COFIDE
COFIDE, or Corporación Financiera de Desarrollo, is a prominent financial institution headquartered in Peru. Established in 1991, COFIDE has played a pivotal role in fostering economic development across the country, particularly in the areas of project financing and investment. With a strong presence in the Andean region, the company focuses on providing tailored financial solutions to both public and private sectors. Specialising in development banking, COFIDE offers a range of services including credit facilities, guarantees, and advisory services. Its unique approach combines financial expertise with a commitment to sustainable development, making it a key player in Peru's economic landscape. Recognised for its contributions to infrastructure and social projects, COFIDE continues to enhance its market position through strategic partnerships and innovative financing models.
DitchCarbon Score
How does COFIDE's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
COFIDE's score of 24 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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COFIDE's reported carbon emissions
In 2020, COFIDE reported total carbon emissions of approximately 513,000,000 kg CO2e, comprising 252,110,000 kg CO2e from Scope 1 and 261,890,000 kg CO2e from Scope 2 emissions. Notably, there were no reported Scope 3 emissions. Comparatively, in 2019, COFIDE's emissions were about 227,900,000 kg CO2e, with Scope 1 contributing 208,500,000 kg CO2e and Scope 2 at 19,740,000 kg CO2e. In 2018, the total emissions were approximately 159,410,000 kg CO2e, with Scope 1 at 147,210,000 kg CO2e and Scope 2 at 12,220,000 kg CO2e. The data indicates a significant increase in emissions from 2019 to 2020, highlighting the need for enhanced climate commitments. However, COFIDE has not established specific reduction targets or initiatives as part of their climate strategy. The absence of Scope 3 emissions reporting suggests a potential area for future focus. Overall, COFIDE's emissions data reflects a critical opportunity for the organisation to develop and implement robust climate action plans to mitigate their carbon footprint and align with global sustainability goals.
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| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 131,600,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 7,200,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 169,000,000 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
COFIDE is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
