Sustainability Philosophy
Sustainability Commitment and Strategic Framework
As ALFA manages a portfolio of businesses in different sectors, it is committed to developing the Business Units’
capabilities to respond to sustainability challenges, generate a positive impact on society, and ensure long-term growth.
Each Business Unit, based on its sector, determines its material issues, goals to be met, as well as the initiatives and programs to be integrated into their business strategies. They also have specialized teams within their organizations for internal management, evaluation, and reporting.
Sustainability Model
based on and supported by the company’s values. The model centers around four pillars:
Internal Wellness
Provide health, safety, and whole-person development opportunities for employees.
COMMUNITY
ENVIRONMENT
An ongoing objective is reducing emissions to minimize the environmental footprint of our operations.
Economics
Materiality and Goals
ALFA and its Business Units perform a materiality analysis that meets the Global Reporting Initiative (GRI) standards and the standards of their specific sectors. The results allow us to adapt our programs and strengthen our sustainability management by better understanding the trends and expectations of our stakeholders, as well as complying with reporting standards such as SASB and TCFD, among others.
Relevant sustainability topics related to the “Unlocking Value” business strategy, from the last review conducted in 2021-2022:
1. ESG strategy and risk management
2. Corporate governance with a sustainable approach
3. Transparency, veracity and relationship with investors
4. Human rights, diversity, equity and inclusion
9. Water management
10. Involvement with the value chain
11. Innovation
2. Corporate governance with a sustainable approach
3. Transparency, reliability, and investor relations
4. Human rights, Diversity, Equity, and Inclusion (DEI)
5. Social impact
6. Climate change strategy: energy efficiency and emissions
7. Employee well-being, safety, and development
8. Circularity approach
9. Water management
10. Value chain involvement
11. Innovation
Materiality and Goals of Business Units
As the Business Units operate in different sectors, each has defined its own materiality analysis showing the most
relevant issues by sector.
All three Business Units conducted updates to their material issues between 2020 and 2021, following similar processes
that included:
- Research on key trends in each sector
- Aspects relevant to stakeholders
- Global ESG standards
- Gathering internal team opinions to help prioritize and set goals
In addition, the Business Units have worked on a series of ambitious strategic goals that define the direction of our
efforts and reiterate our commitment to sustainability. Below is a summary of these goals:
Reports and Relevant Documents
ALFA shares reports and documents with information on initiatives and the progress of sustainability issues
throughout the organization.
ESG Performance
Results from ALFA and its Business Units’ main ESG indices and reporting methodologies.
Indices and ESG Questionnaires | ALFA | Sigma | Alpek |
|---|---|---|---|
S&P/BMV | Within index | – | Within index |
S&P CSA | 37 | 42 | 59 |
CDP Climate change/Water | B/B | B/B | B/B- |
MSCI | BB | – | BB |
Global Compact | Timely response provided | – | Timely response provided |
