Connecting supply and demand responsibly

We’re entering new partnerships, increasing agricultural productivity through responsible innovation, and managing our supply chains in an efficient and responsible way that allows us to better connect supply and demand.

Meeting this challenge requires working together. We’re entering new partnerships, increasing agricultural productivity through responsible innovation, and managing our supply chains in an efficient and responsible way that allows us to better connect supply and demand. 

Through our Supplier Code of Conduct and commodity-specific sourcing policies , we actively pursue long-term relationships with our suppliers based on responsible and sustainable agricultural practices. We require our suppliers to apply good agricultural practices and meet among others criteria on deforestation and biodiversity conservation. This helps us secure our future food supply without causing emissions from land use change, biodiversity loss or environmental deterioration.

As the worst effects of climate change are directly impacting agriculture and food security, cooperation with our suppliers goes beyond policies and compliance. Our practices therefore also address the significant changes needed to enable farmers to respond effectively to climate change and reduce GHG emissions from agricultural production. This includes providing training, supporting farmers with voluntary certifications along with continuous improvement initiatives, promoting good agricultural practices and public-private partnerships with key players in the value chain. 

COFCO International is a member of the Round Table of Responsible Soy Association (RTRS), and we have been steadily integrating other credible certification schemes into our soy supply chain – such as the International Sustainability & Carbon Certificate (ISCC) and the Biomass Biofuels and Sustainability Voluntary Scheme (2BSvs).

COFCO International is also a signatory to the Soy Moratorium, committing ourselves to not purchasing from, trade or offer financing to farmers who grow soy on land in the Amazon biome that was deforested after July 2008. We conduct satellite mapping of the soybean properties of our pre-financed suppliers, to ensure this commitment is duly fulfilled. 

In our coffee supply chain, for example, we are working with independent bodies and local associations to maintain the highest standards of sustainable agricultural practices. Our work with certification bodies such as the Rainforest Alliance, UTZ Certified and Fair Trade enables the transfer of value across the supply chain and fulfils the market need for sustainably sourced coffee under a credible label.

Another example is our practices in our cotton supply chain, where COFCO International sources and merchandises this commodity from producing countries including the U.S., Brazil and Australia. We contribute to building sustainable cotton supply chains by upholding the key principles in our Supplier Code of Conduct. We are also member of the Better Cotton Initiative (BCI), a multi-stakeholder initiative to make global cotton production function better for the people who produce it, better for the environment it grows in and better for the sector’s future.