S&P Global announces The Sustainability Yearbook 2022. CP Group is awarded Bronze Class status in the industrial conglomerates sector.

Charoen Pokphand Group Co., Ltd. (C.P. Group) is included on the Sustainability Yearbook 2022 as reported by S&P Global.  The Yearbook has announced a list of companies, ranking them in sustainability efforts across various industries. S&P Global is the world leading and most trusted reference on sustainability. They are widely accepted among investors and the global economic communities worldwide. C.P. Group is the only Thai company that has been assessed out of 66 companies that has received Bronze Class distinction in the Industrial Conglomerates sector. This reflects the company’s commitment towards sustainability operations in all dimensions; economy, society, and the environment.

Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group highlighted that as a Thai private sector organization, we are delighted to be the only Thai organization ranked in the Sustainability Yearbook 2022 in the Industrial Conglomerates sector, achieving Bronze Class distinction.  In order to achieve such distinction, our score has to be in the top 5%-10% of the industry.  This year, the German energy conglomerate, Siemens AG ranked first, followed by SK Business Group (SK Inc.), an IT business group from South Korea. For organizations to be eligible for the Yearbook, they must pass a Corporate Sustainability Assessment (CSA) rating, which is used to rank the Dow Jones Sustainability Indices (DJSI). The assessment focuses on business performance, Governance & Economics, as well as Social and Environmental dimensions.   C.P. Group has outstanding performance in several criteria, including climate change strategy, social and environmental reporting, code of business conduct, innovation management, and human capital development. This success reflects the business operations ability to become a leader in sustainability.

“C.P. Group has a moral compass, to do business with the nation’s best well-being at the fore-front of our minds. We create this vision through our 3Hs sustainability strategy: Heart – Living Right, Health – Living Well, and Home – Living Together.  The strategy is in line with the United Nations Sustainable Development Goals (SDGs) and also emphasizes on operating in accordance with ESG’s guidelines, which is to conduct business that takes into account the environment, society and corporate governance. (Environment, Social, Governance), This includes working proactively to push the world agenda on many issues. We consider this to be both an opportunity and a challenge for every business unit under C.P. Group. This allows us to increase business capabilities along with creating value for all stakeholders to achieve the C.P Group’s Sustainability Goals for 2030, while still remaining a leading global company in sustainability. Through this strategy we are creating a balance for both business and society” as stated by CP Group’s CEO.

The Sustainability Yearbook 2022 is a report trusted by investors and recognized globally. It included 7,554 companies in the global assessment, and only 716 companies from 61 industries were selected to be ranked in the report. This year, only 41 Thai companies were included. Aside from the C.P. Group, there are also subsidiaries included in the Yearbook 2022. Namely, Charoen Pokphand Foods Plc., CP All Plc., and True Corporation Plc. Several other Thai companies were included on this report, such as Thai Beverage Plc. (ThaiBev), PTT Global Chemical Plc. (PTTGC), Banpu Plc. (BANPU), and Mitr Phol Sugar Company Limited. Based on sustainability performance covering economic, social and environmental dimensions, the assessment results have been sorted by percentage, with organizations in the top 15% of each industry group listed in this report.