CPF wins 'Highly Commended' Award, keeps place in THSI
Charoen Pokphand Foods PLC (CPF) won the "Highly Commended in Sustainability Award" at SET Awards 2019 Tuesday (November 26), keeping its place in the Thailand Sustainability Investment Index (THSI), in recognition of its comprehensive good governance that takes into account the benefits of all stakeholders. The company has applied best practices for sustainable business growth and balanced development in economic, social and environmental dimensions.
Prasit Boondoungprasert, chief executive officer of CPF, said that winning the award in “Best Sustainability” and maintained its place as a sustainability company in THSI, affirmed CPF's success in driving the enterprise towards sustainability under the three pillars of “Food Safety, Self-Sufficient Society and Balance of Nature”.
In addition, it also highlights the company’s management through its three growth strategies:
The first is Value Creation which emphasises food innovations and the development of nutritious and tasty food products that meet consumer demand.
Second, Digital Transformation that integrates technology throughout the value chain from the sourcing of feed raw materials, feed production, farming and processed food production to customer relations management. The same applies to accounting, financial and human resources management for efficient supply chain operations.
Third, Driving Sustainability that aims for growth and sustainability through sustainable sourcing methods; environmental impact mitigation; and the reduction of plastic use, food loss and food waste in line with the Circular Economy concept. Best practices are adopted to make good use of natural resources and help combat environmental issues under the UN Global Compact and UN Sustainable Development Goals (UN SDGs).
“Sustainable growth requires an adjustment to constant changes. CPF has laid down principal strategies – Value Creation, Digital Transformation and Driving Sustainability - to drive our business towards these goals. With these strategies in place, we can cope with new challenges, ensure business growth, care for environmental and social impacts, and achieve corporate good governance on the path to becoming a sustainable organisation for the benefits of all stakeholders,” Prasit said.
The company is strongly committed to international sustainable standards and regulations to attain sustainability. CPF intends to maintain the trust of business partners and customers in a company that has continuously adapted to changes.
