Objectives and History
Our Sustainability Strategy is represented through a tree-shaped framework based on our Ethics and Values, which are the elements that form the foundation of the strategy. It lives and grows through three core axes, in which Our People and Our Planet are directly related to the activities of our operations, while Our Community includes the actions that we carry out alongside institutions as part of our social environment. Each axis simulates the branches of the tree, and the leaves represent the action areas through which we focus our efforts.
Vision and Objectives
Throughout our history, we have contributed to the economic and social development of the regions where we have a presence, and we have founded and developed companies and institutions that, in a tangible and real way, fulfill one of FEMSA’s fundamental values: to create social value.
Our companies contribute to raising the quality of life of the 300,000 families that embody them, they optimize the use of the natural resources they consume, and make a positive transformation in the communities through programs and initiatives that benefit millions of people.
Our vision includes understanding the challenges of the industries we are a part of, as well as developing strategies that ensure the sustainability of FEMSA and its Business Units.
By establishing a sustainability policy and strategy, we carry out business practices that create the conditions to operate and grow in harmony with the social environment. We also identify the issues on which we can influence, and ensure the mitigation of the impact of the products and services we offer.
Today, sustainability continues to be a transversal element that is reflected in our business strategy:
Sustainability in FEMSA: A Timeline
FEMSA founded the Fábrica de Hielo y Cerveza Cuauhtémoc
We founded the Cuauhtémoc Polytechnic School
We constituted the Cooperative Society of Savings and Investments for Employees and Operators of Cervecería Cuauhtémoc, S.A., which today is named SCYF.
Alongside other entrepreneurs, Mr. Eugenio Garza Sada founded the Monterrey Institute of Technology and Higher Education (ITESM).
We inaugurated the SCYF sports park.
We inaugurated the Cuauhtémoc and Famosa Clinic.
We inaugurated the Cuauhtémoc District, in Monterrey.
We created the OXXO Ecology Award.
We launched our Code of Ethics.
We published our first Sustainability Report.
We instituted FEMSA Foundation.
We became a part of the Mexican Stock Exchange Green Index.
We launched our Suppliers Code
We became a part of Dow Jones Sustainability Index.
We began to use wind-based renewable energy in our operations.
Through our Corporate Governance’s leadership, we are paving the way for the future we want. As part of our business mission, we incorporate sustainability from the Board of Directors.
FEMSA’s Board of Directors is responsible for determining the company’s corporate and sustainability strategies, and for defining and supervising the implementation of its corporate mission, vision and values. The actions carried out by the Board regarding sustainability, will be mainly focused on the creation of social value, including protection of the environment, sustainable development and the identification of risks of the company's projects and operations.
The Board must also ensure having and update and effective system to enforce compliance with FEMSA’s Code of Ethics, evaluate it, report when one of the Board members has any conflict of interest, and review the correct execution of the Sustainability Policy. Another of its responsibilities is to monitor the national government provisions and policies regarding sustainability, as well as the international guidelines assumed by the company.
The Board and the Support Committees meet at least four times a year to follow up on the strategic and sustainability issues of the business, and to oversee the achievement of the strategic goals that are set annually.
The Board and the Support Committees meet at least four times a year to follow up on the strategic and sustainability issues of the business, and to oversee the achievement of the strategic goals that are set annually.View more
The executive team is responsible for the growth of the business by creating economic and social value for the stakeholders; they have extensive professional experience in the industries related to our business. By setting corporate goals and monitoring compliance with the strategic goals that were set, the executive team is a fundamental part in the planning and implementation of the sustainability strategy.View more
FEMSA’S Sustainability Team, led by the Director of Strategic Businesses, who reports directly to the company’s CEO, oversees the incorporation of sustainability into FEMSA's Business Units through policies and processes, and also supervises the performance and goals of sustainability. This team is responsible for planning, developing, executing, monitoring and reporting the sustainability policy; it also prepares the meetings between the Board and the Executive Team, where they report and discuss matters related to sustainability.View more
This functional network is responsible for connecting with internal and external stakeholders. Internally, it helps identify and prioritize the operations’ different issues, as well as risks and opportunities, and it collaborates with corporate areas to pervade the sustainability agenda in its programs and activities. Externally, it is responsible for creating relationships with the communities and for meeting their expectations regarding sustainability, as well as for promoting support programs and donations.View more