Slavery and Human Trafficking Statement Pursuant to the Modern Slavery Act 2015

*Updated August 2024

Slavery and human trafficking are abhorrent crimes and as a global company, we, at Cemex UK Operations Limited and its affiliates, must always strive to respect internationally recognized human rights. At Cemex, S.A.B. de C.V. (“Cemex”) and Cemex’s affiliates (together with Cemex, including its affiliates in the UK, the “Cemex Group”), human rights are embedded in the Cemex Group’s Code of Ethics and Business Conduct and in other related global policies. Based on part of the Cemex Group’s global strategy, we seek to identify and mitigate slavery and human trafficking-related risks related to our business, as well as to conduct our business ethically and responsibly. The following shows our commitment which is designed to prevent modern slavery from taking place in our business activities, operations, and supply chains.

Our business and organisational structure

Cemex is a multinational corporation engaged primarily in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, clinker, and other construction materials and urbanization solutions throughout the world. The Cemex Group also provides related services and reliable construction-related services to customers and communities and maintains business relationships in more than 50 countries around the world.

In particular, Cemex UK Operations Limited is a wholly owned indirect subsidiary of Cemex España, S.A., which in turn is indirectly 99.86% owned by Cemex, which has its head office in Monterrey, Mexico and is publicly listed in the New York Stock Exchange and the Bolsa Mexicana de Valores. Cemex UK Operations Limited is the Cemex Group’s main operating company within the U.K.

Further information about the Cemex Group’s global operations, including Cemex’s annual Integrated Report which contains an overview of Cemex’s efforts on social and governance matters, can be found at www.cemex.com.

Our policies on slavery and human trafficking

As part of the Cemex Group’s initiative to identify and mitigate slavery and human trafficking-related risks related to our business activities, operations, and supply chains:

The Cemex Group has a Code of Ethics and Business Conduct (“Our Code”), in which we set out the Cemex Group’s commitment to respect internationally proclaimed human rights principles, to follow all applicable wage and hour laws, to not use or condone the use of child or forced labour. Our Code applies to all of the Cemex Group’s business units and geographies where the Cemex Group is present, and its guidelines apply to Cemex’s Board of Directors members, Cemex personnel, third parties, and other stakeholders. For more information, please refer to Our Code.

The Cemex Group currently maintains a Code of Conduct When Doing Business With Us, which we expect all third parties, including suppliers, to adhere to. This code expresses that suppliers shall not use any work that is performed under threat of penalty, including forced overtime, human trafficking, debt bondage, forced prison labour, slavery, or servitude and, that suppliers shall not withhold migrant workers’ identification documents. Moreover, that suppliers shall not employ children at an age where education is still compulsory, and that children and young people under the age of 18 or below the legal minimum age, if higher, shall never be employed. For more information, please refer to pages our Code of Conduct When Doing Business With Us.

All Cemex Group employees are part of our ETHOS program, a worldwide Cemex initiative which embodies our ethics and compliance culture, including compliance with Our Code. Cemex’s ETHOS program aims to enable employees to integrate ethics and compliance into their daily work. Amongst others, employees, stakeholders, and third parties can raise issues, including those related to Our Code and applicable laws and regulations, via available reporting channels, such as our online portal (“ETHOSline”), email, phone line, or local and global committees. ETHOSline is our institutional reporting mechanism, accessible through our website, mobile devices, or our intranet, that is open and free for anyone to use. This secure, confidential, and independent platform is available 24 hours a day, seven days a week, to both employees and the general public, including third parties, to report any allegations of misconduct anonymously or confidentially. Our ETHOS program has rooted local presence in the U.K., as employees from Cemex’s operations in the U.K. have active roles in our ETHOS’ overall program, which includes having a local ETHOS committee in the U.K. made up of employees from different departments (i.e., legal, human resources, etc.). For more information, please refer to our latest Integrated Report.

The Cemex Group strives to respect the principles and values of the International Bill of Human Rights, and the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work. In 2018, Cemex released its updated Human Rights Policy where we express our commitment to comply with all applicable human rights-related laws and to support internationally recognized human rights standards, wherever we operate. For more information, please refer to our Human Rights Policy. Cemex currently expects to enhance its Human Rights Policy during the remainder of 2025 or during 2025.

Cemex is a signatory of the United Nations Global Compact (“UNGC”) since 2004, a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles in human rights, labour, environment, and anti-corruption matters. Also, as signatories of the UN Global Compact, we seek to align with the UN Guiding Principles on Business and Human Rights, and we annually submit communication on our alignment progress. For more information, please refer to our latest Integrated Report.

The Cemex Group abides by a Conflict Minerals Policy which sets out internal guidelines, criteria, and compliance processes for the identification of conflict minerals in the Cemex Group’s supply chain that are necessary, if any at all are to become necessary, to the functionality or production of products manufactured by the Cemex Group or that are contracted to be manufactured for the Cemex Group. For more information, please refer to our Conflict Minerals Policy.

As disclosed in the Cemex Group's latest Integrated Report, by policy, no person working at the Cemex Group should be forced to perform hazardous tasks against their will or tasks that are detrimental to their health or well-being. The Cemex Group strives for its operations in every country to comply with the local laws, and we also take measures to prevent workers from falling into “debt bondage” through company loans. All Cemex Group employees are free to leave the company anytime and we do not offer any benefit used as a leverage to force labour. Additionally, as disclosed in Cemex’s latest Integrated Report, by policy, no person working at the Cemex Group should be forced to perform hazardous tasks against their will or tasks that are detrimental to their health or well-being. The Cemex Group strives for its operations in every country to comply with the local laws and we take measures to prevent workers from falling into debt bondage through company loans. All Cemex Group employees are free to leave the company anytime and we do not offer any benefit used as a leverage to force labour. For more information, please refer to Cemex’s latest Integrated Report.

Due diligence processes for slavery and human trafficking

Cemex continues to work to enhance its Human Rights Due Diligence process in alignment with international guidelines and standards in all company areas to allow us to embed, identify, assess, respond, remediate, monitor, and communicate human rights risks and impacts resulting from our operations, activities, and relationships.

The Cemex Group currently maintains a Global Policy for Third Parties to procure that third parties in our supply chain are reputable and comply with Cemex’s values and standards, including those related to the respect of internationally recognized human rights. We have in place a due diligence framework for reviewing third parties we engage with. Our third-party due diligence process includes, among other things, screening for non-compliance with human rights laws or international standards, and related concerns. If we identify any relevant information during our screening, such information is reviewed by specific areas with the Cemex Group to identify and, if applicable, mitigate any risks for the Cemex Group in doing business with such a Third Party. If it is determined that the risks cannot be mitigated, the Cemex Group may not proceed to engage with the third party. For more information, please refer to the Cemex Group’s Global Policy for Third Parties.

In 2022, Cemex launched the Global Human Rights Taskforce integrated by a multidisciplinary team of Cemex Group employees to further assess the company’s compliance on human rights related matters. During the year, the taskforce performed a benchmark on the Cemex Group’s current practices against industry best practices on human rights and completed a gap analysis against certain EU regulations, some with the collaboration of third-party advisors. As an outcome, a roadmap was designed to further enhance Cemex’s human due diligence process on human rights. In 2023, Cemex updated its Human Rights Self-Assessment (“HRSA”) (previously named Human Rights Compliance Assessment) to include a wider scope of evaluated human rights-related aspects compared to the assessments made in previous years. As a result, our updated HRSA allows us to identify and map human rights risks across our targeted operations and countries where we operate, including the U.K., through a comprehensive questionnaire that inquires about human rights practices. In addition to our HRSA, we have designed Human Rights Risk Assessments (“HRRAs”) that consist of additional and subsequent evaluations for locations as a result of a “high risk” classification as per human rights risk indexes and HRSA results. The ultimate objective of our HRRAs is to design adequate measures to mitigate and address any potential human rights risk. For more information, please refer to Cemex’s latest Integrated Report.

The Cemex Group’s Human Resources Departments have measures in place to monitor the terms upon which employees are engaged and remunerated.

Training and support

To procure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and business, we provide relevant training and support to procure compliance in these matters.

During 2023, Cemex’s Board of Directors were briefed on our human rights commitment, human rights due diligence process, policies and steps, and additional human rights learning resources, through the Cemex Essentials course. This voluntary training course generated awareness among our Board Members on how Cemex operationalizes the UN Guiding Principles and implements its human rights due diligence. For more information, please refer to Cemex’s latest Integrated Report.

During 2023, at the Cemex Group, 3,885 employees received training on conflict minerals, 787 on other topics, including human rights matters, and 5,727 on Our Code. Additionally, 120 external third-parties, including but not limited to contractors and suppliers, received training on conflict minerals, 16 on other topics, including human rights matters, and 552 on Our Code, dedicating approximately 6,311 total hours for this purpose. For more information, please refer to Cemex’s latest Integrated Report.

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31 December 2023 and is given by Cemex UK Operations Limited on behalf of itself and its associated UK group companies.

VISHAL PURI

DIRECTOR
CEMEX UK OPERATIONS LIMITED

19 June 2024