Charoen Pokphand Foods PCL (CP Foods) received Thaipat Institute’s ESG100 Company 2020’s certification for the fourth consecutive years, reflecting the company’s vision to be responsible food producers with strong performances in environment, social and governance (ESG) dimensions.
At the same forum, CP Foods awarded its business units that initiated projects to help create well-being and sustainability in society with “CPF CSR Awards 2019”.
Dr. Pipat Yodprudtikan, Director of the Thaipat Institute, said that being listed among leading listed firms reflects CP Foods’ commitment to growing business, as well as creating returns and shared values for stakeholders.
“CP Foods is a leading company in food industry, a sector that Thailand is really good at. The company has been standing proud on a global stage, making its name as a responsible and sustainable producer that integrate ESG into the business.” he said.
He explained that ESG100 lists is made to recognize the top 100 ESG performers, covering areas such as energy consumption, natural resource management, greenhouse gas emission, food safety, nutrition, responsible product labelling and marketing, supply chain and etc., on the Stock Exchange of Thailand.
This sustainability index is initiated to support growing demand for investment on companies that placed importance on social and environmental impact. It provides choices for sustainable investments and returns that are no less than the others in Thai bourse.
Mr. Prasit Boondoungprasert, CP Foods’ CEO, said at the company, as a good corporate citizen in Thailand, is proud to conduct its business with ESG principle. This is based on the company’s core philosophy “3-Benefits” for sustainable growth of the country, people, and lastly the company itself. Ultimately, the company hopes that its actions will help the country achieving the United Nations’ Sustainable Development Goals (SDGs).
“CP Foods believes ESG is the cornerstone of our business. This aspiration will help CP Foods to maintain competitiveness, building stakeholder’s trust and deliver good returns in order to secure continuous business growth,” he said.
Also, Mr. Prasit presided over “CPF CSR Award 2019, giving recognitions to the company’s volunteers who drives CP Foods’ business towards sustainability under the three pillars: “Food Security, Self-Sufficient Society and “Balance of Nature” as well as sharing their best practices throughout the organization in an effort to improve quality of life in Thailand.
In this year, 39 projects, covering areas such as food safety, environmental conservation, creating extra income for community, and etc., from 9 business units received the prestigious awards. This included 7 excellent category, 12 in outstanding category and 20 recognition awards.
As a world-class food conglomerate with internationally recognized standards, the company drives the corporate social responsibility towards sustainability under the three pillars: “Food Security, Self-Sufficient Society and “Balance of Nature”.
Additionally, it has been cooperated with the government, private sectors, and society across the globe, in order to pave the way towards achieving the United Nations’ Sustainable Development Goals (SDGs). The company’s efforts to drive sustainable business is recognized as it is listed in the Dow Jones Sustainability Emerging Markets Index (DJSI – Emerging Markets) and the FTSE4Good Emerging Index.