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 53 is higher than 73% 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 climate commitments, aiming for a reduction of its GHG emissions from operations by 11% between 2019 and 2025. Additionally, the company has committed to decarbonising its investment portfolio to achieve net-zero emissions by 2050, as part of its membership in the Net Zero Asset Owner Alliance (NZAOA) initiated in 2023. This long-term goal aligns with their near-term targets, which include a 30% reduction in Scope 1 and 2 emissions related to investments, corporate equities, and bonds by 2025, based on 2020 levels. Coface's emissions data is sourced directly from its own reporting, with no cascaded data from parent organizations. The company is actively working towards its climate goals while managing the challenges posed by 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 | 00,000 | 00,000 | 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.
Coface 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.
