Charoen Pokphand Foods Public Company Limited (CP Foods), a leading food producer, was honored by two prestigious accolades of the Asia Sustainability Reporting Awards (ASRA) 2023. CP Foods was awarded the "Asia's Best Sustainability Report (Human Rights)" Silver Award and the "Asia's Best Environmental Impact Reporting" Bronze Award, acknowledging the company's exemplary sustainability disclosure practices. CP Foods' reporting for the year 2022 was distinguished for its clarity, comprehensiveness, accuracy, and transparency, earning it this well-deserved recognition.
CP Foods earned these distinctions through its comprehensive disclosure of policies, clear goal-setting, and transparent reporting of operational performance, covering human rights and environmental impacts. These efforts align with the expectations of stakeholders at the global level.
The company places significant emphasis on human rights throughout its value chain, dedicating to communicating accurate, precise, and transparent operational outcomes to all stakeholders. This communication encompasses various aspects, including the company's Human Rights Due Diligence Framework (HRDD), which integrates policies and measures to manage risks and mitigate impacts related to human rights. CP Foods continuously integrates human rights considerations into its operations based on diversity, equality, and inclusivity principles, such as fair labor practices, ethical recruitment, handling of complaints, and remediation for violations.
In addition to sustainability reports, CP Foods has publicized this information through other channels, including annual reports (Form 56-1 One Report) and various online platforms such as the company website, news portals, and social media.
Moreover, CP Foods has enhanced its environmental reporting to meet the expectations of stakeholders, including achieving environmental targets and creating shared value with society through various environmental projects. These efforts include disclosing financial information related to climate-related risks and opportunities, as well as strategies for climate change mitigation and achieving net-zero emissions.
CP Foods’ sustainability reporting also highlights achievements in reducing water withdrawal for production units through efficient water management measures, adhering the 3Rs approach (Reduce, Reuse, Recycle), and increasing green spaces both domestically and internationally. So far, the company has planted over 5.4 million trees worldwide, contributing to the absorption of over 39,000 tons of carbon dioxide per year.
The Asia Sustainability Reporting Awards (ASRA), organized by CSR Works International Pte. Ltd., recognize excellence in sustainable development practices through the reporting and disclosure of outcomes. CP Foods has been honored with these awards for the fifth consecutive year, underscoring its commitment to sustainability and transparency.
