In 2022, ALFA reinforced its commitment 
to sustainability by promoting world-class 
practices and procedures, as well as establishing 
responsible goals in its Business Units, aligned 
with international objectives and initiatives.

(1)	Science Based Targets initiative: is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wildlife Fund. Since 2015 more than 1,000 companies have joined the 
initiative to set a science-based climate target in line with the Paris Agreement.
As part of its commitment to development and responsible administration, ALFA integrates sustainability into its 
corporate guidelines to promote effective management in each Business Unit.
Each subsidiary establishes strategies, goals, programs and projects that cover the environmental, social and 
governance impacts both in its operations and across its value chain, considering the perspective of the various 
industries in which it operates.
2022 ACHIEVEMENTS
SIGMA
Established its 
Integrated Water 
Management Strategy 
and reduced its usage 
per ton produced by 
14% compared to 2021.
ALPEK
The Science Based 
Targets initiative(1) 
approved Alpek’s 
emissions reduction 
target for 2030.
ALFA
Defined the compre-
hensive Diversity, 
Equity, and Inclusion 
strategic framework.
AXTEL
Updated its Materiality 
Analysis and created 
the Sustainability 
Steering and Operating 
Committees. 
ALFA FUNDACIÓN
First generation of 
47 ALFA Fundación 
students graduated 
from university.
GRI 2-24
2 0 2 2  A L F A  A N N U A L  R E P O R T

Mission
Become a source of pride for our workers and shareholders; 
exceed stakeholder expectations through leadership, innovation 
and long-term exceptional performance.
Vision
ALFA’s commitment to its stakeholders:
Shareholders: Achieve outstanding long-term value creation through 
profitable growth, optimization of the portfolio, and selective investment in 
new opportunities.
Collaborators: Be a great place to work. Attract and develop the best talent, 
motivating them to achieve their full potential.
Customers: Exceed expectations through superior experiences and 
innovative offerings.
Suppliers: Build long-lasting, mutually beneficial relationships.
Community:  Encourage safe and sustainable operations. Contribute to the 
development of our communities.
Values
Integrity: Our actions are governed by our commitment 
to ethical conduct and social responsibility.
Respect and Empathy: We consider diversity as a strength. We seek to 
incorporate individuals with different backgrounds and experiences. We 
aspire to provide a work environment that promotes trust and cooperation.
Results-oriented: We are committed to value creation and the continuous 
improvement of our businesses. All our collaborators embody a personal 
commitment to improving the performance of the company.
Innovation and Entrepreneurial Approach: Encourage and reward 
innovation and development of new business opportunities.
Customer Focus: Committed to exceed our clients’ needs. 
Philosophy
and Strategy
GRI 2-23
ALFA’s ethical work philosophy, focused on efficiency and excellence, 
is the base for establishing conditions for the employees’ well-being 
and development, promoting responsible decision-making and 
meeting the needs of its key stakeholders. 
2 0 2 2  A L F A  A N N U A L  R E P O R T

OUR 
COMMUNITY
To be a responsible 
citizen to generate 
positive impact 
and promote the 
development of the 
communities in which it 
participates. 
ENVIRONMENT
To control and 
reduce emissions 
into the air, soil, and 
water to minimize 
its operations’ 
environmental 
footprint. 
INTERNAL WELLNESS
To provide health, safety, 
and integral development 
opportunities for collaborators.
ECONOMY
To obtain an adequate 
return on the business for 
shareholders, considering the 
investment and risk assumed. 
ALFA has established four 
pillars in a model that serves 
as the base for guidelines, 
initiatives, and progress in its 
sustainability strategy.
Sustainability 
Model
GRI 2-22
2 0 2 2  A N N U A L  R E P O R T

IMMEDIATE 
ATTENTION
Materiality    
and Goals
GRI 3-1, 3-2
ALFA and its Business Units conduct their materiality analyses 
aligned with the frameworks and principles of GRI, SASB, 
and TCFD, among others(2), to identify the environmental, 
economic, social, and governance topics that should be 
considered in their strategies. These issues are prioritized 
and ranked based on the level of risk and opportunities they 
may represent for sustainable management.
The process considers internal and external stakeholders’ 
views, an industry-wide assessment, as well as key global 
sustainability trends and challenges.
In 2022 ALFA updated its consolidated materiality analysis, 
considering its Business Units’ materiality analyses in the 
current context. As a result, the new matrix shows 11 relevant 
topics.
ALFA organized its material topics based on i) immediate 
attention and high priority, and ii) level of governance and 
operability.
Even though all topics are highly relevant, their 
management approach is different. ALFA establishes 
guidelines as a reference to ensure sustainable business 
behavior. The subsidiaries, in turn, develop operating 
strategies to identify their risks and mitigate their 
operations’ environmental, social and governance impacts.
(2) GRI: The Global Reporting Initiative is an international, non-governmental organization that develops standards for measuring and communicating the social, economic and environmental impacts of companies and institutions.
SASB: The Sustainability Accounting Standards Board is an independent organization that sets standards to guide the disclosure of economically relevant sustainability information by companies to their investors. 
TCFD: The Task Force for Climate-related Financial Disclosures is a group formed at the request of the G20, which seeks to get companies to report their financial impacts related to climate change, as well as related risk mitigation actions. 
ALFA’s materality matrix
RELEVANCE FOR STAKEHOLDERS
IMPACT ON ALFA
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
10%
20%
30%
40%
50%
6
Climate change 
strategy: energy 
efficiency and 
emissions
7
Employee well-
being, safety, and 
development
8
Circularity approach
9
Water 
management
10
Value chain 
involvement
11
Innovation
CORPORATE
BUSINESS UNITS
SUSTAINABILITY 
HIGH
PRIORITY
1
ESG strategy 
and risk 
management
2
Corporate 
governance 
with a 
sustainable 
approach
3
Transparency, 
reliability, and 
investor relations
4
Human rights, 
Diversity, Equity and 
Inclusion (DEI)
5
Social impact
IMMEDIATE 
ATTENTION
HIGH
PRIORITY
Remained unchanged
Reclassified
New and/or more relevant topics for reporting
1
ESG strategy and risk management
2
Corporate governance with a 
sustainable approach
3
Transparency, reliability, and 
investor relations
4
Human rights, Diversity, Equity, 
and Inclusion (DEI)
5
Social impact
6
Climate change strategy: energy 
efficiency and emissions
7
Employee well-being, safety, and 
development
8
Circularity approach
9
Water management
10
Value chain involvement
11
Innovation
60%
70%
80%
90% 100%
10
11
1
8
6
3
9
2
5
7
4
2 0 2 2  A L F A  A N N U A L  R E P O R T

ALFA
ALPEK
SIGMA
AXTEL
ENVIRONMENTAL
•	Climate change strategy: energy 
efficiency and emissions
•	Carbon emissions and                             
energy ecoefficiency
•	Climate action
•	Energy and emissions
•	Clean and efficient energy
•	Circularity approach
•	Pollution
•	Circularity
•	Circular economy and sustainable packaging
•	Zero food waste
•	Circular economy and e-waste
•	Water management
•	Water management
•	Water management
SOCIAL
•	Value chain involvement
•	Customer and supplier relations
•	Sustainable sourcing and value chain 
management
•	Customer privacy
•	Operational resilience
•	Integrating ESG aspect in supplier evaluations
•	Employee well-being, safety, and 
development
•	Occupational health and safety
•	Health, safety, well-being and work-life balance
•	Employee training and development
•	Organizational culture and work environment
•	Employee health & safety
•	Talent attraction & retention
•	Employee training & education
•	Human rights, Diversity, Equity, and 
Inclusion (DEI)
•	Diversity, Equity, and Inclusion (DEI)
•	Diversity, equal access to opportunities, and 
inclusion
•	Diversity and inclusion
•	Respect for and promotion of Human Rights
•	Social impact
•	Community engagement
•	Healthy and nutritious products
•	Food safety and quality
•	Food donation
•	Commitment to the community
•	Digital inclusion
•	Cybersecurity
•	Network quality and reliability
GOVERNANCE
•	ESG strategy and risk management
•	Active ESG risk management
•	Cybersecurity
•	Economic performance
•	Risk management
•	Information security
•	Having environmental policies
•	Corporate governance with a 
sustainable approach
•	Corporate governance with a sustainable 
approach
•	Ethics and Integrity
•	Ethics, anti-corruption and values
•	Transparency, reliability, and investor 
relations.
•	Innovation
•	Innovation
•	Innovation, research, development, and 
scientific collaboration
•	Product and services innovation
ALFA and its Business Units’ materialities are interconnected as shown in the following chart:
2 0 2 2  A L F A  A N N U A L  R E P O R T