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 23 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
SOCFIN Group's reported carbon emissions
In 2023, SOCFIN Group reported total carbon emissions of approximately 686,433,000 kg CO2e. This figure includes Scope 1 emissions of about 534,859,000 kg CO2e, Scope 2 emissions of approximately 4,023,000 kg CO2e, and Scope 3 emissions of around 147,551,000 kg CO2e. In the previous year, 2022, SOCFIN's total emissions were about 20,655,000 kg CO2e, with Scope 1 emissions at approximately 24,227,000 kg CO2e, Scope 2 emissions at about 599,000 kg CO2e, and a negative Scope 3 figure of around -4,171,000 kg CO2e, indicating a potential carbon offset or reduction in upstream emissions. Despite the significant emissions reported, SOCFIN Group has not disclosed specific reduction targets or initiatives as part of their climate commitments. The company operates within the agricultural sector, which is increasingly under pressure to enhance sustainability practices and reduce carbon footprints. As such, SOCFIN's ongoing efforts and future commitments to climate action will be crucial in addressing their environmental impact.
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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 committed to any reduction initiatives 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.
