COFCO International has passed an independent benchmarking process and will be able to offer deforestation and conversion-free soy following the European feed industry’s requirements, as outlined in the 2023 FEFAC Soy Sourcing Guidelines.
The process was enabled by FEFAC, the European Feed Manufacturers' Federation, the creator of the benchmarking program, and run by the International Trade Centre (ITC), the United Nations’ and World Trade Organization’s joint agency.
COFCO International Responsible Agriculture Standard is a voluntary certification program for agricultural producers and other chain of custody suppliers that promotes conservation and the mainstreaming of sustainable agriculture in our supply chains.
The standard incorporates COFCO International policies, including its Supplier Code of Conduct and Sustainable Soy Sourcing Policy; responsible industry standards, mainly FEFAC Soy Sourcing Guidelines; and international principles such as International Labour Organization’s (ILO) Conventions and Recommendations, UN Guiding Principles on Business and Human Rights, and International Bill of Human Rights
The company has been recently recognized as a Sustainalytics 2023 Top-Rated ESG Company and ranked second out of over 100 companies in the Sustainalytics agriculture sub-industry group. The company’s recent sustainability improvements were mainly driven by advancements in the company’s emissions reporting, climate risk management, deforestation policy, biodiversity programs and efforts to improve the carbon and water intensity of its operations.