- FEMSA stands out with high ratings in variables such as pollution and resource management, risk management, anti-corruption, and labor standards.
- Coca-Cola FEMSA stands out above the global average for its actions in favor of caring for the environment and the communities where it has a presence.
- The FTSE4GOOD Emerging Latin America index recognizes companies’ performance in environmental, social and corporate governance commitments.
Mexico City, Mexico. July 20, 2022. – For the seventh consecutive time, Fomento Economico Mexicano, S.A.B. of C.V. (FEMSA) and Coca-Cola FEMSA, S.A.B. de C.V (Coca-Cola FEMSA) were selected to be part of the FTSE4GOOD Emerging Latin American stock index, produced by FTSE Russell, a subsidiary of the London Stock Exchange Group that produces, maintains, licenses and markets stock indices.
This index analyzes and rates the performance of companies that show strong environmental, social and governance (ESG) practices. The FTSE4Good criteria apply to the FTSE Emerging Index, which cover more than 20 emerging countries.
The fundamental axis that guide the Sustainability Strategy of both companies are: Our People, Our Planet and Our Community. Through these axis a route has been traced which seeks to create not only economic value, but also social well-being, alongside interest groups and communities, complying with the principles of the United Nations Global Compact and the Sustainable Development Goals.
“Having received this recognition for seven consecutive years through the FTSE Russell index represents the commitment of FEMSA and all of its business units to contribute to the development of communities and of more sustainable practices. At our company we work with the highest standards in order to create social value and take care of the environment,” said Víctor Treviño, Director of Sustainability and Energy at FEMSA.
In terms of the received ratings, FEMSA stands out with the highest score in aspects such as anti-corruption, pollution, and risk and resource management. The company also got a high evaluation in labor standards, human resources and community and corporate governance.
As part of FEMSA’s goals regarding the benefit of its employees, the company intends for the participation of women in executive positions to increase by 20% by 2030. It also intends to invest 8.7 million hours in training for its workers per year.
For that same year, the company wants 20 million people in the community to be benefited through its social welfare programs. In the environmental aspect, work is being done so that 85% of the electrical energy used in all operations comes from renewable sources, as well as to achieve a neutral water balance and sending zero waste from operations to landfills.
On the other hand, Coca-Cola FEMSA was positioned above the global average in the soft drinks subcategory and in the consumer goods industry for its actions in favor of caring for the environment and the communities where it operates.
“At Coca-Cola FEMSA we place sustainability at the heart of our organization, and we continue to make progress towards our goal of being the most sustainable ecosystem and a benchmark in the industry on ESG issues. Being able to remain a part of the FTSE4GOOD index for the last 7 years strengthens our commitment to continue to positively transform our planet and the communities where we carry out our operations,” said María del Carmen Alanis, Director of Corporate Affairs of Coca-Cola FEMSA.
Among these initiatives and achievements, there are some that stand out in terms of environmental issues in 2021: the supply of its manufacturing plants with 53% of energy from renewable sources, the reduction of 28% of greenhouse gas emissions in its operations and 14% in its value chain.
Additionally, in September 2021 Coca-Cola FEMSA placed its first sustainability-linked bonds in the Mexican market for 9,400 million pesos, reinforcing its commitment to reach a water use of 1.26 liters of water per liter of beverage produced by 2026. It is noteworthy that, during 2021, the company registered a water use ratio of 1.47 liters of water per liter of beverage produced.
In terms of social welfare, during 2021 the bottler implemented initiatives throughout its 10 operations which, aligned with the United Nations Sustainable Development Goals, benefited more than 1 million people, prioritizing activities that focused on the pillars of Planet, Community and People.
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. The FEMSA Digital Division, which includes Spin by OXXO and OXXO Premia, in addition to other loyalty initiatives and digital financial services. In the beverage industry it operates Coca-Cola FEMSA, public bottler of Coca-Cola products; and 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. FEMSA also participates in the logistics and distribution industry through FEMSA Strategic Businesses, which additionally provides point-of-sale refrigeration solutions and plastics solutions to its companies and external clients. 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 131 brands to more than 266 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 260 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 S&P/BMV Total Mexico ESG Index, among others. Its operations encompass franchise territories in Mexico, Brazil, Guatemala, Colombia, 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