building a better future - Cemex
building a better future - Cemex
building a better future - Cemex
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Board of<br />
Directors<br />
Audit<br />
Committee<br />
managing our<br />
business for the<br />
long term<br />
Regional<br />
Presidents (6) 1<br />
EVP Organization<br />
and HR<br />
Chairman & CEO<br />
EVP Strategic<br />
Planning and Business<br />
Development<br />
Corporate Practices<br />
Committee<br />
Finance<br />
Committee<br />
EVP Finance and<br />
Administration<br />
Sustainability<br />
Committee 4<br />
At CEMEX, we think of “sustainability” in the most fundamental<br />
sense of the term: as the ability to address current business<br />
needs while managing for sustained, positive performance in<br />
<strong>future</strong> business climates.<br />
Regional<br />
Sustainability<br />
Coordinators 3<br />
Country<br />
Sustainability<br />
teams<br />
Defines sustainability guidelines and priorities<br />
Proposes and defines global sustainablity<br />
initiatives through Sustainability Committee<br />
Executes global sustainability initiatives<br />
Corporate Energy<br />
and Sustainability 2<br />
Corporate<br />
Sustainability<br />
team<br />
1 Regions include Northern Europe, South America and Caribbean, Mediterranean,<br />
Asia, Mexico, USA<br />
2 Reports to the President of CEMEX Northern Europe<br />
3 Reports to corresponding Regional President<br />
4 Consists of 12 members: 9 members of Management Team, Senior VP Corporate<br />
Energy and Sustainability, Senior VP Technology and Safety, and one regional<br />
sustainability coordinator (alternates)<br />
advancing our priorities through<br />
strong governance<br />
Led by our Chairman of the Board and CEO, Lorenzo H.<br />
Zambrano, the CEMEX Board of Directors is responsible for supervising<br />
the overall direction and operation of the company.<br />
As of December 31, 2011 the board comprised 13 directors,<br />
nine of whom qualified as independent directors according to<br />
criteria specified under Mexican Securities Law. On February<br />
23, 2012 CEMEX’s General Shareholder’s Meeting appointed<br />
11 directors to the board, 8 of whom qualify as independent<br />
directors according to criteria specified under Mexican<br />
Securities Law. The board is responsible for determining and<br />
overseeing our efforts to advance our seven sustainability<br />
priorities—performance on which is critical to our ability to<br />
execute our business strategy.<br />
For more on our governance structure, processes, and systems,<br />
please visit the governance section of our website at<br />
www.cemex.com/InvestorCenter/CorporateGovernance.aspx<br />
Governance structure supporting sustainability<br />
Responsibility for sustainability begins with our Board of<br />
Directors and flows through all areas of our company to our<br />
local operations.<br />
The Sustainability Committee comprises of 12 members: nine<br />
members of our management team, the Senior Vice President<br />
of Energy and Sustainability, the Senior Vice President of Technology<br />
and Safety, and the Corporate Director of Sustainability.<br />
This committee meets quarterly to assess and guide CEMEX<br />
in its sustainability efforts. Through their work, sustainability<br />
priorities are defined and resources allocated to initiatives<br />
that have the highest impact and provide the most significant<br />
improvement opportunities.<br />
Decisions made by the Sustainability Committee and validated<br />
by the CEO, the management team, and the Board of Directors<br />
are swiftly executed by the Senior VP Energy and Sustainability<br />
in coordination with the different regional/country presidents<br />
and leaders of other relevant corporate functions.<br />
managing our risks appropriately<br />
A multitude of risks can affect CEMEX’s operations, assets,<br />
employees, and neighbors. Accordingly, we use risk management<br />
systems and tools to gather information from a range of<br />
sources, analyze the data, identify and assess potential risks,<br />
and then respond to them. Since 2007, these processes have<br />
included an evaluation of environmental, health, and safety<br />
risks.<br />
We have several processes that test the robustness of our<br />
systems, evaluate compliance across all business units, and<br />
encourage continuous improvements. These processes include<br />
compliance training for employees, periodic reviews of our<br />
policies and procedures, and regular internal audits.<br />
The company’s sustainability-related risks are addressed by<br />
our Enterprise Risk Management System, which is ultimately<br />
supervised by our Board of Directors and the management<br />
team. The day-to-day responsibility for risk management at<br />
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