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 23 is lower than 55% 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
As of the latest available data, SOCFIN Group does not report specific carbon emissions figures, indicating a lack of detailed emissions data for the most recent year. The company is a current subsidiary of Socfinasia S.A., which may influence its climate reporting and commitments. SOCFIN Group has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). Additionally, there are no climate pledges or significant reduction achievements reported. The emissions data may be inherited from its parent company, Société Financière des Caoutchoucs S.A., which could provide context for SOCFIN's climate strategy. However, without specific emissions data or reduction commitments, it is challenging to assess SOCFIN Group's overall carbon footprint or climate impact. In summary, SOCFIN Group currently lacks detailed emissions reporting and specific climate commitments, reflecting a broader industry context where many companies are still developing their sustainability strategies.
How Carbon Intensive is SOCFIN Group's Industry?
How Carbon Intensive is SOCFIN Group's Location?
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.
