Bgf Retail Sustainability Profile
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 36 is higher than 58% 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 123,800 kg CO2e, comprising 47,100 kg CO2e from Scope 1 and 76,700 kg CO2e from Scope 2 emissions. This data reflects the company's ongoing commitment to transparency in its environmental impact. In 2022, Bgf Retail's emissions were significantly higher, with total emissions reaching about 552,782,000 kg CO2e, including 31,509,000 kg CO2e from Scope 1, 9,367,000 kg CO2e from Scope 2, and 552,782,000 kg CO2e from Scope 3 emissions. The substantial Scope 3 emissions indicate a need for further assessment and action in this area. Despite the lack of specific reduction targets or initiatives disclosed, Bgf Retail's emissions data shows a focus on managing Scope 1 and 2 emissions. The company has not reported any Science-Based Targets Initiative (SBTi) reduction targets or significant climate pledges, suggesting an opportunity for enhanced climate commitments moving forward. Overall, Bgf Retail's emissions data highlights the importance of continued efforts in carbon management and the potential for setting ambitious reduction targets to align with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 31,509,000 | 00,000,000 | 00,000,000 | 00,000 |
| Scope 2 | 9,367,000 | 00,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 15,107,000 | 000,000,000 | 000,000,000 | - |
How Carbon Intensive is Bgf Retail's Industry?
How Carbon Intensive is Bgf Retail's Location?
Bgf Retail's Scope 3 Categories Breakdown
Bgf Retail's Scope 3 emissions, which increased by 19% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 4% of Scope 3 emissions.
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Bgf Retail's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bgf Retail has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
