Grupo Bimbo

Grupo Bimbo's reported carbon emissions

Grupo Bimbo, a food products company headquartered in Mexico, reported its total carbon emissions for 2024 at approximately 8.9 billion kg CO2e. This figure comprises around 1.1 billion kg CO2e from Scope 1 (direct emissions), approximately 25.7 million kg CO2e from Scope 2 (indirect emissions from purchased electricity, heat, or steam), and roughly 7.8 billion kg CO2e from Scope 3 (all other indirect emissions). In 2023, Grupo Bimbo's total emissions were approximately 10.0 billion kg CO2e. This breakdown included about 1.1 billion kg CO2e for Scope 1, approximately 36.6 million kg CO2e for Scope 2, and roughly 8.8 billion kg CO2e for Scope 3. The company has established significant climate commitments. Grupo Bimbo aims to reduce its Scope 1 emissions by 50% by 2030, using a 2019 baseline. Additionally, it is committed to achieving net-zero carbon emissions by 2050. Their strategy includes increasing annual sourcing of renewable electricity to 100% by 2025 and a commitment to reduce absolute Scope 3 greenhouse gas emissions by 28% by 2030, also from a 2019 baseline. Targets align with a 1.5°C warming pathway, as verified by the Science Based Targets initiative (SBTi). Grupo Bimbo's approach to reducing emissions includes initiatives like regenerative agriculture, which aims to lower emissions from farm-sourced ingredients through practices that improve soil health, potentially leading to carbon reduction and capture. They are working towards net-zero Scope 2 emissions by 2025 and nearing Scope 1 net-zero emissions by 2040. The company has also set a target to reduce Scope 2 carbon emissions by 52% versus 2021 levels by 2025.