Charoen Pokphand Group announces its Sustainable Development Goals, committed to driving positive economic, social and environmental changes with the launch of its 2016 Sustainable Development Report

November 02, 2017

Charoen Pokphand Group announces its Sustainable Development Goals, committed to driving positive economic, social and environmental changes with the launch of its 2016 Sustainable Development Report while CPF, CPALL and True being recognized by world-class sustainability organizations: WBCSD, DJSI, FTSE4GOOD

Mr. Suphachai Chearavanont, Chief Executive Officer (CEO) of Charoen Pokphand Group (C.P. Group), highlighted this year as a significant milestone of C.P. Group’s sustainable development initiative. This was only possible owing to the commitment and continuous improvement of sustainability programs among C.P. Group and its subsidiaries, especially its core businesses: Charoen Pokphand Foods PCL (CPF), CP ALL PCL (CP ALL) and True Corporation PCL (TRUE).  All the three companies have been selected as a member of the globally recognized Dow Jones Sustainability Indices (DJSI). The World Business Council for Sustainable Development (WBCSD), a global advocacy association of over 200 companies focusing on business solutions for sustainable development, also revealed that C.P. Group’s sustainability report received a score of 72.2% that was adjacent to the top 10 companies who scored at 78-82%. In addition, CPF and TRUE were selected as members of the FTSE4GOOD Emerging Index by FTSE Russell, while the 2017 Corporate Governance Report, published by the Thai Institute of Directors (IOD) gave CPF and TRUE 5 out of 5 stars with MAKRO receiving 4 stars.

The CEO of C.P. Group further explained that the organization is determined to drive sustainable development in all communities where it operates.  It has a vision to provide food for body and mind that creates both shared value and well-being for all to develop sustainable economies, societies and eco-systems.  This year, C.P. Group launched its first Sustainability Report, declaring its 2020 Sustainability Goals to ensure that all its global affiliates operate coherently to achieve the 12 set targets.  These targets were set in line with the United Nations Sustainable Development Goal (SDGs). We are confident that C.P. Group’s sustainability efforts will be an important driving force for positive changes in our business operations in Thailand and around the world.

C.P. Group’s 13 business groups will operate under the sustainability strategy of ‘Heart-Health-Home’ and strive to meet targets under each strategy by 2020. In the Heart area – Commitment to Sustainable Business, four materiality issues consist of: corporate governance, human rights and labor practices, leadership & human capital development and stakeholder engagement.  In the Health area – Commitment to Sustainable Society, four materiality issues consist of social impact, health & well-being, education and innovation.  In the Home area – Commitment to Sustainable Environment: four materiality issues consist of climate change management, water stewardship, ecosystem & biodiversity protection and responsible supply chain management.

Mr. Suphachai concluded by expressing his sincere appreciation to all employees and executives of C.P. Group of Companies, including all stakeholders of C.P. Group that helped drive the organization’s sustainability policies into reality.  Only with these stakeholders’ support, C.P. Group is able to carry forth its sustainable development efforts for communities, societies, and countries around the world into the future.

Mr. Sooksunt Jiumjaiswanglerg, CEO of Agro-Industrial Business and Co-President of Charoen Pokphand Foods Plc (CPF), said beyond operating the business under the 3-Benefit Principle, CPF also holds the principle of corporate social responsibility to sustainability under the “3 Pillars”, which consist of “Food Security”, “Self-Sufficiency Society” and “Balance of Nature”. The objectives are to upgrade food quality and safety throughout the entire production process, promote access to food, as well as reduce impact on the environment and to protect bio-diversity, which is in line with the framework of ‘3Hs’ (Heart-Health-Home). To be recognized and praised by local and international organizations such as DJSI, FTSE4GOOD, CDP or the Stock Exchange of Thailand reflects our continued efforts at CPF to sustainably grow our business in accordance with environmental, social and governance standards.

Mr. Tanin Buranamanit, Managing Director and CEO of CP All Plc, operator of 7/11 convenience stores in Thailand, is pleased CP All was admitted to the 2017 Dow Jones Sustainability Index (DJSI) Emerging Markets for the first time in the category of Food & Staples Retailing. By adhering to its corporate philosophy, along with a strong commitment to growing its business alongside social, economic and environmental development, CP All was able to achieve high scores in 3 areas consisting of Customer Relationship Management, Materiality and Human Capital Development.

Mr.Vichaow Rakphongphairoj, President (Co), for Commercial and Mr. Adhiruth Thothaveesansuk, President (Co) for Operations of True Corporation Plc stated that the company does not merely focus on generating profits, but the organization also places great importance on social responsibility. True is one of the few telecommunications companies worldwide, and the only Thai company in this industry, that attained membership of the Dow Jones Sustainability Indices and FTSE4GOOD in 2017. The selection was based on our good corporate governance, adding value to consumer services from our technology and innovations, and incorporating sustainability principles into our corporate culture to benefit all stakeholders and society. True Group’s sustainability strategy is to bring digital technologies and innovations to create social value and an equitable society through sustainable development by integrating C.P. Group’s 3Hs’ (Heart-Health-Home) strategy with the goal of meeting its targets within the year 2020.