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GRUPO BIMBO A

BIMBOA

Consumer Staples

1

exclusion reason

1 theme

Environmental Harm (1)
BIMBOA Consumer Staples Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Climate Intransigence
Since Mar 12, 2026

Grupo Bimbo has publicly opposed food and beverage regulations aimed at improving environmental and health standards, positioning itself alongside other transnational corporations in lobbying against such policies. The company's stated climate commitments, including a net-zero by 2050 target validated by the Science Based Targets initiative, stand in contrast to this record of political opposition to regulatory action.

However, the available evidence does not specify the exact nature of the regulations Grupo Bimbo opposed, the methods of its opposition, or the scale of its lobbying activities. This lack of detail prevents a conclusive assessment of whether the company's actions constitute active obstruction of climate policy as defined by the `climate_policy` exclusion category. Further investigation into the company's lobbying footprint, trade association memberships, and direct political engagements is required to determine if an exclusion on these grounds is warranted.

Research Sources 1 organization
Climate Transition Pathway
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.