COFCO identified as top-rated ESG company in 2024
COFCO International (HK) Ltd. consistent efforts in sustainability have gathered the global agribusiness recognition and was identified as a Morningstar Sustainalytics 2024 Top-Rated ESG Company in Food Products.
This latest win earned the company ranking 69 out of more than 600 companies in the Sustainalytics agriculture sub-industry group.
Morningstar Sustainalytics is a leading global independent ESG, and corporate governance research, ratings, and analytics firm.
Look at this recent article from WORLDGRAIN.
COFCO International (HK) Ltd. was recognized as a Sustainalytics 2024 Top-Rated ESG Company in Food Products, ranking 69 out of 642.
Sustainalytics ESG Risk Ratings cover more than 14,000 companies across 42 industries. The assessment includes material ESG issues: corporate governance, stakeholder governance, systemic ESG issues and idiosyncratic issues.
COFCO International is the overseas agriculture business platform for COFCO Corp., China’s largest food and agriculture company. COFCO International is focused on the global grains, oilseeds, sugar, coffee, and cotton supply chains, with assets in 36 countries across the Americas, Europe, and Asia-Pacific.
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Interesting that sustainability efforts by COFCO International (HK) Ltd. have earned its higher ranking among others, and company’s exposure to and management of ESG factors, also bettered its influence and position with improved Environmental, Social and Governance (ESG) Risk Rating.
China is one of the largest and fastest-growing agricultural markets in the world, today, the country takes nascent steps regarding sourcing sustainable farm products.
Recently China takes nascent steps regarding sourcing sustainable farm products, COFCO International is China’s flagship food group.
In the second half of 2024, COFCO landed its first cargo of deforestation-free soybeans for domestic use, marking what industry players say is a milestone for a country that has prioritized price over sustainability in its farm imports. COFCO recognized for sustainability efforts.
