BEIJING, CHINA — 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. It considers key factors such as business model, financial strength, geographical exposures and historical incidents.
In addition, Sustainalytics evaluates the effectiveness of risk management efforts, providing a holistic view of ESG risk.
COFCO’s ESG risk rating was 23.5, medium risk, and its management of material risks was classified as strong.
This rating follows on from the publication of COFCO International’s sustainability report earlier this year, which discloses the company’s sustainability progress, focus areas for improvement, evolving challenges and future plans to achieve its goals, including its recently approved SBTi science-based emissions reduction targets.
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.
