Cemex Eyes Sustainability Bonds With Investment Grade in Sight

‘At some point, every kind of financing will be green’: CEO
But some ESG investors dislike sustainability-linked structure

A worker climbs into the driver seat of a Cemex SAB cement truck at a construction site in Mexico City in January, 2017.Photographer: Susana Gonzalez/Bloomberg

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By Andrea Navarro and Caleb Mutua

June 29, 2021 at 1:00 PM UTC

This article is for subscribers only.

With Cemex SAB's decade-long effort to recapture an investment-grade rating now within reach, the largest cement producer in the Americas is studying its first so-called sustainability-linked bond sale in a move that could broaden its investor base.

After aggressively cutting its debt levels in recent years, Cemex said last week that a much coveted return to investment-grade status could come in 2022. That’s prompting plans to lure in a new group of creditors to finance projects that meet certain environmental or social goals, Cemex’s top executives said in an interview in New York.