Coca-Cola Femsa SAB de CV

Coca-Cola FEMSA provides some insight into how it governs its policy advocacy, noting that its "Code of Ethics and Institutional Relations and Public Affairs Policies establish clear principles for ethical engagement with governments, regulators, civil society organizations, and industry groups" and that these policies are "reviewed by our Board of Directors," indicating a named body with oversight. It also states that "We continuously assess our trade groups, related association memberships, and policy engagements to ensure they support responsible business practices," showing an ongoing mechanism to check the alignment of indirect lobbying through trade associations with the company's wider sustainability objectives. Together this suggests a governance framework that covers both direct engagement ("institutional relations") and indirect engagement ("trade groups, related association memberships"), and a process for monitoring them. However, the disclosure does not describe the specific procedures, frequency, or criteria used in those assessments, and it does not explicitly reference climate-related lobbying alignment or any public reporting of the results, so the depth and climate focus of the governance remain unclear.