Bgf Retail
Bgf Retail, officially known as BGF Retail Co., Ltd., is a prominent player in the South Korean retail industry, headquartered in Seoul, KR. Founded in 1990, the company has established itself as a leader in convenience store operations, primarily through its well-known CU brand, which has become synonymous with quality and accessibility across the nation. With a strong presence in urban and suburban areas, Bgf Retail focuses on providing a diverse range of products, including groceries, snacks, and everyday essentials, all tailored to meet the needs of modern consumers. The company's commitment to innovation and customer service has earned it a significant market position, making it one of the largest convenience store chains in South Korea. Bgf Retail continues to expand its footprint, adapting to changing consumer preferences while maintaining its reputation for excellence in the retail sector.
DitchCarbon Score
How does Bgf Retail's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bgf Retail's score of 31 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bgf Retail's reported carbon emissions
In 2023, BGF Retail reported total carbon emissions of approximately 2,785,571,000 kg CO2e. This figure includes emissions across all three scopes: Scope 1 emissions were about 2,118,000 kg CO2e, Scope 2 emissions totalled approximately 5,945,000 kg CO2e, and Scope 3 emissions reached around 2,778,557,000 kg CO2e. Notably, the Scope 3 emissions were significantly driven by purchased goods and services, which accounted for about 2,270,431,000 kg CO2e. In the previous year, 2022, BGF Retail's emissions were approximately 546,659,000 kg CO2e for Scope 3, with Scope 1 and 2 emissions at about 1,599,000 kg CO2e and 825,000 kg CO2e, respectively. This indicates a substantial increase in emissions in 2023 compared to 2022, particularly in Scope 3. BGF Retail has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests that while the company is aware of its carbon footprint, it may not yet have formalised strategies to mitigate its emissions. This context highlights the importance of developing comprehensive climate action plans in line with industry standards to address the growing concerns around carbon emissions and climate change.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 31,509,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 9,367,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 486,624,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bgf Retail is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
