SOCFIN Group Sustainability Profile
SOCFIN Group, officially known as Société Financière des Caoutchoucs, is a prominent player in the agricultural sector, headquartered in Luxembourg (LU). Established in 1909, the company has built a strong reputation in the cultivation and processing of rubber and palm oil, primarily operating in West and Central Africa, as well as Southeast Asia. With a commitment to sustainable practices, SOCFIN Group offers high-quality products, including natural rubber and palm oil, distinguished by their adherence to environmental and social standards. The company has achieved notable milestones, such as certifications for sustainable production, positioning itself as a leader in the industry. Through its innovative approach and dedication to sustainability, SOCFIN Group continues to strengthen its market presence and contribute to the global agricultural landscape.
DitchCarbon Score
How does SOCFIN Group'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 Salt and Mineral Mining 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
SOCFIN Group's score of 35 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SOCFIN Group's reported carbon emissions
In 2023, SOCFIN Group reported total carbon emissions of approximately 181.6 million kg CO2e, with emissions distributed across various scopes. The breakdown includes about 30.0 million kg CO2e from Scope 1, approximately 4.0 million kg CO2e from Scope 2, and around 147.6 million kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions include significant contributions from purchased goods and services. SOCFIN Group has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 30% from a 2020 baseline by 2030. Additionally, the company targets a near-zero reduction in Scope 1 emissions by the middle of this decade. For Scope 2 emissions, SOCFIN also commits to a 30% reduction from the 2020 baseline by 2030, with a similar near-zero target by 2025. The emissions data for SOCFIN Group is cascaded from its parent company, Socfinasia S.A., reflecting the group's commitment to sustainability and climate action. The company is actively working towards these targets, demonstrating a proactive approach to mitigating its environmental impact.
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| 2023 | |
|---|---|
| Scope 1 | 30,014,228 |
| Scope 2 | 4,023,000 |
| Scope 3 | 147,551,000 |
How Carbon Intensive is SOCFIN Group's Industry?
How Carbon Intensive is SOCFIN Group's Location?
SOCFIN Group's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the primary emissions source at 11% of Scope 3 emissions.
Top Scope 3 Categories
SOCFIN Group'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.
SOCFIN Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
