Charoen Pokphand Foods Public Company Limited (CP Foods) received a "Highly Commended in Sustainability Award" from the Stock Exchange of Thailand (SET) at SET Awards 2022 and is consistently selected as one of sustainability companies in Thailand Sustainability Investment Index (THIS), confirming its commitment driving the business towards sustainable growth while taking the environment, society, and good corporate governance (Environmental, Social and Governance: ESG) into account.
Wuthichai Sithipreedanant, Senior Vice President at CP Foods said CP Foods was presented the Sustainability Excellence Awards in category of Highly Commended in Sustainability Excellence, recognizing the company consistently driving towards sustainable growth and adhering to “3 Benefits” philosophy that creates value for the country, people and the company while fulfilling the company’s “Sustainable Kitchen of the World” vision.
CP Foods was presented the Sustainability Excellence Awards in the category of Highly Commended in Sustainability Excellence, recognizing the company for consistently driving towards sustainable growth while adhering to the "3 Benefits" philosophy to create benefits for the country, people, and the company while fulfilling the company's vision of "Sustainable Kitchen of the World". The company is dedicated to delivering high-quality and safe foods to ensure food security as well as developing innovations and modern technology to achieve long-term growth and promoting best practices on human rights throughout the supply chain.
This year, CP Foods strives for sustainability by focusing on environmentally friendly business. The company continues to promote renewable energy consumption throughout the production processes to reduce GHG reduction. The company is working on a variety of projects involving natural water resources and environment conservation including restoring watersheds and mangrove forests.
In addition, the company also encourages operations across the countries to increase green areas and launch the Restore the Ocean campaign. The effort aims to ensure food security while also benefiting benefits society and environment.
CP Foods continues to support the long-term growth of its 15,000 suppliers who supplies goods and services to the company by implementing the Faster Payment scheme, a 30-day credit to strengthen the financial of over 6,000 small and medium-sized enterprises (SMEs).
This year, the company in collaboration with Bangkok Bank to launch ‘CPF x BBL Liquidity Scheme for Suppliers, to improve 15,000 suppliers’ access to low-cost financial assistance and daily operations as well as keep them afloat.
CP Foods was also selected to be included in the list of Thailand Sustainability Investment (THSI). This is the 8th year that the company has been recognized this prestige lists, demonstrating its commitment conducting business responsibly to society, environment and governance as well as adhering to the BCG economy (Bio-Circular-Green Economy)./