-
Overall approach3/16
-
Overarching commitment on deforestation0/6
-
Signatory to an initiative tackling deforestation1/1
-
Awareness of the value of forests1/1
-
Deforestation as a business risk1/1
-
High-level management of deforestion0/1
-
Executive compensation linked to deforestation
-
Target to reduce emissions from land-use change0/3
-
Reporting on emissions from land-use change0/3
-
Disclosure of conservation activity
-
Disclosure of reforestation activity
-
-
Commodity score33/84
-
Palm oil46/84
-
Commitment Strength21/28
-
Commitment to protect priority forests9/12
-
Commitment detailsZero-gross conversion8/8
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateNo target date0/1.3
-
Interim target dateYes0.7/0.7
-
-
Commitment to protect High Carbon Stock areas and/or peatlands6/8
-
Commitment detailsYes4/4
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateCurrent/2020/Pre-20201.3/1.3
-
Interim target dateYes0.7/0.7
-
-
Commitment to a traceable supply chain6/8
-
Commitment detailsDownstream company - traces to Processing Facility - checks compliance4/4
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target date20211.2/1.3
-
Interim target dateYes0.7/0.7
-
-
-
Social Considerations7/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersNo0/4
-
Gender equality in the supply chainDiscrimination/Gender Rights/Harassment1/4
-
Commitment to remediationNo0/2
-
Commitment to ensure Free, Prior and Informed ConsentYes the company commits to securing FPIC prior to acquiring new interests/developments/expansions2/4
-
-
Reporting and Implementation18/38
-
Reporting against commitments6/6
-
Commitment to protect priority forestsYes2/2
-
Commitment to protect High Carbon Stock areas and/or peatlandsYes2/2
-
Commitment to a traceable supply chainYes2/2
-
-
Reporting is independently verified3/4
-
Commitment to protect priority forestsYes: third-party1.3/1.3
-
Commitment to protect High Carbon Stock areas and/or peatlandsYes: third-party1.3/1.3
-
Commitment to a traceable supply chainNo0/1.3
-
-
Deforestation cut off dateNo0/2
-
Collaborative actionsNo0/2
-
Risk assessments for forest riskNo0/2
-
Operations assessed to comply with lawNo0/2
-
Accessible grievance mechanismYes4/4
-
Report volumes of commodityReporting non-certified/non-compliant volume; Reporting certified/compliant volume4/4
-
Upstream: Impact assessments for land development/acquisitionYes4/4
-
Upstream: Reporting production/processing locationsNo disclosure0/4
-
Downstream: Publishing supplier listsYes report direct suppliers; Yes report indirect suppliers4/4
-
Upstream: Monitor compliance of production/processingNo0/4
-
Downstream: Monitor compliance in supply chainYes for its suppliers only3/4
-
Downstream: Engagement with non-compliant suppliersBlacklist non-compliant suppliers without engagement1/2
-
Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
-
-
-
Soy44/84
-
Commitment Strength19/28
-
Commitment to protect priority forests12/17
-
Commitment detailsZero-gross conversion10.7/10.7
-
Commitment applies to all regions, suppliers and operationNo0/3
-
Target dateNo target date0/2
-
Interim target dateYes1/1
-
-
Commitment to a traceable supply chain8/11
-
Commitment detailsTraces to Point of production5.3/5.3
-
Commitment applies to all regions, suppliers and operationNo0/3
-
Target date20231.3/2
-
Interim target dateYes1/1
-
-
-
Social Considerations10/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersYes4/4
-
Gender equality in the supply chainNo commitment0/4
-
Commitment to remediationNo0/2
-
Commitment to ensure Free, Prior and Informed ConsentYes the company commits to securing FPIC prior to acquiring new interests/developments/expansions2/4
-
-
Reporting and Implementation15/38
-
Reporting against commitments6/6
-
Commitment to protect priority forestsYes3/3
-
Commitment to a traceable supply chainYes3/3
-
-
Reporting is independently verified0/4
-
Commitment to protect priority forestsNo0/2
-
Commitment to a traceable supply chainNo0/2
-
-
Deforestation cut off dateYes2/2
-
Collaborative actionsYes2/2
-
Risk assessments for forest riskNo0/2
-
Operations assessed to comply with lawNo0/2
-
Accessible grievance mechanismYes4/4
-
Report volumes of commodityNo reporting0/4
-
Upstream: Impact assessments for land development/acquisitionNo0/4
-
Upstream: Reporting production/processing locationsNo disclosure0/4
-
Downstream: Publishing supplier listsNo disclosure0/4
-
Upstream: Monitor compliance of production/processingNo0/4
-
Downstream: Monitor compliance in supply chainYes for its suppliers only3/4
-
Downstream: Engagement with non-compliant suppliersBlacklist non-compliant suppliers without engagement1/2
-
Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
-
-
-
Pulp & Paper *10/84
-
Commitment Strength0/28
-
Commitment to protect priority forests0/12
-
Commitment detailsNo commitment0/8
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateNo target date0/1.3
-
Interim target dateNo0/0.7
-
-
Commitment to reduce use of virgin wood fibre0/8
-
Commitment detailsNo0/4
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateNo target date0/1.3
-
Interim target dateNo0/0.7
-
-
Commitment to a traceable supply chain0/8
-
Commitment detailsNo traceability commitment0/4
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateNo target date0/1.3
-
Interim target dateNo0/0.7
-
-
-
Social Considerations6/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersNo0/4
-
Gender equality in the supply chainNo commitment0/4
-
Commitment to remediationNo0/2
-
Commitment to ensure Free, Prior and Informed ConsentYes the company commits to securing FPIC prior to acquiring new interests/developments/expansions2/4
-
-
Reporting and Implementation4/38
-
Reporting against commitments0/6
-
Commitment to protect priority forestsNo0/2
-
Commitment to reduce use of virgin wood fibreNo0/2
-
Commitment to a traceable supply chainNo0/2
-
-
Reporting is independently verified0/4
-
Commitment to protect priority forestsNo0/1.3
-
Commitment to reduce use of virgin wood fibreNo0/1.3
-
Commitment to a traceable supply chainNo0/1.3
-
-
Deforestation cut off dateNo0/2
-
Collaborative actionsNo0/2
-
Risk assessments for forest riskNo0/2
-
Operations assessed to comply with lawNo0/2
-
Accessible grievance mechanismYes4/4
-
Report volumes of commodityNo reporting0/4
-
Downstream: Publishing supplier listsNo disclosure0/4
-
Downstream: Monitor compliance in supply chainNo0/4
-
Downstream: Engagement with non-compliant suppliersNo engagement or exclusion0/2
-
Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
-
-
-
Timber *10/84
-
Commitment Strength0/28
-
Commitment to protect priority forests0/17
-
Commitment detailsNo commitment0/10.7
-
Commitment applies to all regions, suppliers and operationNo0/3
-
Target dateNo target date0/2
-
Interim target dateNo0/1
-
-
Commitment to a traceable supply chain0/11
-
Commitment detailsNo traceability commitment0/5.3
-
Commitment applies to all regions, suppliers and operationNo0/3
-
Target dateNo target date0/2
-
Interim target dateNo0/1
-
-
-
Social Considerations6/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersNo0/4
-
Gender equality in the supply chainNo commitment0/4
-
Commitment to remediationNo0/2
-
Commitment to ensure Free, Prior and Informed ConsentYes the company commits to securing FPIC prior to acquiring new interests/developments/expansions2/4
-
-
Reporting and Implementation4/38
-
Reporting against commitments0/6
-
Commitment to protect priority forestsNo0/3
-
Commitment to a traceable supply chainNo0/3
-
-
Reporting is independently verified0/4
-
Commitment to protect priority forestsNo0/2
-
Commitment to a traceable supply chainNo0/2
-
-
Deforestation cut off dateNo0/2
-
Collaborative actionsNo0/2
-
Risk assessments for forest riskNo0/2
-
Operations assessed to comply with lawNo0/2
-
Accessible grievance mechanismYes4/4
-
Report volumes of commodityNo reporting0/4
-
Downstream: Publishing supplier listsNo disclosure0/4
-
Downstream: Monitor compliance in supply chainNo0/4
-
Downstream: Engagement with non-compliant suppliersNo engagement or exclusion0/2
-
Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
-
-
-
-
Commitment strength13/28
-
Reporting and Implementation12/38
-
Social considerations8/18
* commodity scores for which a company is not a powerbroker are given half the weighting of other commodities in total scores
Profile
COFCO is a leading agribusiness company in China producing, processing, manufacturing and trading in agricultural products and foodstuffs. It is one of the major players in the Chinese soy industry with two prominent Chinese subsidiaries. There are further processing facilities in Argentina and Brazil. The company is also a major exporter of soy from Brazil, Paraguay, and Argentina. COFCO’s animal feed production is among the largest globally. Another subsidiary has one of the largest forestry concessions in Gabon. The extent of its commodity trading and its food production also exposes the company to palm oil. COFCO is selected as a powerbroker for palm oil, soy and paper packaging and is also assessed for its exposure to timber.
Disclaimer
This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.
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