In a recent episode of the Atlantic Council’s Experts of the Americas, Carolina Baltodano Director of Sustainability and Corporate Citizenship at CMI, Corporación Multi Inversiones, highlighted the evolution and impact of Environmental, Social, and Governance (ESG) policies in Latin America and the Caribbean.
CMI has implemented an ESG strategy that reflects its commitment to sustainable development. This strategy is grounded in its corporate values: Responsibility, Integrity, Excellence, and Respect, forming the acronym REIR (Spanish for ‘laugh’). It focuses on reducing the environmental footprint and contributing to the development of the countries where it operates.
CMI’s ESG Strategy: Pillars and Objectives
CMI’s ESG strategy centers on two main pillars: Sustainable Solutions and Sustainable Operations. These pillars range from waste management and emission reduction to human development in local communities. Additionally, the corporation strives to be a leader in renewable energy, significantly contributing to CO2 emission reduction in the region.
CMI’s Investment and Commitment to Sustainability
In 2022, CMI announced an investment of $1.8 billion for the company’s infrastructure, innovation, and social projects. This investment reflects the company’s commitment to sustainable development and its strategy to implement sustainable practices across all its operations.
Baltodano highlighted CMI’s positive impact on local communities, particularly through the Casa de Pollo Rey program, which has empowered over 800 small entrepreneurs, mostly women. She also emphasized CMI’s leadership in renewable energy, preventing the emission of approximately 1.5 million tons of CO2 in the region.
CMI’s ESG strategy, discussed by Carolina Baltodano in Experts of the Americas, reflects a deep commitment to sustainability, social responsibility, and ethical governance. By integrating these principles into its business model, CMI not only strengthens its own operation, but also significantly contributes to the sustainable development of Latin America and the Caribbean.
This strategic vision, guided by the REIR values, has its roots in 1920 when Juan Bautista Gutiérrez founded a small store in San Cristóbal Totonicapán, Totonicapán, Guatemala. This vision continued to diversify with the launch of the Molino Excelsior in 1936 and Avícola Villalobos in 1960. Today, CMI stands as a leader in promoting a more sustainable and prosperous future for the region. Under the leadership of the third family generation with Juan Luis Bosch Gutiérrez, Chairman of CMI Capital, and Juan José Gutiérrez Mayorga, Chairman of CMI Alimentos, the corporation has established itself as a benchmark in Central America and the Caribbean in terms of Environment, Society, and Governance.
