Dear community, I am excited to share with you that, as part of Grupo Bimbo’s new sustainability strategy, this week we will make public the commitment to be a Zero Net Carbon Emissions company by 2050. We announced this goal in the framework of the United Nations Climate Change Conference, COP26, which is held this year in Glasgow.
To achieve this, we have outlined a strategy with concrete actions for the mitigation of emissions from two key axes: elimination and neutralization. Our goals were validated by the Science Based Targets initiative, which encourages companies to set science-based targets and leverage their competitive advantage for the transition to a low-carbon economy.
An example of the practices we carry out in the reduction axis is our participation in the RE100 initiative, which we joined in 2018. Through this initiative, we commit ourselves that by 2025 all our global operations will use electricity that comes entirely from renewable sources, such as the sun or wind. We currently have an advance of 80% and the goal is that by reaching 100% we will completely eliminate scope 2 emissions*.
Alliances have been a key point in the neutralization issue. The impact on the entire value chain through activities such as reforestation or the practice of regenerative agriculture, would not be possible without the joint effort. Thanks to these initiatives we can remove large amounts of carbon from the atmosphere.
To achieve our goal by 2050, in addition to our participation in RE100, we set intermediate targets. We are committed to reducing 50% of the absolute Scope 1 emissions* by 2030, taking 2019 as the base year. We will also work with allies and commercial partners to reduce 28% of the absolute Scope 3* emissions.
The above is proof that our path to sustainable development began many years ago, so the commitment we announce today is just one more step on the journey. I invite you to visit https://www.netzero-grupobimbo.com/en/ to learn how we are changing the future today.
Scope 1 refers to direct emissions from sources owned or controlled by the company (for example, energy generated from the business’ facilities, company vehicles, etc.).
Scope 2 includes indirect emissions from the production of electricity consumed by the company.
Scope 3 refers to other indirect emissions resulting from activities of the company that are not owned or controlled by it (for example, leased facilities, employee displacement, operational waste, etc.)