COFCO International receives industry-leading Sustainalytics ESG score
GENEVA – COFCO International (HK) Ltd. has been recognised as a Sustainalytics 2023 Top-Rated ESG Company and ranked #2 out of over 100 companies in the Sustainalytics agriculture sub-industry group.
In June 2023, COFCO International (HK) Ltd., the parent company for COFCO International operations, has further improved its Environmental, Social and Governance (ESG) Risk Rating from Morningstar Sustainalytics, which measures a company’s exposure to, and management of ESG factors.
The Morningstar Sustainalytics score of 20.0 received in June categorises COFCO International (HK) Ltd. as “Low” risk, an improvement of 1.7 points from the previous year.
Improvements were mainly driven by advancements in the company’s emissions reporting, climate risk management, deforestation policy, biodiversity programmes and efforts to improve the carbon and water intensity of its operations.
This rating follows on from the publication of COFCO International’s sustainability report earlier this year, which discloses the company’s sustainability progress, opportunities for improvement, evolving challenges and future plans to achieve its goals.
The report is available at www.cofcointernational.com/sustainability/
- ENDS
About COFCO International
With more than 11,500 people in 37 countries, COFCO International is the overseas agriculture business platform for COFCO Corporation, China's largest food and agriculture company. COFCO International is focused on being a leader in the global grains, oilseeds, sugar, coffee and cotton supply chains, with assets across the Americas, Europe and Asia-Pacific. The company trades with over 50 nations, while providing farmers unique direct access to the growing Chinese market. In 2022, COFCO International sales volumes to third parties reached 127 million tonnes of commodities, achieving revenues of $53.3 billion. The company is accelerating its growth to create a world-class integrated global agriculture supply chain, anchored in China and competing globally.
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