- The strategy is made up of three strategic axes, which in turn are made up of 9 priority themes; all of this is based on Our Ethics and Values, and Our Governance.
- The goal of the Strategy is to positively transform communities.
Monterrey, Nuevo Leon, Mexico. September 8, 2021.- FEMSA has stated that integrating Sustainability into its business models is essential to the achievement of its goals of being a good neighbor, a responsible company and a corporate citizen that collaborates in facing global challenges. With this vision in mind, it updated its Sustainability Strategy in response to the current context, meeting the expectations of stakeholders and the priorities of its Business Units.
The new Sustainability Strategy has three strategic axes: Our People, Our Planet and Our Community. These three axes are made up of 9 priority themes: Human and Labor Rights, Inclusion and Diversity, Comprehensive Wellbeing, Climate Action, Water Management, Circular Economy, Community Wellbeing, Economic Development and Sustainable Sourcing.
“By updating our Sustainability Strategy we are responding to the current and future challenges of the industries in which we participate, fulfilling our mission of generating social value. Our goal is and will remain the same: to be a responsible company that collaborates and participates in facing global challenges, while continuing to provide an extraordinary service to our clients and consumers”, said Víctor Treviño, Director of Energy and Sustainability at FEMSA .
The new Sustainability Strategy has public corporate goals in each of the strategic axes, among which the following stand out:
|
Priority Issue |
Corporate Goal |
|
Climate Action |
85% use of renewable energy in all our operations by 2030 |
|
Water Management |
Achieve neutral water balance in all our operations by 2030 |
|
Circular Economy |
Achieve Zero waste from landfill operations by 2030 |
|
Human and Labor Rights |
Achieve a work climate survey rating within the top 10 against high performing companies benchmark. |
|
Comprehensive Wellbeing |
8.7 million hours of annual training for employees |
Through the company’s Annual Report we will be communicating the progress of the strategy and the performance of the goals.
Sustainability at FEMSA
Throughout its history, FEMSA has been able to face environmental and social challenges present in the countries where it operates. Today, with the progress of this strategy, it has seized the opportunities presented by the transition to a green and low-carbon economy.
An example of this is that, during the second quarter, it issued a Sustainability Linked Bond for € 700 million in senior notes maturing in 2028 and more than € 500 million in senior notes maturing in 2033, being the first of its kind in Mexico and the highest bond for a Latin American company. On the other hand, during 2020 Coca-Cola FEMSA issued the first Green Bond for 705 million dollars. These bonds will be used to develop projects in Circular Economy, Climate Change, among others.
To FEMSA, sustainability is the ability to create the social, environmental and economic conditions to operate in the present and to continue growing in harmony with the environment and society. With this update of our Sustainability Strategy, we are now leading the way to transformation.
As a result of the work done over the years in terms of sustainability, FEMSA is currently part of Dow Jones Sustainability MILA Pacific Alliance Index, the FTSE4Good Emerging Index and the S&P/BMV Total Mexico ESG Index, among other indices that evaluate and recognize its performance in sustainability.
To learn more about how our company is committed to the Planet, the Community and the People, visit the Sustainability section on our website: www.femsa.com
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.