GENEVA, SWITZERLAND — Sustainability efforts by COFCO International (HK) Ltd. have garnered the global agribusiness recognition as a Morningstar Sustainalytics 2023 Top-Rated ESG Company and ranked second out of more than 100 companies in the Sustainalytics agriculture sub-industry group.

Morningstar Sustainalytics is a leading global independent ESG and corporate governance research, ratings and analytics firm.

COFCO International (HK) Ltd., the parent company for COFCO International operations, also 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 by COFCO International (HK) Ltd. categorized the company 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 programs 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 plans to achieve its goals.

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 37 countries across the Americas, Europe and Asia-Pacific.