ETHISPHERE announces “CHAROEN POKPHAND GROUP” as one of The World’s Most Ethical Companies for the second consecutive year.
ETHISPHERE announces “CHAROEN POKPHAND GROUP” as one of The World’s Most Ethical Companies for the second consecutive year. This recognition honors companies demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance, and governance practices.
BANGKOK, THAILAND – March 15, 2022 - CHAROEN POKPHAND GROUP COMPANY LIMITED, or C.P. Group, a Thailand-based conglomerate has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies in 2022. 135 honorees were recognized spanning 22 countries and 45 industries. C.P. Group has been recognized for the second consecutive year in the food and beverage industry alongside 7 other honorees – Kellogg, PepsiCo, illycaffe s.p.s, Grupo Bimpo, Archer-Daniels-Midland Company, and Brown-Forman.
“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to Charoen Pokphand Group Co., Ltd. for earning the World’s Most Ethical Companies designation.”
Suphachai Chearavanont, CEO of Charoen Pokphand Group said that “C.P. Group is honored to receive this recognition from Ethisphere. We continue to drive the creation of a corporate culture of ethics and compliance, by encouraging executives and employees to participate in raising awareness and behavior in accordance with ethical standards and business ethics. It also creates awareness among stakeholders throughout the supply chain in order to practice and participate in creating an ethical business environment align with good corporate governance principles to increase competitiveness and enable sustainable business growth.”
Mr. Supachai Chearavanont further explains that “C.P. Group's recognition as the most ethical company in the world for the second consecutive year by the Ethisphere Institute reflects our ethics and continued commitment towards corporate governance excellence. Amidst rapid changes in the global economy, business leadership guided by a strong principle of corporate governance is vital to long-term success. The Group and its 400,000 employees remain steadfast in operating our businesses with accountability, integrity, and transparency in all countries where we operate. This includes gaining trust and acceptance from partners, investors and stakeholders, and working together to drive ethical mechanisms to achieve international standards. Therefore, the next step is still full of challenges for the Group to maintain the quality and efficiency of corporate governance more than ever. This leads to both business growth and participation in sustainable economic and social development in all dimensions.”
Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. More information about Ethisphere can be found at: https://ethisphere.com.