Charoen Pokphand Foods PLC (CPF) wins “Highly Commended in Sustainability Award” at SET Awards 2019 and is selected as one of sustainability companies in Thailand Sustainability Investment Index (THSI), thanks to its comprehensive good governance that takes into account the benefits of all stakeholders. Best practices have been applied for sustainable business growth and balanced development in economic, social and environmental dimensions.
Mr. Prasit Boondoungprasert, Chief Executive Officer of CPF, said that having won the award in “Best Sustainability” Level and maintained its place as a sustainability company in THSI affirms CPF’s success in driving the enterprise towards sustainability under the three pillars including “Food Safety, Self-Sufficient Society and Balance of Nature”.
In addition, it also dents the company’s management through three growth strategies. The first strategy is Value Creation which emphasizes food innovations and the development of nutritious and tasty food products that satisfy consumer demand.
Second, Digital Transformation that integrates technology throughout the value chain from the sourcing of feed raw materials, feed production, farming and processed food production to customer relations management as well as the accounting, financial and human resources management for efficient supply chain management.
Lastly, Driving Sustainability that aims for growth and sustainability through sustainable sourcing methods; environmental impact mitigation; and the reduction of plastic use, food loss and food waste in line with Circular Economy concept. The practices are adopted to make good use of natural resources and help combat environmental issues under the UN Global Compact and UN Sustainable Development Goals (UN SDGs).
“Sustainable growth requires an adjustment to constant changes. CPF has laid down principal strategies – Value Creation, Digital Transformation and Driving Sustainability – to drive our business towards goals. With these strategies, we can cope with new challenges, ensure business growth, care for environmental and social impacts, and achieve corporate good governance, as we are on the path to becoming a sustainable organization to benefit all stakeholders,” Mr. Prasit said, adding that the company is strongly committed and applies international sustainable standards and regulations to attain sustainability.
CPF intends to maintain trust in the organization that has continuously adapted to changes.