COFIDE
COFIDE, or Corporación Financiera de Desarrollo, is a prominent financial institution headquartered in Peru. Established in 1991, COFIDE has played a pivotal role in fostering economic development across the country, particularly in the areas of project financing and investment. With a strong presence in the Andean region, the company focuses on providing tailored financial solutions to both public and private sectors. Specialising in development banking, COFIDE offers a range of services including credit facilities, guarantees, and advisory services. Its unique approach combines financial expertise with a commitment to sustainable development, making it a key player in Peru's economic landscape. Recognised for its contributions to infrastructure and social projects, COFIDE continues to enhance its market position through strategic partnerships and innovative financing models.
DitchCarbon Score
How does COFIDE'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
COFIDE's score of 22 is lower than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
COFIDE's reported carbon emissions
In 2020, COFIDE reported total carbon emissions of approximately 514,000,000 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 252,110,000 kg CO2e, and Scope 2 emissions were around 261,890,000 kg CO2e. Notably, there were no reported Scope 3 emissions for that year. In previous years, COFIDE's emissions showed a significant increase, with Scope 1 emissions rising from about 131,600,000 kg CO2e in 2017 to 208,500,000 kg CO2e in 2019. Scope 2 emissions also increased from approximately 7,200,000 kg CO2e in 2017 to 19,740,000 kg CO2e in 2019. However, there were no Scope 3 emissions reported in 2018 and 2019. Despite these figures, COFIDE has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) reduction targets indicates a potential area for improvement in their climate commitments. As COFIDE continues to operate from its headquarters in Peru, it remains essential for the organisation to enhance its sustainability strategies and address its carbon emissions effectively.
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| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 131,600,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 7,200,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 169,000,000 | - | - | - |
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.
COFIDE is not committed to any 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.
