Climate Change Data

COFCO Corporation

Climate Impact & Sustainability Data (2016)

Reporting Period: 2016

Environmental Metrics

ESG Focus Areas

  • Food Security
  • Agricultural Modernization
  • Food Safety
  • Green Practices
  • Industry Development
  • Employee Development
  • Community Service

Environmental Achievements

  • Reduced comprehensive energy consumption by 296256 tons of standard coal; SO2 emissions decreased by 2714 tons; ammonia nitrogen emissions decreased by 71 tons; COD emissions decreased by 1424 tons.
  • COFCO Plaza project achieved LEED Gold pre-certification after upgrades.
  • Improved waste recycling and reuse across various business units.
  • WOMAI.COM recycled 1,444,367 cartons and 51,798 other consumables; used electric forklifts for zero emissions.

Social Achievements

  • Launched various employee training programs, including leadership training and benchmark management, training over 3300 employees directly and over 10,000 indirectly.
  • Improved compensation system to motivate staff growth.
  • Implemented various employee welfare programs, including supplementary medical insurance, personal accident insurance, and family property insurance.
  • Organized various cultural activities to improve corporate cohesion.
  • Implemented precision poverty alleviation programs in 9 counties, investing over 4.3 million yuan and creating over 1.3 million yuan in sales from supported projects.
  • Donated 3 million yuan to poor families in Tibetan areas and nearly 9 tons of clothing to impoverished communities.
  • Organized the first “Joy City Run” event, with over 91,993 online participants and a 1 million yuan donation to UNICEF.

Governance Achievements

  • Revised the Party Group Working Rules, Board of Directors Working Rules, and President’s Office Working Rules to optimize decision-making mechanisms and corporate governance structure.
  • Established a comprehensive supervisory system with four supervision lines: discipline inspection, straight pipeline audit, financial clarity, and full-time equity director.
  • Improved legal compliance system to reduce legal risks.
  • Strengthened food quality and safety system, streamlining quality and safety regulations to 86 items.
  • Improved traceability system for products, achieving bottle-level traceability for Great Wall wines and online traceability for Mengniu imported liquid milk.

Climate Goals & Targets

Environmental Challenges

  • Oversupply in the corn industry, increasing market and customer risks.
  • Difficulties in managing odor issues in woven bags used for sugar products.
Mitigation Strategies
  • Implemented a clear acquisition strategy and explored new cooperation models with large customers to address corn oversupply.
  • Improved woven bag formula to eliminate odor issues, ensuring product quality.

Supply Chain Management

Responsible Procurement
  • Strategic supplier management; collaboration with suppliers to improve product quality and safety; implementation of technical agreements with suppliers including food safety clauses.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4, CASS-CSR3.0, Guidance on Fulfillment of Corporate Social Responsibility of Central Enterprises issued by the SASAC of the State Council

Sustainable Products & Innovation

  • Low-trans fatty acid oils
  • Phytosterol-enriched corn oil
  • Nutrition balanced Rice Mate
  • Whole wheat flour

Awards & Recognition

  • Most Influential Enterprise in China (2015)
  • Golden Tripod Award (2015)
  • Most Socially Responsible Employer (2016)
  • Fortune Global 500 (23 consecutive years)
  • Excellent energy-saving emission reduction enterprise (2016)