FEMSA
Fomento Económico Mexicano, S.A.B. de C.V. (commonly known as FEMSA) is a leading Mexican multinational corporation headquartered in Monterrey, Mexico. Established in 1890, FEMSA operates primarily in the beverage and retail sectors, with significant presence across Latin America and the United States. The company is renowned for its diverse portfolio, which includes Coca-Cola bottling operations, OXXO convenience stores, and logistics services. FEMSA's unique integration of beverage production and retail distribution sets it apart in the industry. With a strong market position, FEMSA has achieved notable milestones, including its recognition as one of the largest Coca-Cola bottlers globally. The company's commitment to sustainability and innovation further solidifies its reputation as a key player in the beverage and retail landscape.
DitchCarbon Score
How does FEMSA's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Fuel Retail industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
FEMSA's score of 44 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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FEMSA's reported carbon emissions
In 2023, FEMSA reported total carbon emissions of approximately 1,474,689,000 kg CO2e, with Scope 1 emissions at about 1,017,510,000 kg CO2e and Scope 2 emissions at approximately 457,180,000 kg CO2e. The company has set ambitious climate commitments, aiming for 85% renewable energy utilisation across all operations by 2030, applicable to both Scope 1 and Scope 2 emissions. FEMSA's emissions have shown fluctuations over the years, with total emissions recorded at approximately 1,505,957,000 kg CO2e in 2018 and a significant reduction to about 901,098,000 kg CO2e in 2019. The company has disclosed emissions data for Scopes 1 and 2 consistently, while Scope 3 emissions were reported at approximately 12,408,000 kg CO2e in 2019 and 9,369,000 kg CO2e in 2022. FEMSA's commitment to renewable energy and its ongoing efforts to reduce emissions reflect its dedication to sustainability and climate action, aligning with industry standards and expectations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 536,998,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 968,959,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 00,000,000 | - | 0,000,000 | 0,000,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
FEMSA is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
