Cofco International Limited Sustainability Profile
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 70% 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 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, they target a 32.5% reduction within the same timeframe. The company has also pledged to achieve net zero emissions by 2050, aligning with global sustainability trends and national strategic guidance. Notably, they are committed to no deforestation across their primary deforestation-linked commodities by 2025, further demonstrating their dedication to environmental stewardship. Cofco International's emissions data is cascaded from its parent organization, ensuring a comprehensive approach to sustainability across its operations.
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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 |
How Carbon Intensive is Cofco International Limited's Industry?
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Cofco International Limited's Scope 3 Categories Breakdown
Cofco International Limited's Scope 3 emissions, which increased significantly last year and increased significantly since 2017, 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 "Purchased Goods and Services" being the largest emissions source at 86% of Scope 3 emissions.
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Cofco International Limited'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.
Cofco International Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Cofco International Limited's sustainability data and climate commitments