MEXICO CITY — Grupo Bimbo, the world’s largest baking company and an industry leader on sustainability, announced today its commitment to achieve net zero carbon emissions by 2050.
This commitment considers emissions for the company’s entire value chain, including all activities of operations, logistics, sales, procurement and marketing. The goal was developed following a validated Science Based Targets initiative’s framework, which focuses on reducing emissions consistent with limiting climate warming to 1.5°C, or 34.7°F, above pre-industrial levels to limit irreversible damage to our planet.
By doing this, Grupo Bimbo has become the first Mexican food company to commit to Business Ambition for 1.5°C and join the United Nation’s Race to Zero Campaign with targets established and validated by Science Based Targets. The Race to Zero Campaign is the first coordinated attempt to reduce carbon emissions on time.
“I am proud that Grupo Bimbo can continue contributing to the United Nation’s Sustainable Development Goals and is actively looking for ways to limit the damaging effects of global warming,” said Daniel Servitje, chairman and CEO of Grupo Bimbo. “Our new sustainability platform has been defined with long term ambitious goals which are intimately linked to our purpose, to nourish a better world. Grupo Bimbo is a company with a long track record on social and environmental initiatives, as we launch our new platform, we are taking the necessary steps towards fully integrating sustainability with our overall business strategy and publicly committing to continue positively impacting the future.”
The roadmap towards this commitment has been carefully defined. Building on initiatives that have directed Grupo Bimbo towards cleaner energy for years now, the company plans to strengthen measures to prevent, reduce or eliminate at least 90% of the carbon emissions in its value chain. This will be achieved directly by transitioning to 100% renewable energy, moving to lower carbon logistics and vehicles, implementing energy efficiency strategies across all operations, and supporting suppliers and partners in reducing their emissions through best practices that include technological innovation.
“Our new sustainability platform has been defined with long term ambitious goals which are intimately linked to our purpose, to nourish a better world.” —Daniel Servitje | chairman and CEO | Grupo Bimbo
With this, three key interim carbon abatement goals have been defined to put Grupo Bimbo on the right path towards achieving Net Zero Carbon emissions by 2050:
- As announced in 2018, Grupo Bimbo, through its participation in RE100 (a CDP’s collaborative initiative), has committed to use 100% renewable electricity globally by 2025. With that, 100% of its Scope 2 emissions will be eliminated. The company is on track to reach that goal and reiterates its commitment to RE100.
- By 2030, Grupo Bimbo is committing to reduce 50% of its emissions from a 2019 base year.
- By 2030, Grupo Bimbo is committing to reduce 28% of its emissions from a 2019 base year.
Grupo Bimbo will include neutralization actions as part of its strategy through reforestation and carbon sequestration measures which will be aligned with its regenerative agriculture initiative, a part of the Net Zero Carbon emissions commitment.
