Cofco
Cofco, officially known as China National Cereals, Oils and Foodstuffs Corporation, is a leading player in the global agribusiness sector, headquartered in Switzerland (CH). Founded in 1949, Cofco has evolved into a major force in the agricultural supply chain, with significant operations across Asia, Europe, and the Americas. The company focuses on various business areas, including grain trading, oilseed processing, and food production, offering a diverse range of core products such as grains, oils, and processed foods. Cofco's commitment to quality and sustainability sets it apart in a competitive market. With a strong market position, Cofco has achieved notable milestones, including strategic acquisitions and partnerships that enhance its global reach and operational efficiency. As a trusted name in the agribusiness industry, Cofco continues to drive innovation and growth in food supply and distribution.
DitchCarbon Score
How does Cofco'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 Food Product Manufacturing 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
Cofco's score of 42 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cofco's reported carbon emissions
In 2023, COFCO International reported significant carbon emissions, totalling approximately 2,139,751,000 kg CO2e. This figure includes 2,139,751,000 kg CO2e from Scope 1 emissions, 82,540,000 kg CO2e from Scope 2, and 177,066,483,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 54.6% by 2033, using 2021 as the base year. Additionally, COFCO plans to cut its Scope 3 emissions from purchased goods and services, as well as upstream and downstream transportation and distribution, by 32.5% within the same timeframe. Notably, COFCO has also committed to reducing its Scope 1 emissions related to its flagship products by 39.4% and aims for a 58% reduction in Scope 3 emissions per tonne of soybean, alongside a 45% reduction per tonne of maize, all by 2033. Furthermore, the company has pledged to achieve no deforestation across its primary deforestation-linked commodities by 2025. These targets align with industry standards and reflect COFCO's commitment to addressing climate change and reducing its carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 609,131,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 104,903,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 135,541,000 | 00,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000,000 | 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.
Cofco is committed to some 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.
