Cofco International Limited
Cofco International Limited, often referred to as Cofco, is a leading global agricultural and food company headquartered in Switzerland (CH). Established in 2015, it has rapidly expanded its operations across key regions, including Europe, Asia, and South America, positioning itself as a significant player in the agribusiness sector. Specialising in the sourcing, processing, and trading of agricultural commodities, Cofco International offers a diverse range of products, including grains, oilseeds, and sugar. Its commitment to sustainability and innovation sets it apart in a competitive market. The company has achieved notable milestones, including strategic partnerships and investments that enhance its supply chain capabilities. With a strong market presence, Cofco International is recognised for its dedication to quality and efficiency, making it a trusted partner in the global food supply chain.
DitchCarbon Score
How does Cofco International Limited'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 International Limited's score of 45 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cofco International Limited's reported carbon emissions
In 2023, Cofco International Limited reported total carbon emissions of approximately 2139751000 kg CO2e for Scope 1, 82540000 kg CO2e for Scope 2, and a staggering 177066483000 kg CO2e for Scope 3 emissions. This represents a significant portion of their overall carbon footprint, with Scope 3 emissions being the largest contributor. Cofco International has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 20% from 2021 levels by 2025. Additionally, they have committed to achieving net zero emissions by 2050 across all scopes. Their long-term targets include a 54.6% reduction in absolute Scope 1 and 2 GHG emissions by 2033 from a 2021 baseline, and a 32.5% reduction in Scope 3 emissions over the same timeframe. Notably, they also aim to eliminate deforestation linked to their primary commodities by 2025. In 2022, the company achieved a 20% reduction in Scope 1 and 2 emissions compared to the previous year, amounting to 2449921 tonnes CO2e. This reduction was primarily driven by decreased emissions from chartered vessels and lower natural gas consumption. Cofco International's emissions data is cascaded from its parent company, Cofco International Limited, ensuring consistency and alignment with broader corporate sustainability goals. The company is committed to transparency and accountability in its climate initiatives, reflecting its dedication to sustainable practices in the agricultural production sector.
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| 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 |
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 International Limited is participating in some 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.
