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 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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Cofco International Limited's reported carbon emissions
In 2023, Cofco International Limited reported significant carbon emissions, totalling approximately 2139751000 kg CO2e for Scope 1, 82540000 kg CO2e for Scope 2, and a staggering 177066483000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes, which include direct emissions from owned or controlled sources (Scope 1), indirect emissions from the generation of purchased electricity (Scope 2), and all other indirect emissions (Scope 3). Cofco International has set ambitious reduction targets, committing to a 20% reduction in both Scope 1 and Scope 2 emissions from 2021 levels by 2025. Additionally, they aim for a substantial long-term reduction of 54.6% in absolute Scope 1 and 2 GHG emissions by 2033, using 2021 as the baseline year. For Scope 3 emissions, the company targets a 32.5% reduction within the same timeframe. The company has also pledged to achieve net zero emissions by 2050, demonstrating a commitment to long-term sustainability. Notably, they have reported an 8% year-on-year reduction in emissions from 2022 to 2023, primarily driven by decreased emissions from chartered vessels and reduced natural gas consumption. Cofco International's initiatives include a commitment to no deforestation across its primary deforestation-linked commodities by 2025, further underscoring its dedication to environmental stewardship.
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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.
