Latest Carbon Performance data for cement companies now available
03 June 2026
Covering 45 cement companies
The latest Carbon Performance data for the world’s largest cement companies are now available. This update covers 45 cement companies1. As of May 2026, these companies represent a combined market capitalisation of over $138 billion2.
According to the International Energy Agency’s (IEA) World Energy Outlook 2025, cement production accounted for 6% of total global emissions in 20243. The IEA’s Energy Technology Perspectives 2026, identifies electrification technologies, CO₂ capture and clinker substitution as the primary pathways for decarbonising the sector. For a deeper dive into the emerging trends from the cement sector, please see Section 3.3 and 4 of our State of the Corporate Transition 2025 report.
The TPI Global Climate Transition Centre (TPI Centre) cement methodology assesses historical and projected greenhouse gas emissions, comparing companies against sector-specific benchmarks to evaluate their alignment with the goals of the Paris Agreement.
The TPI Centre is the academic partner of the Transition Pathway Initiative (TPI), a global investor-led initiative supported by over 155 asset owners and asset managers. Based at the London School of Economics and Political Science, it is an independent and authoritative source of research and data on the progress being made by corporate and sovereign entities in the transition to a low-carbon economy.
1 These assessments cover TPI companies outside the Climate Action 100+ (CA100+) universe, allowing earlier publication of results. This ensures investors have up-to-date data well ahead of the typical Q3 publication of CA100+ company assessments.
2 Market capitalisation coverage is calculated for the companies for which this sector represents their primary activity. The calculation can change due to fluctuating corporate valuations, the size of the company universe assessed, or due to company sectoral reclassifications. Companies with a Not Assessed alignment were excluded from the total cement market capitalisation.
3 The share of cement in global CO₂ emissions was derived from CO₂-emissions data reported in the World Energy Outlook 2025 (p.430).