They are recognized as part of the companies that have a constant performance in sustainability, among the more than 10,000 companies that are evaluated worldwide.
In the case of Coca-Cola FEMSA, it is the only Latin American company in the beverage industry included in the index for the fifth time.
Monterrey, Nuevo León, México. November 22, 2021.
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX; BMV: FEMSAUBD) (“FEMSA”) y Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL; NYSE: KOF) (“Coca-Cola FEMSA”) were included for the fifth consecutive year in the Dow Jones Sustainability Index in recognition of the commitments and progress in sustainability that both have implemented.
Both are considered a reference for their performance in ESG (Environmental, Social and Governance) indicators, for carrying out actions in environmental matters related to climate, circular economy, water management; in social issues they promote actions related to human rights, labor practices, health, inclusion and diversity and integral well-being; in governance they promote the implementation of best corporate governance practices.
“For FEMSA and Coca-Cola FEMSA, sustainability is the ability to create the social, environmental and economic conditions to operate in the present time and to continue to grow in peace with the environment and our society. Both companies are also signatories of the United Nations Global Compact and members of the Tent Partnership for Refugee” Víctor Treviño, Director of Energy and Sustainability at FEMSA.
In September 2021, FEMSA announced the update of its Sustainability Strategy, known for complying with measures in favor of the planet, the community and the people. Among the strategy, the points that stand out are the commitments and advances of public corporate goals on energy efficiency, emission reduction and waste management.
For this, FEMSA has more than 15 thousand work centers in Mexico supplied with renewable energy, in which more than 77% of the electricity is supplied from clean sources.
100% of Coca-Cola FEMSA’s manufacturing plants have Zero Waste certification. Under the initiative “A World Without Waste”, the company is also committed to ensure that 100% of its packaging is recyclable, increase the use of recycled resin to reach 50% and collect 100% of the packaging it places on the market by 2030.
Also, during the second quarter of 2021, FEMSA 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, the first of its kind in Mexico and the largest bond for a Latin American broadcaster. Coca-Cola FEMSA issued a Sustainability-Linked Bond –the first in the Mexican market– for $ 9.4 billion pesos in the stock market, with which it committed to streamline the water use ratio to 1.36 liters per liter of beverage produced by 2024, and 1.26 liters by 2026, which represents an improvement of 15.5% compared to the end of 2020.
“We are proud to be able to support our sustainability goals through Coca-Cola FEMSA’s presence in these indices and thus continue to strengthen our public commitments that will help us to continue creating social and environmental value in the communities that we have the privilege to serve” John Santa Maria, CEO of Coca-Cola FEMSA.
The Dow Jones Sustainability Index MILA Pacific Alliance Index, which is part of the DJSI Index Family, measures the sustainability performance of public companies that make up the Latin American Integrated Market, made up by the Chilean, Colombian, Mexican and Peruvian Stock Exchanges.
To form this family of indices, S&P Global evaluates the corporate governance, environmental and social practices of more than 10,000 companies around the world. The companies with the best scores are selected. On this occasion, only 24 Mexican companies listed on the Mexican Stock Exchange were chosen.
Coca-Cola FEMSA is the only Latin American company in the beverage industry that has been included in the Dow Jones Sustainability MILA Pacific Alliance Index for the fifth year and in the Dow Jones Sustainability Emerging Markets Index for the ninth year, which has strengthened the company as a world-class benchmark in the beverage industry for its actions and results, and has also led it to be included in the FTSE4Good Emerging Index alongside FEMSA and in the new S & P / BMV Total México ESG Index.