Double materiality, the 2030 “Flavors that Transform” Sustainable Strategy and the management of energy, water, emissions and waste.
At Grupo Bafar we began the materiality process in 2021, and in 2024 we carried out our first update, incorporating double materiality.
At Grupo Bafar, sustainability, transparency and accountability are fundamental pillars of our business. Double materiality has therefore become a key tool to guide our decision-making, strengthen relationships with our stakeholders and move toward a more integrated sustainability strategy, aligned with market expectations and disclosure best practices.
As part of our commitment to continuous improvement, for 2026 we plan to carry out a new update of our double materiality study, aiming to reinforce its alignment with applicable standards and frameworks, including GRI, SASB, IFRS S1 and IFRS S2, among others.
Double materiality takes into account two perspectives that are crucial for comprehensive decision-making:
Assesses how risks and opportunities may influence the company’s financial position, economic performance, cash flows and access to financing. We examine factors both within our direct control and those linked to key business relationships, such as dependence on natural and human resources.
Focuses on how our company’s operations affect people, the environment and society as a whole. It considers both positive and negative effects, whether actual or potential, and assesses factors such as the magnitude, scope and irreversibility of these impacts.
For Grupo Bafar, this dual perspective allows us to better understand and address challenges, while unlocking opportunities to create long-term value both for our business and for the communities we serve.
Grupo Bafar operates in several industries, including the agro-industrial, real estate, financial, game-hunting and insurance sectors. To ensure effective governance across this broad portfolio, we use the Double Materiality approach as a comprehensive framework to guide our sustainability strategy and make informed, transparent decisions. This process underscores our role as responsible stewards of both our business and the environment.
Internal and external stakeholders: shareholders, customers, employees, community, financial institutions and suppliers.
We work with reference to the GRI and SASB standards.
Information gathering through surveys and sector analysis.
The ESG Committee reviews and prioritizes the topics identified.
Insights from the materiality study feed into decision-making processes, bridging sustainability, operational planning and governance.
The Double Materiality assessment allowed us to identify and prioritize the following material topics across the environmental, social, governance and food responsibility dimensions:
Climate change
Compliance with environmental law and regulation
Best labour practices
Healthy and affordable food
Product innovation
Business ethics
Corporate governance
Grupo Bafar’s diverse portfolio benefits from our double materiality approach on several levels:
We focus on sustainable food production through the responsible use of resources and innovative practices in meat and dairy production.
Development of environments that meet modern sustainability and well-being standards.
Use of data-driven approaches to manage global financial risks while maintaining high ethical standards.
Exploration of innovative financial instruments to insure and grow sustainability initiatives.
Through Double Materiality we reaffirm the importance of transparency and continuous improvement. Our mission is not only to meet today’s expectations but also to lead by example, creating a path toward a balanced and sustainable future for the generations to come.
At Grupo Bafar, every step we take has a purpose and, through approaches such as Double Materiality, we commit to continue driving change with measurable impact for our business, our stakeholders and the world.
Grupo Bafar reaffirms its commitment to comprehensive sustainable development through a strategy structured around three key pillars that reflect our essence and vision for the future, integrating ESG (Environmental, Social and Governance) principles. With innovative actions, responsible practices and a focus on quality and well-being, we move toward a more balanced and prosperous destination for all.
Pillar 1. Sustainable future
Objective: Preserve natural wealth by reducing environmental impact and leading innovative sustainability practices across our sectors.
Increase renewable energy coverage across properties through new technologies.
Improve solar energy capture and use.
Increase the capacity of water treatment facilities.
Pillar 2. Life and people
Objective: Promote the well-being of people and communities through better work environments, social justice and access to healthy, affordable products.
Maintain and improve employee development through training programs.
Expand the impact of Fundación Grupo Bafar in vulnerable communities.
Increase volunteer work commitment in communities.
Expand the delivery of complete meals to families in need.
Pillar 3. Transparent leadership
Objective: Manage every operating area with integrity and transparency, consolidating ourselves as a benchmark in corporate ethics and effective governance.
ESG training is essential to continue driving sustainable and responsible practices at every level of the organization. It is important to us that our team stays up to date on environmental, social and governance matters, ensuring these considerations are part of decision-making and our corporate culture.
Women’s participation on the technical committee is essential for more inclusive and balanced decisions, as it brings different perspectives and experience. At Grupo Bafar we seek to ensure female participation on our technical committee stays above the established level.
An independent technical committee is key to better decision-making, as it brings greater transparency and experience while helping to avoid conflicts of interest. At Grupo Bafar, maintaining a high level of independence is a priority, so we aim to keep it above 50%.
Our goal is to ensure all executives receive ongoing training aligned with the code of ethics, so that all members follow the same principles of integrity and respect.
Diversity in leadership positions is key to a stronger, more equitable organization. We aim to keep their representation above 40%, ensuring that talent and capability are always the main drivers of growth within the company.
At Grupo Bafar our goal is to promote an inclusive environment where everyone, regardless of background, gender or experience, has the same opportunities to grow and contribute.
With the “Flavors that Transform” strategy, Grupo Bafar integrates its legacy into a vision blending innovation, sustainability and responsible leadership. We reaffirm our position as a company that puts collective well-being and environmental conservation alongside unmatched quality. Let us move together toward a cleaner, more ethical and more equitable future.
We generate jobs nationally and internationally.
Collection center, gathering and delivering more than 14 million food packages nationwide, benefiting more than 3.2 million families in Mexico.
All our employees have decent salaries and benefits. We deliver various training sessions throughout the year. We run Socio-Sports Schools for more than 30 thousand children and young people. Medical Days, benefiting free of charge more than 16,500 people without medical services.
Universidad Bafar offers courses designed for our employees to develop and apply management skills inspired by their leaders. More than 56% of employees have taken these opportunities to boost their professional growth.
The Equity and Inclusion policy was redefined, focusing on the areas most important to our employees. In addition, we reduced the gender pay gap.
We continue to innovate in our systems, reducing and reusing litres of water in our production stages.
Our B-Energy power plant, and our efforts to keep installing solar panels at various stores and facilities.
Universidad Bafar also runs the “Managerial Talent Development” program, which develops employees’ work skills to empower them in their positions and open the door to new roles.
We installed solar panels at various CarneMart stores across the country, added mechanisms to reduce water use and built our production plants, Planta Chihuahua and Planta La Piedad, the Group’s main production source.
Through Fundación Grupo Bafar we develop programs supporting the development of families and children, creating opportunities for all who need them.
Together with Fibra Nova, improvements have been implemented in our properties to reduce energy and water consumption. These properties hold EDGE certification, which endorses their sustainability.
Our core business is the production of meat and dairy products, so we innovate daily in our production chain, facilities and products.
All our environmental efforts aim to limit the global temperature increase to 1.5 °C or less: solar panels, irrigation systems to improve water and effluent use, among others.
There are initiatives for water system efficiency and dry toilets at Grupo Bafar facilities.
We run the “Wildlife Conservation” project, where across 48 thousand hectares of UMA land we keep various species under natural conservation to prevent their extinction. We also innovate in product packaging, reducing plastic in certain packs.
We have a wide variety of policies and regulations governed by peace and justice, and our stakeholders follow these guidelines to continue working with us.
Over the years we have formed alliances with various non-profit institutions to take our ESG plans even further.
We drive initiatives aimed at protecting wildlife, managing more than 48 thousand hectares across several properties registered as Wildlife Conservation Management Units (UMA). Together with the “El Álamo” and “Santa Anita” ranches, recognized as UMAs by SEMARNAT, we have developed alternative productive schemes that keep operations running while strengthening the conservation of flora and fauna.
As part of these efforts, we have allocated significant resources to soil conditioning, the designation of 1,500 hectares as land reserves and the installation of infrastructure such as feeders and drinkers. We also have specialized technical support in the nutritional, sanitary and reproductive care of the species, helping to promote their reproduction and conservation.
An artiodactyl mammal of the Bovidae family, native to North America. The bighorn sheep has great ecological, cultural, economic and social importance in Mexico, as well as being a symbol of Mexican wildlife.
Known in Mayan as ceh, it is an artiodactyl mammal of the Cervidae family. It is one of the most widely distributed deer in the Americas, ranging from Canada to northern South America.
Also known as the wild turkey, it is a galliform bird native to North America. In Mexico it is an emblematic species both for its cultural value and its ecological importance. It mainly inhabits pine-oak forests but is also found in xerophilous scrub and low deciduous forest.
Also known as the American antelope, it is an artiodactyl mammal endemic to North America. The pronghorn mainly inhabits arid and semi-arid areas of northern Mexico.
Also known as saíno or báquiro, it is an artiodactyl mammal of the Tayassuidae family, native to the Americas. It has a wide distribution from the southern United States to northern Argentina. In Mexico it is found in almost the entire country, except the Baja California peninsula.
The food industry, and especially the meat industry, is highly energy-intensive. We therefore set out to install solar panels at all our CarneMart businesses across Mexico, to reduce energy use at each of our stores.
Within our facilities we brought the B-Energy plant into operation, a power station that uses natural gas as its generation source; this energy source produces up to 50% less CO₂ compared with coal and around 30% less than oil in electricity generation.
Energy efficiency
| Electricity consumption (kWh) | 2024 | 2025 |
|---|---|---|
| Grupo Bafar | 163,720,699.15 | 171,151,420.00 |
| Agro-industrial | 13,728,198.00 | 12,242,263.00 |
| Other businesses | 359,405.45 | 242,483.00 |
| Bafar Alimentos* | 149,633,095.70 | 158,666,674.00 |
| Fibra Nova** | 72,375,092.00 | 61,648,593.00 |
| Gasoline consumption (L) | 2024 | 2025 |
|---|---|---|
| Grupo Bafar | 4,521,090.87 | 4,645,653.14 |
| Agro-industrial | 224,407.04 | 143,117.36 |
| Other businesses | 154,509.30 | 155,141.44 |
| Bafar Alimentos* | 4,142,174.53 | 4,347,394.35 |
| Fibra Nova** | 903.00 | 4,338.00 |
| Diesel consumption*** (L) | 2024 | 2025 |
|---|---|---|
| Grupo Bafar | 2,871,432.02 | 2,636,436.06 |
| Agro-industrial | 269,500.00 | 13,472.99 |
| Other businesses | 11,030.96 | 7,919.00 |
| Bafar Alimentos* | 2,590,901.06 | 2,615,044.07 |
| Fibra Nova** | 20,918.00 | 0.00 |
| LP gas consumption (L) | 2024 | 2025 |
|---|---|---|
| Grupo Bafar | 332,839.00 | 93,044.68 |
| Agro-industrial | 3,620.00 | 8,000.00 |
| Other businesses | 0.00 | 0.00 |
| Bafar Alimentos* | 329,219.00 | 99,170.20 |
| Fibra Nova** | 0.00 | 382.14 |
| Natural gas consumption (m³) | 2024 | 2025 |
|---|---|---|
| Grupo Bafar | 408,349.34 | 336,637.00 |
| Agro-industrial | 0.00 | 0.00 |
| Other businesses | 0.00 | 0.00 |
| Bafar Alimentos* | 408,349.34 | 336,637.00 |
| Fibra Nova** | 1,134,821.70 | 1,272,966.54 |
* The Bafar Alimentos division comprises: Consumer, Retail, International and Plants.
** Fibra Nova’s consumption is considered indirect for the Group, as it stems from tenants’ operations in its properties.
*** Figures for the annual cycle reported by each business unit.
As part of our efforts to improve water efficiency, we have incorporated automated re-pumping pumps in our agricultural fields. This strengthens the management of water used in irrigation, contributing to more efficient application of the resource and better operation of the installed systems.
During 2025 we continued advancing the modernization and conversion of our irrigation systems, aiming to reduce water consumption and improve application efficiency. In the March–October 2025 cycle, the volume applied was 8,456,360 m³, compared with 9,315,930 m³ in 2024. Consumption per hectare fell from 9,996 m³/ha in 2024 to 9,073 m³/ha in 2025. At period end we had 932 hectares under various irrigation systems: drip, micro-sprinkler and sprinkler.
In addition, we use sensors, moisture solenoid valves and weather monitoring tools to adjust irrigation system operation according to soil and climate conditions. This information allows us to make more precise decisions on water application, optimize agricultural yields and move toward more efficient water management. Going forward, we will continue converting irrigation systems and modernizing a larger agricultural area.
932 hectares under modernized irrigation
We have a well-based water extraction system, backed by an advanced monitoring mechanism that ensures responsible use of the water resource. We have also implemented specialized sensors that precisely measure aquifer levels and movements, as well as the amount of water extracted in each cycle. These sensors collect real-time data on the volume of water used and the decline in water tables, making it easier to adjust operations and prevent over-extraction.
We have an efficient automated storage and management system for our water supply. The Group’s storage tanks are equipped with ultrasonic sensors that monitor filling and emptying levels in real time. These sensors coordinate with the wells, automatically switching them on or off according to demand, ensuring optimal distribution of the resource.
We have 2 wastewater treatment facilities, one in Chihuahua and the other in Michoacán. They focus on recovering effluent water from continuous ovens, the kitchen area and the breading area, recovering an average of 30% of the water used. At Grupo Bafar we promote responsible water use through initiatives that optimize consumption, such as cooling towers at our facilities.
Water by business unit
| 2024 | Consumption m³ · Groundwater | Consumption m³ · Third party (municipal) | Discharge m³ · Third party (municipal) | Treated m³ · Treated water |
|---|---|---|---|---|
| Agro-industrial | 15,929,681 | — | — | — |
| Bafar Alimentos* | 925,571 | 85,145 | 841,372 | 423,328 |
| Grupo Bafar | 16,855,252 | 85,145 | 841,372 | 423,328 |
| Fibra Nova** | — | 116,855,252 | — | — |
| 2025 | Consumption m³ · Groundwater | Consumption m³ · Third party (municipal) | Discharge m³ · Third party (municipal) | Treated m³ · Treated water |
|---|---|---|---|---|
| Agro-industrial | 29,936,921 | — | — | — |
| Bafar Alimentos* | 953,571 | 32,749 | 884,865 | 493,008 |
| Grupo Bafar | 30,890,492 | 32,749 | 884,865 | 493,008 |
| Fibra Nova** | — | 180,582 | — | — |
* The Bafar Alimentos division comprises: Consumer, Retail, International and Plants.
** Fibra Nova’s consumption is considered indirect for the Group, as it stems from tenants’ operations in its properties.
*** We follow SEMARNAT’s official NOM-001 parameters to comply with water discharge requirements.
At Grupo Bafar, our scope 1 and 2 emissions, unlike other businesses, are defined as follows: scope 1 corresponds to direct emissions from livestock-related processes in our agro-industrial division, as well as from fuel consumption in our operations.
Scope 2 refers to indirect emissions generated by electricity consumption at our facilities and production processes. Understanding this distinction allows us to manage our carbon footprint more efficiently, implementing strategies to reduce our environmental impact and strengthen our commitment to sustainability.
Scope 1 emissions were calculated using the National Emissions Report methodology approved by SEMARNAT, together with the corresponding calorific values, emission factors and global warming potentials.
Scope 2 emissions were calculated using the national grid emission factor published by SEMARNAT for 2024 and 2025.
Emissions from the operations of Fibra Nova’s tenants are included as scope 3.
Every day people consume millions of products with plastic packaging, which is why at Grupo Bafar we set out to innovate in our packaging system and the materials we use. As a result, we reduced material consumption by lowering packaging weight and generating less waste from our products.
Nevertheless, the waste we generate is divided into non-hazardous and hazardous waste, and we continue working on strategies to reduce its impact. Our various business units generate a wide variety of waste, including plastics, food products unfit for sale and materials classified as hazardous.
To guarantee efficient and responsible handling, we have implemented strict procedures for managing special-handling and hazardous waste. At our facilities we carry out meticulous separation of special-handling waste using specific containers for general refuse, cardboard and plastic, which are collected by an authorized supplier. This supplier provides us with monthly certified manifests, ensuring transparency and traceability in the process.
As for hazardous waste such as oils, filters and contaminated rags, these are stored in a designated area within our general warehouse, with access restricted to authorized personnel. We also work with a company specialized in the safe transport and disposal of these materials, guaranteeing their proper handling and reducing environmental impact.
