Sustainability Report
Charoen Pokphand Group
2019
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SUSTAINABILITY MANAGEMENT

LIVING RIGHT

LIVING WELL

LIVING TOGETHER

 
C.P. Group has implemented a sustainability strategy that drives the Group’s operations in pursuit of its 2020 targets and vision, “Providing food for both body and mind that creates shared values and brings health and well-being for all.” In addition, C.P. Group has established the Sustainability, Good Governance and Corporate Communication Operating Committee (SGC Operating Committee), which takes responsibility for outlining management approaches, monitoring, verifying, and ensuring confidence that C.P. Group’s overall performance is efficient and in line with its targets and vision. Moreover, C.P. Group has carried out an assessment of its material sustainability issues and supported all 17 United Nations Sustainable Development Goals (SDGs).
Sustainability
Strategy
Sustainability
Governance

Executive
Commitment
Materiality
Assessment
Key
Performance
Case Study
Sustainability
Report

Sustainability Strategy

C.P. Group has developed the ‘3Hs’ Framework, covering three dimensions: Heart – Living Right, Health – Living Well, and Home – Living Together. This Framework serves as the driver behind C.P. Group’s sustainability strategy, and ensures that it can efficiently reach its intended targets. The 3Hs Framework supports the various principles and operational systems that C.P. Group has either established or adopted, including the ‘Three-Benefit Principle,’ the C.P. Excellence Management Approach, the Sufficiency Economy Philosophy, the Ten Principles of the UN Global Compact, the 17 UN Sustainable Development Goals, the UN Guiding Principles on Business and Human Rights as well as all laws in each country where the Group operates.
Three-Benefit Principle
Sufficiency
Economy Philosophy
C.P. Excellence
Management Approach
The 10 UNGC Principles
17 UN SDGs & UNGP
Regulations and Standards
  • Corporate Governance
  • Human Rights and Labor Practices
  • Leadership and Human Capital Development
  • Education

  • Social Impact
  • Health and Well-being
  • Stakeholder Engagement
  • Innovation

  • Climate Change Management
  • Water Stewardship
  • Ecosystem and Biodiversity Protection
  • Responsible Supply Chain
C.P. Group further reviews, improves, and updates its sustainability strategy, including the strategy’s components, on a regular basis. As a result, key companies of C.P. Group have been recognized by various international sustainability rankings such as the Dow Jones Sustainability Indices (DJSI), FTSE4Good, and Morgan Stanley Capital International (MSCI). At C.P. Group, we promise to continuously enhance our sustainability performance to create benefits for the country, positive livelihood for the people, and stability for the company. The Group plans to develop a strategy and long-term sustainability targets in 2020.

Sustainability Governance

C.P. Group remains committed to sustainability governance within the organization as well as the ‘Three-Benefit Principle.’ Such governance will transform us into a world-leading company, operating on the basis of transparency and fairness to all. We uphold our social responsibility through a diverse and encompassing range of projects and activities that respond to the needs of all stakeholders equally. At the same time, we strive to maintain environmental well-being while responding to the demands of growing population and industries, through environmentally-friendly innovation and technological research. Furthermore, we have established the SGC Operating Committee, which is composed of 14 senior executives from the Group and its business groups. The Committee is responsible for driving C.P. Group’s strategies, issuing C.P. Group’s sustainability policies and measures, engaging with and disclosing information to stakeholders, and managing risks. The SGC Operating Committee reports on sustainability progress and performance bimonthly at the ‘C.P. Group’s Vision to Action’ seminar, presenting to over 400 top executives from all of C.P. Group’s Thai and overseas business groups.

Executive Commitment

Executive commitment to pursue sustainability in all invested countries.

Materiality Assessment Process

The content and quality of this report has been determined by considering C.P. Group’s operations as a foundation as well as the material issues impacting the economy, society, and environment, from the perspective of both internal and external stakeholders. Through this process, C.P. Group is able to communicate to its stakeholders on its commitments and performance, in line with the strategic sustainability framework. Furthermore, C.P. Group has adopted the Global Reporting Initiative (GRI) Sustainability Reporting Standards in accordance with “Core” option as the framework for report preparation. Both internal and external factors relevant to the Group’s operations have been considered for inclusion in the materiality assessment. In conducting the assessment, the Group carries out various processes and steps in accordance with the 10 GRI Standards’ principles for defining report content, which consist of Stakeholder Inclusiveness, Sustainability Context, Materiality, and Completeness. and for defining report quality, which consists of Accuracy, Balance, Clarity, Comparability, Reliability, and Timeliness. The key processes and stages of the materiality assessment are discussed below.

Materiality Assessment Results

  1. Corporate Governance
  2. Human Rights and Labor Practices
  3. Leadership and Human Capital Development
  4. Education
  1. Social Impact
  2. Health and Well-Being
  3. Stakeholder Engagement
  4. Innovation
  1. Climate Change Management)
  2. Water Stewardship
  3. Ecosystem & Biodiversity Protection
  4. Responsible Supply Chain Management

Key Performance for Sustainability

Case Study

The Sob Khun Model
ICT Talent
C.P. Cixi Agricultural Eco-Industrial Park
 

About this Report

2019
2018
2017
2016
Sustainability Reporting
C.P. Group’s sustainability report is published annually. This is the fourth report following the 2018 Sustainability Report, which was published in July 2019.
Objective of the Report
The objective of this report is to communicate C.P. Group’s commitments and performances on sustainability across all three dimensions, covering issues of importance to stakeholders.
Reporting Scope
This report discloses the overall performance of C.P. Group companies, across eight business lines, in Thailand and overseas, from 1st January to 31st December 2019.
Reporting Framework
This report has been prepared in accordance with The ‘core’ Option of the GRI, Standards.
Reporting Boundary
Performance data on human resources covers 100% of C.P. Group subsidiaries. Data on energy, water, waste, greenhouse gas emissions, and safety cover 13,209 departments across all C.P. Group subsidiaries. (For more information, please refer to pages 216-217)
Communication on Progress (CoP)
As a member of the United Nations Global Compact (UNGC) at the advanced level, the Group has prepared a Communication on Progress on the Ten Principles of the UNGC and the 21 Criteria of the UNGC Advanced level. (For more information, please refer to page 230)
UN Sustainable Development Goals (SDGs) and UN Guiding Principles on Bussiness Human Rights. (UNGPs)
C.P. Group remains committed to operating in accordance with all 17 of the UN SDGs and the UNGPs. (For more information, please refer to page 231)
Third-Party Assurance
The content and data disclosed in this report has been verified for accuracy by Lloyd’s Register Quality Assurance (LRQA), an independent, reliable, and internationally-recognized assurer. The data verified for 2019 include: GRI 302-1, GRI 303-1, GRI 305-1, GRI 305-2, GRI 306-2, and GRI 403-2. In addition, to emphasize C.P. Group’s commitment to expanding its sustainability performance reporting, in 2019 C.P. Group engaged LRQA to conduct a pre-verification process on the sustainability performance of its global operations. (For more information on 2019 data assurance, please refer to pages 232-233)
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