FEMSA Hit Renewable Energy Milestones in 2024

FEMSA released its 2024 Integrated Annual Report, detailing progress on sustainability, operational performance, and business strategy. The company highlights the evolution of its sustainability framework, supported by corporate governance aimed at transparency and long-term alignment.

FEMSA reported a total revenue of MX$782 billion (US$37 billion) in 2024, marking an 11.2% year-over-year increase. Operating income rose by 19.8% to MX$70 billion, and adjusted EBITDA reached MX$116 billion with a 14.8% margin. Meanwhile, Coca-Cola FEMSA recorded a 4.4% increase in volume. Its omnichannel platform, Juntos+, expanded to 1.3 million active clients, leveraging AI to enhance digital services.

In 2024, FEMSA was included for the first time in the Dow Jones Sustainability World Index and, for a second consecutive year, in the S&P Global Sustainability Yearbook. The company attributed this recognition to the integration of sustainability across its business model, organized around nine priority topics grouped under three strategic pillars: People, Community and Planet.

José Antonio Fernández, Chairman and CEO, FEMSA, describes the year as one of strategic, operational and cultural evolution, underscoring the firm’s commitment to transparency and long-term value creation.

The company reported that 65.3% of its electricity consumption came from renewable sources in 2024 — over 2,081 GWh used across more than 15,300 sites. FEMSA also diverted 76% of its waste from landfills, reflecting a 20% increase over five years. Moreover, Coca-Cola FEMSA reduced its water usage to 1.36 L per liter of beverage produced, meeting an interim target linked to a sustainability bond.

The FEMSA Foundation invested over US$17.5 million alongside partners in early childhood development, water security, circular economy, and cultural initiatives. The foundation intervened in over 185 public spaces across Latin America and invested a total of US$50.3 million in the Latin American Water Funds Partnership, benefiting 137,000 families and helping to conserve 565,000 ha