SOCFIN Group
SOCFIN Group, officially known as Société Financière des Caoutchoucs, is a prominent player in the agribusiness sector, specialising in the cultivation and processing of rubber and palm oil. Founded in 1909, the company has established its headquarters in Luxembourg, with significant operations across West and Central Africa, as well as Southeast Asia. With a commitment to sustainable practices, SOCFIN Group offers high-quality rubber and palm oil products, distinguished by their adherence to environmental and social standards. The company has achieved notable milestones, including certifications that underscore its dedication to sustainability. As a leader in the industry, SOCFIN Group is recognised for its innovative approaches and strong market position, contributing to the global demand for responsibly sourced agricultural products.
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 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 78% 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 686.4 million tonnes CO2e. This figure includes about 534.9 million tonnes CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Additionally, Scope 2 emissions, related to the generation of purchased electricity, accounted for around 4.0 million tonnes CO2e, while Scope 3 emissions, which cover indirect emissions from the value chain, totalled approximately 147.6 million tonnes CO2e. In 2022, SOCFIN Group's total emissions were about 20.7 million tonnes CO2e, with Scope 1 emissions at approximately 24.2 million tonnes CO2e and Scope 2 emissions at around 0.6 million tonnes CO2e. Notably, the Scope 3 emissions for that year were reported as negative, indicating a potential reduction or offset in indirect emissions. Currently, SOCFIN Group has not specified any formal reduction targets or initiatives under frameworks such as the Science Based Targets Initiative (SBTi) or the Carbon Disclosure Project (CDP). However, the company is likely to be focusing on improving its sustainability practices in line with industry standards and expectations.
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Add to project2022 | 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.
