Grupo Bimbo is first company in Mexico and Latin America who joins RE100 and commits to being 100 percent renewable by 2025

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03 Oct, 2018, 22:49 GMT

During New York Climate Week, the largest baking company in the world joins RE100, an initiative comprising large companies committed to the use of 100 percent renewable electricity.
Grupo Bimbo is the first company in Mexico and Latin America to assume this global commitment
All Grupo Bimbo products will be manufactured with renewable energy

MEXICO CITY, Oct. 3, 2018 /PRNewswire/ -- Grupo Bimbo, the largest baking company in the world, announced its commitment to use 100 percent renewable energy for its electricity throughout the world by 2025. The company is the first company in Mexico and Latin America to join RE100, a global, collaborative initiative of The Climate Group, together with CDP. RE100 brings together the most influential companies in the world who commit to the use of electric energy from 100 percent renewable sources.

The announcement was made during New York Climate Week, where Grupo Bimbo committed to supplying clean energy in the 32 countries where it operates, through one or more of the different schemes for energy solutions such as Power Purchase Agreements (PPA), the purchasing of Renewable Energy Certificates (REC or GO), investing in distributed generation (on site), and buying clean energy directly, among others.

Daniel Servitje, President and CEO of Grupo Bimbo said, "Our commitment to convert our operation to 100 percent renewable energy is a major step toward our purpose of building a sustainable, highly productive, and deeply humane company. Having operations in 32 countries, this is a challenge we assume with the clear conviction and responsibility to contribute to a better planet for present and future generations."

Adding to Servitje's position, Jorge Zárate, Vice President of Global Operations at Grupo Bimbo and the leader of the environmental initiative of the company, stressed, "As a global company, we are firmly committed to working every day with a high sense of environmental responsibility. This initiative is part of our strategy for renewable energy, which began in 2012 with the opening of the Piedra Larga wind farm and is consolidated with this important commitment."

"Today, we are the first Mexican and Latin American Company to join RE100 and we are confident that many other companies in the region will join this important initiative," Zárate added.

The Piedra Larga Wind Farm supplies clean energy to company's plants and certain work centers throughout Mexico. This year, "Bimbo Solar" was launched in Mexico, with several systems using solar panels on rooftops. In April of this year, the company announced that by 2019 it would be 75 percent renewable worldwide after signing an agreement for a 100 megawatt windfarm, to make its United States operations 100 percent renewable electricity, achieving a total global reduction of 440,000 tons of CO₂ per year. These initiatives are added to others already in effect in countries such as Colombia and Spain.

By joining RE100, Grupo Bimbo once again reinforces its commitment to the environment and to society, understanding its role as an agent for change to create long-term value with actions and policies aimed at protecting the planet and the wellbeing of all its inhabitants.

Mike Peirce, Corporate Partnerships Director, The Climate Group, welcomed the commitment, saying, "This is an exciting first for RE100 as we expand our membership into new geographies like Mexico and Latin America. We congratulate Grupo Bimbo on its leadership in finding renewable energy solutions for each of its locations and hope to influence many more companies to come onboard."

Grupo Bimbo's sustainability strategy concentrates its efforts along four lines of action related to environmental protection: reducing its carbon footprint; managing wastes; and natural capital. For further information on Grupo Bimbo's sustainability efforts, visit https://www.grupobimbo.com/en/sustaintability.

About Grupo Bimbo

Grupo Bimbo is the world's leader in the baking industry. It has over 141 thousand associates, in 2016 reached sales for 14.4 billion US dollars. It has 202 production plants and close to 1,800 sales centers strategically located in 32 countries around the world, within four continents. It produces over 13 thousand products under more than 100 umbrella brands of reknown prestige, in categories such as loaf bread, buns and toasted bread. It also has a wide distribution network in the countries where it is present, which is one of the largest in the American continent. Grupo Bimbo is listed in the Mexican Stock Exchange (BMV) under the BIMBO ticker. Grupo Bimbo restates its commitment with the environment, through its environmental sustainability programs in all the countries where it has operations. For additional information on Grupo Bimbo, please visit: www.grupobimbo.com, Look for us on Facebook: www.facebook.com/GrupoBimbo and Twitter: @GrupoBimbo.