Charoen Pokphand Foods Public Company Limited (CP Foods) has been selected to publish in the S&P Sustainability Yearbook 2023, ranking in the Top 5% of the Food product sector for the third consecutive year.
Prasit Boondoungprasert, Chief Executive Officer of CP Foods, said the company, as "Kitchen of the World", has maintained its leadership in the food product industry based on the assessment from S&P Global. The company is proud to announce that, for the third year in a row, CP Foods, has ranked in the top 5% among leading food producers of the world in the yearbook. This achievement reflects CP Foods’ commitment to take environmental, social and good governance (ESG) into account when making business decisions.
"CP Foods operates its business towards the goal of being a sustainable organization by adhering to the 3-benefit philosophy, which prioritizing the benefit of the country and the people first and the company coming last. In recent years, the company has made a roadmap so-called CPF 2030 Sustainability in Action to help CP Foods accelerate efforts to meet all 17 Sustainability Goals of the United Nations as well as moving toward Net-Zero 2050 targets, ” Prasit said.
He added that CP Foods in Thailand has eliminated coal from its operations by 2022 and replaced it with biomass energy. In addition to promoting renewable energy sources including solar energy and biogas, etc. So far, the company increase its renewable energy proportion to 30% of total energy comsumption.
The Company also made significant progress in other areas such as water management, responsible sourcing, human rights, supply chain development and the conservation and restoration of watershed forests, and mangrove forests.
S&P Global assesses the sustainable development performance of leading global companies. This year, more than 7,800 listed companies from 61 industries participated in the assessment. Of these numbers, 708 companies were assessed and appeared in the Sustainability Yearbook 2023, a globally recognized report.
