I spend a lot of time in Mexico. I have probably made ten trips there in the last two years. One of the things that always impresses me is the initiatives at the state level to correct social problems. Certain private sector companies also make significant contributions to social problems.
Friday I moderated a panel at the Latin American Business and Finance Conference in Miami. One of the panelist on the corporate social responsibility roundtable was an executive from Grupo Bimbo. Bimbo, headquartered in Mexico, is one of the largest consumer products companies in Latin America and well known for their breads, cookies and confections. Bimbo is completing a wind farm in the state of Oaxaca (wa-ja-ka) that will produce sufficient electricity to power all of the Bimbo plants (20+) in Mexico.
Maybe a reader can correct me, but I cannot think of a U.S. multinational that could claim that they use renewable energy to power all their plants in the U.S..
