COFCO International launches first sustainability report
GENEVA, Switzerland – COFCO International today launched its first sustainability report. Titled ‘meeting tomorrow’s demand’, the report outlines the company’s progress in 2017 made towards its vision of becoming a world-class agri-business positioned to provide the food the world needs in a responsible way.
The report highlights the company’s performance across five sustainability pillars: upholding standards; taking care of our people; managing our environmental impact; connecting supply and demand responsibly; and building strong communities.
Key 2017 accomplishments across the five pillars include:
- Achieving 82% renewable energy use across its global operations
- Geo-mapping and screening 955,000 hectares of soy farms in the Amazon and Cerrado regions for sustainable soy sourcing
- Benefitting 14,419 people through community programmes in Brazil, Argentina and Romania
“Sustainability is defined as a core value of COFCO International and forms an integral part of our business strategy, as we work to strengthen our direct commodity sourcing capacity in key producing countries and expand our presence in rapidly growing demand markets”, said Johnny Chi, CEO of COFCO International. “This first report outlines our commitment to transparency and shows how we are engaging stakeholders to overcome sustainability challenges facing the agri industry.”
The 2017 report has been prepared using the internationally recognised Global Reporting Initiative (GRI) standards. More than 12,000 organisations globally follow these common sustainability reporting standards.
The full report is available on the 2017 Sustainability page.
COFCO International’s Sustainable Development team can be reached at: email@example.com