SOCFIN Group
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 36 is higher than 88% 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 686,433,000 kg CO2e. This figure includes 534,859,000 kg CO2e from Scope 1 emissions, 4,023,000 kg CO2e from Scope 2 emissions, and 147,551,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, SOCFIN is committed to a 30% reduction in Scope 1 and Scope 2 emissions from a 2020 baseline by 2030. These initiatives reflect SOCFIN's dedication to addressing climate change and reducing its carbon footprint in the palm oil and rubber industries. With its headquarters in Luxembourg (LU), SOCFIN is actively working towards achieving these targets, demonstrating a proactive approach to sustainability and environmental responsibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 24,227,000 | 000,000,000 |
| Scope 2 | 599,000 | 0,000,000 |
| Scope 3 | -4,171,000 | 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.
SOCFIN Group 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.
