CEMEX, an ACPA member, was recently included on Fortune Magazine’s Change the World list, a ranking of 51 companies worldwide “that have made a sizable impact on major global social or environmental problems as part of their competitive strategy,” the business magazine reports.
Appearing in 16th place on the list, CEMEX is the only Latin-American based company included and the only company from the construction materials sector, according to a CEMEX announcement.
The company reported it was selected from among over 200 nominees, thanks to its Patrimonio Hoy program. The program provides low-income families living in urban and semi-urban areas with access to building materials, as well as microfinancing, technical advice, and logistical support to assist participants in building their own homes.
The program also aims to improve local public infrastructure. Since its inception, the program has provided affordable solutions to approximately 2 million people throughout Latin America. “We are proud to be included in Fortune’s Change the World list,” said Fernando A. Gonzalez, CEMEX Chief Executive Officer.
“This recognition reinforces our commitment to continue working everyday to build a better future.” The goal of this acknowledgement, according to Fortune editor Allan Murray, is “to shine a spotlight on companies that have made significant progress in addressing major social problems as part of their core business strategy.”
The companies had to meet four criteria: the degree of business innovation involved; the measurable impact at scale on an important social challenge; the contribution of the shared-value activities to the company’s profitability and competitive advantage; and the significance of the shared value effort to the overall business.
A team of journalists from Fortune then further vetted each of the nominees and reported on their impact. Click here to view the magazine’s profile on Cemex.
Only one other transportation-construction concern, Arup engineering and consulting, was named to the list.