Bgf Retail Sustainability Profile
Bgf Retail, officially known as BGF Retail Co., Ltd., is a prominent player in the South Korean retail industry, headquartered in Seoul, KR. Founded in 1990, the company has established itself as a leader in convenience store operations, primarily through its well-known CU brand, which has become synonymous with quality and accessibility across the nation. With a strong presence in urban and suburban areas, Bgf Retail focuses on providing a diverse range of products, including groceries, snacks, and everyday essentials, all tailored to meet the needs of modern consumers. The company's commitment to innovation and customer service has earned it a significant market position, making it one of the largest convenience store chains in South Korea. Bgf Retail continues to expand its footprint, adapting to changing consumer preferences while maintaining its reputation for excellence in the retail sector.
DitchCarbon Score
How does Bgf Retail'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 Retail Trade Services 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
Bgf Retail's score of 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bgf Retail's reported carbon emissions
In 2023, BGF Retail reported total carbon emissions of approximately 123,800 kg CO2e, comprising 47,100 kg CO2e from Scope 1 and 76,700 kg CO2e from Scope 2 emissions. Notably, the company has not disclosed any Scope 3 emissions data for this year. Looking back at 2022, BGF Retail's emissions were significantly higher, with a total of approximately 552,782,000 kg CO2e, which included 31,509,000 kg CO2e from Scope 1, 9,367,000 kg CO2e from Scope 2, and 552,782,000 kg CO2e from Scope 3 emissions. This indicates a substantial reduction in total emissions from 2022 to 2023. Despite these figures, BGF Retail has not set any specific reduction targets or initiatives as part of their climate commitments. The company does not currently participate in the Science Based Targets initiative (SBTi) or have any documented climate pledges. Overall, BGF Retail's emissions data reflects a commitment to transparency, although further action may be needed to establish clear reduction goals and strategies moving forward.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 31,509,000 | 00,000,000 | 00,000,000 | 00,000 |
| Scope 2 | 9,367,000 | 00,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 15,107,000 | 000,000,000 | 000,000,000 | - |
How Carbon Intensive is Bgf Retail's Industry?
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Bgf Retail's Scope 3 Categories Breakdown
Bgf Retail's Scope 3 emissions, which increased by 19% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. 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 "Upstream Transportation & Distribution" being the largest emissions source at 4% of Scope 3 emissions.
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Bgf Retail'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.
Bgf Retail 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.
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