- FEMSA obtained an improvement in its overall evaluation and managed to stand out in climate strategy, waste management and water efficiency
- The S&P Global ESG Score is a relative score that measures a company’s performance and its management of the most relevant sustainability-related risks, opportunities, and impacts.
Mexico City, Mexico – October 14, 2024.- FEMSA in a demonstration of its commitment and leadership in the industry internationally with sustainable, environmental, social and corporate governance (ESG) business practices, improved its score within the Standard & Poor’s (S&P) Global Corporate Sustainability Assessment (CSA) for the fifth consecutive year. This year, in addition to obtaining an improvement in its general evaluation, it managed to stand out in climate strategy, waste management and water efficiency.
The S&P Global ESG Score is a relative score that measures a company’s performance and its management of ESG risks, opportunities, and impacts compared to its peers within the same industry ranking.
The S&P Global ESG Score takes into account the size of the company, its sector and environmental, social and governance performance, being the basis for participation in the Dow Jones Sustainability Indices (DJSI) that will be presented at the end of the year. The assessment is based on a combination of company disclosures, media and stakeholder analysis, modelling approaches and an in-depth analysis of its performance through the Standard & Poor’s (S&P) Global Corporate Sustainability Assessment (CSA).
The S&P Global ESG Score uses a dual-materiality approach whereby a sustainability-related topic is considered material if it has a significant impact on society or the environment and a significant impact on a company’s value drivers, competitive position, and long-term shareholder value creation.
FEMSA obtained high scores in water efficiency, packaging management, climate strategy practices, human capital management, human rights, supply chain management, among other aspects evaluated.
For its part, Coca-Cola FEMSA, which also had an improvement in its evaluation, with a solid performance in environmental management practices, packaging and water care, as well as in health and nutrition, reporting and labor practices.
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About FEMSA
FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. FEMSA also participates in the logistics and distribution industry through its Strategic Business Unit, which additionally provides point-of-sale refrigeration and plastic solutions to its business units and third-party clients. Across its business units, FEMSA has more than 350,000 employees in 18 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index: S&P/BMV Total México ESG, among other indexes that evaluate its sustainability performance.
About Coca-Cola FEMSA
Stock listing information: Mexican Stock Exchange, Ticker: KOFUBL, NYSE (ADS), Ticker: KOF | Ratio of KOFUBL to KOF = 10:1
Coca-Cola FEMSA, S.A.B. de C.V. is the largest Coca-Cola 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 134 brands to a population of more than 270 million. The company markets and sells approximately 3.8 billion unit cases through more than 2 million points of sale a year. Operating 56 manufacturing plants and 249 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 in Venezuela through its investment in KOF Venezuela. For further information, please visit https:www.coca-colafemsa.com
