Cofra Holding Sustainability Profile
Cofra Holding AG, commonly referred to as Cofra, is a prominent player in the global footwear and apparel industry, headquartered in Switzerland (CH). Founded in 1930, the company has established itself as a leader in the production of high-quality safety footwear and workwear, catering to various sectors including construction, manufacturing, and logistics. With a strong operational presence across Europe, Asia, and the Americas, Cofra is renowned for its innovative approach to safety and comfort. The company’s core offerings include a diverse range of protective footwear and clothing, distinguished by their advanced technology and ergonomic design. Cofra's commitment to sustainability and quality has solidified its market position, making it a trusted choice for professionals worldwide.
DitchCarbon Score
How does Cofra Holding'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 Apparel Production 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
Cofra Holding's score of 30 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cofra Holding's reported carbon emissions
In 2022, Cofra Holding AG reported significant carbon emissions totalling approximately 4,000,000,000 kg CO2e. This figure includes Scope 1 emissions of about 14,000,000 kg CO2e, Scope 2 emissions of around 66,000,000 kg CO2e, and a substantial 3,975,424,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions encompass various categories, with purchased goods and services contributing approximately 2,903,347,000 kg CO2e and employee commute accounting for about 69,269,000 kg CO2e. Cofra Holding has set ambitious near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for reductions consistent with limiting global warming to 1.5°C. These targets cover 100% of its total investment and lending activities as of 2020, with a deadline for submission set for September 2023. The company is committed to addressing emissions from its operations (Scopes 1 and 2) and has established a target year of 2025 for these reductions. The emissions data reflects a comprehensive approach to climate accountability, with detailed disclosures across all relevant scopes. As a financial institution based in Switzerland, Cofra Holding is actively working towards integrating sustainability into its investment strategies, thereby contributing to broader climate goals.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 477,000 | 000,000 | 000,000 | 00,000,000 |
| Scope 2 | 470,000 | 00,000 | 00,000 | 00,000,000 |
| Scope 3 | 2,367,000 | 000,000 | 000,000 | 0,000,000,000 |
How Carbon Intensive is Cofra Holding's Industry?
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Cofra Holding's Scope 3 Categories Breakdown
Cofra Holding's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, 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 73% of Scope 3 emissions.
Top Scope 3 Categories
Cofra Holding'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.
Cofra Holding 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.
