Miljan Gutovic, the new CEO at Holcim, parent of Aggregate Industries, speaking at the World Economic Forum in Davos, claimed:
We are working on decarbonising Holcim, the construction industry, making our cities more sustainable and we are also driving circular construction.
New CEO. Same old story.
New Holcim boss faces long road to decarbonisation https://t.co/o5ZaU0KOTo
— Financial Times (@FT) February 2, 2024
Some industry executives question Holcim’s commitment to decarbonising the “whole construction industry” when its M&A activity has not solved the notoriously “hard-to-abate” carbon footprint problem facing cement.Despite Gutovic’s efforts to refocus Holcim’s business, the negative impacts of the legacy business will be hard to avoid. In an ongoing legal case filed last year against Holcim in the Swiss canton of Zug, where it is headquartered, residents of the Indonesian island of Pulau Pari affected by rising flood waters demanded Holcim pay compensation for the costs of their water damage and flood protection measures.Holcim is responsible for 0.42 per cent of global fossil fuel and cement emissions in the atmosphere since the mid 18th century, according to a study by the Climate Accountability Institute research group.
