CPF named in DJSI member list for 5th consecutive year.

General Press Releases Monday September 16, 2019 09:09
Bangkok--16 Sep--CPF

Charoen Pokphand Foods PCL (CP Foods) has been listed in Dow Jones Sustainability Indices (DJSI) Emerging Markets 2019, a globally recognized sustainability index, for five consecutive years reflecting trust and acceptance as a leading sustainable business practices with sustainable growth.

Mr.Prasit Boondoungprasert, Chief Executive Officer of CP Foods, said that as a leading agro-industrial and food conglomerate, the company is among 17 high profile selected companies in the FOA Food Products industry group to step further on business sustainability path. The company commits to apply international standards that implemented to the business in Thailand and the overseas operations. Moreover, international regulations in terms of human rights, environment and corporate good governance have been put in place as part of the business practices.

CP Foods emphasizes on efficiency management in all dimensions including economy, social and environment. Particularly, the company has outstanding performances in many areas such as reducing plastic packaging by 27,000 tons during 2006 – 2019, shifting to renewable energy in feed, farm, food businesses with a combined of 25% of its total energy consumption, projecting to achieve carbon footprint reduction at 25% by 2025 compares to based-year in 2015, conducting Human Rights Due Diligence to ensure fair labor practices and undertaking innovation to drive long-term business growth.

"CP Foods believes that a successful business shall not only be able to generate high revenue but altogether the business should adhered to good governance, environmental sustainability, and giving back to our communities," noted Mr.Prasit.

Mr.Prasit added that CP Foods has been included by DJSI has ensured the company's efforts and strong intension in stepping as one of a global corporate recognition with sustainable practices. The business growth has also demonstrated its long-term commitment to the UN Sustainable Development Goals (UN SDGs) and UN Global Compact.

DJSI is one of the most highly regarded global sustainability indices, jointly developed by S&P Dow Jones Indices and SAM. Over 3,500 publicly traded companies in 61 industries across the world were invited to participate in SAM's Corporate Sustainability Assessment (CSA), which covers economic, social and environmental dimensions.

CP Foods also a co-founded of the Global Compact Network Thailand, which established to jointly architect world's sustainable development in line with UN SDGs as well as a selected member of FTSE4Good by FTSE Russell until now.

For more information, please visit https://www.cpfworldwide.com/en/sustainability/report

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