Building on the Investor primer to scenario analysis, and the application of the method on utilities, automotive and the steel sector, this report provides a case study on the cement sector. The report demonstrates the financial impact of two climate scenarios and two strategic choices on three companies (CRH, HeidelbergCement and LafargeHolcim) for six selected countries. Insights are provided in company engagement and financial performance with their regional and technology contributors. Read all reports in this series at http://co-firm.com/en/publikationen/.