Have you heard the news? Grupo Bimbo has gained even more distinction for its family of bakery brands as it was recently recognized by the non-governmental organization Carbon Disclosure Project (CDP) for its actions at the global level to mitigate the effects of climate change. Earning a prized “A” rating, the company has further demonstrated its commitment to leading the way in environmental transparency and performance on climate change, deforestation, and water security.
“We are very proud to receive, for the first time, this high rating that CDP gives to companies working to make this a better world. A year ago, Grupo Bimbo made a firm commitment to become a company with zero net carbon emissions by 2050, setting goals validated by Science-Based Targets, driving us to generate actions throughout our value chain and thus continue to achieve the objectives set out in our Sustainability strategy,” said Rafael Pamias, Executive Vice President and Chief Sustainability Officer of Grupo Bimbo.
CDP is a non-profit organization that manages and produces analyses allowing listed companies to disclose their environmental impact and compare it with others in the market, a press release explained. This information is used by more than 680 investors and 280 buyers who ask companies to disclose their information annually.
To achieve the maximum “A” score, CDP considers a range of variables, including how companies report their progress, and if they do so in absolute transparency and with clear objectives. Grupo Bimbo received CDP’s A-List award at the 2022 CDP Awards in São Paulo, Brazil.
More than 15,000 global companies from various industries disclosed their environmental impact information to CDP this year, of which only 2 percent obtained the “A” rating in the Climate Change category—including Grupo Bimbo.
Grupo Bimbo began its journey to mitigate the effects of climate change 30 years ago. In 2012, the company launched its first renewable energy project in Mexico along with the development of its first electric vehicle, and in 2018, it joined the RE100 initiative, defining a goal of using 100 percent renewable electricity globally by 2025. The company also committed to achieving zero net carbon emissions by 2050, joining the Race to Zero campaign.
What other impressive accolades will this bakery name add to its trophy case? Deli Market News will be here to report.