COFIDES
COFIDES, or Compañía Española de Financiación del Desarrollo, is a prominent Spanish development finance institution headquartered in Madrid, Spain. Established in 1988, COFIDES plays a vital role in promoting Spanish investment abroad, particularly in Latin America, Africa, and Asia. The company focuses on providing financial support through equity and debt instruments, facilitating the international expansion of Spanish businesses. With a commitment to sustainable development, COFIDES stands out for its tailored financial solutions that cater to the unique needs of each project. Over the years, it has achieved significant milestones, including partnerships with various international financial institutions, enhancing its market position as a leader in development finance. COFIDES continues to contribute to the global competitiveness of Spanish enterprises while fostering economic growth in emerging markets.
DitchCarbon Score
How does COFIDES'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 Business Services 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
COFIDES's score of 36 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
COFIDES's reported carbon emissions
In 2023, COFIDES reported total carbon emissions of approximately 43,330 kg CO2e, comprising 9,650 kg CO2e from Scope 1 and 33,680 kg CO2e from Scope 2 emissions. This marks a reduction from 2022, where emissions totalled about 85,160 kg CO2e, with Scope 1 at 10,730 kg CO2e and Scope 2 at 74,430 kg CO2e. In 2021, COFIDES recorded significantly higher emissions, totalling approximately 92,790 kg CO2e, with Scope 1 emissions at 12,460 kg CO2e and Scope 2 at 80,330 kg CO2e. Notably, Scope 3 emissions were reported at a substantial 218,000,000 kg CO2e, indicating a significant upstream impact. Despite these figures, COFIDES has not established specific reduction targets or climate pledges, which suggests a need for further commitment to climate action. The organisation's emissions data reflects a trend of decreasing Scope 1 and Scope 2 emissions over the past few years, highlighting a potential commitment to improving sustainability practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,080 | 00,000 | 00,000 | 0,000 |
| Scope 2 | 42,720 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | 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.
COFIDES 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.
