Mexican cement giant
In 16th place out of the 50 companies from all over the world that made the list, Cemex is the only Latin-American based company included and the only company from the construction materials sector.
Cemex was selected among over 200 nominees thanks to its Patrimonio Hoy programme. The programme 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. Patrimonio Hoy is also working towards improved local public infrastructure. Since its inception, the programme has provided affordable solutions to approximately two million people throughout Latin America.
“We are proud to be included in Fortune’s Change the World list,” said Cemex CEO Fernando A. Gonzalez. “This recognition reinforces our commitment to continue working every day to build a better future.”
To assemble the list, Fortune, a leading US-based business magazine, worked together with FSG, a non-profit social impact consulting firm, and business, academic and non-profit experts around the world. The evaluation considered 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.
