Business
Holcim : Tax Transparency Report 2025
Holcim : Tax Transparency Report
About this update from Holcim Ltd
2025 TAX TRANSPARENCY REPORT OUR STRATEGY TOTAL ECONOMIC CONTRIBUTION OUR APPROACH TO TAX BASIS OF THIS REPORT CONTENTS 4 OUR STRATEGY Rooted in Switzerland, leading globally: Driving the future of sustainable construction 15 TOTAL ECONOMIC CONTRIBUTION An overview of our 2025 global tax footprint and our total economic commitment to society 28 OUR APPROACH TO TAX An overview of Holcim's global tax strategy and our commitment to paying our fair share where we operate 36 BASIS OF THIS REPORT CityLife in Milan, Italy Built with Holcim inside Holcim 2025 Tax Transparency Report | 2 OUR STRATEGY TOTAL ECONOMIC CONTRIBUTION OUR APPROACH TO TAX BASIS OF THIS REPORT DELIVERING RESPONSIBLE GROWTH AND TRANSPARENCY 2025 was a transformative year for Holcim. We launched our NextGen Growth 2030 strategy, and are implementing our vision to be the leading partner for sustainable construction. Our NextGen Growth 2030 strategy aims to unlock significant growth and value creation for people, customers and shareholders, and indeed is already doing so as Holcim generated strong profitable growth for the full-year 2025. Our strategy anticipates and addresses the powerful megatrends shaping the future of construction, such as population growth and urbanization, as we create value for people, customers and society. This report demonstrates how Holcim's tax contributions are linked to this process. As a responsible global taxpayer, we contribute to the socio-economic development of communities across the world. We view our tax contributions as essential investments: tax transparency is not just a legal requirement, but is a core pillar of our corporate responsibility. In 2025, we upheld our philosophy of paying taxes where economic value is created. This is the sixth consecutive year that we have issued this report, consistently meeting the highest standards of transparency. We view our tax contributions as part of our value creation strategy, ensuring we reinforce our role as a reliable partner to our stakeholders and a leader in sustainable construction. Steffen Kindler, Chief Financial Officer OUR STRATEGY TOTAL ECONOMIC CONTRIBUTION OUR APPROACH TO TAX BASIS OF THIS REPORT OUR STRATEGY NEST, EMPA in Dübendorf, Switzerland Built with ECOPact inside Holcim 2025 Tax Transparency Report | 4 OUR STRATEGY TOTAL ECONOMIC CONTRIBUTION OUR APPROACH TO TAX BASIS OF THIS REPORT HOLCIM - THE LEADING PARTNER FOR SUSTAINABLE CONSTRUCTION Holcim creates value across the built environment, from infrastructure and industry to buildings. To construct the sustainable cities of the future, Holcim engages with key decision makers throughout the building value chain: public authorities and urban planners, developers and architects, engineers and contractors. Accelerating circular construction, we build cities from cities by recycling construction demolition materials. Operating across Europe, Latin America, and Asia, Middle East & Africa, Holcim offers high-value, end-to-end Building Materials and Building Solutions, from foundation and flooring to walling and roofing - powered by premium brands such as ECOPact, ECOPlanet, and ECOCycle. FOCUSED ON ATTRACTIVE MARKETS 43 EMPOWERED P&L 1 LEADERS 428 ENGAGED EMPLOYEES (FTE) >45,000 1 P&L (profit and loss) leaders are empowered managers responsible for the operational and financial performance of their respective business areas. Change in number of P&L leaders is due to discontinued operations and material divestments. Holcim 2025 Tax Transparency Report | 5