STOCK TITAN

Grupo Bimbo Announces That 97% of the Electricity it Uses Globally Comes From Renewable Sources

(Neutral)
(Very Positive)
Tags
Grupo Bimbo (BMBOY), the world's largest baking company, released its 2024 Annual Report highlighting significant sustainability achievements. The company reported that 97% of its global electricity now comes from renewable sources, with 28 out of 35 operating countries achieving 100% renewable electricity. The company maintains the largest electric delivery fleet in Latin America with over 4,200 electric vehicles out of 7,757 alternative fuel vehicles. In packaging sustainability, 94% is now recyclable, approaching their 2025 goal of 100% recyclable, biodegradable, or compostable packaging. The company has implemented regenerative agriculture practices across 300,000 hectares and achieved 99% artificial color and flavor-free status in daily consumption products. Through its Good Neighbor program, Bimbo completed 267 community projects across 28 countries, benefiting over 530,000 people, as part of its commitment to achieving net zero carbon emissions by 2050.
Loading...
Loading translation...

Positive

  • 97% of global electricity comes from renewable sources, with 100% renewable electricity in 28 of 35 operating countries
  • Maintains largest electric delivery fleet in Latin America with 4,200+ electric vehicles
  • 94% of packaging is now recyclable, approaching 2025 sustainability goal
  • 99% of daily consumption products are free from artificial colors and flavors
  • Implemented regenerative agriculture across 300,000 hectares

Negative

  • None.

News Market Reaction – BMBOY

-0.93%
-0.93% Session move

In the trading session that priced this news, BMBOY declined 0.93%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
  • The bakery company presented its 2024 Annual Report: “Actions that Transform”, highlighting progress on its 2030 and 2050 commitments
  • It has more than 4,200 electric delivery vehicles—the largest fleet in Mexico and Latin America.
  • 94% of Grupo Bimbo’s packaging is now recyclable.

HORSHAM, Pa., June 11, 2025 (GLOBE NEWSWIRE) -- In celebration of World Environment Day, Grupo Bimbo, the world’s largest baking company, presented its 2024 Annual Report: “Actions that Transform”, which outlines business progress and advances toward its 2030 and 2050 Sustainability Strategy goals.

As part of its Nourishing a Better World sustainability strategy, Grupo Bimbo has established a comprehensive plan to protect and preserve the earth through its Baked For Nature priority. This plan is structured around three key pillars: net zero carbon emissions, zero waste and regenerative agriculture.

Through its net zero carbon emissions pillar, the Company implements a comprehensive strategy covering all three scopes of emissions, focusing on the use of renewable energy, reducing fossil fuel consumption, and collaborating with its value chain to reduce indirect emissions. Today, 97% of the electricity Grupo Bimbo uses globally comes from renewable sources. Additionally, in 28 of the 35 countries where it operates, it has achieved 100% renewable electricity supply.

Grupo Bimbo also has more than 7,757 vehicles using alternative fuels, over 4,200 of which are electric - solidifying its leadership as the company with the largest electric delivery fleet in Latin America. These actions mark steady progress toward becoming a net zero carbon emissions company by 2050.

Under its Zero Waste pillar, Grupo Bimbo reported that 94% of its packaging is now recyclable and reaffirmed its goal that by 2025, 100% of its packaging will be recyclable, biodegradable, or compostable. In the Regenerative Agriculture pillar, the company has reached nearly 300,000 hectares under this practice, aiming for all key ingredients to come from land cultivated with this approach by 2050.

Also, as part of its sustainability strategy, under the Baked For You priority—focused on offering better nutritional profiles, plant-based diets, and purpose-driven sustainable brands—Grupo Bimbo reported that 99% of its daily consumption products are free from artificial colors and flavors.

Under the Baked For Life priority, aimed at strengthening communities and caring for our people, Grupo Bimbo highlighted the completion of 267 community projects in 28 countries through its Good Neighbor program, benefiting more than 530,000 people.

Alejandra Vázquez, VP Global Sustainability at Grupo Bimbo, stated: “2024 was a year of great progress and significant efforts to continue generating a positive impact on the planet, in the lives of our associates and in the communities we touch. We are very proud of these achievements within our Sustainability Strategy, as we continue to take firm steps toward our purpose of Nourishing a Better World.”

To learn more about Grupo Bimbo’s sustainability report, visit: Annual Report 2024

Media Contact:
Buchanan Public Relations, bbu@buchananpr.com


FAQ

What percentage of Grupo Bimbo's (BMBOY) electricity comes from renewable sources in 2024?

97% of Grupo Bimbo's global electricity comes from renewable sources, with 100% renewable electricity achieved in 28 of 35 operating countries.

How many electric vehicles does Grupo Bimbo have in its delivery fleet?

Grupo Bimbo has over 4,200 electric delivery vehicles, making it the largest electric fleet in Latin America, out of a total of 7,757 vehicles using alternative fuels.

What is Grupo Bimbo's packaging sustainability goal for 2025?

Grupo Bimbo aims to make 100% of its packaging recyclable, biodegradable, or compostable by 2025, with 94% currently being recyclable.

How many hectares of land does Grupo Bimbo have under regenerative agriculture practices?

Grupo Bimbo has implemented regenerative agriculture practices across nearly 300,000 hectares of land.

What percentage of Grupo Bimbo's products are free from artificial colors and flavors?

99% of Grupo Bimbo's daily consumption products are free from artificial colors and flavors.