Symposium on Low-carbon Transformation and Regional Cooperation of Cement Industry Held in Beijing

On June 20, China Building Materials Federation and HSBC jointly hosted the "Symposium on Low Carbon Transformation and Regional Cooperation in Cement Industry" in Beijing, aiming at discussing the technical path, financial policy support and regional cooperation mechanism of low carbon transformation in cement industry, with a view to promoting the low carbon transformation and sustainable development of global cement industry. In his speech, Liu Jianhua, Vice President of

China Building Materials Federation, pointed out that carbon emission reduction in the cement industry is crucial to global carbon reduction action. In order to promote the low-carbon transformation of the cement industry, it is necessary to strengthen the research and development and application of raw material substitution, fuel substitution and CCUS technology; Give full play to the role of financial transformation policies and tools to provide reasonable and necessary financial support for projects with significant carbon emission reduction benefits; carry out low-carbon transformation path research in the cement industry to provide theoretical and practical guidance for enterprises to formulate scientific and reasonable net zero targets; Strengthen regional cooperation, promote excellent enterprises to drive low-carbon technology and equipment "going out" in the process of overseas layout construction, and contribute Chinese technology, Chinese products and Chinese programs to the green and low-carbon development of the global cement industry. Julian Wentzel, Chief Sustainability Officer of

HSBC Group, said in his speech that it was a great honor to formally establish a public welfare partnership with China Building Materials Federation through HSBC's "Carbon Neutral Transformation Accelerator" program. HSBC supports worldwide research and knowledge sharing on cement decarbonization pathways; provides loans related to green finance or sustainable development according to customers' performance in low-carbon technology, recycling, green energy and other fields; accelerates the introduction of key decarbonization technologies such as carbon capture, utilization and storage, and carbon removal, and accelerates the promotion of solutions, relying on its innovative financial business; We will actively promote cooperation between upstream and downstream industrial chains, develop financing mechanisms, encourage real estate developers to adopt low-carbon building materials, and support the low-carbon transformation of the cement industry. Zhang Huifeng, Managing Director of Sustainable Development of

HSBC Asia Pacific, made a report entitled "Financial Support for Low Carbon Transformation of Industries-HSBC Net Zero Transformation Plan and China Climate Public Welfare Project", introducing HSBC Group's net zero strategy, vision and strategic approach, net zero target and progress. Shen Yulu, Director of International Cooperation Department of China Building Materials Federation, introduced the "Cement Industry Net Zero Transformation and Regional Cooperation Project" in detail from the aspects of necessity, background, purpose, main content and influence. The launching ceremony of "Cement Industry Low Carbon Transformation and Regional Cooperation Project" was held at the

conference site, and the leaders of China Building Materials Federation, HSBC and Rocky Mountain Research Institute jointly unveiled the project.

The conference also invited international institutions and enterprises such as Rocky Mountain Research Institute, China National Materials International Engineering Co., Ltd. and Tangshan Jidong Cement Co., Ltd. to make special reports on global development opportunities, green transformation path of cement industry, advanced low-carbon technology and innovative application practice. Global Carbon Capture and Storage Research Institute, China Agenda 21 Management Center, China Building Materials Science Research Institute Co., Ltd., Institute of Technical Information of Building Materials Industry, China Building Materials Equipment Group Co., Ltd., C40 Urban Climate Leadership Alliance, Natural Resources Conservation Association, Bloomberg, etc. They shared the coordinated development of cement industry chain and region, ESG green investment, CCUS technology promotion, clean energy construction and transnational cooperation cases.

The symposium successfully set up a platform for net zero transformation and regional cooperation and exchange in the cement industry, forming a systematic cooperation mechanism of industry-finance-think-tank-enterprises, and jointly contributing to the realization of net zero emissions in the global cement industry.