- The FTSE4Good Emerging Latin America Index analyzes and rates the performance of companies in the environmental, social and corporate governance areas.
- FEMSA and Coca-Cola FEMSA’s Sustainability Strategy focuses on three pillars: our people, our community, and our planet.
Mexico City, Mexico. July 14, 2021. – For the sixth consecutive year, Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) and Coca-Cola FEMSA, S.A.B. de C.V. (Coca-Cola FEMSA) were recognized by FTSE Russell, as they were included in the FTSE4GOOD Latin American Emerging Markets index, which analyzes and rates the performance of companies internationally in the environmental, social and corporate governance areas.
FEMSA and Coca-Cola FEMSA once again occupied a place in this index thanks to their business structure, whose goal is not only to maximize the economic value of its shareholders, but also to contribute to society in a positive way through environmental and community actions.
To this end, FEMSA and Coca-Cola FEMSA comply with a Sustainability Strategy based on the principles of the United Nations Global Compact and its Sustainable Development Goals. The strategy focuses on three axes: our people, our community and our planet, through which it seeks to generate economic value and social well-being in collaboration with its stakeholders.
In line with this strategy, on April 28 FEMSA issued € 700 million in senior notes maturing in 2028 and € 500 million in senior notes maturing in 2033. This placement represented the issuance of a bond linked to the highest sustainability amount for a Latin American station.
In the most recent edition of the FTSE4GOOD index, FEMSA ranked in one of the top 10 places based on its value on the stock market and its rating in the management of environmental, social and corporate governance risks.
“We are extremely proud to remain on the index. With this recognition, FEMSA reaffirms its commitment to contribute to the social welfare of the communities and to carry out the best corporate governance practices, always with the commitment to respect and care for the environment and to create social value”, said Víctor Treviño, FEMSA’s Sustainability and Energy Director.
Coca-Cola FEMSA is the first Mexican company to have its 2030 carbon footprint reduction goals approved by the Science Based Targets (SBTi) initiative, and supplies 80% of the energy needs of its bottling plants with clean energy sources. In circular economy, it uses an average of 29% food grade recycled resin in its PET containers and recovered more than 50% of PET bottles in the main markets where it operates in Latin America.
In September 2020, it issued its first green bond for $ 705 million dollars, the largest green bond of a Latin American corporation and the first of its kind for the Coca-Cola System, and managed to position itself as a world benchmark in the beverage industry with its sustainability actions and results in the S&P 2021 Sustainability Yearbook.
Created in 2001, the FTSE4GOOD index is also a market-leading tool for investors looking for companies that show good sustainability practices. Currently, the measurement is carried out twice a year and evaluates the actions of companies regarding climate change, water use, labor standards, social responsibility, anti-corruption policies and fiscal transparency.
With this recognition, FEMSA and Coca-Cola FEMSA reaffirm their commitment to the generation of economic, social and environmental value, through the development of projects aligned with their sustainability strategy.
About FEMSA
FEMSA is a leading company that creates economic and social value through companies and institutions and seeks to be the best employer and neighbor of the communities where it has a presence. It participates in retail trade through FEMSA Comercio, which includes the Proximity Division and of which OXXO, a chain of small format stores, is a part of. It also has a Health Division that includes pharmacies and related activities as well as a Fuel Division that operates the service stations chain, OXXO Gas. In the beverage industry it operates Coca-Cola FEMSA, public bottler of Coca-Cola products; in the beer sector, as the second largest shareholder of HEINEKEN, one of the world’s leading beer companies with a presence in more than 70 countries. Additionally, through FEMSA’s Strategic Businesses Business Unit, it offers logistics services, point-of-sale refrigeration solutions and plastics solutions to FEMSA companies and external clients. FEMSA also participates in the cleaning products and consumables distribution industry in the United States. Through its Business Units, it employs approximately 320 thousand employees in 13 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance Index, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainable IPC, among other indexes that evaluate its performance in sustainability.
About Coca-Cola FEMSA
Coca-Cola FEMSA, S.A.B. de C.V. is the largest franchise bottler in the world by sales volume. The company produces and distributes trademark beverages of The Coca-Cola Company, offering a wide portfolio of 129 brands to more than 265 million consumers daily. With over 80 thousand employees, the company markets and sells approximately 3.3 billion unit cases through 2 million points of sale a year. Operating 49 manufacturing plants and 268 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all of its stakeholders across the value chain. The company is a member of the Dow Jones Sustainability Emerging Markets Index, Dow Jones Sustainability MILA Pacific Alliance Index, FTSE4Good Emerging Index, and the Mexican Stock Exchange’s IPC and Social Responsibility and Sustainability Indices, among others. Its operations encompass franchise territories in Mexico, Brazil, Guatemala, Colombia and Argentina and, nationwide, in Costa Rica, Nicaragua, Panama, Uruguay and Venezuela through its investment in KOF Venezuela. For more information, please visit www.coca-colafemsa.com.