Coca‑Cola FEMSA hits water target on KOF 21L bonds
Rhea-AI Filing Summary
COCA COLA FEMSA SAB DE CV (KOF) reports that it has met the sustainability performance target tied to its sustainability-linked bonds “KOF 21L” by achieving a water use efficiency ratio of 1.26 liters of water per liter of beverage produced, confirmed by an external independent verifier. Because the target was achieved, the interest rate on the KOF 21L bonds for the interest period beginning on September 17, 2026 will remain unchanged. Since 2022, the company has invested more than US$82 million in its water efficiency strategy, and the Water Use Ratio achieved in August 2026 reflects an improvement of more than 20% from its 2018 baseline.
Positive
- Met sustainability-linked bond target, avoiding an interest rate increase on the KOF 21L notes by achieving a 1.26 L/L water use ratio, which is confirmed by an external independent verifier.
- Invested over US$82 million since 2022 to improve water efficiency, achieving a Water Use Ratio more than 20% better than the company’s 2018 baseline.
Negative
- None.
Key Figures
Water Use Ratio: 1.26 liters of water per liter of beverage produced
Water efficiency improvement vs. 2018 baseline: More than 20%
Water efficiency investments since 2022: More than US$82 million
+5 more
8 metrics
Water Use Ratio
1.26 liters of water per liter of beverage produced
Sustainability performance target for KOF 21L, achieved and verified as of August 2026
Water efficiency improvement vs. 2018 baseline
More than 20%
Improvement in Water Use Ratio achieved by August 2026 relative to 2018
Water efficiency investments since 2022
More than US$82 million
Investments to strengthen water efficiency strategy and reach a 1.26 L/L Water Use Ratio
Consumers served
More than 268 million
Number of consumers served by Coca-Cola FEMSA
Employees
More than 90,000
Number of employees at Coca-Cola FEMSA
Annual sales volume
Approximately 4.2 billion unit cases
Annual volume marketed and sold
Points of sale
More than 2.1 million
Points of sale served annually
Manufacturing plants and distribution centers
55 manufacturing plants and 256 distribution centers
Operational footprint across its territories
Key Terms
sustainability-linked bonds, Water Use Ratio (WUR), external and independent verifier, Dow Jones Sustainability MILA Pacific Alliance Index, +2 more
6 terms
sustainability-linked bonds financial
"the sustainability performance target contemplated in its sustainability-linked bonds “KOF 21L”"
Water Use Ratio (WUR) technical
"Its water efficiency strategy aims to reduce the Water Use Ratio (WUR)"
external and independent verifier regulatory
"such compliance has been confirmed by an external and independent verifier"
Dow Jones Sustainability MILA Pacific Alliance Index financial
"The Company is a member of Dow Jones Sustainability MILA Pacific Alliance Index"
FTSE4Good Emerging Index financial
"The Company is a member of ... FTSE4Good Emerging Index"
Water Use Efficiency technical
"the Company has achieved the sustainability performance target ... by achieving a water use efficiency ratio"
FAQ
What did KOF achieve regarding its sustainability-linked bonds KOF 21L?
KOF achieved the sustainability performance target for its KOF 21L sustainability-linked bonds by reaching a water use efficiency ratio of 1.26 liters of water per liter of beverage produced, as confirmed by an external and independent verifier.
How does meeting the water target affect the KOF 21L bond interest rate for KOF?
Because the company met the water efficiency target, KOF states that the interest rate on the KOF 21L sustainability-linked bonds will not be modified for the interest period beginning on September 17, 2026.
What water efficiency level did KOF (Coca-Cola FEMSA) report for August 2026?
KOF reports a Water Use Ratio of 1.26 liters of water per liter of beverage produced for its performance relevant to the KOF 21L target, representing an improvement above 20% from its 2018 baseline.
How much has KOF invested in water efficiency since 2022?
Since 2022, KOF has invested more than US$82 million to strengthen its water efficiency strategy and achieve a Water Use Ratio of 1.26 liters of water per liter of beverage produced across its operations.
How large is Coca-Cola FEMSA’s (KOF) operating scale?
Coca-Cola FEMSA serves more than 268 million consumers, with over 90,000 employees, selling around 4.2 billion unit cases annually through more than 2.1 million points of sale, operating 55 manufacturing plants and 256 distribution centers.
In which markets does KOF operate according to this report?
KOF’s operations cover franchise territories in Mexico, Brazil, Guatemala, Colombia, and Argentina nationwide, and in Costa Rica, Nicaragua, Panama, Uruguay, and in Venezuela through its investment in KOF Venezuela.
AI-generated analysis. How Rhea-AI works. Not financial advice.
