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 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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COFIDE's reported carbon emissions
In 2018, COFIDE reported total carbon emissions of approximately 1,049,210 kg CO2e, comprising 147,210 kg CO2e from Scope 1, 368,000 kg CO2e from Scope 2, and 534,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive assessment of their carbon footprint, including direct emissions from owned or controlled sources (Scope 1), indirect emissions from the generation of purchased electricity (Scope 2), and other indirect emissions in their value chain (Scope 3). COFIDE is a current subsidiary of Corporación Financiera de Desarrollo S.A., which influences its emissions data and climate commitments. However, there are no specific reduction targets or climate pledges documented for COFIDE, indicating a potential area for future development in their sustainability strategy. The absence of defined reduction initiatives suggests that COFIDE may need to enhance its climate action framework to align with industry standards and expectations. As the organisation continues to assess its environmental impact, establishing measurable targets could significantly contribute to its long-term sustainability goals.
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| 2017 | 2018 | |
|---|---|---|
| Scope 1 | 225,000 | 000,000 |
| Scope 2 | 261,890 | 000,000 |
| Scope 3 | 141,810 | 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 participating in any 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.
