Grupo Bimbo debuts in sustainable finance

Mexico: Having been named the Most Reputable Company in Mexico for the fifth year in a row, Grupo Bimbo’s concern for the environment has been reaffirmed with its sustainable finance debut, thanks to the renewal of its Committed Revolving Line of Credit (RCF).

Grupo Bimbo’s decision to commit to ambitious results in renewable energy use and water management is in line with the company’s strategy, where sustainability plays a key role. At Grupo Bimbo, we believe that our business model must be sustainable from its design, so we set new goals to advance the restoration of the health of the planet and the well-being of people; An example of this is our commitment to net zero carbon emissions by 2050, said Rafael Pamias, Deputy General Manager and Sustainability Director at Grupo Bimbo. He added: “The two KPIs associated with the regional cooperation framework are central to our priority sustainability strategy and our previous commitment at RE100 to 100% electricity consumption. from renewable sources by 2025 and reuse of all treated water.”

With a loan linked to sustainability, Bimbo provides flexibility and high liquidity between the company and its banking syndicate. This highlights the commitment to conserve and improve energy and water in the environment.

“I am proud that this successful transaction is fully in line with our philosophy of building a sustainable, highly productive and wholly humane company,” said Diego Gaccciola, Chief Financial Officer of Grupo Bimbo.

For more than a decade, Grupo Bimbo has benefited from a committed revolving line of credit, which today is a vital part of the company’s DNA. Bimbo is focused on developing an ambitious global strategy to continue to do an increasingly sustainable business.

Jacciola added that “Grupo Bimbo’s decision to commit to ambitious results in renewable energy use and water management is in line with the company’s strategy, where sustainability plays a key role.”

At Grupo Bimbo, they know that their business model must be sustainable and that the company is setting new goals to promote the restoration of the health of the planet and to set an example for other companies around the world.