China Resources Cement

China Resources Cement Holdings Limited is one of the largest cement producers in China, a sector responsible for approximately 8% of global carbon dioxide emissions. The company's climate transition plan, as assessed by the Transition Pathway Initiative (TPI), is rated as "Not Aligned" with the Paris Agreement's goal of limiting warming to 1.5°C. This rating indicates the company lacks a credible, science-based decarbonization strategy commensurate with the material climate impact of its core business.

The company's current climate governance and targets are insufficient for its sectoral emissions footprint. While China Resources Cement may have general environmental or efficiency goals, the TPI assessment finds its commitments do not align with a pathway to net-zero emissions by 2050. For a major cement manufacturer, a credible plan would require specific, quantified targets for reducing process emissions from clinker production and scaling low-carbon technologies, which are not in evidence.

This exclusion is based on climate policy intransigence, not merely high emissions. The company's failure to establish a Paris-aligned transition pathway constitutes a lack of necessary climate governance, placing it behind peers in North America and Europe on net-zero alignment. Without a demonstrable and ambitious decarbonization strategy, the company's operations present an unmanaged transition risk.