At FEMSA, we follow the highest standards of corporate governance and business ethics. We adhere to rigorous, accurate and reliable business practices for disclosing information and delivering financial transparency and accountability for all our stakeholders.
Our corporate practices comply with the laws of all countries where we operate. As a publicly-listed company in the Mexican Stock Exchange and the New York Stock Exchange, we also comply with all applicable standards, rules and regulations in Mexico and the United States, including the Mexican Securities Market Law and the U.S. Sarbanes-Oxley Act, as applicable for foreign issuers.
Additionally, we observe the recommendations of the Code of Best Corporate Practices of the Business Coordinating Council (Consejo Coordinador Empresarial).
Code of Ethics
Our Code of Ethics– which is reviewed annually – forms the basis of our corporate behavior and the foundation of our policies, guidelines and procedures for responsible business conduct. The Code establishes the fundamental principles and standards that guide our ethical behavior in relation to our shareholders, customers, suppliers, authorities, civil society organizations, the environment, communities and everyone who interacts with FEMSA. It also indicates the steps to follow for reporting any breach, conduct or practice that does not comply with our Code of Ethics and the rest of our corporate guidelines. The Code, approved by the Board of Directors, applies to members of the Board and employees in all the countries where we operate.
Likewise, we request our suppliers of goods and services to adhere to the FEMSA Suppliers’ Guiding Principles, which describe our policies and expectations for sustainability criteria, including labor rights, the environment, community and ethics and values. Our commitment is to work with all companies to increase sustainability practices along our value chain.
In addition to our annual review of the Code of Ethics, we also made public in 2020 corporate policies which constitute an essential part of our corporate governance. These mandatory policies establish the guidelines that all employees are expected to follow as part of FEMSA’s culture of respect, honesty and integrity. To comply with these policies, we have established the required internal controls to prevent, identify, investigate, sanction and remedy any possible risks of violation.
FEMSA Ethics Line
FEMSA Ethics Line
In accordance with the provisions established in our Code of Ethics, we have an Ethics Line for collaborators and stakeholders to make reports of illegal practices, inappropriate behavior and other breaches or possible breaches of our Code of Ethics and corporate policies. Our Ethics Line, which operates 24 hours a day throughout the year, is managed by an external provider that guarantees the confidentiality of the information and offers various communication channels with the possibility of reporting anonymously: telephone, website and e-mail.
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We conduct business practices in accordance with the law, in an honest and ethical manner, with zero tolerance for bribery, rejecting and fighting any act of corruption.
Human and Labor Rights Policy
We recognize that human and labor rights are the set of prerogatives based on human dignity, the effective realization of which is essential for the integral development of the person.
We carry out business practices seeking to generate the social, environmental and economic conditions necessary to operate today and grow over time in harmony with the environment.
We know, address and mitigate the risks associated with the environmental impact of energy, water and waste management use throughout the value chain of all our operations.
Community Commitment Policy
We recognize our commitment to contribute to the development of communities through our business management, which is an example of the principles and values we have practiced since our origin.