Grupo Bafar SAB de CV

BAFARB:MM MXP100901018
Key Information
HQ:
Mexico
Market Cap:
$1.67bn
Primary Market:
LATAM



Company Information

Company Summary

Grupo Bafar SAB de CV is a Mexico-based holding company principally engaged, through its subsidiaries, in the food industry. The company operates through seven business divisions: consumption products division, which is engaged in the supply of meat, processed meats and dairy products; retail, which operates the CarneMart and BIF stores; manufacturing; logistics, active in the storage and distribution of the products; cattle trade, engaged in the breeding of cattle and which supplies BIF stores with meat; poultry division, responsible for the production and sale of poultry and eggs; and exports.
Grupo Bafar

Revenue

Total revenue:

$1.0bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type

Note: This financial breakdown is based on Annual reports released in 2022, containing, in most cases, FY2021.


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
NoNoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
Has not set SBT--

Coller FAIRR Protein Producer Index

Analysis Overview

Index-Radar-2023
Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

10/100
High Risk



Greenhouse Gas Emissions

9/100

Scope 1, 2 & 3 Target
5/100
Type of Target
0/3
Strength of Target - Non-SBT
0.25/2
Source(s): Annual Report 2022, page 9, 11, 35, 39, 40, 46, 82, 83; Grupo Bafar Sustainability Report 2021

Innovation on GHG Emission Reduction
0/100
Innovation to Reduce Agriculture Emissions
0/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s):

Quality of GHG Inventory
35/100
Quality and scope of GHG inventory Completeness
1.25/1.5
Feed & Animal Farming Emissions
0.5/2
Transparency of GHG Inventory
0/1.5
Source(s): Annual Report 2022, page 83; Sustainability Report 2021, page 55, 57

Emissions Performance
0/100
Overall Emission Performance
0/5
Source(s): Sustainability Report 2021, page 55

Climate-related Scenario Analysis
5/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.25/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Report 2022, page 35; GRUPO BAFAR SAB DE CV English.pdf, page 32, 33, 69, 70; Sustainability Report 2021, page 27



Deforestation & Biodiversity

0/100

Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Environmental Commitments

Deforestation/Conversion-free Target - Cattle
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s):

Engagement, Monitoring & Traceability - Soy for Animal Feed
0/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0/0.5
Source(s): Annual Report 2022, page 83

Engagement, Monitoring & Traceability - Cattle
0/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.5
Feed Innovation
0/0.25
Source(s): Annual Report 2022, page 13



Water Use & Scarcity

3/100

Water Use & Scarcity in Facilities
8/100
Monitoring Water Consumption & Withdrawals
0.2/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
0.2/3.25
Source(s): Sustainability Report 2021, page 57, 59

Water Use & Scarcity in Feed Farming
0/100
Supplier Engagement in Water Use in Feed Farming
0/2.5
Disclosure of Water Risks in Feed Farming
0/2.5
Source(s):

Water Use & Scarcity in Animal Farming
0/100
Supplier Engagement in Water Use in Animal Farming
0/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Annual Report 2022, page 33



Waste & Pollution

5/100

Wastewater at Facilities
14/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.48/1.5
Transparency on Water Pollution Risks
0.2/2
Performance on Wastewater Quality & Volume Discharged
0/1.5
Source(s): Sustainability Report 2021, page 57

Nutrient Management in Feed Farming
0/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s):

Manure Management in Animal Farming
0/100
Disclosure of Pollution Risks from Manure
0/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Sustainability Report 2021, page 59



Antibiotics

0/100

Policy on Antibiotics Use
0/100
Policy on Antibiotics Use
0/5
Source(s):

Disclosure of Quantity of Antibiotics Used
0/100
Disclosure of Quantity of Antibiotics Used
0/5
Source(s):



Animal Welfare

0/100

Animal Welfare Policy
0/100
Welfare Policy
0/2
Key Welfare Issues
0/3
Source(s):

Assurance & Certification
0/100
Auditing & Assurance by an Animal Welfare Organisation
0/4
Public Reporting on Welfare
0/1
Source(s):

Performance on Key Material Risks
0/100
Performance on Key Material Welfare Risks by Protein
0/5
Source(s):



Working Conditions

37/100

Human Rights
10/100
Strength of Policy
0.5/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Sustainability Report 2021, page 41

Fair Working Conditions
57/100
Policy for Direct Operations
1.6/3
Monitoring & Discosure
1.25/2
Source(s): Code of ethics p. 1-16, page 3, 9, 11, 13, 20; Code of ethics p. 17-25, page 20, 22; Sustainability Report 2021, page 39

Safety & Turnover Data
29/100
Committee representation of workers
0.25/2
Disclosure of safety and turnover data
1.18/3
Source(s): Annual Report 2022, page 64; Sustainability Report 2021, page 65, 69

Freedom of Association
53/100
Strength of Policies
1.45/3
Disclosure of Collective Bargaining Metrics
1.19/2
Source(s): Annual Report 2022, page 78, 79; Code of ethics p. 1-16, page 3, 13



Food Safety

20/100

Food Safety System
15/100
Certifications
0.75/3.5
Performance
0/1.5
Source(s): Annual Report 2022, page 76; GRUPO BAFAR SAB DE CV English.pdf, page 62, 77, 78

Product Recalls & Market Bans
25/100
Product Recall Systems
0.25/3
Performance
1/2
Source(s): GRUPO BAFAR SAB DE CV English.pdf, page 22



Sustainability Governance

20/100

Assessment of a Company's Sustainability Governance
20/100
Board Sustainability
0.75/2
Incentives & Policy Engagement
0/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Annual Report 2022, page 126, 130; Sustainability Report 2021, page 21, 37, 47



Alternative Proteins

10/100

Diversification of Products to Alternative Protein Sources
10/100
Existing product portfolio
0/2.5
Investing for future growth
0.5/2.5
Source(s): GRUPO BAFAR SAB DE CV English.pdf, page 46; Plant Based Foods Bafar International Webpage

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