Coface Sustainability Profile
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 53 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coface's reported carbon emissions
In 2024, Coface reported total carbon emissions of approximately 263,010,000 kg CO2e, with emissions distributed across various scopes: 2,875,000 kg CO2e from Scope 1, 1,308,000 kg CO2e from Scope 2 (market-based), and a significant 258,891,000 kg CO2e from Scope 3. The Scope 3 emissions include substantial contributions from the use of sold products (156,945,000 kg CO2e) and investments (76,658,000 kg CO2e). Coface has set ambitious reduction targets, aiming for an 11% decrease in GHG emissions from its operations (Scope 1) by 2025, based on 2019 levels. Additionally, the company targets a 30% reduction in Scope 1 and 2 emissions related to investments, corporate equities, and bonds by 2025, aligned with the Net Zero Asset Owner Alliance (NZAOA) trajectory. Furthermore, Coface has committed to achieving net-zero emissions across all scopes by 2050. The emissions data is not cascaded from any parent organization, and all figures are reported directly from Coface. The company is actively working towards its climate commitments while navigating the challenges of revenue growth and an increasing workforce.
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| 2019 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 4,941,000 | - | - | 0,000,000 |
| Scope 2 | 1,602,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 321,463,000 | 000,000 | 000,000 | 000,000,000 |
How Carbon Intensive is Coface's Industry?
How Carbon Intensive is Coface's Location?
Coface's Scope 3 Categories Breakdown
Coface's Scope 3 emissions, which increased significantly last year and decreased by approximately 19% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
Coface'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.
Coface 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.
