Coface
Coface, officially known as Compagnie Française d'Assurance pour le Commerce Extérieur, is a leading global provider of credit insurance and risk management solutions. Headquartered in France, Coface operates extensively across Europe, Asia, and the Americas, serving a diverse clientele in various industries. Founded in 1946, the company has achieved significant milestones, including its expansion into emerging markets and the development of innovative digital tools for risk assessment. Coface's core offerings include credit insurance, trade receivables management, and debt collection services, distinguished by their comprehensive risk analysis and tailored solutions. With a strong market position, Coface is recognised for its expertise in helping businesses mitigate risks and enhance their financial stability. The company’s commitment to customer service and its robust global network further solidify its reputation as a trusted partner in the credit insurance industry.
DitchCarbon Score
How does Coface'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 Financial Intermediation 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
Coface's score of 14 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Coface's reported carbon emissions
In 2023, Coface reported total carbon emissions of approximately 59,000,000,000 kg CO2e, with specific emissions of about 1,228,000 kg CO2e from Scope 2 (purchased electricity) and around 50,000 kg CO2e from Scope 3 (business travel). This marked a significant increase in total emissions compared to 2022, where they reported approximately 1,469,000 kg CO2e for Scope 2 and 25,000 kg CO2e for Scope 3. Coface has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further clarity on their long-term climate goals and actions. As a global leader in credit insurance, Coface's emissions profile reflects the broader industry context, where financial services are increasingly scrutinised for their environmental impact.
Unlock detailed emissions data
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 1,469,000 | 0,000,000 |
| Scope 3 | 25,000 | 00,000 |
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.
Coface is not committed to any reduction initiatives 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.
