Mexico City, Mexico – September 5, 2024 – Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL; NYSE: KOF) (“Coca-Cola FEMSA” or the “Company”), the largest bottler of the CocaCola System in Latin America by sales volume, announces that the Company has achieved the sustainability performance target contemplated in its sustainability-linked bonds, by achieving a water use efficiency ratio of 1.36 liters per liter of beverage produced, and that such compliance has been confirmed by an external and independent verifier.
As a result, Coca-Cola FEMSA confirms that the calculation of the interest rate applicable to the sustainability-linked bonds as of the interest period beginning on September 19, 2024, shall not suffer any modifications.
“At Coca-Cola FEMSA we strive to ensure that every liter of water used in our production processes be used to its fullest. The fulfillment of this goal emphasizes our commitment to protecting water, an essential resource for both our business and the communities in which we operate”, noted Ian Craig, CEO of Coca-Cola FEMSA.
The Company is committed in accelerating the necessary actions to ensure sustainable water security in its operations, watersheds and communities. Its water efficiency strategy emphasizes the goal of reducing the Water Use Ratio (WUR) – that is, the amount of water used per liter of beverage produced. To reach the goal of a Water Use Ratio of 1.36 to 1, the Company has invested US $17.42 million dollars in 2022 and 2023, in programs that are based on a water efficiency management model. This includes initiatives implemented in all its operations, incorporating technological innovation that allows a continuous and effective process improvement.
The Company´s Water Use Ratio for September 2024 represents a 21% improvement from its 2016 baseline, positioning Coca-Cola FEMSA as a leader in water efficiency in the beverage industry.
For more information, see the Company´s sustainability performance in its 2023 Integrated Report: https://coca-colafemsa.com/wp-content/uploads/2024/03/KOF-AR-2023-SPA.pdf
About Coca-Cola FEMSA
Mexican Stock Exchange, Trading Symbol: KOFUBL
NYSE (ADS), Trading Symbol: KOF | Ratio of KOFUBL to KOF = 10:1
Coca-Cola FEMSA, S.A.B. de C.V. is the largest bottler in the world by sales volume. The Company produces and distributes trademark beverages of The Coca Cola Company, offering a wide portfolio of 134 brands to more than 270 million consumers every day. The Company markets and sells approximately 4 billion unit cases through more that 2.1 million points of sell annually. Operating 56 manufacturing plants and 252 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all its stakeholders across the value chain. The Company is a member of Dow Jones Sustainability MILA Pacific Alliance Index, FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index, among others. Its operations encompass franchise territories in Mexico, Brazil, Guatemala, Colombia, and Argentina, nationwide, and in Costa Rica, Nicaragua, Panama, Uruguay, and in Venezuela through its investment in KOF Venezuela. For further information, please visit www.cocacolafemsa.com
For additional information or further questions, please contact the Investor Relations team:
- Jorge Collazo | jorge.collazo@kof.com.mx
- Lorena Martin | lorena.martinl@kof.com.mx
- Bryan Silva | bryan.silva@kof.com.mx
