COFCO International earns top regional sustainability honors for ESG Excellence
The company on Oct. 24 received the Grand Award-International, the highest distinction in that category at the Hong Kong ESG Reporting Awards (HERA).
CHINA – COFCO International has strengthened its position as a global leader in responsible agribusiness after winning two major sustainability awards in Asia, recognizing its commitment to transparency, environmental stewardship, and strong governance.
On October 24, the Geneva-headquartered commodity trader received the Grand Award – International, the highest distinction at the Hong Kong ESG Reporting Awards (HERA).
The accolade celebrates companies demonstrating outstanding leadership and disclosure in environmental, social, and governance (ESG) performance.
On the same day, in Singapore, COFCO International also secured the Gold Award at the 11th Asia Sustainability Reporting Awards (ASRA) for excellence in sustainability reporting and measurable progress toward global ESG standards.
Both awards were accepted by Allan Virtanen, Director of Communications and Sustainability, who represented the company at the ceremonies.
“These awards are a recognition of our team’s commitment to building a sustainable, transparent, and responsible global supply chain,” the company noted.
The judging panels commended COFCO International for aligning its reporting and practices with globally recognized frameworks such as the EU Corporate Sustainability Reporting Directive (CSRD), Global Reporting Initiative (GRI), and the UN Sustainable Development Goals (SDGs).
The company’s approach includes a double materiality assessment, independent third-party assurance, and comprehensive Scope 3 emissions reporting in line with the Science Based Targets initiative (SBTi).
COFCO International was also lauded for advancing deforestation- and conversion-free sourcing across key agricultural commodities, including soy and palm oil, and for expanding its sales of certified sustainable products.
According to its 2024 Sustainability Report, the company has increased traceability in its supply chains and strengthened supplier engagement to meet stringent ESG standards.
With 12,399 employees in 36 countries and annual revenues of US$38.5 billion, COFCO International is the overseas agriculture and food arm of China’s COFCO Group, one of the world’s largest agri-food conglomerates.
The company plays a vital role in connecting global grain, oilseed, and sugar markets, balancing commercial growth with sustainability objectives.
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