Page 69 - Martin Marietta - 2024 Sustainability Report

ENVIRONMENTAL STEWARDSHIP

Our Roadmap to Achieve our 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
We have made considerable strides in reducing the intensity of climate change, in our annual reports to the SEC. We
our GHG emissions.
believe this enhanced disclosure:
In connection with our continuing commitment to sustainability,
including concerns relating to climate change, we have set the • Helps to facilitate more informed business and
following Targets: investment decision-making, including by comparison
with our peers in our industry
23% Reduction in the • Is consistent with the objectives of the Task Force on
intensity of our Scope 1
e process emissions
CO 2
from our heritage Climate-related Financial Disclosures (TCFD)
cement operations as recommendations and Sustainability Accounting
compared to 2010 levels Standards Board (SASB) guidelines for the construction
by 2030 1
materials sector
10% Reduction in the All of our public reports are available on Martin Marietta’s
website.
intensity of our Scope 1
CO e process emissions
2
from our Magnesia Our long-term reduction targets were selected based on
Specialties business as
compared to 2010 levels a number of factors, including the significant investment
by 2030 1 we have made in our plants in the past two decades; the use
of improved technologies in our plant processes that has
resulted in a reduction in GHG emissions; the current limited
30% offset or reduction of ability in the United States to use alternative fuels to operate
Scope 2 CO e emissions
2
by 2030 versus our 2021
baseline and NET ZERO our plants, both from a regulatory and a customer perspective;
Scope 2 CO e emissions the stringent requirements included in all of our air permits for
2
by 2050 our cement and Magnesia Specialties plants; and the absence
of high-emissions sources, such as wet or older cement plants,
In addition to the Targets described above, it is our that could be shut down or removed. We chose 2010 as our
ambition that: base year because that was the first year that most sources
100% of our Scope 1 and were required to start reporting emissions to the USEPA
Scope 2 CO2e Emissions
resulting in reliable and comparable data.
will be Net Zero by
2050, predicated upon
the conditions set forth As a result of the sale of our Hunter Cement Plant, this
in our Roadmap year we revisited our previously establish 2030 cement
intensity Target. As a result of our evaluation, we have
1 Facilities in most source categories subject to the USEPA’s
Greenhouse Gas Reporting Program (codified at 40 CFR Part 98), increased that Target from a 15% to 23% reduction
including cement production, began reporting emissions in 2010.
Thus, we believe 2010 is a year with reliable and comparable data in the intensity of the Scope 1 CO2e process
across a wide range of facilities in the U.S. Our Scope 1 CO 2 e
emissions intensity associated with our Midlothian Plant in 2010 was emissions from our Midlothian Plant as compared to
0.846. Note that, as a result of the 2024 sale of our Hunter, Texas 2010 levels. We believe that this level of intensity
cement plant, we currently own and operate only one cement plant.
reduction is both achievable and sustainable using current
technology and considering a variety of economic and
operating scenarios.

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