive growth and set benchmarks in the industry, making it a trusted partner for construction projects of all sizes.
DitchCarbon Score
How does Cementos Argos S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cementos Argos S.A.'s score of 34 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cementos Argos S.A.'s reported carbon emissions
In 2023, Cementos Argos S.A. reported total greenhouse gas emissions of approximately 8,278,602,000 kg CO2e for Scope 1, 392,631,000 kg CO2e for Scope 2, and 4,211,847,000 kg CO2e for Scope 3. This reflects a commitment to reducing emissions intensity, with specific net CO2 emissions of about 609 kg CO2e per tonne of cementitious material produced. Cementos Argos has set ambitious targets to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 21% per tonne of cementitious product by 2030, using 2021 as the base year. This target includes land-related emissions and removals from bioenergy feedstocks, aligning with the Science Based Targets initiative (SBTi) to ensure that their reduction efforts are consistent with keeping global warming well below 2°C. The company has demonstrated a proactive approach to climate commitments, focusing on both immediate and long-term strategies to mitigate its carbon footprint in the construction materials sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 7,281,478,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 399,728,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 4,153,714,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cementos Argos S.A. is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
