“This transaction strengthens our financial position while reaffirming our commitment to our sustainability goals, particularly in becoming a net zero carbon business by 2050,” Diego Gaxiola, the company’s chief financial officer, said in a statement.
Daniel Servitje’s company obtained an opinion from an independent third party, who considered the key indicators as “material and relevant”, in accordance with industry best practices.
With this issuance, the world’s largest bakery resumes its participation in the Mexican market, which is the fifth Scope 3 SLB globally and the first in Latin America.
Bimbo’s goal is to achieve net zero carbon emissions, that 100% of its key ingredients will come from land cultivated with regenerative agriculture practices.
By 2030, the company seeks to ensure that 100% of its packaging contributes to a circular economy. Likewise, achieve a 20% reduction in water consumption and a 50% reduction in food waste in its operations.
Bimbo followed the path of Coca-Cola Femsa, which in September 2021, when it placed 9,400 million pesos in stock certificates linked to sustainability in the national market.
Bonds linked to sustainability are issues with which companies commit to meet certain objectives in order to improve their performance in line with a better operation related to the environment.