• HOLCIM’S NORTH AMERICAN VALUATION IS BASED ON A CRACKED FOUNDATION.

    With its North American spinoff set for early 2025, Holcim is seeking one of the largest construction industry listings in recent history — but the cement company’s purported $30 billion price tag does not measure up against its track record, and could prove to be a risky investment.

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  • HOLCIM'S CRACKED FOUNDATION

    Major pollution liabilities across Holcim’s U.S. and Canadian facilities hang over the company’s potential $30 billion spinoff with an IPO.

    Read Our Investor Brief

  • HOW HOLCIM CAN MAKE CONCRETE CHANGE

    Holcim must demonstrate commitment through a clear, innovative plan with the transparency shareholders deserve and the urgency the climate demands.

    Read Our Open Letter

INVESTORS SHOULD BE WARY OF HOLCIM’S HIDDEN LIABILITIES:

  • GROWING LIABILITIES

    Holcim's repeated air quality, water, and environmental violations across its 13 U.S. plants add avoidable risk to investors.

  • INCREASING COSTS

    Holcim's aging, outdated U.S. facilities are far behind its competitors on cleaner cement investments — and face massive costs to catch up.

  • MARKET LOSS

    Holcim's insufficient climate commitments risk ceding the burgeoning U.S. market for low-carbon cement to its competitors.

  • LACK OF TRANSPARENCY

    Holcim has failed to measurably show any progress reducing emissions at its U.S. facilities, keeping investors in the dark.

Holcim’s Failing Grade on Climate

D

As Holcim prepares to spin off its North American facilities on the New York Stock Exchange, the company’s poor track record on climate may well make it a risky investment for shareholders. 

The company has failed to show measurable progress on reducing the emissions intensity of its U.S. plants. Further, while competitors scale up technologies to produce low-carbon cement in North America, Holcim’s reliance on outdated practices could become a liability for new investors.

Learn more about Holcim's most polluting assets and why they threaten shareholder gains.