Coquecol
Coquecol, officially known as Grupo Coquecol, is a prominent player in the food and beverage industry, headquartered in Colorado. Founded in 1992, the company has established a strong presence across various operational regions, focusing on the production and distribution of high-quality cocoa and chocolate products. With a commitment to sustainability and innovation, Coquecol offers a diverse range of products, including cocoa powder, chocolate bars, and specialty confections, all distinguished by their rich flavours and premium quality. The company has achieved notable milestones, positioning itself as a leader in the market, recognised for its ethical sourcing practices and dedication to community development. Coquecol continues to thrive, driven by its passion for excellence and a deep-rooted connection to the cocoa industry.
DitchCarbon Score
How does Coquecol'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
Coquecol's score of 38 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coquecol's reported carbon emissions
In 2023, Coquecol reported total carbon emissions of approximately 534,818,710 kg CO2e. This figure includes 160,858,690 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 1,064,070 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. The majority of their emissions, about 372,895,950 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. Comparatively, in 2022, Coquecol's total emissions were about 562,067,160 kg CO2e, with Scope 1 emissions at 276,380,350 kg CO2e, Scope 2 at 1,238,820 kg CO2e, and Scope 3 at 284,447,900 kg CO2e. This indicates a reduction in total emissions of approximately 27,248,450 kg CO2e from 2022 to 2023. In 2021, the company reported total emissions of around 725,256,510 kg CO2e, with Scope 1 emissions at 449,931,080 kg CO2e, Scope 2 at 1,520,960 kg CO2e, and Scope 3 at 273,804,470 kg CO2e. This shows a significant decrease in emissions over the two-year period. Despite these reductions, Coquecol has not set specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi) or other climate frameworks. The emissions data is not cascaded from any parent organisation, indicating that these figures are solely attributed to Coquecol S.A. Overall, while Coquecol has made strides in reducing its carbon footprint, the absence of formal reduction commitments suggests an opportunity for further climate action and accountability.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 449,931,080 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,520,960 | 0,000,000 | 0,000,000 |
| Scope 3 | 273,804,470 | 000,000,000 | 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.
Coquecol 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.
