Page 49 - 2021 Sustainability Report

ENVIRONMENTAL STEWARDSHIP

Our Roadmap to Achieve 2030 and 2050 GHG
Reduction Goals

Martin Marietta continues to issue enhanced climate-
Our Goals related disclosures, including information about the
physical and transition risks and opportunities relating to
Notwithstanding our operational focus on aggregates, we have climate change, in our annual reports to the SEC. We
made considerable strides in reducing the intensity of our GHG believe this enhanced disclosure:
emissions, as described previously.
• Helps to facilitate more informed business and
In connection with our continuing commitment to sustainability,
including concerns relating to climate change, we commit to a investment decision-making, including by comparison
total of: with our peers in our industry
15% Reduction in the intensity of • Is consistent with the objectives of the Task Force on
Climate-related Financial Disclosures (TCFD)
our Scope 1 CO e process
2
emissions from
our heritage cement recommendations and Sustainability Accounting
Standards Board (SASB) guidelines for the construction
operations
as compared to 2010 levels materials sector
by 2030 1
We are currently evaluating the SEC’s proposed rules to
enhance and standardize climate-related disclosures and
10% Reduction in the intensity of will update disclosures as required. All of our public reports
e process
are available on Martin Marietta’s website.
our Scope 1 CO 2
emissions from
our magnesia specialties
business as compared to Our long-term reduction targets were selected based on
2010 levels by 2030 1 a number of factors, including the significant investment
we have made in our plants in the past two decades; the use
of improved technologies in our plant processes that has
30% offset or reduction of Scope resulted in a reduction in GHG emissions; the current limited
e emissions by 2030
2CO 2
ability in the United States to use alternative fuels to operate
versus our 2021 baseline and
NET ZERO Scope 2 CO 2 e our plants, both from a regulatory and a customer perspective;
emissions by 2050
the stringent requirements included in all of our air permits for
our cement and magnesia specialties plants; and the absence
of high-emissions sources, such as wet or older cement plants,
Our Heritage Cement and Magnesia businesses (four
that could be shut down or removed. We chose 2010 as our
plants) are responsible for approximately:
base year because that was the first year that most sources
87% of Martin Marietta’s 2 were required to, and started reporting, emissions to the
overall Scope 1 CO e
USEPA resulting in reliable and comparable data.
emissions
1 Facilities in most source categories subject to the USEPA’s
Greenhouse Gas Reporting Program (codified at 40 CFR Part 98),
including cement production, began reporting emissions in 2010.
Thus, we believe 2010 is a year with reliable and comparable data
across a wide range of facilities in the U.S. Our Scope 1 CO 2 e
emissions intensity associated with our cement operations in 2010
was 0.836. Notably, when we announced our 2030 emissions
reduction targets in 2019, as described above, we took into account
that we have been investing heavily over the past decade to reduce
our cement and magnesia emissions, which is reflected in our
favorable CO 2 e intensity performance relative to the U.S. cement
industry average. We also believe this has allowed us to achieve
significant environmental benefits from reduced emissions well
ahead of many other operators in the industry and will position us
not only to achieve our targets but to be in a good position to
evaluate additional actions in the future. Midlothian Cement Tire Processing

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