Grupo Bimbo is aiming to become the first bakery company in the US to source 100% of its energy from renewable sources and aims to achieve this ambition by 2020.
The company estimates that this agreement – which will come into effect in 2019 – will reduce CO2 emissions by 260,000 tons annually, and mean that Grupo Bimbo sources approximately 75% of its energy from renewable sources.
The partnership will help fund the construction of a new wind farm in Santa Rita East, Texas, which will be operated and owned by Invenergy.
This represents the second major renewable energy commitment Grupo Bimbo has made in the last few months, as the group opened a new solar power facility in Mexico in February.
Daniel Servitje, chairman and CEO of Grupo Bimbo said: “We are excited to partner with Invenergy in order to help reduce greenhouse gas emissions across the US.
“We strive to be leaders in sustainability – it is part of our Purpose of building a sustainable, highly productive, and deeply humane company – and decreasing our environmental footprint is one of our primary goals.”
Invenergy’s founder & CEO Michael Polsky added: “This agreement is a great example of how companies across all industries can view renewable energy as beneficial for both the environment and business.
“Grupo Bimbo is one of the organizations leading the way for sustainability in the baking industry, and as Invenergy continues to lead the way to a clean energy future, we are proud to help expand their commitment to using renewable energy on a global level.”