GRI 2-12, 2-13, 2-14, 2-29, 3-1, 3-2
At Fibra Nova we are aware that to have a solid and robust ESG strategy, the first step is to know our stakeholders, their needs and expectations, as well as the trends and best practices of the sector to generate greater value inside and outside the organization.
As part of our sustainability efforts, during 2021 we conducted our first materiality assessment along with the identification of our stakeholders.
The identification of our main stakeholders was based on the following criteria:
- Those who may be affected positively and negatively by the organization’s activities
- Those with whom the trust has legal obligations and commitments
- Those who are influential in the achievement of organizational objectives
- Those who are part of the value chain
With the purpose of focusing our efforts and resources on the issues that are truly important for the organization and having an accurate, focused, and transparent communication with stakeholders, we carried out our materiality assessment using the following methodology:
- Analysis of the requirements and expectations of the different stakeholders in order to identify the priorities and key issues outside the organization.
- Analysis and compilation of industry research and best practices of leading companies to define ESG trends.
- Strategic surveys with Fibra Nova’s key staff in order to identify priorities within the organization.
- Compilation and analysis of information for the development of the materiality matrix.
Risks and crises
The identification of priority issues allows us to know the ESG risks and opportunities that may arise due to the nature and operations of the trust. Monitoring and following up on these issues is fundamental for our growth and continued operation in the market, as it allows us to be prepared for any situation that may impact the organization and formulate a mitigation and response plan to minimize the possible negative effects and capitalize on the opportunities that may benefit us and contribute to the development of the trust.
The Holders’ Meeting is responsible for evaluating the performance of the Technical Committee on an annual basis, which includes compliance with the organization’s strategic vision, considering the mitigation and response to identified risks. It is also responsible for ratifying compliance with the trust’s strategic vision, which includes operating in accordance with the environmental regulatory framework.
GRI 2-9, 2-10, 2-11, 2-15, 2-16, 2-17, 2-18, 2-19, 2-20, 2-21, 2-25, 2-26
At Fibra Nova we are aware of the importance of having a solid corporate governance for the operation, growth, and continued existence of the organization. Therefore, we have a robust governance structure that exceeds industry standards and promotes a culture of integrity and ethics throughout our operations.
Our corporate governance is guided by the Corporate Governance Operating Policy, which lays down the guidelines for the operation of the governing bodies and seeks to improve the organization’s management capabilities through:
To keep the knowledge and skills of the directors updated and aligned to the landscape of Mexican REITs, as well as a state-of-the-art knowledge on best practices, annual training is provided to all members of each governing body. Likewise, when a new director joins any governing body, he/she is provided with an induction course to his/her new role and responsibilities.
The Technical Committee is entrusted with Fibra Nova’s corporate governance, which must be comprised of a maximum of 21 proprietary members with their respective alternates. Although Mexican regulation only requires that 25% of the members be independent, we established that the majority of the members must qualify as independent at all times.
ChairmanSeniority: 4 years
Alternate: Luis Eduardo Ramírez Herrera
He has a degree in Business Administration from the New Mexico State University and has a postgraduate degree from Harvard Business School. He is CEO and founding partner of Grupo Bafar. He is recognized as one of the 100 most important businessmen in Mexico and one of the most prominent leaders in Mexico according to several publications. He sits on committees and boards of various organizations such as the Mexican Meat Council (Consejo Mexicano de la Carne), Mexican Chamber of the Transforming Industry (Cámara Nacional de la Industria de Transformación, known as CANACINTRA for its Spanish acronym) - Chihuahua Chapter, member of the National Association of Certified Meat Packers (Asociación Nacional de Empacadores TIF), the National Agricultural Council (Consejo Nacional Agropecuario), Food Group, the Mexican Council of the Consumer Products Industry (Consejo Mexicano de la Industria de Productos de Consumo), Nacional Financiera, Monterrey Institute of Technology and Higher Education (Instituto Tecnológico y de Estudios Superiores de Monterrey, ITESM for its Spanish acronym), Citibanamex, Telmex, and BBVA México.
VocalSeniority: 4 years
Alternate: José María Muzquiz Barrera
He is a Certified Public Accountant from ITESM (Monterrey campus) and holds a postgraduate degree from Harvard Business School. He is the Director of Mergers, Acquisitions and Alliances of Grupo Bafar. For more than 30 years within Grupo Bafar, he has held various management positions and has been a pioneer in the development of products, markets, and brands of deli meats and cheeses in the Mexican market. He has been a leader and key player in the acquisition of several companies such as Grupo Burr in the Pacific, Parma, Sabori, Campestre, Ponderosa in the northeast and Zagora stores in Puebla.
Independent DirectorSeniority: 4 years
Alternate: Ana Elisa Pumarejo Hinojosa
Industrial Engineer from Ibero-American University (Universidad Iberoamericana). He has 40 years of work experience in the financial sector and serves as independent director at several public companies in Mexico. Until 2002, he was a partner at Capital Access, previously acted as a board member at Grupo Bursátil Mexicano. He has also held executive positions in the areas of promotion and operation of companies such as Casa de Bolsa Banamex and Multivalores Casa de Bolsa, of which he was Partner and Chief Executive Officer.
Independent DirectorSeniority: 4 years
Alternate: Armando Antonio Janzen Hernández
He holds a degree in Industrial and Systems Engineering from ITESM and postgraduate studies from New York University. He has more than 20 years of experience as a business advisor. He is a founding partner of Alfaro Davila & Rios SC and has held senior positions at Credit Suisse and Donaldson Luftkin and Jenrette Investment Bank. He is a specialist in M&As, restructurings, financings, capital markets operations, and investment, and has contributed to important transactions of public companies in Mexico and abroad.
DirectorSeniority: 4 years
Alternate: Aarón Abdiel Grijalva Molinar
He holds a degree in industrial and systems engineering from ITESM and a diploma in management from Harvard Business School. He is chairman of Grupo Ruba, one of the top home construction companies in Northern Mexico, and of Cubiertas Industriales de México (Cubimsa). He manages an important cattle ranch in the state of Chihuahua. He was chairman of Mexican Employers’ Association (Confederación Patronal de la República Mexicana, COPARMEX for its Spanish acronym) in Chihuahua and of the Center for Human Leadership Development (Centro de Desarrollo para el Liderazgo Humano, A.C., a Mexican NGO dedicated to preparing youth leaders to contribute to the country’s development). He also served on the boards of Grupo Punto Alto, Grupo Cementos de Chihuahua, COPARMEX, and ITESM.
Independent DirectorSeniority: 4 years
Alternate: Rosa Isela Morales Fong
He holds a law degree from Ibero-American University (Universidad Iberoamericana) and has postgraduate studies at New York University and Hague Academy of International Law. He is partner of the law firm EGAO and has more than 35 years of experience advising clients in structuring and executing joint ventures in Mexico and has worked on several M&As and licensing and technology transfer agreements. He is also legal advisor on manufacture regulations to the industrial promotion office of the states of Yucatan and Chihuahua. He is a speaker and panelist at the Latin American Chamber of Commerce in Switzerland and has been a speaker and panelist on the legal framework for international lending in various forums such as the American Chamber of Commerce of Mexico and in legal education programs at Freshfields Buckhause Deringer LP.
Independent DirectorSeniority: 4 years
Alternate Erika Horn Miranda
He holds a bachelor’s degree in business and an MBA from the University of Alabama. He has more than 15 years of experience in the export manufacturing industry in Mexico, the United States, and Canada. He is currently VP of Purchasing at Electrolux AB, one of the leading manufacturers of electrical appliances. He has held important positions in administrative and financial areas in Franke and The Vista Corporation. His professional experience includes the execution of long-term strategies to build alliances with the government and achieving significant savings and operational efficiencies in projects in North America.
It is responsible for providing opinions on the trust’s transactions with related parties, presenting market studies, and advising the Technical Committee on matters related to corporate practices such as nomination, compensation, evaluation, finance, among others. It is integrated by 3 independent members.
It is in charge of evaluating the external auditors and analyzing their results. If necessary, it informs the Technical Committee about irregularities and verifies the implementation of internal controls in the organization. Likewise, it is tasked with receiving feedback, observations, and concerns from the Holders and other stakeholders.
As compensation for the services, support, knowledge, and work prior, during, and after the meetings of the governing bodies, each independent director will receive the following compensation, which is submitted for ratification at the General Meeting:
As part of the evaluation process conducted by the Technical Committee on an annual basis, a self-evaluation is carried out, together with the evaluation of the performance and contribution of its supporting committees, considering the value they bring to Fibra Nova. Both evaluations are coordinated by the Chairman of the Technical Committee with the assistance of the trust’s management team or an external advisor specialized in the matter.
The evaluation process consists of the following three stages:
Conflicts of interest
In order to avoid any kind of conflict of interest derived from the operations of the governing bodies and collaborators, the trust has a Conflict of Interest Policy, which establishes the framework for the prevention and handling of situations in which a conflict of interest may arise, together with the steps to be followed to identify potential situations that may involve conflicts of interest and the measures to be adopted to prevent them, seeking to act at all times with integrity, fairness, and honesty when carrying out the organization’s activities.
Likewise, the Operating Policy establishes that all non-independent members and, if applicable, the Secretary of the Technical Committee, who have a conflict of interest in any matter between related parties, must abstain from participating and be present in the deliberation and voting of such matter, without affecting the quorum required to hold the Technical Committee meeting.
Ethics and regulatory compliance
GRI 2-27, 205-1, 205-2, 205-3,
At Fibra Nova we are clear about the regulatory f ramework applicable to our operations, therefore we continuously monitor compliance with it and carry out all necessary measures to avoid violations. We are aware of the possible risks and impacts that a sanction may have on the organization, both financially and reputationally, reason why we operate at all times with integrity and responsibility to meet our objectives in compliance with the legal provisions.
Our operations are subject to several environmental laws, such as the General Law on Climate Change (Ley General del Cambio Climático), the General Law of Ecological Balance and Environmental Protection (Ley General del Equilibrio Ecológico y la Protección al Ambiente, LGEEPA for its Spanish acronym), the General Law on Environmental Responsibility (Ley General de Responsabilidad Ambiental), National
Code of Ethics and Conduct
Fibra Nova’s Code of Ethics and Conduct aims to help collaborators comply with the ethical standards established for the organization in the areas of health and safety, discrimination and harassment, product quality and safety, information security, transparency, fair competition, environment, anti-corruption, diversity and inclusion, among others.
This document seeks to go beyond the legal provisions, defining the ethical values that we share as members of the trust and that define who we are, as individuals and as an organization, before our customers, Holders, suppliers, competitors, and our community.
The basic principles of the Code of Ethics and Conduct are:
As part of Fibra Nova, each collaborator must sign the Code of Ethics and Conduct and has a personal responsibility to ensure that their actions comply with the code and the laws applicable to the job. We are aware that non- compliance leads to disciplinary action in response to the violation, up to and including dismissal.
The Management Team is responsible for ensuring compliance with the Code of Ethics and Conduct, and for fostering open and two- way communications, being proactive and positive role models, and showing respect
and care for each and every member of the organization. They must also be vigilant for any potential unethical or illegal conduct and take appropriate action.
The Ethics Committee is responsible for determining any sanctions or disciplinary measures depending on the severity of the breach of the Code of Ethics and Conduct or corporate integrity and anti-corruption policies.
At Fibra Nova we are committed to do business in an ethical and honest manner, free of any form of corruption and bribery, and encouraging the proper behavior of all collaborators, therefore corruption and bribery when conducting business is absolutely prohibited.
Likewise, we encourage mutual respect, honesty, trust, and affection in all our working relationships, thus Fibra Nova has zero tolerance for breaches of integrity, acts of corruption, and bribery. We are committed to conduct all our activities in an upright, ethical, and legal manner, especially in compliance with laws on corporate integrity and anti-corruption.
We have a corporate anti-corruption policy that sets out the responsibilities and obligations for our collaborators and any third party acting on behalf of Fibra Nova, to ensure that they understand and comply with anti-corruption laws when carrying out their activities and business relationships that may arise in the normal course of operations, preventing any risk of corruption and its potential legal, commercial, or reputational consequences.
Failure to comply with the Corporate Integrity Policy, the Anti-Corruption Policy or applicable anti-corruption laws may result in reprimands, civil or criminal sanctions, which may be applied at both the individual and organizational levels.
All our collaborators are informed about the implementation of the policies within Grupo Bafar’s system and are continuously trained on the subject through Universidad Bafar’s courses.
In order to maintain a healthy and safe work environment for everyone, it is the responsibility of the collaborators to report any type of incident concerning ethics and integrity.
Bafar Transparente is an open communication channel through which it is possible to report any action or incident that calls our attention, that violates the Code of Ethics and Conduct, affects our work environment, customer service or damages our assets, such as acts of corruption, fraud, theft, abuse of power, sexual harassment, labor harassment, poor service, breach of information security, misappropriation of records, infringement of policies and procedures, among others.
It is available through the following channels:
Fibra Nova, as part of Grupo Bafar, uses tools that adhere to best practices in ethics and anti- corruption, such as Bafar Transparente.
GRI 405-1, 406-1
Our collaborators drive Fibra Nova’s operations; therefore, we foster a safe and inclusive work environment, and we are committed to the integral development of our workforce.
As part of Grupo Bafar, we work together to manage administrative matters, which allows us to strengthen our processes and be more efficient in our operations. At the end of December 2021, our Fibra Nova team consisted of 6 collaborators.
Likewise, 100% of the collaborators in Fibra Nova’s governing bodies are over 50 years old.
At Fibra Nova, we believe that diversity and non-discrimination are essential factors for our growth. For this reason, we are committed to equal rights and opportunities for all our collaborators regardless of their background, ethnicity, marital status, opinions, gender, beliefs, economic standing, health condition, family situation, sexual identity, disability, nationality, immigration status, or union membership.
Regarding gender equity, Fibra Nova monitors the salary gap between women and men across the different positions in the organization. This analysis allows us to follow up on the progress made towards wage equality.
As part of our inclusion and equality strategy, we implemented a tabulation policy that allows us to determine the remuneration of our workforce based on functions and responsibilities, regardless of gender, race, social background, or beliefs.
Our commitment to our employees encompasses the implementation of training programs that allow them to learn skills and knowledge geared towards the growth of labor talent within the trust.
As part of Grupo Bafar, Fibra Nova participates in the talent strategies implemented by Universidad Bafar, A.C.
These strategies include the ongoing training of collaborators through the design of a specific study plan for each position that ensures that Fibra Nova’s workforce develops the skills and knowledge necessary to perform their duties.
In addition to allowing the learning of technical skills, the study plans include courses on organizational culture that promote organizational ethics, values, and knowledge, among others, throughout all job levels.
Moreover, collaborators in higher-level positions must comply with the curriculum of the corresponding study plan, as well as with the courses of the positions they must supervise. This ensures that our collaborators are fully familiar with the requirements and expectations of the positions they are to lead.
Internal talent development
On the other hand, at Fibra Nova we foster a culture of learning through the Internal Talent Development Model, which is comprised of two programs: Talent Pool and Management Talent Development.
Management Talent Development
It is based on the implementation of an Individual Development Plan (IDP) for collaborators enrolled in five specific programs. This IDP uses the “70, 20, 10” methodology, which indicates that 70% of the learning is done on the job, 20% through coaching, and 10% through academic tools, such as courses in collaboration with other universities.
5 Management Talent Development programs are:
On the other hand, the positions eligible to participate in these programs are middle management, area heads, and managers. To determine their participation, Universidad Bafar uses different evaluation tools that include a 360 Evaluation, through which every two years, the collaborator is evaluated by his superiors, his peers and him/herself, and an Evaluatest, which is a psychometric evaluation to detect gaps and develop plans to solve them, among others.
Similarly, the 25-box matrix is used as a tool to evaluate the performance and development potential of collaborators based on an external and independent methodology; depending on the collaborator’s scorecard in these two scopes, customized development plans are implemented to promote their growth within the trust.
This program allows internal collaborators to learn about the standard operation and develop the skills and knowledge of an immediate superior position. In this way, the program allows the collaborator to fill the position when a vacancy becomes available.
Occupational health and safety
GRI 403-1, 403-2, 403-3, 403-6, 403-7, 403-8, 403-9, 403-10
Through our Code of Ethics and Conduct, we state our commitment to health and safety in the work environment; as part of this commitment, we implemented a strategy to prevent and mitigate potential risks that may be faced by our collaborators. Based on the rules and practices established in compliance with Mexico’s labor laws, we have implemented three main guidelines to safeguard the health and safety of our collaborators:
Since hazard identification and risk assessment is an essential process for maintaining the safety of our properties, a risk assessment by work activity is performed to detect critical areas or those with the highest frequency of accidents.
In this way, the health and safety risks of all the activities performed in the identified areas are analyzed, and the appropriate prevention and mitigation plans are drawn up. The magnitude of each risk is determined according to a variety of criteria, including the sequence of the process to be performed, the machinery used, injury mechanisms, personal protective equipment, and existing controls, among others.
The prevention and mitigation plans implemented include different actions that are adapted to the type and magnitude of the risk detected. These actions may include training for brigade members, awareness-raising on the proper use of personal protective equipment, and technical adjustments, such as improved lighting and anti-slip surfaces.
Our occupational health and safety management system is embedded in the framework put in place by Grupo Bafar. Through this system, annual health campaigns are carried out, led by the medical area and composed of the following bimonthly, seasonal, and recurring programs:
In addition, our health strategy includes a set of benefits through which collaborators can take care of their health in an integral and reliable manner, including:
Similarly, the Grupo Bafar Foundation’s health campaigns seek to care for the general well-being, dental, visual, and hearing health of our collaborators by offering them access to preferential prices on the purchase of eyeglasses, hearing aids, and hospital services.
Finally, as we continue to face the COVID-19 contingency, we are distributing communiqués with relevant information to ensure collaborators awareness of best practices and the most up-to-date recommendations to protect against the virus. These communications include reminders on necessary hygiene measures and recent information on COVID-19 vaccination, among others.
In 2021, the Bafar Stock Compensation Plan and the Group-wide Retirement Plan were developed; however, the scope of both plans includes Fibra Nova’s collaborators as part of the efforts to contribute to their Fibra Nova has an established long-term compensation plan.
Long-term compensation plan
A long-term compensation plan has been established under which cash compensation is paid and certificates are given to executive officers, who play a key role in the implementation and formulation of the strategy defined for the trust, the growth of the portfolio, and the planning and development of new real estate assets. The purpose of such plan is to foster the long-term growth of the trust by offering an additional incentive to its executive officers who are responsible for the planning and steering of growth linked to the achievement of pre-established goals, as well as to reaffirm the alignment of interests between the Holders and the management team. In addition, the Compensation Plan enables the retention and attraction of key executive talent.
The Long-Term Compensation Plan Administration Policy establishes the requirements and guidelines of the plan to ensure that it is implemented in a transparent and effective manner. This initiative incentivizes the achievement of individual and group objectives and provides certainty about the trust’s growth.
Through the Retirement Policy implemented in 2021, we seek to promote the well-being of our collaborators during their post-retirement days. This policy determines the retirement bonus that collaborators over 60 years old receive when they retire from the organization or join as consultants. In this way, the retirement plan guarantees that collaborators receive an adequate and dignified closure of the work performed throughout their working life in the trust.
Adoption of Mexico’s new legislation on occupational psychosocial health
In order to identify, analyze, and prevent psychosocial risk factors in the work environment, in 2021 we implemented the Mexican Official Standard number NOM- 035-STPS-2018, “Identification, Analysis and Prevention of Psychosocial Risk Factors at Work”. Similarly, the Psychosocial Risk Prevention Policy was developed at a group level, which applies to all business units part of Grupo Bafar, including Fibra Nova.
Through this policy, different measures that promote a favorable organizational environment are put in place, including:
- The arrangement of meetings with collaborators to voice their doubts, concerns and/or complaints regarding their work.
- Cleanliness of work areas and common areas.
- The friendly and courteous relationship with the rest of the collaborators, visitors, suppliers, and customers.
- The sanction of any mockery, mistreatment, or discrimination in accordance with the Code of Ethics and Conduct.
- Conducting psychological and/or psychometric tests.
Our relationships with third parties are guided by the different corporate policies and procedures at group level applicable to the supply chain, such as the Strategic Purchasing Procedure for the Acquisition of Goods and/or Contracting of Services, which sets up the guidelines and criteria for the contracting of goods and/or services with honesty as a fundamental pillar.
Additionally, we have a Code of Ethics and Conduct, which suppliers, consultants, advisors, and contractors are expected to adopt when performing their activities over the course of our relationship to maintain a bond of respect in the long term.
Non-compliance with our corporate policies or the Code of Ethics and Conduct by third parties may result in the cancellation of the business relationship with Fibra Nova.
At Fibra Nova we seek to extend our commitment with the community and the environment to all our operations and labor relations, which is why at the end of 2021, 74.32% of our purchases were from local suppliers in the state of Chihuahua.
The operation of our properties has the potential to impact the communities where we have a presence. For this reason, our transition to a business model aligned with the best ESG standards includes a focus on responsibility and solidarity with the community.
Grupo Bafar Foundation
In order to create a positive impact on the community, Fibra Nova participates in the initiatives, projects, and programs developed by Fundación Grupo Bafar, A.C., which since 2011 seeks to “form better Mexicans”.
Through our engagement in the Foundation’s projects, we contribute to preserving the social fabric of the community through five strategic lines of action: food, sports, education, values, health and environmental care.
Likewise, the policies and procedures established by Grupo Bafar Foundation apply to Fibra Nova, which ensures that our participation in the programs is carried out in a transparent, reliable, and efficient manner.
Fibra Nova’s collaborators participate in the following programs, projects, and initiatives of Grupo Bafar Foundation:
Baby-B childcare center
Housed in Fibra Nova’s facilities, the Baby-B childcare center supports both the trust’s collaborators and its tenants by providing childcare services to their children between 45 days old and 4 years old.
With the capacity to care for 150 babies and children, the childcare center is part of the Mexican Institute of Social Security (Instituto Mexicano del Seguro Social, IMSS for its Spanish acronym) childcare system and operates under the highest standards of quality and safety.
“Together we can do more” volunteer program
Our collaborators are part of Grupo Bafar’s group of volunteers who participate in the Foundation’s programs, thus contributing to the successful execution of projects and initiatives.
This is a program that promotes the development of sports skills in children and teenagers from marginalized areas. In alliance with the Real Madrid Foundation, the program includes learning soccer and basketball, as well as academic and cultural activities and nutritional care to contribute to the integral and healthy growth of the participants.
In 2021, the activities of this program had to be paused due to the COVID-19 contingency; however, the support to the participating families continued, ensuring their adequate food to guarantee the fulfillment of their nutritional needs.
Food collection center
Perishable and non-perishable food and personal care items are distributed to populations in marginalized communities in order to improve their nutrition and quality of life, as well as to help their economic situation.
Fibra Nova participates in the “Une-T Por mejores mexicanos” golf tournament, organized annually by the Foundation. In addition to raising funds for the social programs implemented by Grupo Bafar Foundation, this event seeks to promote solidarity throughout Mexican society. It is also attended by renowned athletes such as Rafael Márquez and Hugo Sánchez, among others, to give talks to the beneficiaries.
This program involves the execution of one- year workshops and courses aimed at the personal, family, and labor development of women in the cities of Mexico, Cuernavaca, Chihuahua, Pachuca, Toluca, and La Piedad. It is implemented in collaboration with the Asociación Nacional Pro Superación Personal (ANSPAC), an organization engaged in promoting personal growth.
Similarly, Fibra Nova’s collaborators who require financial support due to special needs, medical problems, or accidents, among other cases, may request internal support, which is evaluated by Grupo Bafar Foundation. The Foundation establishes the support that will be granted to the collaborator, if applicable, based on different criteria.
In 2021, Fundación Grupo Bafar established an alliance with the Devlyn Foundation with the objective of delivering 4,000 eyeglasses fully fitted to the needs of the beneficiaries. As part of Grupo Bafar, Fibra Nova had the opportunity to participate in the two campaigns that took place in July and December.
GRI 302-1, 302-3, 303-3, 303-4, 305-1, 305-2, 305-4, 306-3
At Fibra Nova, we recognize that our environmental commitment is an essential component of the sustainability strategy we launched in 2021; therefore, during the year we have worked to identify and monitor the environmental impact related to our operations.
Collaboration with tenants
As a major advance in our environmental commitment, we began collaborating with our tenants to gather and compile their energy and water consumption information, as well as their emissions and waste.
Although the management of this information was done directly by the tenants as per contracts entered into with Fibra Nova, gathering their consumption information is a key step in advancing towards efficient, reliable, and truthful monitoring and reporting of these results.
Thus, the following sections detail our energy and water consumption, as well as the waste generated and the corresponding emissions based on the data gathered from our tenants. Recognizing the progress that still needs to be made, we continue to work on gathering and compiling environmental information to improve our reports in the future.
In order to carry out our operations, we consume both electricity and fuel. The identification of these consumptions will allow us to follow up specifically on the energy efficiency initiatives put in place, such as the use of insulated roofs and LED lighting, among others.
Greenhouse gas emissions
Derived from our energy consumption, we have calculated the direct (scope 1) and indirect (scope 2) emissions resulting from our operations.
- Information as of the end of December 2021.
- Scope 1 emissions were calculated in accordance with the reporting methodology of the National Emissions Registry, approved by Mexico’s Secretariat of Environment and Natural Resources (Secretaría de Medio Ambiente y Recursos Naturales, SEMARNAT for its Spanish acronym), together with the appropriate calorific values, emission factors, and global warming potentials.
- Scope 2 emissions were calculated considering Mexico’s 2021 grid emission factor (published by SEMARNAT).